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KYC Associate

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Deutsche Bank

1mo ago

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

AI generated summary

  • You need 6+ years in AML/KYC/compliance, knowledge of regulations, risk assessment skills, and understanding of the KYC process, including alert interpretation and trend analysis.
  • You will verify client data, perform due diligence, assess risks, approve client adoptions, manage reviews, and ensure compliance with regulatory and internal policies.

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 responsibility of a KYC Associate?

The primary responsibility of a KYC Associate includes verifying client data, performing due diligence checks on new and existing clients, reviewing KYC documentation, conducting risk assessments, and managing new client adoption and periodic review streams.

What kind of clients will I be working with as a KYC Associate?

As a KYC Associate, you will work with a wide range of different client types, including listed and regulated companies, small/medium/large private and public companies, complex structures such as SPVs, cooperatives, foundations, funds, governments, and joint ventures.

What qualifications are required for the KYC Associate role?

A minimum of 6 years of relevant work experience in AML, KYC, or compliance within the corporate financial services industry is required. Familiarity with AML/KYC regulations and industry guidelines is also essential.

Is there any opportunity for professional development in this role?

Yes, the role offers various training and development opportunities to help you excel in your career, including sponsorship for industry-relevant certifications and education.

What benefits does Deutsche Bank offer to KYC Associates?

Benefits include a best-in-class leave policy, gender-neutral parental leaves, 100% reimbursement under child care assistance, flexible working arrangements, comprehensive hospitalization insurance, and more.

How does the company support a positive work environment?

Deutsche Bank aims to create a culture that empowers employees to excel together through responsible actions, commercial thinking, initiative-taking, and collaboration, along with a focus on fairness and inclusivity.

Are there specific regulatory guidelines that I need to be familiar with for this job?

Yes, familiarity with AML/KYC regulations and industry guidelines such as FSA, JMLSG, 3rd EU Money Laundering Directive, and MiFID is essential for this role.

Will I have the opportunity to work with a team of experts?

Yes, you will receive coaching and support from experts in your team to aid your professional development.

What is the expected workflow associated with new client adoptions?

The workflow involves managing new client adoption requests, ensuring all requests are approved in accordance with regulatory requirements, adhering to internal policies, and managing exceptions while meeting defined SLAs.

Are there any specific skills that are beneficial for the KYC Associate position?

Beneficial skills include the ability to interpret regulatory guidelines, assess risk scores, identify trends and inconsistencies, and have a strong understanding of the end-to-end KYC process.

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Deutsche Bank

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.