Operations | FATCA Operation Analyst | 6 months contract

  • Competitve daily rate + Super
  • Sydney, New South Wales, Australia
  • Contract, Full time
  • Deutsche Bank (APAC)
  • 20 Sep 16

•The project involves verification of the Client data, performing due diligence checks on the Clients

Group Operations:

Our Operations group is a market-leading client services and transaction processing organization. We meet the technical and operational challenges of processing transactions worth hundreds of billions of Euros every day. We operate 24 hours a day around multiple time zones in all the major international currencies and markets across the globe. We work across a wide range of product groups, including derivatives, securities, global finance & foreign exchange, cash & trade loans and trust and securities services as well as cross-product functions.

About the project:

•In accordance with Anti-Money Laundering Requirements, Banks, such as Deutsche Bank AG ("DB"), are obliged to perform Know-your-client ("KYC") reviews on all new clients they adopt. These checks and reviews are made in strict accordance with regulatory requirement and the bank's internal policies
•The project involves verification of the Client data, performing due diligence checks on the Clients, reviewing KYC documentation performing the risk assessment of the Client, liaising with the Business/Compliance, advising on KYC requirements and signing off on new client adoptions
•FATCA impacts many areas within Deutsche Bank. Within Client On boarding it required significant changes to the New Client Adoption process starting July 1, 2014 and also it requires review and due diligence of all Clients with accounts on Deutsche Bank books as of July 1 ,2014 by July 1, 2016

Responsibilities:

•Responsible for client communications and query management.
•Responsible for verification of Client data.
•Responsible to create, validate and classify client for FATCA.
•Compare KYC related data with FATCA documents and escalate if any discrepancies found.
•Verifying FATCA documentation of the Clients to be adopted/reviewed
•Handle all customer- and contract related processes regarding request, verifications and modifications
•Manage New Client Adoption or Periodic Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the bank's internal policies
•Ensure effective and even distribution of workload on daily basis
•Prepare team members for Audit and ensure process readiness for Audits (Update KOP's)
•Handle one level escalation, for process related issues
•Liaise with FATCA programme team to share any risks/ issues and involve in planning risk mitigations/ workarounds.

Domain Skills:

•2 to 4 years of relevant work experience (AML/KYC/compliance related) within corporate financial services industry, Research/Analytics role in other Banks / KPOs etc.
•Good  knowledge of Control, Compliance, Investigation/chasing functions in banks
•Good Knowledge of AML/KYC regulations (FATCA etc.)
•Good  in interpreting regulatory guidelines and assessing risk scores and entity types
•Good  in identifying trends and inconsistencies
•Good understanding of end to end KYC process

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.

The successful applicant will be employed by a third party and therefore any personal information collected would be shared with the third party employer.