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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, trend analysis, and a strong understanding of the end-to-end KYC process.
  • You will verify client data, perform due diligence and risk assessments, manage client adoption and periodic reviews, and ensure compliance with regulatory requirements 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 at Deutsche Bank?

The primary responsibility of a KYC Associate is to verify client data, perform due diligence checks on new and existing clients, review KYC documentation, assess client risk, and manage new client adoptions and periodic reviews in accordance with regulatory requirements.

What kind of clients will the KYC Associate be working with?

The KYC Associate will work with a diverse range of client types, including listed and regulated companies, small to large private and public companies, complex structures such as SPVs, cooperatives, foundations, funds, governments, and joint ventures.

What qualifications or experience are required for this position?

Candidates should have 6+ years of relevant work experience in AML/KYC/compliance within the corporate financial services industry, as well as an understanding of control, compliance, and investigation functions in banks.

Are there opportunities for career development within this role?

Yes, the position offers excellent career development opportunities, including training and support to help you excel in your career.

What flexible benefits does Deutsche Bank offer to its employees?

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

How does Deutsche Bank support employees' learning and development?

Deutsche Bank supports employees through training and development programs, coaching from experts in their team, and fostering a culture of continuous learning.

Is there a focus on work-life balance for KYC Associates?

Yes, Deutsche Bank promotes flexible working arrangements to ensure a healthy work-life balance for its employees.

What is the process for signing off on new client adoptions?

The KYC Associate manages the new client adoption process by verifying KYC documentation, assessing associated risks, and ensuring all requests are approved in accordance with regulatory and internal policy requirements.

What systems or tools might be used in this role?

The specific systems or tools are not mentioned, but familiarity with AML/KYC regulations, risk assessment methodologies, and client verification processes is essential in this role.

How does Deutsche Bank ensure compliance with regulatory requirements?

Deutsche Bank performs KYC reviews based on strict regulatory standards and internal policies, ensuring that compliance is maintained throughout client verification and onboarding processes.

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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.