Know Your Client (KYC) Analyst

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

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,

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 escalate 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, ta