Know Your Client (KYC) Analyst

Position Overview

The Know Your Client (KYC) Analyst focuses on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions. The KYC Analyst provides 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.

The KYC Analyst also assists the bank’s clients, managing all KYC and account opening requirements with appropriate governance and controls. They operate in an environment of strict adherence to Standard Operating procedures (‘SOP’s) and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening to help execute trades.

The role holder will be required to assist the COB Manager in acting as a key point of contact to all client on boarding stakeholders for the location. There will be a strong focus on relationship management with key business managers as well as representative’s from AML, Compliance, Credit and Legal.

The role holder will be required to:

• Understand DB KYC/COB Policies and preferably central bank rules and regulations relating to KYC/AML.
• Perform all KYC related activities (incl. due diligence, outreach, co-ordination with Business, AFC) to ensure smooth and prompt service to customers and meticulous compliance of Bank’s internal & regulatory directives.
• Hands-on with static data set-up performed in KYC and downstream systems. Ensure that Account Opening / Closing is done in line with the policies and procedures.
• Maintain effective relationships with business managers, AML, Compliance, Credit, Management and other Back Office areas.
• Collaborate with both business and COB analysts with the resolution of complex and special case issues.
• Prepare MIS per business, regulatory and internal reporting expectations.
• Work with on boarding process stakeholders with regards to identifying process inefficiency (and deficiency) and contribute to the overall reduction in turnaround times.
• Recognise any key emerging risks that may exist within the scope of on boarding and work with relevant stakeholders (including control) to ensure they are flagged and mitigated.
• To play a key role in ensuring compliance to SLEs over the Business As Usual Processes (KYC and CAM).
• Assist the COB Lead/Manager during internal/external audits and KYC related queries from the local regulators
• General KYC documentation handling /scanning and filing of physical documents
• Stays abreast on AFC related regulatory changes and industry trends and topics to ensure the quality of the CDD operation meets policy requirements
• Analyses AFC risks associated with the client from a technical perspective, identify and escalate potential risks and operational issues as appropriate
• Adheres to the DB values and beliefs and works in line with internal policies and guidance and regulatory requirements
• Monitoring the queue and checking the status of KYC cases
• Assist on key COB projects and initiatives
• Any other tasks that maybe assigned to them by the COB Manager or the Head of Operations
  
  
  

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, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.