Client Implementation Analyst, AS

Job Title: Client Implementation Analyst, AS

Location: Mumbai, India

Role Description

• International Private Bank is one of the pre-eminent private banks in the Eurozone and for family entrepreneurs worldwide. It serves around 3.4 million clients, including private clients and small and medium-sized enterprises (SMEs) in Italy, Spain, Belgium and India, and wealth management clients from more than 80 locations in Germany, the rest of Europe, the Middle East and Africa (EMEA), Asia-Pacific and the Americas.
• It offers high-net-worth (HNW) and ultra-high net-worth (UHNW) clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of wealth management. Additionally, in Italy, Spain, Belgium and India it offers a comprehensive range of products including investment and insurance products, deposits, checking accounts, cards and other payment services as well as credit and business banking products.

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

As part of the Deutsche Bank IPB, we are seeking to hire qualified candidates to handle the following functions:

• Client Data Collection, Documentation & Maintenance as part of new adoption / during periodic reviews.
• Should also know the due diligence required to establish the correctness/validity of documents.
• Know your client verification checks.
• Risk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clients.
• Liaise with different stakeholders to manage work pipeline effectively.
• Provide general support to Relationship Managers and Client Service Executives in their day-to-day responsibilities. Liaising with other Teams as and when required.
• Activation of new Client accounts, completion of static data changes in Avaloq(core banking system used) and apply the correct attributes to each.
• Manage account closure when required. Ensure the required complete documentation has been obtained from clients. Liaise with relevant departments to ensure the effective completion of the account closure.
• Perform MI tasks on month end and on an adhoc basis.
• Uphold the highest conduct and regulatory standards to ensure all regulatory and compliance policies and procedures are met to mitigate risks and ensure that the Bank is fully protected.
• Uphold the highest Private Banking standards for service quality.
• Provide clear and confident communication.
• Proactively look to streamline processes and promote initiatives to improve both client experience and remove internal deficiencies.
• Support any department initiatives as required beyond the day-to-day function.

This role would require:

• Ability to understand complex ownership structures – especially for non-traditional PB clients such Charities, Foundation, Trusts, Private Equity Funds and also Private Investment Companies (PIC),
• Detailed initial review of KYC file, identifying gaps in the Front Office submissions and clearly articulating why the submitted files meet (or do not meet) KYC and regulatory requirements.
• Understanding the various sources of wealth generation for the client and analysing the information.
• Ensuring that cases are prioritised and managed effectively and consistently in line with the agreed process and deadlines.
• Independent and proactive liaison with Front Office and Anti Financial Crime function to ensure full transparency and improve turn-around times.
• Perform name screening of clients and related parties to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimes.
• Escalate high priority client / business issues in a timely manner to protect the franchise and the client business.

Your skills and experience

A Post-graduate/Graduate degree in Finance, Business or Economics with a deep understanding of AML, KYC, Financial crimes, and other regulatory requirements (preferably Private Banking) is what we are looking in the ideal candidate. Due to the nature of the job you should have the following skill sets:

• Relevant experience in Client On-boarding processes/Periodic KYC review and requirements (preferably UK region).
• Proven track record as a strong contributor and able to work in virtual global teams and a matrix organization.
• Ability to work independently, as well as in a team environment, initiative driven and proactive approach, prioritizes multiple tasks, and meets strict deadlines.
• Experience in documenting processes to comply with the regulatory guidelines
• Excellent communication skills, (written and verbal) with an open-minded approach and the ability to share information with stakeholders and Team members.
• Proactively communicate with front office on deficiencies and/or next steps of KYC requirement.
• Experienced in using the following tools – Avaloq, RDC, NLS, eKYC.

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:

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.