CB IB Operations

Details of the Division and Team:    

Know Your Client (KYC) is responsible for ensuring client onboarding and ongoing expectations are in line with regulatory standards and jurisdictions. Work includes:
•analysing information for close/open account determination

•Taking appropriate corrective action through client contact to verify legitimate usage

•Providing review and analysis of risky or exception conditions

•Providing regular communication to senior bank stakeholders on changes in KYC, Anti Money Laundering ('AML') and Anti Financial Crime ('AFC') areas and ensures any changes required are implemented with minimum disruptions.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Flexible benefits plan including virtual doctor consultation services

• Comprehensive leave benefits

• Gender Neutral Parental Leave

• Flexible working arrangements

• 21 days of annual paid leave, plus public holiday & Flexible Working Arrangement

Your key responsibilities:

The KYC & Client Data Operations – Singapore branch roles perform critical onshore control, governance and oversight functions, which is a MAS expectation when daily production activities have been offshored.

This includes:

• IDMS cash management platform "OnDemand" report checks – daily control to review account opening, maintenance, de-blocking and closure activities completed by offshore team, to ensure records appropriately maintained.

• Segregated duties – includes dbCAR updates to client name and address data (which will be under 2i / 4i control in near future, as part of CDM's drive for minimum data standard maintenance), whereas only IDMS updates managed offshore.

• Monitoring and follow up of control reports – including:

  • daily sDDA name reconciliations

  • daily DUCO / dbPAIR break ageing

  • weekly aged ESAWA requests from client mandate (AR / AS) updates

  • fortnightly Singapore SFA client classification non-compliant cases

  • fortnightly FATCA / CRS aged cases

Your skills and experience:

• Minimum a diploma in business administration or a related area

• Minimum 1 year of relevant work / internship experience in KYC or Compliance or in any regulatory role in financial services

• Experience in handling documentation work or governance and control process

• Attention to details and organizational skills  

• Communication and interpersonal skills.

• MS office such as Excel and PowerPoint skills.

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.

How we'll support you:

• Flexible working to assist you balance your personal priorities

• 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

• Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

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.