Know Your Client (KYC) Client Onboarding Analyst

Deutsche Bank - Jacksonville, FL3.9

Job ID: 3183630 Full/Part-Time: Full-time
Regular/Temporary: Regular Listed: 2019-02-06
Location: Jacksonville, United States of America


Operations provides support for all of Deutsche Bank’s businesses to enable them to deliver transactions and processes to clients. Our people work in established global financial centres such as London, New York, Frankfurt and Singapore, as well as specialist development and service centres in locations including Bucharest, Moscow, Pune, Dublin and Cary. We process payments in excess of a trillion euros across the bank’s platforms, support thousands of trading desks and enable millions of banking transactions, share trades and emails every day.

A dynamic and diverse division, our objective is to make sure that all our services are executed in a timely and professional manner, that risk is minimised and that the client experience is positive. We are proud of the professionalism of our people, and the work they do. In return, we offer excellent career development opportunities to foster skills and talent.

Position Overview

Job Title: Know Your Client (KYC) Client Onboarding Analyst
Location: Jacksonville, FL

About Deutsche Bank

We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.

Role Summary

In accordance with Anti-Money Laundering (AML) Requirements, banks, such as Deutsche Bank AG, are obliged to perform Know-Your-Client (KYC) reviews on all new clients they adopt and periodic reviews of these clients as per their risk category. These checks and reviews are made in strict accordance with regulatory requirement and the Bank’s internal policies. Responsibilities of KYC Analyst include verification of client data, performing due diligence checks, reviewing KYC documentation, risk assessment, liaising with the Business and Compliance/AML teams and advising on KYC requirements.

Key Responsibilities:
Perform new client adoptions and periodic reviews for clients by confirming KYC data requirements, collecting relevant KYC information, undertaking research via internal and external sources, and gathering and analyzing KYC documentation in accordance with regulatory and the Bank’s AML policy requirements
Classify clients from a risk and regulatory perspective
Undertake KYC due diligence reviews in a timely manner, as per the Bank’s policies
Analyze AML risks associated with the client; potential risks and operational issues should be identified and escalated as appropriate
Work effectively with key stakeholders using strong influencing skills to ensure the mutually satisfactory resolution of key issues and that the respective responsibilities are understood, agreed, and escalated where required
Identify ‘red flag’ situations and escalate in line with the Bank’s policies and procedures
Appropriate and confidential handling / sharing of sensitive client data
Ensure KYC documents are indexed and loaded in the document image system that validate the risk profile for the customer
Implement any required change in static data and resolution of any matters arising from the review
Contribute ideas and participation to further improve and streamline the KYC processes


You will have:
Previous relevant work experience (AML/KYC/compliance related) within the corporate financial services industry and/or research/analytics role in other banks or financial institutions
Familiarity with AML/KYC regulations and industry guidelines (FSA, JMLSG, 3rd EU Money Laundering Directive, MiFID, US PATRIOT Act, US Bank Secrecy Act, US Foreign Corrupt Practices Act (FCPA) and UK Bribery Act)
Understanding of Control, Compliance/AML and Investigation functions in the banking industry
Understanding of the possible implications of financial sanctions on banks and financial institutions (OFAC, HM Treasury, European Union and United Nations sanctions)
Understanding of the end-to-end KYC and client on-boarding processes
Strong research background and ability to understand the implications of financial sanctions on individuals/blocked person’s/Specially designated nationals (SDN’s) and risks of dealing with them
Ability to understand the risks of dealing with politically exposed persons (PEP’s) and regulatory expectations around dealing with PEP’s
Understanding of sourcing information from various data sources, (Bloomberg, Factiva, Lexis Nexis etc.) and in several cases utilizing financial reports and audited statements for such purposes
Basic understanding of stocks, corporate and wholesale banking products
Ability to interpret regulatory guidelines and assessment risk scores
Ability to interpret alerts, identify trends and inconsistencies
Strong reading, comprehension and critical reasoning skills
Attention to detail, strong analytical and problem solving skills
Effective communication skills at all levels and across all internal and external stakeholders groups
Proficient with MS Office applications
Expertise in web search techniques
Ability to recognize issues and troubleshoot appropriately
Ability to translate and apply policies into routine processes


You will be:
Able to work independently and take ownership of client cases
Open minded, able to share information, transfer knowledge and expertise to fellow team members
Excellent team player, able to work collaboratively in a team and a matrix organization towards achieving collective goals
Fluent in both written and verbal English (additional languages are an advantage)

Bachelor’s degree from an accredited college or university (or equivalent)
AML qualification (e.g. CAMS) and or post graduate Compliance degree is an advantage

For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the “ EEO is the Law ” poster and pay transparency statement.