Private Bank – KYC Specialist - Associate

Deutsche Bank; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading global bank seeks a KYC Specialist to manage client account openings and KYC reviews. The role involves advising the Front Office on KYC/AML matters and collaborating with various teams. Candidates should have strong analytical skills and experience in Private Banking.

Benefits

Flexible benefits plan

Comprehensive leave benefits

Gender Neutral Parental Leave

Flexible working arrangements

21 days of annual paid leave

Qualifications

• Minimum 3 years in Private Banking/Wealth Management.
• At least 2 years in a Maker role within Private Banking/Wealth Management.

Responsibilities

• Ensure quality assurance in the KYC process.
• Advise front office on legal documents during KYC reviews.
• Monitor and report on cases and metrics weekly.

Skills

Analytical

Problem-Solving

Interpersonal

Relationship Management

Communication

Project Management

Education

Degree in Banking

Degree in Accountancy

Degree in Business Administration

Job description

Position Overview

To manage and provide effective guidance to Front Office in their work processes and submissions, specifically regarding new client account opening and KYC reviews. The role involves advising the Front Office on all KYC/AML and legal document matters, supporting the Client Advisor from prospecting to account funding, including the KYC Review Process. The candidate liaises with local AML officers on AML/KYC topics.

As a KYC Specialist, the candidate handles daily BAU responsibilities, monitors and reports on MI team performance, and collaborates with AML, Compliance, ORM, Front Office, and Legal teams.

What we will offer you:

• Flexible benefits plan including virtual doctor consultations
• Comprehensive leave benefits
• Gender Neutral Parental Leave
• Flexible working arrangements
• 21 days of annual paid leave, plus public holidays and flexible working

Your key responsibilities:

• Perform as first-level control and ensure quality assurance in the KYC process
• Provide expertise on complex account structures
• Advise front office on legal documents for legal entities during NCA and KYC reviews
• Support ACOs in completing accurate KYC information
• Oversee the entire KYC process, including reviews
• Coordinate between front office and cross-functional teams (AFC, Middle Office, Legal, etc.)
• Advise RMs on documents and scope of work
• Check the quality and completeness of client files/KYC forms
• Manage case setup based on case complexity
• Collect documents from clients as needed
• Update KYC questionnaires based on client information
• Perform name pre-screenings as applicable
• Monitor, escalate, and report on cases and metrics weekly
• Streamline account opening and KYC review processes
• Advise on legal documents during reviews
• Participate in client meetings if required
• Implement global KYC/AML standards and local regulations
• Escalate operational and regulatory risks and contribute to mitigation strategies

Your skills and experience:

• Proficiency in client KYC profiling
• Strong online research skills related to client wealth journey
• Degree in Banking, Accountancy, Business Administration, or related field
• Experience in operations, account documentation, risk management, AML/KYC in banking/financial industry (min 3 years in Private Banking/Wealth Management)
• At least 2 years in a Maker role within Private Banking/Wealth Management
• Strong analytical, problem-solving, interpersonal, and relationship management skills
• Ability to understand customer needs and adapt accordingly
• Team player with multi-tasking abilities in a dynamic environment
• Excellent communication and presentation skills
• Process and project management experience
• AML/CAMS certification is a plus

Role is on-site at One Raffles Quay, with vaccination requirements.

How we’ll support you:

• Flexible working options
• Mentorship and team support
• Continuous learning culture
• Flexible benefits tailored to your needs
• Training and career development opportunities

About us and our teams:

Deutsche Bank is a leading German bank with a strong European presence and global network. Click here to learn more about what we do.

Deutsche Bank & Diversity

We foster a culture of responsibility, collaboration, and initiative. We celebrate diversity and promote an inclusive environment. Applications from all backgrounds are welcome.