KYC Role, Associate

Position OverviewJob Title: KYC Role, Associate Location: Mumbai, IndiaRole DescriptionDeutsche Bank is the leading German bank with strong European roots and a global network. We’re driving growth through our strong client franchise. Against a backdrop of increasing globalization in the world economy, Deutsche Bank is very well-positioned, with significant regional diversification and substantial revenue streams from all the major regions of the world. We serve our clients’ real economic needs in commercial banking, investment banking, private banking and asset management. We are investing heavily in digital technologies, prioritizing long term success over short-term gains, and serving society with ambition and integrity. All this means a career packed with opportunities to grow and the chance to shape the future of our clients.About The Business DivisionInternational Private Bank is one of the preeminent private banks in the Eurozone and for family entrepreneurs worldwide. It serves around clients, including private clients and small and medium-sized enterprises (SMEs) in Italy, Spain, Belgium and India, and wealth management clients from more than 80 locations in Germany, the rest of Europe, the Middle East and Africa (EMEA), Asia-Pacific and the Americas.It offers high-net-worth (HNW) and ultra-high net-worth (UHNW) clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of wealth management. Additionally, in Italy, Spain, Belgium and India it offers a comprehensive range of products including investment and insurance products, deposits, checking accounts, cards and other payment services as well as credit and business banking products.What We’ll Offer YouAs part of our flexible scheme, here are just some of the benefits that you’ll enjoyBest in class leave policyGender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveYour Key ResponsibilitiesAs part of the Deutsche Bank IPB, we are seeking to hire qualified candidates to handle the following functions:Client Data Collection, Documentation & Maintenance as part of new adoption / during periodic reviews.Should also know the due diligence required to establish the correctness/validity of documentsKnow your client verification checksRisk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clientsLiaise with different stakeholders to manage work pipeline effectivelyKey responsibilities of this role would include:Ability to understand complex ownership structures – especially for non-traditional WM clients such Charities, Foundation, Trusts, Private Equity Funds and also Private Investment Companies (PIC),Detailed initial review of KYC file, identifying gaps in the Front Office submissions and clearly articulating why the submitted files meet (or do not meet) KYC and regulatory requirementsUnderstanding the various sources of wealth generation for the client and analysing the informationEnsuring that cases are prioritised and managed effectively and consistently in line with the agreed process and deadlinesIndependent and proactive liaison with Front Office and Anti Financial Crime function to ensure full transparency and improve turn-around times Perform name screening of clients and related parties to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimesEscalate high priority client / business issues in a timely manner to protect the franchise and the client businessYour Skills And ExperienceA Post-graduate/Graduate degree in Finance, Business or Economics with a deep understanding of AML, KYC, Financial crimes, and other regulatory requirements (preferably Wealth Management) is what we are looking in the ideal candidate. Due to the nature of the job you should have the following skill sets:Relevant experience in Client On-boarding processes/Periodic KYC review and requirements preferably Global region (USA, UK, APAC)Proven track record as a strong contributor and able to work in virtual global teams and a matrix organisationAbility to work independently, as well as in a team environment, initiative driven and proactive approach, prioritizes multiple tasks, and meets strict deadlinesExperience in documenting processes to comply with the regulatory guidelines;Excellent communication skills, (written and verbal) with an open minded approach and the ability to share information with stakeholders and team membersProactively communicate with front office on deficiencies and/or next steps of KYC requirementExperienced in using the following tools – Appway, Avaloq, Lexis Nexis, World CheckHow We’ll Support YouTraining and development to help you excel in your careerCoaching and support from experts in your teamA culture of continuous learning to aid progressionA range of flexible benefits that you can tailor to suit your needsAbout Us And Our TeamsPlease visit our company website for further information:https://www.db.com/company/company.htmlWe 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.