KYC Officer AVP/ VP

  • Negotiable
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Deutsche Bank - US
  • 15 May 18 2018-05-15

This Client KYC (Know Your Customer) position supports the GTB, Institutional Cash Sales and Client Management team covering financial institution clients within the Americas. The position works directly with the Accountable Client Owner (ACO) responsible for the client relationships with our correspondent banking clients to complete client KYC adoptions and reviews, ensuring strict adherence to Deutsche Bank's KYC / Anti Money Laundering (AML) Compliance requirements.

The role also fulfills important support functions in the non-financial risk management of client relationships, such as analysis of clients' transaction flow. Today's regulatory and compliance environment requires a robust and efficient KYC process and strong non-financial risk management, making the role key to the first line of defense role of the business.

Fluency in written and spoken English and Spanish required (Portuguese, a plus)

  • KYC Risk Management including active client research, screening prospects before on-boarding, supporting the ACO in presentation of clients in relevant internal committees and completion of AML country overviews
  • Request submission of documents from clients according to periodic review timelines and follow up to ensure complete and timely delivery, fill in relevant KYC forms / systems, and update of client KYC profiles driven by material events such as change of client name, ownership or negative news etc.
  • KYC-related client discussions and AML interviews for periodic review and new client adoptions
  • Conduct and assess Account Activity Reviews for continuous monitoring of clients' transaction flows
  • Liaise with Client Service team for review of the quality of clients' AML field inquiry responses; coordinate with local Compliance and other GTB / CIB / Infrastructure areas on client KYC issues as required
  • Assist with account related legal documentation - liaise with clients for legal agreements and non-KYC documentation
  • MIS Management - support KYC aspects of regular and ad hoc MIS reporting / analysis
  • Organize and conduct training sessions, road shows, workshops / seminars for clients on non-financial risk KYC / AML topics
  • Visit clients periodically to maintain relationships with the KYC / Compliance officers of the clients, and conduct on-site AML discussions

Professional and personal requirements:

  • Recognized university degree and / or equivalent professional experience
  • Several years of experience in Correspondent Banking / Institutional Cash Management / Compliance in a large financial institution preferred
  • Very good understanding of KYC laws / regulations, compliance risk as well as non-financial risk, and documentation aspects of KYC process for correspondent banking relationships
  • Pronounced risk management capabilities and AML analytical skills
  • Strong writing skills, capability to document relevant information in a clear, structured and comprehensive way
  • Excellent communication skills and the ability to build and maintain relationships with colleagues and clients at all levels of seniority
  • Team player with strong work ethics
  • Resilience and commitment, ability to plan, prioritize and work under pressure
  • Accuracy, diligence and the ability to deliver high quality results within tight deadlines
  • Strong analytical and organizational skills; a proactive and fast learner
  • Interested in the financial markets, current events, and news
  • Command of MS Office applications and general computer proficiency