With client assets of around EUR 300 billion (as at September 30, 2017), Deutsche Bank’s Wealth Management business is one of the largest asset managers worldwide.
We offer affluent clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations. We create lasting value for clients.
We develop bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits.
All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate & Investment Bank and Deutsche Asset Management.
We combine financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships.
Role Description - Summary :
To manage and provide effective guidance to Front Office in their work processes and submissions, in terms of new client account opening and KYC reviews.
The role requires the candidate to advice the Front Office in all KYC / AML and legal document related matters and supports the Client Advisor from the beginning of the new customer adoption process from prospect through to funding of the account including the KYC Review Process.
In addition he / she liaises with the local AML officers concerning business-view on specific AML / KYC related topics.
In his / her function as an On-boarding Specialist the candidate is able to handle the daily BAU responsibilities on top of monitoring, tracking MI team performance and reporting on metrics.
It involves close collaboration with AML, Compliance, ORM, Front Office and Legal.
Responsibilities and Tasks :
Acting as first level control and providing quality assurance in the KYC process;
Providing subject matter expertise to ACOs on complex account structures;
Advising front office on legal documents for legal entities during the NCA and KYC review process;
Acting as sparring partner for client ACOs in all AML / KYC related topics;
Supporting ACO’s in completing the KYC information accurately;
Overseeing and monitoring the entire KYC process within front office, including upcoming regular reviews;
Acting as intermediary between front office and cross functions (e.g. AFC, Neutral Control / Middle Office, Legal etc.), where required
Provision of specialist advise to RM (e.g., on docs / SoW)
Check quality and completeness and correctness of client files / KYC forms
Setup case management team (RM, COBS, iCAT, AFC, DCRO, COO etc) subject to the complexity of the case
Pre-)filling of account opening forms for / with clients
Collection of docs (directly with clients if requested)
Input account structure in client on-boarding systems and Update KYC questionnaire based on the information provided by RC (if requested)
Request for pre-screening of names as applicable
Monitor, track and escalate cases as appropriate and share MI on a weekly basis to RM / TH / GH
Be the lead to focus and streamline the account opening and Advising Front Office on legal documents during the NCA and KYC Review Process
Provide expert advice to Client Advisors on complex account structures and KYC / AML cases the business is confronted with
Participate in client meetings if required
To understand the Bank Global KYC / AML Standards, Account Documentation procedures, Local Laws and Regulations and implement related control processes
Escalation of operational, regulatory and other risks to line manager and functional leads as appropriate; contributes to the development and implementation of mitigation or control solutions
Qualifications Required :
Degree majoring in Banking, Accountancy or Business Administration or related discipline preferred
Knowledgeable and experienced in operations, account documentation, risk management, Sophisticated AML / KYC knowledge and experience in banking or financial industry for at least 5-7 years
Ability to develop a good knowledge of the customer base, with sensitivity to specific customer needs.
Personal Competencies or Skills
Mature, strong analytical and problem solving ability
A team leader who is able to multi-task effectively in a dynamic environment, appreciate diversity and follow through assignments within tight schedule
Excellent interpersonal skills and the ability to manage relationships with all levels
Strong customer relationship, communication and presentation skills
Problem solving skills
Strong process and project management experience would be an advantage
Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.