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Know Your Client (KYC) Associate

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Deutsche Bank

27d ago

  • Job
    Full-time
    Senior Level
  • Legal
    Banking & Finance
  • Bangalore

AI generated summary

  • You need 6+ years in AML/KYC/compliance, knowledge of regulations, risk assessment skills, and understanding of the end-to-end KYC process, trends, alerts, and control functions in banking.
  • You will verify client data, perform due diligence, assess risk, review KYC documentation, manage client adoption/periodic reviews, and ensure compliance with regulatory requirements and internal policies.

Requirements

  • 6+ 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

Responsibilities

  • 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

FAQs

What is the job title for this position?

The job title for this position is Know Your Client (KYC) Associate.

Where is the job located?

The job is located in Bangalore, India.

What are the primary responsibilities of a KYC Associate?

The primary responsibilities include verification of client data, performing due diligence checks, reviewing KYC documentation, conducting risk assessments, and managing new client adoptions and periodic reviews.

What qualifications are required for this role?

Candidates should have 6+ years of relevant work experience in AML/KYC/compliance-related roles within the corporate financial services industry, or in research/analytics roles in other banks or KPOs.

Is there a specific understanding of regulations required for this position?

Yes, familiarity with AML/KYC regulations and industry guidelines like FSA, JMLSG, 3rd EU Money Laundering Directive, and MiFID is required.

What kind of career development opportunities does Deutsche Bank offer?

Deutsche Bank offers excellent career development opportunities including training, coaching from experts, and a culture of continuous learning.

Are there flexible working arrangements available?

Yes, flexible working arrangements are available as part of our employee benefits.

Is there any support for education and certifications?

Yes, the company provides sponsorship for industry-relevant certifications and education.

What type of insurance benefits are offered?

Comprehensive hospitalization insurance for you and your dependents, accident and term life insurance, and complementary health screening for employees aged 35 years and above are offered.

Will KYC Associates need to communicate with senior bank stakeholders?

Yes, KYC Associates will provide regular communication to senior bank stakeholders on changes in KYC, AML, and AFC areas.

Is experience in interpreting regulatory guidelines important for this role?

Yes, the ability to interpret regulatory guidelines and assess risk scores is important for this role.

How does Deutsche Bank support work-life balance?

Deutsche Bank supports work-life balance through flexible working arrangements and a best-in-class leave policy.

Will KYC Associates be working independently or in a team?

KYC Associates will be part of a team, but will also take ownership of specific tasks and responsibilities related to client onboarding and compliance.

Is there an Employee Assistance Program available?

Yes, there is an Employee Assistance Program available for both employees and their family members.

How does the company foster a positive work environment?

Deutsche Bank fosters a positive work environment by promoting diversity, inclusivity, and celebrating the successes of all employees.

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Deutsche Bank

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.