KYC Approver (AML Business Risk)
About The Position
Private Bank (PB) helps individuals and certain institutions worldwide to protect and grow their wealth, offering traditional and alternative investments across all major asset classes. PB also provides customized wealth management solutions and private banking services to high-net-worth individuals and families. Deutsche Bank is investing heavily in technology, which means we are investing in you. Join us here, and you’ll constantly be looking ahead. What We Offer You 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 gift, and volunteer programs
Requirements
- Relevant experience in Onboarding, Compliance, Audit, Risk, or other Regulatory function
- Experience in client onboarding and KYC/AML environments with a strong knowledge of structures and documentation for various legal entities, including Trusts, LLCs, Partnerships, Corporations, etc.
- Knowledge of AML policies which govern banks; Know Your Client policy guidelines; 4th EU Money Laundering Directive, BSA, U.S.A. PATRIOT Act guidelines, etc. and strong knowledge of how Trusts, LLCs, Partnerships, Corporations, etc.
- Excellent interpersonal skills and strong verbal and written communication skills, collaborate and work well within a team
- Demonstrate strong attention to detail and the ability to multitask and pivot as priorities evolve.
- Ability to work well under tight deadlines for quick turnaround with a desire to go above and beyond to satisfy our clients with appropriate decision-making skills
- Strong research background and ability to understand implications of financial sanctions on individuals/blocked person's/Specially Designated Nationals (SDN's) and risks associated
Nice To Haves
- Experience with AML, KYC and BSA risk issues for Private Banks preferred and prior experience in Wealth Management and with validation of documentation is a plus
Responsibilities
- Perform comprehensive due diligence reviews for all client types, including new client onboarding, event‑driven changes, and periodic reviews, in accordance with applicable laws, regulations, and firm policies.
- Review of KYC documentation (including identity verification, Legal Entity documents, etc.) identification/verification data, and due diligence research for new and existing clients
- Ensure adherence to policies, regulatory framework, laws, and AML requirements.
- Adhere to deadlines associated with onboarding and monitoring within the KYC review process
- Act as a centralized contact point for business partners, including the Front Office Client team and KYC Case Managers, to provide guidance and ensure appropriate advice and support related to KYC processes, policies, and procedures
- Assist with Ad hoc projects designed to enhance the overall KYC experience/process and with audits, escalations, and investigations on KYC issues as needed
- Contribute to team development initiatives and projects
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 gift, and volunteer programs
- At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
