Job Title: Know Your Client (KYC) Analyst, NCT
Location: Pune, India
Role Description
- In accordance with Anti-Money Laundering Requirements, Banks are obliged to perform Know-your-client (“KYC”) reviews on all new and existing clients. These checks and reviews are made in strict accordance with regulatory standards and jurisdictions and the bank’s internal policies..
- The KYC Analyst 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 of retail clients.
- The project involves verification of the Client data, performing due diligence checks on the Clients, reviewing KYC documentation, performing the risk assessment of the Client, liaising with the Business/Compliance, advising on KYC requirements and signing off on new client adoptions.
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
- Responsible for verification of Client data
- Perform due diligence of new and existing Retail clients
- Verifying KYC documentation of the Clients to be adopted/reviewed
- Perform the risk assessment of the Client to be adopted/reviewed
- Signing off on new client adoptions and Regular reviews
- Manage New Client Adoption or Regular Review stream, to ensure that all requests are approved in accordance with regulatory requirements and the bank’s internal policies
- Manage exception ensuring that all SLA’s defined with the Business on timeliness and quality are adhered
- Preparing timely reports and MIS for various stakeholders.
Your skills and experience
- Preferred 1 to 2 years of work experience in AML/KYC for Retail Clients/compliance within corporate financial services industry, Research/Analytics role in other Banks / KPOs.
- Understanding of Control, Compliance, Investigation/chasing functions in banks
- Familiar with AML/KYC regulations and industry guidelines
- Ability to interpret regulatory guidelines and assessing risk scores and entity types
- Ability to interpreting alerts
- Ability to identifying trends and inconsistencies
- Understanding of end to end KYC process
Communication and Reasoning skills
- Good German Language Skills Written & Verbal – B2.2 equivalent or above is preferable
- Good reading, comprehension, and critical reasoning skills
- Good analytical writing skills
- Good communication skills to communicate at all levels - onshore & stakeholders
Soft Skills
- Ability to work independently and take ownership
- Flexibility while handling multiple cases of varying priorities
Willingness to work in shifts
- Graduates with good academic records
- Exposure to draft procedures based on policies formulated by the Bank's AML Compliance departments.
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 at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.
Skills Required
- Graduation with good academic records
- Understanding of AML/KYC regulations and industry guidelines
- Ability to interpret regulatory guidelines and assess client risk scores and entity types
- Ability to interpret alerts and identify trends and inconsistencies
- Understanding of the end-to-end KYC process
- Good reading, comprehension, critical reasoning, analytical writing, and communication skills
- Ability to work independently, take ownership, and manage multiple priorities
- Willingness to work in shifts
- One to two years of AML/KYC, compliance, research, or analytics experience in banking, financial services, or KPOs
- German language proficiency at B2.2 level or above
- Understanding of banking control, compliance, investigation, and chasing functions
- Exposure to drafting procedures based on AML Compliance policies
What We Do
DWS Group (DWS) with EUR 933bn of assets under management (as of 30 June 2024) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines. We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach. DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,500 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.
