Job Description

:Role DescriptionDIPL (erstwhile DBC), Mumbai is a wholly owned subsidiary of Deutsche Bank and serves as a talent pool for Deutsche Bank. Wealth Management Centre at DBC services the global Wealth Management (WM) division. Deutsche Bank Wealth Management division is part of Deutsche Bank\xe2\x80\x99s Private, Wealth & Commercial Clients division and combines financial strength and stability with trustworthy partnership and forward-thinking in order to create lasting value for clients. WM offers high net worth clients, family offices and foundations a broad range of traditional and alternative investment solutions, providing a holistic service for all aspects of wealth management.What we\xe2\x80\x99ll offer youAs part of our flexible scheme, here are just some of the benefits that you\xe2\x80\x99ll enjoyBest in class leave policyGender neutral parental leaves100% reimbursement under child care assistance benefit (gender neutral)Flexible working arrangementsSponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveYour key responsibilitiesAs part of the Deutsche Bank IPB, we are seeking to hire qualified candidates to handle the following functions:To act as the formal hands-on lead of 7-10 KYC Analysts. This means that the KYC Team lead will be actively involved within the KYC execution process and will manage all responsibilities to support the KYC Business Segment Head in day-to-day activitiesProvide planning and execution (KYC processing) support for large Client Groups to enable efficient processing and a first-class client experienceTo manage the relationship with senior Front Office sales officers and act as a \'single point of contact\' for queries relating to your team\xe2\x80\x99s workCoordinate with several stakeholders, not limited to Business, AFC and QA, Global KYC teams (policy, process, management), Audit etc. to ensure that KYC cases are on track and managed effectively and consistently in line with the agreed process and SLA\'sAbility to deliver Key Performance Metrics to senior business managers. Ability to translate outputs into deliverables and actions. Ensure that the actions are followed through and measuredTakes ownership to identify key issues and actively participating in their resolution to ensure client satisfaction and acceptable business outcomesAbility to guide the team in terms of policy/process queriesSince the role involved indepth knowledge of IPB KYC process, it is important that the candidate processes KYCs himself/herself for the first 6 months to gain adequate knowledge, not limited to:Client Data Collection, Documentation & Maintenance as part of new adoption / during periodic reviews.Should also know the due diligence required to establish the correctness/validity of documentsKnow your client verification checksRisk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clientsLiaise with different stakeholders to manage work pipeline effectivelyAbility to understand complex ownership structures \xe2\x80\x93 especially for non-traditional WM clients such Charities, Foundation, Trusts, Private Equity Funds and Private Investment Companies (PIC),Detailed initial review of KYC file, identifying gaps in the Front Office submissions and clearly articulating why the submitted files meet (or do not meet) KYC and regulatory requirementsUnderstanding the various sources of wealth generation for the client and analysing the informationEnsuring that cases are prioritised and managed effectively and consistently in line with the agreed process and deadlinesIndependent and proactive liaison with Front Office and Anti Financial Crime function to ensure full transparency and improve turn-around timesPerform name screening of clients and related parties to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimesEscalate high priority client / business issues in a timely manner to protect the franchise and the client businessYour skills and experience:A Post-graduate/Graduate degree in Finance, Business or Economics with a deep understanding of AML, KYC, Financial crimes, and other regulatory requirements (preferably Wealth Management) is what we are looking in the ideal candidate. Due to the nature of the job you should have the following skill sets:Relevant experience in Client On-boarding processes/Periodic KYC review and requirements (preferably APAC region)Proven track record in handling big teams and the ability to deliver under high pressureAbility to work independently, as well as in a team environment, initiative driven and proactive approach, prioritizes multiple tasks, and meets strict deadlinesExperience in documenting processes to comply with the regulatory guidelines;Excellent communication skills, (written and verbal) with an open-minded approach and the ability to share information with stakeholders and team membersProactively communicate with front office on deficiencies and/or next steps of KYC requirementExperienced in using the following tools \xe2\x80\x93 Appway, Avaloq, Lexis Nexis, World CheckManagerial experience is a must and international markets also very important \xe2\x80\x93 Asia preferred.Should have some proven abilities of handling high volumes and manual processes.How we\xe2\x80\x99ll support youTraining and development to help you excel in your careerCoaching and support from experts in your teamA culture of continuous learning to aid progressionA range of flexible benefits that you can tailor to suit your needsAbout us and our teamsPlease visit our company website for further information:https://www.db.com/company/company.htmlOur values define the working environment we strive to create \xe2\x80\x93 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.Visit to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

Deutsche Bank