KYC Quality Assurance - Subject Matter Expert, AS

Job Title – KYC Quality Assurance, SME, AS

Location – Mumbai, India

Role Description

Private Bank, Business Risk & Controls (BRC) function provides assurance to stakeholders as to whether DB’s KYC files reviewed meet the standards defined in the KYC Policy – DB Group and local requirements (where applicable) through an independent assessment of KYC file, including ascribed Client Risk Ratings and Due Diligence activities undertaken by the Business to manage Financial Crime Risks presented by the Client. 

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

The role’s key responsibility is to participate in the implementation of a globally consistent Quality Assurance (QA) framework to assure that KYC controls are robust and correctly executed across the bank. You will report to the BRC KYC QA Global Team Lead, in terms of guidance and authority and is guided by him/her in terms of strategic issues, compliance, etc. However, you should be able to independently interact with Internal/External parties and is expected to be aware of the changes in the regulation.

Your key responsibilities will be to:

• Operate as a KYC Quality Assurance SME with the Private Bank KYC QA function

• Support the QA Team Lead in DIPL to implement a globally consistent KYC QA Program.

• Review KYC files on a sample basis by applying the QA methodology to deliver an objective review of client files for APAC locations.
• Identify risks within the KYC documentation and confirm issues have been remediated and/or appropriately escalated through the escalation process.
• Sustain to a culture of teamwork and collective achievement of departmental goals and objectives across QA & CLM teams

• Ensure that QA is performed in compliance with the relevant policy, procedures, and testing standards.

• Interactions with key stakeholders across the business and collaborating with other teams as required.

• Prepare reports and MI which are concise, timely and provide value to business and management to continuously improve KYC controls and mitigate risks.

• Compiling reports and trend analysis in preparation for discussion with key Stakeholders, identifying key issues and areas for improvement.

• Maintain the Private Bank KYC QA approach and methodology consistent and up to date.

• Keeping abreast of all regulatory developments which may impact monitoring requirement.

• Assist on projects as required

Your skills and experience

• Experience working in financial crimes in a financial institution.

• Working knowledge of international banking business and products. US Wealth Management KYC experience is preferred.

• Experience with regulators and managing regulatory examinations

• Experience of working within a multinational organisation(s)

• Good understanding and application of relevant AML & KYC regulation and legislation.

• Understanding and application of relevant AML & KYC regulations and legislation will be given preference (including but not limited to; the German AML Act, the German Banking Act, 3rd AML EU Directive, 4th AML EU Directive, US BSA and other supporting regulations worldwide);

• Strong communication skills, both written and verbal, with an ability to communicate effectively with Compliance, the line of business, and technical team members, with the ability to influence stakeholders;

• A basic understanding of financial crime risks and internal controls

• Analytical, with the ability to provide practical solutions for minimizing risk;

• Able to work independently to manage projects and deliverables to completion;

• An enthusiastic team player; able to build strong, open dialogue-based relationships with relevant Stakeholders;

• Action oriented with a strong focus on completing tasks accurately and efficiently whilst working independently and with minimum direction;

• Able to remain calm under pressure while maintaining high energy levels;

• Able to manage many competing deliverables effectively for on-time delivery;

• Self-starter and able to recognize opportunities for improvement and to act on those opportunities;

• Computer literate and conversant with Excel, Word, Powerpoint and Access

Your Qualification

Graduate (BA/ BS / B.Com, etc.) with 8+ years’ experience in the relevant field

Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

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:

https://www.db.com/company/company.html

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.