KYC Case Manager Associate, Deutsche Bank

$54-77.4k

Excel

Junior and Mid level

New York

Investment bank and financial services company

Be an early applicant

Investment bank and financial services company

1001+ employees

B2CB2BInvestingTradingFinancial Services

Be an early applicant

$54-77.4k

Excel

Junior and Mid level

New York

1001+ employees

B2CB2BInvestingTradingFinancial Services

Company mission

To be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.

Job

Company

Role

Who you are

Prior experience in handling Know Your Client (KYC) operations
Basic understanding of markets, corporate, and wholesale banking products
Excellent interpersonal skills to manage relationships with internal teams and clients, acting as the main point of contact for KYC matters and resolving issues through effective communication, Ability to analyze client information and documentation critically, identify potential risks and 'red flags,' and escalate issues appropriately
Ability to interpret regulatory guidelines and assess risk scores
Ability to source information from various research tools, (Bloomberg, Lexis Nexis etc.) and in several cases utilizing financial reports and audited statements to interpret alerts, identify trends and source of information
Proficient in MS Office applications, with strong skills in Excel
High attention to detail to ensure accuracy in gathering and analyzing KYC documentation, with a strong commitment to handling sensitive client data confidentially
Strong analytical, and problem-solving skills
Ability to contribute ideas for process improvements, participate in strategic technology change initiatives, and work collaboratively to enhance the efficiency and effectiveness of KYC processes

What the job involves

As a Know Your Client (KYC) Case Manager, you will be responsible for, but not limited to, verifying client data, performing due diligence checks, reviewing KYC documentation, assessing risk, liaising with the Business and Compliance/Anti-Money Laundering (AML) teams, and advising on KYC requirements
In accordance with AML requirements, banks such as Deutsche Bank are obliged to perform KYC reviews on all new clients and conduct periodic reviews based on their risk category
These checks and reviews are made in strict accordance with regulatory requirements and the Bank’s internal policies
You will conduct new client adoptions and periodic reviews by collecting and analyzing KYC documentation in line with regulatory and Deutsche Bank AML policies
You will manage relationships between the KYC team and business units, acting as the front office liaison for due diligence analysts in other locations
You will communicate with clients to gather KYC documentation and data, ensuring timely and high-quality due diligence reviews
You will assess AML risks and identify potential 'red flag' situations, escalating issues as necessary
You will handle sensitive client data with confidentiality and work with stakeholders to resolve key issues effectively
You will contribute to improving KYC processes and participate in strategic technology change initiatives

Our take

Despite its roots in the nineteenth century, Deutsche Bank has seen strategic transformation at countless stages to remain competitive. For example, it recently launched Vert, a new digital payments company for SMEs, in collaboration with Fiserv. As a result, the company successfully filled the gap in the market for a user-friendly, all in one solution which would enable merchants to accept payments and manage money.

The company continues to benefit from its scale and reputation. Despite ongoing criticisms, its strong European ties and a global network means Deutsche Bank is well placed to help clients navigate through geopolitical and macroeconomic shifts, something that can’t be said so confidently of its competitors. Today, it operates in circa 60 countries.

Moving forwards, the company is focused on aligning more closely to environmental, social and governance (ESG) criteria to facilitate over €500B in sustainable finance and investments between 2020 and 2025.