Know Your Client Operator-Analyst
Deutsche Bank AG
Pune, India
3d ago

Deutsche Bank Operations International (DBOI) Global Services, a subsidiary of Deutsche Bank, is the bank's global processing arm.

Established with the purpose of building a world-class operating infrastructure for Deutsche Bank's global businesses, DBOI Global Services is an integrated network of six processing centers of excellence in the UK, USA, India and Philippines, delivering 24 / 7 support for the bank and its clients.

Position Overview

The Know Your Client (KYC) Operator role focuses on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions.

The KYC Operator provides regular communication to senior Bank stakeholders on changes in KYC, Anti Money Laundering ( AML’) and Anti Financial Crime ( AFC’) areas and ensures any changes required are implemented with minimum disruptions.

The KYC Operator also assists the Bank’s clients, managing all KYC and account opening requirements with appropriate governance and controls.

They operate in an environment of strict adherence to Standard Operating procedures ( SOP’s) and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening to help execute trades.

Position Description

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. These checks and reviews are made in strict accordance with regulatory requirement and the bank’s internal policies.

The project involves verification of the Client data, performing due diligence checks on the Clients, reviewing KYC documentation performing the risk assessment of the Client, liaising with the Business / Compliance, advising on KYC requirements and signing off on new client adoptions.

Position Specific Responisibilities and Accountabilities

  • Responsible for verification of Client data
  • 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

    Domain Skills

  • 1 to 2 years of relevant work experience (AML / KYC / compliance related) within corporate financial services industry, Research / Analytics role in other Banks / KPOs etc
  • Understanding of Control, Compliance, Investigation / chasing functions in banks
  • Familiarity AML / KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID)
  • Ability to interpret regulatory guidelines and assessing risk scores and entity types
  • Ability to interpreting alerts
  • Ability to identifying trends and inconsistencies
  • Understanding of end to end KYC process
  • Communication and Reasoning skills

  • Good reading, comprehension and critical reasoning skills
  • Good analytical writing skills
  • Good communication skills to communicate at all levels - onshore & stakeholders
  • Soft Skills

  • Ability to work independently and take ownership
  • Flexibilty while handling multiple cases of varying priorities
  • Technical skills

  • Hands on experience in using internet
  • Familiarity with MS Office application
  • Ability in formulating search criteria and expertise in web search techniques
  • Expertise on internal systems and resources
  • Attention to details and quality
  • Logical reasoning and problem solving

  • Ability to troubleshoot issues
  • Ability to translate policies into routine processes
  • Willingness to work in shifts

    Education / Qualification

  • Graduates with good academic records
  • Exposure to draft procedures based on policies formulated by the Bank's AML Compliance departments.
  • Relevant KYC experience in any Financial Sector for a minimum of 2 years
  • Apply
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