Know Your Client (KYC) Operator
- Deutsche Bank
- 1 - 2 Years
- Pune
- 3 years ago
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Job Description
Position Overview
Position Summary
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. These checks and reviews are made in strict accordance with regulatory requirement and the bank's internal policies.
The project involves verification of the Client data, performing due diligence checks on the Clients, reviewing KYC documentation performing the risk assessment of the Client, liaising with the Business/Compliance, advising on KYC requirements and signing off on new client adoptions.
Position Specific Responsibilities and Accountabilities
- 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
Experience/Exposure
Domain Skills
- 1 to 2 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
Communication and Reasoning skills
- Good reading, comprehension and critical reasoning skills
- Good analytical writing skills
- Good communication skills to communicate at all levels - onshore & stakeholders
Soft Skills
- Ability to work independently and take ownership
- Flexibility while handling multiple cases of varying priorities
Technical skills
- Hands on experience in using internet
- Familiarity with MS Office application
- Ability in formulating search criteria and expertise in web search techniques
- Expertise on internal systems and resources
- Attention to details and quality
Logical reasoning and problem solving
- Ability to troubleshoot issues
- Ability to translate policies into routine processes
**Willingness to work in shifts
Education/Qualification
- Graduates with good academic records
- Exposure to draft procedures based on policies formulated by the Bank's AML Compliance departments.
- Relevant KYC experience in any Financial Sector for 1-2 years
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about diversity and inclusion at Deutsche Bank.
Employement Category:
Employement Type: Full timeIndustry: Banking
Functional Area: IT
Role Category: Software Engineer
Role/Responsibilies: Know Your Client (KYC) Operator
Contact Details:
Company: Deutsche BankLocation(s): Pune
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