Know Your Client - Associate
About The Position
The Know Your Client (KYC) Associate at Deutsche Bank supports client onboarding and ongoing due diligence efforts to ensure compliance with regulatory and internal risk management standards. This role is responsible for conducting comprehensive KYC reviews, performing client risk assessments, and maintaining accurate client documentation in alignment with Anti-Money Laundering (AML) requirements. The Associate analyzes ownership structures, validates beneficial ownership, and identifies potential risks such as adverse media or Politically Exposed Persons (PEPs). In collaboration with front office teams and compliance partners, the position helps ensure timely completion of client reviews while maintaining high quality and regulatory integrity across the KYC lifecycle.
Requirements
- Ability to source information from various research tools (Bloomberg, LexisNexis, etc.), utilizing financial reports and audited statements to interpret alerts, identify trends, and source information
- Basic understanding of AML/KYC regulations and their impact on financial institutions, knowledge of Investment Bank and Corporate Bank products, and ability to perform quality checks/4-eye reviews on the KYC onboarding process while learning and applying Deutsche Bank Know Your Client framework standards for peer review and quality assurance
- Excellent interpersonal and communication skills, including experience dealing with senior management or executive-level staff, effective communication, and appropriate escalation of situations posing operational or reputational market risk
- Strong organizational skills, attention to detail, analytical abilities (including use of Microsoft Office), problem resolution/solving, and adherence to strict deadlines in a fast-paced, high-pressure environment
- Ability to work in a diverse environment requiring collaboration, partnership, and transparency, including leading projects or tasks through to resolution and building strong team and stakeholder relationships
Nice To Haves
- Strong knowledge of KYC/AML regulations and compliance frameworks, enabling accurate client onboarding, periodic reviews, and adherence to regulatory requirements
- Ability to conduct thorough due diligence and risk assessments, including analysis of ownership structures, beneficial ownership, and identification of PEPs
- Proficiency in research and investigative tools such as Bloomberg, LexisNexis, and financial reports to validate client information and identify potential risk indicators
- Excellent analytical, organizational, and attention-to-detail skills to review client data, perform quality checks, and manage multiple deadlines in a high-pressure environment
Responsibilities
- You will conduct full KYC reviews on all new client adoptions and/or periodic reviews of clients in accordance with relevant laws, regulations and firm policies as appropriate
- You will carry out KYC due diligence reviews in a timely manner to high quality standards, as per the Banks policies
- You will provide guidance to front office staff for timely collection of client information/documentation to ensure compliance with all relevant AML/KYC regulations, policies and risk management requirements
- You will investigate client data utilizing all available internal/external systems to develop a comprehensive analysis of who the client is and whether there are high risk factors
- You will review, investigate, and understand organizational structure, accumulation and domination methodologies to assist in determining ownership and control parties to identify all ultimate beneficiaries and potential PEPs
- You will coordinate and liaise with various departments (Anti-Financial Crimes, Negative/Adverse News Screening, Quality Control, etc.) to ensure quality files are produced
Benefits
- A diverse and inclusive environment that embraces change, innovation, and collaboration
- A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
- Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
- Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
- Educational resources, matching gift and volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
