Deutsche Bank is a leading financial institution seeking an analyst for their Know Your Client (KYC) team. The role involves performing risk assessments, conducting due diligence reviews, and ensuring compliance with Anti-Money Laundering regulations.
Responsibilities
- You will conduct full KYC reviews on all new client adoptions and/or periodic reviews of clients in accordance with relevant laws, regulations and firm policies as appropriate
- You will carry out KYC due diligence reviews in a timely manner to high quality standards, as per the Banks policies
- You will provide guidance to front office staff for timely collection of client information/documentation to ensure compliance with all relevant AML/KYC regulations, policies and risk management requirements
- You will investigate client data utilizing all available internal/external systems to develop a comprehensive analysis of who the client is and whether there are high risk factors
- You will review, investigate, and understand organizational structure, accumulation and domination methodologies to assist in determining ownership and control parties to identify all ultimate beneficiaries and potential Politically Exposed Persons (PEPs)
- You will coordinate and liaise with various departments (Anti-Financial Crimes, Negative/Adverse News Screening, Quality Control, etc.) to ensure quality files are produced
Skills
- Ability to source information from various research tools (Bloomberg, LexisNexis, etc.), utilizing financial reports and audited statements to interpret alerts, identify trends, and source information
- Basic understanding of AML/KYC regulations and their impact on financial institutions, knowledge of Investment Bank and Corporate Bank products, and ability to perform quality checks/4-eye reviews on the KYC onboarding process while learning and applying Deutsche Bank Know Your Client framework standards for peer review and quality assurance
- Excellent interpersonal and communication skills, including experience dealing with senior management or executive-level staff, effective communication, and appropriate escalation of situations posing operational or reputational market risk
- Strong organizational skills, attention to detail, analytical abilities (including use of Microsoft Office), problem resolution/solving, and adherence to strict deadlines in a fast-paced, high-pressure environment
- Ability to work in a diverse environment requiring collaboration, partnership, and transparency, including leading projects or tasks through to resolution and building strong team and stakeholder relationships
- You will conduct full KYC reviews on all new client adoptions and/or periodic reviews of clients in accordance with relevant laws, regulations and firm policies as appropriate
- You will carry out KYC due diligence reviews in a timely manner to high quality standards, as per the Banks policies
- You will provide guidance to front office staff for timely collection of client information/documentation to ensure compliance with all relevant AML/KYC regulations, policies and risk management requirements
- You will investigate client data utilizing all available internal/external systems to develop a comprehensive analysis of who the client is and whether there are high risk factors
- You will review, investigate, and understand organizational structure, accumulation and domination methodologies to assist in determining ownership and control parties to identify all ultimate beneficiaries and potential Politically Exposed Persons (PEPs)
- You will coordinate and liaise with various departments (Anti-Financial Crimes, Negative/Adverse News Screening, Quality Control, etc.) to ensure quality files are produced
- Strong knowledge of KYC/AML regulations and compliance frameworks, enabling accurate client onboarding, periodic reviews, and adherence to regulatory requirements
- Ability to conduct thorough due diligence and risk assessments, including analysis of ownership structures, beneficial ownership, and identification of PEPs
- Proficiency in research and investigative tools such as Bloomberg, LexisNexis, and financial reports to validate client information and identify potential risk indicators
- Excellent analytical, organizational, and attention-to-detail skills to review client data, perform quality checks, and manage multiple deadlines in a high-pressure environment
- Strong communication and stakeholder management skills to collaborate with front office teams and cross-functional departments while escalating potential compliance or reputational risks
Benefits
- A diverse and inclusive environment that embraces change, innovation, and collaboration
- A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
- Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
- Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
- Educational resources, matching gifts and volunteer programs
Company Overview
Deutsche Bank is an investment bank that offers financial products and services to corporate and institutional clients. It was founded in 1870, and is headquartered in Frankfurt, Hessen, DEU, with a workforce of 10001+ employees. Its website is https://www.db.com.