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Posted on 2 April 2020 | 2:40 pm
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KYC/Financial Crime Risk Controls Specialist (f/m/x) [Role: Sales Coverage Support Lead]
Deutsche Bank
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KYC/Financial Crime Risk Controls Specialist (f/m/x) [Role: Sales Coverage Support Lead]

Deutsche Bank

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Details
Posted:
September 19, 2023
Location:
Berlin, Germany
Salary:
Open
Type:
Full Time
Job Description:

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
  • Demonstrable project management experience required. Strongly quality-driven; prior Quality Assurance experience highly preferable
  • 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
What we will offer you:

https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/

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

Our values define the working environment we strive to create - 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.

Internal Number: 20280200
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