Private Bank - Client Lifecycle Management, AVP

Position Overview

Details of the Division and Team:

About the division

The Private Bank (PB) combines Deutsche Bank’s private client’s business in Germany and its international business with private and commercial clients together with Wealth Management in a single division.

As a trusted partner of high-net-worth individuals and companies, family offices and foundations, we create lasting value for our clients by developing tailor-made solutions such as wealth planning, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network and our many years of experience.

About the role

Client Lifecycle Management is a key first line of defense within a business line from a service and risk management perspective.

The role holder will work closely with the local Front Office team (Business Head, Team Heads, Relationship Managers (RM), Client Service Executives), Compliance, Legal, Anti Financial Crime (AFC) and Business Management Team. In addition, the role holder will work with the stakeholders (including CLM, Operations, Compliance and AFC) at the relevant Booking Centers, mainly Switzerland.

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:

• Life Insurance

• Accidental Death Insurance

• Permanent Partial Disability Insurance

• Private Medical Insurance for you, your spouse and dependent children

• Flexible working arrangements

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

• DB contributions to DIFC Employee Workplace Savings (DEWS)

Your key responsibilities:

• Responsible for end to end on-boarding new clients and support KYC periodic/event driven review of existing clients in a high quality and timely manner.
• Liaise effectively with client-facing teams (local & Booking Centre); provide strategic guidance as needed around preparation of client documentation, account opening policies, processes and KYC/AML standards.
• Conduct full due diligence with respect to new and existing relationships for the enforcement of controls associated with Know Your Client (KYC) governing documentation for various account types – individuals, legal entities and Anti Money Laundering (AML) regulatory requirements.
• Conducting research on new and existing clients, obtaining information from public sources, screening natural persons/entity names against sanctions, adverse news and politically exposed person lists (PCR/Lexis Nexis).
• Collect and verify/corroborate KYC/AML related documentation to perform required regulatory screening. Escalate due-diligence findings to Senior Management and Compliance/AFC where applicable.
• Central point of contact for the Front Office and internal stakeholders (Documentation Unit, AFC/Compliance, Legal and Middle Office Operations) concerning client on-boarding queries and status updates until final client adoption/review locally and at the respective Booking Centers.
• Preparation of comprehensive account opening pack for Business/Compliance/AFC sign offs.
• Handle/oversight of account maintenance activities, – passport expiry, and documentation deferral tracking until resolution.
• Maintain DB DIFC Client database with on boarding details.
• Support Business management Team in Regulatory Reporting and Reconciliation of client list with booking centers on a quarterly basis.
• Remain current and thorough on operational processes, services and Firm’s systems/applications as applicable in DB DIFC and Booking Centers.
• Ensure adequate support is rendered during regulatory and internal audits.
• Complete remediation/other projects as and when applicable within the stipulated deadlines.
• Highlight any suspicious activity to Head of Business/Business Manager/Office Manager in a timely manner.

What we look for:

• Motivated professional who like to work in a team, have excellent interpersonal skills and willingness to learn.
• You should not only be passionate about financial topics and the capital market but also have a strong interest in expanding your knowledge on Private Bank business.
• You can build on your outstanding academical achievements and benefit from working in a professional and diverse environment with some of the best minds in banking.
  

Your skills and experience:

• Education: Bachelor degree in economic or financial a must - Master degree a plus.
• Experience: 3 to 10 years of experience in Client Onboarding / CLM position in an International Private Bank.
• Language: Fluent English skills
• MS Office Proficiency: Advanced skills in using Excel/PowerPoint/Word
• Communication Skills: Excellent written and verbal communication skills for interacting with diverse stakeholders.
• Interpersonal Skills: Ability to build relationships, work effectively in teams, and collaborate with others across different locations.
• Problem-Solving Skills: Ability to identify and solve problems, often under pressure.
• Time Management: Ability to prioritize tasks, manage time effectively, and meet deadlines.
• Adaptability: Willingness to learn new skills and adjust to changing priorities and situations.
• Analytical skills: Superior analytical skills (including data analysis) as well as being detail-oriented on both strategy and execution.
• Regulator: Knowledge of DFSA Client Classification Requirements preferable

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

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.

With that, we extend a warm welcome to candidates with disabilities to apply.

Our Bank is committed to ensuring equal opportunities and will facilitate a productive and harmonious work environment for all.

We encourage talented individuals seeking a professional setting that values and accommodates diverse capabilities to submit their applications and be part of our shared commitment to fostering inclusiveness.

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.