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Know Your Client (KYC), Associate

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Bangalore

AI generated summary

  • You must have 6+ years in AML/KYC/compliance, knowledge of regulations, skills in risk assessment, alert interpretation, trend analysis, and a grasp of the end-to-end KYC process.
  • You will verify client data, conduct due diligence on various client types, assess risk, approve client adoptions, and ensure compliance with regulatory and internal policies while managing timelines.

Requirements

  • 6+ years of relevant work experience (AML/KYC/compliance related) within corporate financial services industry, Research/Analytics role in other Banks / KPOs etc
  • Understanding of Control, Compliance, Investigation/chasing functions in banks
  • Familiarity AML/KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID)
  • Ability to interpret regulatory guidelines and assessing risk scores and entity types
  • Ability to interpreting alerts
  • Ability to identifying trends and inconsistencies
  • Understanding of end to end KYC process

Responsibilities

  • Responsible for verification of Client data
  • Perform due diligence of new and existing clients covering a wide range of different client types including; Listed and Regulated, small/medium/ large private and public companies as well as more complex structures such as; SPVs, Co-operatives, Foundations and Funds, Governments, Joint Ventures, etc.
  • Verifying KYC documentation of the Clients to be adopted/reviewed
  • Perform the risk assessment of the Client to be adopted/reviewed
  • Signing off on new client adoptions and periodic reviews
  • Manage New Client Adoption or Periodic Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the bank’s internal policies
  • Manage exception ensuring that all SLA’s defined with the Business on timeliness and quality are adhered

FAQs

What is the primary focus of the KYC Associate position?

The primary focus of the KYC Associate position is client onboarding (COB) and managing exceptions in line with regulatory standards and jurisdictions, with an emphasis on performing KYC, Anti-Money Laundering (AML), and Anti Financial Crime (AFC) checks.

What kind of clients will I be working with in this role?

You will be working with a wide range of client types, including listed and regulated entities, small to large private and public companies, complex structures like SPVs, cooperatives, foundations, funds, as well as governments and joint ventures.

What types of documentation will I be responsible for verifying?

You will be responsible for verifying KYC documentation of clients, which includes performing due diligence checks and ensuring compliance with regulatory requirements.

How will I be evaluated in my role as a KYC Associate?

You will be evaluated based on your ability to verify client data, perform due diligence, conduct risk assessments, ensure timely and quality management of new client adoptions and periodic reviews, and adhere to SLAs defined with the business.

What kind of training and development opportunities are provided?

The organization offers training and development to help you excel in your career, along with coaching and support from experts in your team, as well as a culture of continuous learning for progression.

Is there flexibility in work arrangements for this position?

Yes, the role offers flexible working arrangements as part of the benefits package.

How many years of experience are required for this position?

A minimum of 6 years of relevant work experience in AML, KYC, or compliance-related roles in the corporate financial services industry is required.

What regulations should I be familiar with for this role?

You should be familiar with AML/KYC regulations and industry guidelines such as FSA, JMLSG, the 3rd EU Money Laundering Directive, and MiFID.

Will I need to manage timelines and quality standards in my work?

Yes, you will be responsible for managing exceptions to ensure that all SLAs defined with the business regarding timeliness and quality are adhered to.

What kind of benefits does Deutsche Bank offer to employees?

Deutsche Bank offers a variety of benefits including a best-in-class leave policy, gender-neutral parental leave, child care assistance, comprehensive hospitalization insurance, flexible working arrangements, and sponsorship for relevant certifications and education.

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.