KYC Analyst -AVP

Job ID: R0336364
Full/Part-Time: Full-time


Regular/Temporary: Regular
Listed: 2024-05-30


Location: Mumbai

Position Overview

Job Title - AVP \xe2\x80\x93 ACO support/KYC Analyst -AVP Location - Mumbai Role Description The Know Your Client (KYC) Analyst focuses on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions.
The KYC Analyst provides regular communication to senior bank stakeholders on changes in KYC, Anti Money Laundering (\xe2\x80\x98AML\xe2\x80\x99) and Anti Financial Crime (\xe2\x80\x98AFC\xe2\x80\x99) areas and ensures any changes required are implemented with minimum disruptions.
The KYC Analyst also assists the bank\xe2\x80\x99s clients, managing all KYC and account opening requirements with appropriate governance and controls. They operate in an environment of strict adherence to Standard Operating procedures (\xe2\x80\x98SOP\xe2\x80\x99s) and Operation Level Agreements (OLA\xe2\x80\x99s) to achieve accurate and timely account opening to help execute trades. AAR/ENPR SME to support ACO The ACO is the person who has attested to owning a Client relationship in Salesforce for KYC for that Client file/DB entity location level. An ACO is expected to know the Client sufficiently to be able to effectively assess the accuracy and consistency of the customer due diligence regarding any FCRs, based on their understanding of the Client and the expected nature and purpose (ENPR) of the Business they wish to conduct with DB. Overview: Deutsche Banks\xe2\x80\x99 Corporate Bank (CB) is a market leader in cash management , trade finance & lending , securities services, and Trust & Agency Services . Focusing on the treasurers and finance departments of corporate and commercial clients and financial institutions across the globe, our universal expertise and global network allows us to offer truly integrated and effective solutions. Trust and Agency Service (TAS): With offices in New York, California, London, Frankfurt, Milan, Lisbon, Dublin, Hong Kong, Singapore and Tokyo, the Trust and Agency Services team at Deutsche Bank has long been recognized as a leader in the provision of administrative and fiduciary services to the global debt and equities markets. It supports structures from the simplest to the most complex, covering Asset Backed Securities, CLOs and Managed accounts, Corporate Debt, Escrows, Project Finance, Loan Agency, and Depositary Receipts. Summary:

• The Trust & Agency Services (TAS) business is responsible for a broad portfolio of Depositary Receipts (DR), conventional debt and securitization transactions and service teams are required to engage directly with transaction parties supporting the administration of structured and non-structured debt issuances in accordance with the contractual terms.
• This role is exciting and broad ranging: the successful candidate will be responsible for specific functional duties supporting the TAS business globally and will have interaction across the initial transaction value chain supporting onboarding and access requests for the business.
• The successful candidate will be required to cover European working hours supporting the EMEA business and cross over to the Americas.
• Corporate title will depend on the relative experience of candidate.

What we\xe2\x80\x99ll offer you As part of our flexible scheme, here are just some of the benefits that you\xe2\x80\x99ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Developing a clear understanding of KYC policy requirements
• Working with salespersons and other internal stakeholders to understand deal structure and identify NCA target parties.
• Identifying entity type to determine NCA requirements to be requested from clients.
• Liaising with clients (both internal and external) to gather all applicable NCA and PR requirements, including tax documents, within a specified timeline.
• Reviewing NCA and PR documents received from client to determine such documents are compliant with the applicable policies and procedures.
• If applicable, working with salespersons to raise requests for any Compliance approval in order to satisfy any Enhanced Due Diligence EDD requirements.
• Submitting a request for NCA or PR to the Client Lifecycle Management (\xe2\x80\x9cCLM\xe2\x80\x9d) team
• Tracking and follow up on the request submitted with the CLM team to ensure a timely completion.
• Working with salesperson to perform searches on the NCA target entity and respond to any relevant hits or exceptions according to Bank\xe2\x80\x99s standards and requirements.
• If applicable, working with relevant internal parties for the preparation of deal sheets and coordination with various offices for internal pipeline meeting.
• Arranging for document storage in accordance with applicable local requirements
• Managing any local storage database, whenever applicable
• Act as a first point of escalation for junior analysts
• Act as a first point of escalation for other KYC Analysts
• Ad hoc projects
• Any other duties as assigned.
• Liaise with the ACO to facilitate the submission of AAR attestations.
• Ensure prompt and accurate submission of AAR
• Follow up and Escalate to meet applicable deadlines
• Liaise with the Business Execution team, as needed
• Monitor AAR MIs and ensure accurate and timely AAR attestation submissions
• ACO Mapping Management / Coordination - working with Business Execution teams to identify a replacement ACO and managing completion of files with ACOs who have attested
• Business Line Governance \xe2\x80\x93 leading regular cadence calls with ACOs, as needed, to review aged or blocked cases in outreach or other areas of the review process and driving escalation management
• Critical Rules Management \xe2\x80\x93 Escalation to Business Leads and facilitation between ACOs and Business Execution team
• Transformation Change \xe2\x80\x93 Providing SME input to improve the attestation process, as needed
• Training and Advisory \xe2\x80\x93 Stay up to date on any process changes cascaded to ACOs
• Preparation of periodic MIS reports
• The preparation and distribution of regulatory and mandatory control reports
• Any other duties or ad-hoc projects as required

Your skills and experience

• Relevant experience in a similar role in investment banking or corporate banking administration
• A good understanding of the global financial services industry, Fixed income, and Debt Capital Markets
• A practical knowledge of banking operations
• Experience in administration operations
• Basic accounting knowledge and / or strong reconciliation skills
• Experience at interacting widely through a financial services organization
• The ability to work under pressure, handle multiple priorities and work as part of a team as well as individually
• Fluent written and spoken English is essential
• Additional European language skills including German, Spanish, Italian, French and Russian would be beneficial but not essential
• Experience in using Sales force will be a plus

You will be:

• An effective and concise communicator, both verbal and written
• Numerate and analytical with strong attention to detail
• Able to interact with people from different business/disciplines acting consistently throughout the organization.
• A team player with strong communication skills, a proactive mind-set and a professional attitude to delivery and client-focus
• Able to work in a challenging and rapidly changing business environment
• Able to adapt to complex financial and operational matters
• PC literate with good working knowledge of Microsoft Office products particularly MS Excel. Parts of the role will be using internal systems for which training will be provided
• Educated to degree level or similar

How we\xe2\x80\x99ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams Please visit our company website for further information: https://www.db.com/company/company.htm Our 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 Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.