Client Due Diligence Analyst-Implementation

Job Title: Client Due Diligence Analyst-Implementation

Location: Pune, India

Role Description

• In accordance with Anti-Money Laundering Requirements, Banks are obliged to perform Know-your-client (“KYC”) reviews on all new and existing clients. These checks and reviews are made in strict accordance with regulatory standards and jurisdictions and the bank’s internal policies..
• The KYC Analyst assists the bank’s clients, managing all KYC and account opening requirements with appropriate governance and controls.
• They operate in an environment of strict adherence to Standard Operating procedures (‘SOP’s) and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening of retail clients.
• 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.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Responsible for verification of Client data
• Perform due diligence of new and existing Institutional clients.
• Verifying KYC documentation of the Clients to be adopted/reviewed.
• Perform the risk assessment of the Client to be adopted/reviewed.
• Signing off on new client adoptions and Regular reviews
• Manage New Client Adoption or Regular Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the bank’s internal policies.
• Manage exception ensuring that all SLA’s defined with the Business on timeliness and quality are adhered.
• Preparing timely reports and MIS for various stakeholders.

Your skills and experience

Domain Skills

• Mandatory 2 to 4 years of work experience in AML/KYC for Institutional Clients/compliance within corporate financial services industry, Research/Analytics role in other Banks / KPOs.
• Understanding of Control, Compliance, Investigation/chasing functions in banks
• Familiar with  AML/KYC regulations and industry guidelines
• Ability to interpret regulatory guidelines and assessing risk scores and entity types
• Ability to interpreting alerts
• Ability to identifying trends and inconsistencies.
• Understanding of end-to-end KYC process

Communication and Reasoning skills

• Good German Language Skills Written & Verbal – B2.2 equivalent or above is preferable.
• Good reading, comprehension, and critical reasoning skills
• Good analytical writing skills
• Good communication skills to communicate at all levels - onshore & stakeholders.

Soft Skills

• Ability to work independently and take ownership.
• Flexibility while handling multiple cases of varying priorities.

Willingness to work in shifts

• Graduates with good academic records
• Exposure to draft procedures based on policies formulated by the Bank's AML Compliance departments.

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm