DEUTSCHE BANK AG ★ 3.8

Position Overview

Details of the Division and Team:

This position requires working in details to ensure accuracy of information assessment, discipline in term of timeline, deadline; cooperative attitude in dealing with internal clients, professional in working with Business people; clear understanding of the KYC policy & regulations to provide accurate knowledge to Business & Clients, play a role as advisor in KYC remediation task.

This also require for ability to handle NCA & Remediation coordinately with team members & independently with SME people, raise requests and provide feedback in timely manner; well coordinate with AML/AFC officers as well as Legal for the KYC legal relevant matters.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Insurance coverage for employees and direct family members (spouse and children)
• Good benefit in sick leave (max 6 days of sick leave per year with no document submission requirement
• Gender Neutral Parental Leave
• Flexible working arrangements
  
  
  

Your key responsibilities:

New Client Adoption (NCA)

• Understanding internal AML Policy, KYC KOS and updating wherever there are changes/training.
• Ensure the NCA process complying with the KYC KOS and Local Addendum
• Engage with Business or Client to obtain the required information and documentation to complete the NCA
• Performing due diligence based on the initial risk rating of the client and creating a client KYC profile with the new information and documentation obtained
• Consult with the Business to determine whether any “per se high risk factors” apply.
• All relevant parties must be identified to the client relationship must be identified in order to assess the Finance Crime Risk: Client, UBOs/IBOs, LRs, Members of the client’s Senior Management Body
• Undertaking the initial assessment phase of the KYC process: determining Entity Type, Identifying and understanding the client, AML client risk classification, determining due diligence, understanding the nature of business and purpose of the relationship.
• Other core elements of NCA include NLS and escalation (if any)
• Aiming to identify if any of the risk factors apply which will always require that the client relationship is classified as high risk.
• For multi-jurisdictional adoptions or CJDA, the regulatory KYC requirements of all jurisdictions must be met, including Local AFC escalation, if required, in each jurisdiction.
• Understanding other processes and applying suitable procedures where applicable: Abandonment, SAR, Approval & Sign-off, Re-activations, Re-Adoption.
• Applying per Regulatory Requirements where required: SBV, IRS/FATCA, Dodd Frank, EMIR, Anacredit, MiFID, …
  
  
  

Remediation

• Work out with Business the schedule for Remediation to commence and identify a Business Sponsor for each Client relationship for each jurisdiction and division.
• Supporting the Business (who is the ultimate responsible for the process) in the completion of Remediation.
• Conducting the Remediation as described in KYC KOS (L4), within timeline.
• Engaging with the Business or the Client (where applicable) to obtain the required information and documentation to complete the Remediation. Communicate with Business & clients for outstanding information which has not been acknowledged/follow up by the Business or Client, via phone, email or official outreach Letter/Reminder.
• A request for outstanding information which has not been acknowledged by the Business or Client should always be followed up.
• Documenting and maintaining Management Information (MI) requirements and circulate this MI to relevant stakeholders across CLM, Business and local AML on regular basis.
• Ensure the Remediation to be completed per internal timeframes
• Assess if there is any adverse information and/or any new information with regards to ML/TF factors by completing the Name List Screening and Negative News Screening.
• Update the Client KYC Profile with the new information and documentation obtained to confirm the Client and its Associated Roles remain unchanged. Where a change has occurred the data point is subject to the identification and verification requirements in Reliable Sources and Acceptable Documentation for ID & V.
• Update the Client’s AML Client Risk Classification based on the outcome of the review. Any required consultation and /or escalation must be performed in adherence to Escalations.
  
  
  

Your skills and experience:

• Minimum 2 years of KYC Operations experience in a banking environment
• Bachelor’s degree in Banking, Business or related field of equivalent experience
• Understanding customer account profile, Bank’s policies on AML, AML & Anti-Terrorism Financing Policy, PCR, Information Security Control, and other control policies of the Bank.
• Knowledge in the areas of Risk and Regulatory; GTB Business
• Strong sense of accountability and responsibility
• Liaise with regional network in implementing assigned tasks
• A quick learner and highly adaptable to change.
• Being proactive, ability to improve on best practice and capability.
• Proficient in using English as the main language for reading, writing and communication.
  
  
  

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• 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
• Training and development to help you excel in your career
  
  
  

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

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.