Regulatory Control Analyst, NCT

Job Title: Regulatory Control Analyst, NCT

Location: Bangalore, India

Role Description

The candidate for the AFC Centre of Excellence for KYC is supporting CB and IB KYC escalations to AFC, collaborating with the relevant Business stakeholders, Client Lifecycle Management and other AFC functions. Primary focus of the reviewer would be to ensure they review and approve the risk factor highlighted by CLM team as part of NCA/EDR/PRs

Organization

• Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud & Investigations (AF&I) and wider Financial Crime (collectively referred to as Anti Financial Crime) prevention.
• The Management and all employees are required to adhere to these standards to prevent DB and our reputation from those who may intend to use our products and services for money laundering, bribery, corruption, fraud and/or Terrorist Financing (TF) purposes.

AFC KYC COE

• Implement a dedicated Centre(s) of Excellence for the AFC element of the KYC file review, allowing customers to be reviewed once in review cycle. Below are some of the key principals.
• Achieve economies of scale through the creation of one functional team with sophisticated risk managers, under one global leader who is accountable for the AFC KYC file review and sign-off process.Ensure fulfilment of local regulations and regulatory expectations in an efficient, risk focused manner.Ensure sufficient resources to create and effectively maintain a follow the sun KYC file review aligned with ACO availability.Seek opportunities to geographically co-locate the CoE with respective 1LoD counterparties (i.e. align with the 1LoD Target Operating Model) to stimulate cooperation and strengthen the relationship

Your key responsibilities

• Review and approve client escalations for Remediation, Regular Review, New Product Extensions and Event Driven Reviews within the agreed SLAs?
• Ensure the generated client risk rating is in line with expectations & procedures.?
• Assess the risk factors identified through the due diligence provided by client lifecycle management (CLM)?
• Apply subject matter expertise judgment as to relevance and/or materiality of Escalation triggers; i.e., can the overall assessment be defended?
• Engage with appropriate BLAFC specialist team where further escalation is required e.g., local BLAFC, AFBC, Sanctions, BIU etc.. ?
• Liaise with CLM to obtain additional information or request ACO to conduct additional research where required?
• Ensure outcome and rational is clearly documented within the KYC systems and / or escalated for further guidance?
• Ensure that KYC reviews undertaken are in line with the KOPs guidelines and processes
• Contributing to the wider global KYC Centre of Excellence programme, identifying best practices
• Deciding on new or existing clients that are escalated or deciding to escalate further to Governance Forums for review.
• Defining and implementing strategic TOM in-line with local/regional/global standards and change programmes.

Your skills and experience

Skills:

• Ability to identify and manage financial crime risks arising from regular reviews, event driven reviews, new client adoptions and new product extensions
• Strong communication, organizational, and interpersonal skills with the confidence to engage and advise professionally and persuasively with stakeholders.
• Proven analytical skills, problem solving ability, and a control mindset paired with meticulous attention to detail.
• Able to raise sensitive or potentially contentious issues in a constructive manner to reach appropriate solutions.
• Deadline driven with the ability to multi-task and work in a fast-paced environment.
• Ability to handle time-sensitive projects while focusing on the quality of work delivered.
• Self-motivated and proactive team player who takes ownership of assignments, thrives in a teamwork-oriented environment, and works well under pressure.
• Ability to work with various stakeholders across all 1LoD and 2Lod and manage expectations, without impacting the quality output.

Experience:

• Must be a graduate with any stream with at least 2-3 years experience in AFC or a related control related function within an international organization/bank in the Financial Services industry with extensive experience with the KYC process.
• People having a degree or diploma in AML/KYC will be preferred.
• A strong track record in risk and regulatory matters, ideally including:
• Good understanding of AFC risks and typologies in order to identify areas or instances of potential AFC risks and to address them appropriately.
• Experience of relevant regulations/laws and related circulars
• Financial Crime function expertise and should be considered a Subject Matter Expert (SME) in the Financial Crime area on relevant laws and regulations.
• Should be flexible with respect to work timings.
• Should be comfortable in working on MS Office tools using word and excel.