KYC Approver (AML Business Risk)
Deutsche Bank is a leading global bank that provides financial services to individuals and institutions. The KYC Approver role involves performing due diligence reviews, ensuring compliance with AML regulations, and acting as a contact point for business partners regarding KYC processes.
Responsibilities
- Perform comprehensive due diligence reviews for all client types, including new client onboarding, event‑driven changes, and periodic reviews, in accordance with applicable laws, regulations, and firm policies
- Review of KYC documentation (including identity verification, Legal Entity documents, etc.) identification/verification data, and due diligence research for new and existing clients
- Ensure adherence to policies, regulatory framework, laws, and AML requirements. Adhere to deadlines associated with onboarding and monitoring within the KYC review process
- Act as a centralized contact point for business partners, including the Front Office Client team and KYC Case Managers, to provide guidance and ensure appropriate advice and support related to KYC processes, policies, and procedures
- Assist with Ad hoc projects designed to enhance the overall KYC experience/process and with audits, escalations, and investigations on KYC issues as needed
- Contribute to team development initiatives and projects
Skills
- Relevant experience in Onboarding, Compliance, Audit, Risk, or other Regulatory function
- Experience in client onboarding and KYC/AML environments with a strong knowledge of structures and documentation for various legal entities, including Trusts, LLCs, Partnerships, Corporations, etc
- Experience with AML, KYC and BSA risk issues for Private Banks preferred and prior experience in Wealth Management and with validation of documentation is a plus
- Knowledge of AML policies which govern banks; Know Your Client policy guidelines; 4th EU Money Laundering Directive, BSA, U.S.A. PATRIOT Act guidelines, etc. and strong knowledge of how Trusts, LLCs, Partnerships, Corporations, etc
- Excellent interpersonal skills and strong verbal and written communication skills, collaborate and work well within a team
- Demonstrate strong attention to detail and the ability to multitask and pivot as priorities evolve
- Ability to work well under tight deadlines for quick turnaround with a desire to go above and beyond to satisfy our clients with appropriate decision-making skills
- Strong research background and ability to understand implications of financial sanctions on individuals/blocked person's/Specially Designated Nationals (SDN's) and risks associated
- Experience with AML, KYC and BSA risk issues for Private Banks preferred and prior experience in Wealth Management and with validation of documentation is a plus
Benefits
- Health and wellbeing benefits
- Retirement savings plans
- Parental leave
- Family building benefits
- Educational resources
- Matching gift
- Volunteer programs
Company Overview