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Client KYC Officer Western Europe (f/m/x) Trade Finance Financial Institutions

Deutsche Bank
Frankfurt am Main, Germany
Closing date
Sep 26, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description:

Institutional Cash Management

Our global suite of cash management services offers a wide range of solutions to meet clients' specific requirements thereby providing them with the time and means to concentrate on their core business. Furthermore, our market leading products and services enable our clients to reduce transaction costs, consolidate operations and expand revenue opportunities. Our award-winning client service centres are in all the relevant financial centres worldwide, providing clients with access to an unrivalled global network.

The Client KYC Officer supports the Institutional Cash Management team covering financial institution clients domiciled in Western Europe. The position works directly with the Accountable Client Owner (ACO) responsible for the client relationships with our correspondent banking clients to complete client KYC adoptions and reviews, ensuring strict adherence to Deutsche Bank's KYC / Anti Money Laundering (AML) Compliance requirements. Further, the role also fulfils important support functions in the non-financial risk management of client relationships, such as analysis of clients' transaction flow. Today's regulatory and compliance environment requires a robust and efficient KYC process and strong non-financial risk management, making the role key to the first line of defence role of the business.

  • KYC Risk Management for high-risk and complex clients as part of on-going periodic review process
  • Direct client outreach, collecting information & documentation according to periodic review timelines and follow up to ensure complete and timely delivery, complete relevant KYC forms / systems and updating of client KYC profiles driven by material events
  • Regular KYC-related client discussions and AML interviews
  • Conduct and assess Account Activity Reviews for continuous monitoring of clients' transaction flows
  • Liaise with Client Service team for review of the quality of clients' AML field inquiry responses; coordinate with local Compliance and other GTB / CIB / Infrastructure areas on client KYC issues as required
  • Organize and conduct training sessions, road shows, workshops / seminars for clients on non-financial risk KYC / AML topics
Professional and Personal Requirements
  • First experience in Correspondent Banking / Institutional Cash Management / Compliance / KYC in a large financial institution preferred
  • Good understanding of KYC laws / regulations, compliance risk as well as non-financial risk, and documentation aspects of KYC process for correspondent banking relationships
  • Strong writing skills and fluency in written and spoken English and French required.
  • Excellent communication skills and the ability to build and maintain relationships with colleagues and clients at all levels of seniority
  • Accuracy, diligence, and the ability to deliver high quality results within tight deadlines combined with strong analytical skills and ability to work under pressure
What we will offer you

Please note that this may vary slightly from location to location.

In case of any recruitment related questions, please get in touch with Philipp Maaß.

Contact: Philipp Maaß (+49(151)1807-0552)

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

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