The Corporate Bank was set up independently in 2019 and is now at the center of Deutsche Bank's new strategy. The Corporate Bank is a leading global provider of cash management, trade finance and securities services, delivering the full range of commercial banking products and services for both corporates and institutions worldwide.
The Know Your Client (KYC) Center of Excellence (CoE) team in Berlin, Jacksonville and Mumbai acts as a central function within Institutional Cash Management (ICM) & Trade Finance Financial Institutions (TFFI) for our Correspondent Banking clients. The team is tasked with providing vital levels of KYC due diligence and Financial Crime Risk review and support within the overall Client Lifecycle. As its primary mandate, CoE performs Name List Screening (NLS) and Account Activity Review & Analysis (AAR) as well as transaction related financial crime risk controls (FCRC). This ensures timely identification and escalation of potential Sanctions & Embargos and Financial Crime & Money Laundering related risks.
Today's regulatory and compliance environment requires a robust and efficient KYC process and strong non-financial risk management, making the role an important part of the first line of defense within the business.
Your key responsibilities
Investigates and analyses alerts output, generated by the firm's strategic filters & screening tools, to identify matches that require escalation to the line of Business (KYC Officers, Accountable Client Owners (ACOs) & the Divisional Control Office (DCO)) as well as Anti Financial Crime (AFC)/Compliance and takes part in in-depth discussions as required
Investigates client transactional behavior in order to identify and document transactional outliers against expected client transactional activity behavior, in line with Risk Appetite Statement and relevant KODs/KOPs
Performs 4-Eyes Reviews of team output - Ensures correct, clear and structured analysis and documentation of team deliverables for management, internal & external stakeholders and audit
Performs in-depth reviews of the risk mitigation processes conducted in CoE, incl. Quality Assurance of the KYC Summary and Financial Crime Risk Controls
Documents accurately Account Activity Review results, gives feedback and communicates findings to relevant stakeholders and escalates, monitors and follows up on necessary improvements, in order to ensure accurate adherence to the global requirements
Acts as Point of Contact (PoC) within CoE on quality-related questions plus suggestions for further improvements on CoE related review processes. Leads/participates in local & global initiatives in close collaboration with Leads and other stakeholders (Senior Management, ACOs, DCOs, Audit, etc.) and performs delegate function during absences of Team Leads
Leads the identification and implementation of process improvements and documentation, interprets latest Key Operating Procedures/Documents and KYC Guidelines and provides guidance to the team and function, if required, in liaison and agreement with KOP/KOD owner by ensuring approach is aligned and quality requirements are met
Your skills and experiences
University degree in Finance, Law, Economics, Business Administration, Banking, or other relevant fields and/or equivalent professional experience required; 5+ Years of prior experience in Compliance, Anti Money Laundering, Transaction Monitoring, Know Your Client, Audit, Risk, or other related roles required, ideally within large international Financial Institutions, with a focus on Correspondent Banking
Excellent ability to filter large volume of data & information for relevance against established criteria. Very strong research and analytical skills, combined with a strong sense of risk awareness
High attention to detail, accuracy, diligence, and the ability to deliver high quality results within tight deadlines. Very strong communication and training skills, with the ability to convey the required messages across all stakeholder groups and management levels
Team player with strong work ethics, able to motivate others and work independently and eager to work and collaborate within a multicultural and diverse environment
Fluent communication skills in written and spoken English required, German beneficial
Profound command of MS Office applications (Excel, Word, PowerPoint, Outlook), VBA knowledge beneficial
Please note that this may vary slightly from location to location.
In case of any recruitment related questions, please get in touch with Mihriban Solak.
Contact: Kimberly Michel, Phone: +49 69 910-47920
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