Know Your Client (KYC) Analyst

Deutsche Bank; United States; On-site; USD 9,300 - 16,000; Full time

Benefits offered by this job

Leave policy

Parental leaves

Childcare reimbursement

Certifications sponsorship

Employee Assistance Program

Healthcare insurance

Life Insurance

Health screening

Job summary

Deutsche Bank in Mumbai is seeking a Know Your Client (KYC) Analyst to perform client onboarding, due diligence, and KYC documentation verification across DB systems for Global Markets, GTB, and Corporate Finance. You will conduct risk assessments, ensure compliance with regulatory guidelines, and coordinate with RM, Compliance, and Sales to meet timelines.

The role requires meticulous attention to detail, ability to work in high-pressure environments, and adherence to internal policies.

Qualifications

• Perform due diligence of new and existing clients covering a wide range of client types.
• 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.

Responsibilities

• Client onboarding and data management across DB systems for GM, GTB, and CF.
• Perform first screening to ensure compliance with global and country requirements.
• Manage offshore Service Delivery Center to complete requests end to end.
• Pro-active follow up with Relationship Managers, Sales, Compliance to manage expectations.
• Update SharePoint to track client requests and mappings.
• Ensure approvals before expiry for conditional and exception cases.
• Maintain SLA adherence and perform QA checks.

Skills

KYC due diligence

Documentation verification

Risk assessment

Client onboarding

Job description

Job Description: Job Title: Know Your Client (KYC) Analyst Location: Mumbai, India Role Description KYC Document Verification Onboarding of Clients on DB Applications as per the Regulations. In accordance with Anti-Money Laundering Requirements, Banks, such as Deutsche Bank AG ( DB ), are obliged to perform Know-your-client (“KYC”) reviews on all new clients they adopt. Client Onboarding team is responsible for these checks and reviews are made in strict accordance with regulatory requirement and the bank’s internal policies and local regulations. Client Lifecycle Management (CLM) comprises of Client On-boarding and Account Maintenance and Reference Data Services (RDS). The group provides operational services across the Corporate Investment Banking clients globally, which enable client business, protect against client lifecycle risk and drive up data standards within the firm. CLM play an integral part in the firm’s first line of defence against financial crime, reducing the risk of working with new clients, whilst ensuring client relationships are on-boarded and maintained efficiently. RDS provide a golden source of quality reference data across the Bank, underpinning the firm’s key Regulatory, Control Governance standards.

What we’ll offer you

• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Client Onboarding provides comprehensive Know Your Client, New Account Opening, Client Reference Data Analysis and Services and Data Management solutions within relevant DB systems for Global Markets (GM), Global Transaction Banking (GTB), and Corporate Finance (CF).
• The KYC Client Onboarding role will involve: To perform all new client adoption/ existing client extension/ account amendment across multiple products, different business lines i.e. GM, GTB, CF, and different DB locations.
• Perform first screening on documentation to ensure client adoption adheres to DB’s Global Compliance requirements, specific country KYC regulatory requirements according to booking location, and Key Operating Procedures.
• Manage Service Delivery Center in offshore location to complete requests on time from end to end perspective.
• Pro-active follow up and manage expectation with different parties including Relationship Managers, Sales, Compliance; stay on top of the status.
• Mange and escrow issues on a precise, timely manner, identify root cause, and come up resolution.
• Updates in SharePoint to track open client requests, new reference mappings and also counterparty creations, ensuring storage of appropriate mapping references in DB Central systems.
• Upload client documentation into DB’s centralized document repository systems, archive the original documentation.
• Ensure all account opening with conditional approval and exception approval are completed before expiry.
• Keep track on various MI to ensure no aging items.
• Work on data clean up initiatives, remediation, re-engineering projects and perform any required outreach to counterparties.
• Ensure that there are no Critical Audit Points as a result of Regulatory or Internal Audits.
• Rollout of any new KYC Policy / Regulations and also proper understanding of the same within the team and stakeholders.
• For the delivery of high standards of client service, at the same time ensuring that all internal (e.g. Risk) and external (e.g. Compliance) standards requirements are met in full, utilizing the combination of resources managed as a single COB team.
• Optimal management of resources, facilitating cross training, ensuring appropriate coverage to maintain throughput.
• Work in a high-pressure and time-sensitive environment.
• Perform quality checks to ensure that defined guideline is adhered for excellent QA scores.
• Work as the process owner and ensure end to end management of all activities associated with the process.
• Monitor capacity utilization within teams and allocate resources.
• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
• Prioritize tasks and ensure adherence to timelines for completion of activities.
• Initiate and lead change management initiatives within the team.
• Ensure structured upward downward communication.

Your skills and experience

• 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.

How we’ll support you

Training and development to help you excel in your career. Coaching and support from experts in your team. A culture of continuous learning to aid progression. A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information: https://www.db.com/company/company.htm We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.