Equity Post Trade Client Onboarding Specialist - Associate

$48,000 - $68,800/Yr

DB USA Core Corporation - Jacksonville, FL

Full-time - Entry Level

Remote - Jacksonville, FL

Funds, Trusts, and Other Financial Vehicles

About the position

The Equity Post Trade Client Onboarding Specialist role at Deutsche Bank is a critical position that focuses on ensuring compliance with Anti-Money Laundering (AML) requirements through thorough Know-Your-Client (KYC) reviews. As an Associate in this role, you will be responsible for conducting KYC due diligence on new clients and performing periodic reviews based on their risk categories. This involves verifying client data, performing due diligence checks, reviewing KYC documentation, and assessing risks associated with clients. You will work closely with various teams, including Business and Compliance/AML, to ensure that all KYC requirements are met in accordance with regulatory standards and the bank's internal policies. In this position, you will prioritize onboarding for the post-trade Equities business, while also supporting Fixed Income as time allows. Your responsibilities will include analyzing AML risks, escalating potential risks and operational issues, and effectively communicating with key stakeholders to resolve issues collaboratively. You will also be tasked with identifying 'red flag' situations and implementing necessary changes in static data while handling sensitive client information with confidentiality. The role requires a strong understanding of the end-to-end KYC and client onboarding processes, as well as a basic understanding of stocks and banking products. Attention to detail, strong analytical skills, and effective communication abilities are essential for success in this position. You will be expected to work independently, take ownership of client cases, and share knowledge with team members to achieve collective goals. An AML qualification or a postgraduate degree in Compliance is desirable but not mandatory.

Responsibilities

• Responsible for priority onboards for post trade Equities business with Fixed Income supported as time allows.
• Undertake KYC due diligence reviews in a timely manner, as per Deutsche Bank policies.
• Analyze AML risks associated with the client and escalate potential risks and operational issues.
• Work effectively with key stakeholders using strong influencing skills to ensure the mutually satisfactory resolution of key issues and that the respective responsibilities are understood, agreed, and escalated when required.
• Identify ‘red flag' situations and escalate in line with Deutsche Bank policies and procedures.
• Implement any required change in static data and resolution of any matters arising from the review while appropriately and confidentially handling/sharing sensitive client data.

Requirements

• Understanding of the end-to-end KYC and client onboarding processes.
• Basic understanding of stocks, corporate and wholesale banking products.
• Attention to detail, strong analytical and problem-solving skills.
• Effective communication skills at all levels and across all internal and external stakeholders' groups.

Nice-to-haves

• Able to work independently and take ownership of client cases.
• Able to transfer knowledge and expertise to fellow team members.
• Able to work collaboratively in a team and a matrix organization towards achieving collective goals.
• AML qualification (e.g. CAMS) and/or postgraduate Compliance degree is desirable.

Benefits

• A diverse and inclusive environment that embraces change, innovation, and collaboration.
• A hybrid working model, allowing for in-office/work from home flexibility, generous vacation, personal and volunteer days.
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement.
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits.
• Educational resources, matching gift and volunteer programs.