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Periodic Review Analyst

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Deutsche Bank

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • People, HR & Administration
    Banking & Finance
  • Mumbai

AI generated summary

  • You need a graduate degree in Finance, strong AML/KYC experience, ability to work in teams, excellent communication skills, and proficiency in Appway, Avaloq, Lexis Nexis, and World Check.
  • You will collect and maintain client data, conduct due diligence, assess risk categories, review KYC files, prioritize cases, liaise with stakeholders, and perform name screening for financial crime risks.

Requirements

  • A Post-graduate/Graduate degree in Finance, Business or Economics with a deep understanding of AML, KYC, Financial crimes, and other regulatory requirements (preferably Wealth Management) is what we are looking in the ideal candidate. Due to the nature of the job you should have the following skill sets:
  • Relevant experience in Client On-boarding processes/Periodic KYC review and requirements (preferably APAC region)
  • Proven track record as a strong contributor and able to work in virtual global teams and a matrix organisation
  • Ability to work independently, as well as in a team environment, initiative driven and proactive approach, prioritizes multiple tasks, and meets strict deadlines
  • Experience in documenting processes to comply with the regulatory guidelines;
  • Excellent communication skills, (written and verbal) with an open minded approach and the ability to share information with stakeholders and team members
  • Proactively communicate with front office on deficiencies and/or next steps of KYC requirement
  • Experienced in using the following tools – Appway, Avaloq, Lexis Nexis, World Check

Responsibilities

  • Client Data Collection, Documentation & Maintenance as part of new adoption / during periodic reviews.
  • Should also know the due diligence required to establish the correctness/validity of documents
  • Know your client verification checks
  • Risk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clients
  • Liaise with different stakeholders to manage work pipeline effectively
  • Ability to understand complex ownership structures – especially for non-traditional WM clients such Charities, Foundation, Trusts, Private Equity Funds and also Private Investment Companies (PIC),
  • Detailed initial review of KYC file, identifying gaps in the Front Office submissions and clearly articulating why the submitted files meet (or do not meet) KYC and regulatory requirements
  • Understanding the various sources of wealth generation for the client and analysing the information
  • Ensuring that cases are prioritised and managed effectively and consistently in line with the agreed process and deadlines
  • Independent and proactive liaison with Front Office and Anti Financial Crime function to ensure full transparency and improve turn-around times
  • Perform name screening of clients and related parties to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimes
  • Escalate high priority client / business issues in a timely manner to protect the franchise and the client business

FAQs

What is the job title for this position?

The job title for this position is Periodic Review Analyst, also referred to as Operations Officer/Periodic Review Officer.

Where is this position located?

This position is located in Mumbai, India.

What division does the Deutsche Bank Centre (DBC) Wealth Management operate under?

The DBC Wealth Management operates under Deutsche Bank’s Private, Wealth & Commercial Clients division.

What type of candidates is Deutsche Bank looking to hire for this role?

Deutsche Bank is looking to hire qualified candidates with a deep understanding of AML, KYC, Financial crimes, and other regulatory requirements, preferably with experience in Wealth Management.

What are the key responsibilities of the Periodic Review Analyst?

Key responsibilities include client data collection, due diligence on documentation, risk categorization, understanding complex ownership structures, performing KYC reviews, and liaising with stakeholders.

What skills and experience are required for this role?

A Post-graduate/Graduate degree in Finance, Business, or Economics, relevant experience in client onboarding processes and periodic KYC reviews, excellent communication skills, and experience using specific tools like Appway and World Check are required.

What support does Deutsche Bank offer to its employees?

Deutsche Bank offers training and development, flexible working arrangements, coaching from experts, and a culture of continuous learning to aid career progression.

Is there a specific focus area within the responsibilities of this role?

Yes, there is a specific focus on understanding ownership structures for non-traditional wealth management clients, such as charities, foundations, trusts, and private equity funds.

What tools should candidates be experienced with for this position?

Candidates should have experience using tools such as Appway, Avaloq, Lexis Nexis, and World Check.

How does Deutsche Bank promote its work culture?

Deutsche Bank promotes a positive, fair, and inclusive work environment where employees are empowered to excel together, taking initiative, collaborating, and celebrating collective successes.

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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.