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Business Risk Analyst - Assistant Vice President
Deutsche Bank
Jacksonville, FL, United States
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About Deutsche Bank
We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
Overview of Wealth Management
As the Wealth Management division of Private Wealth and Commercial Clients, our focus is to deliver a boutique wealth management experience while leveraging the vast resources available as being part of a global, universal bank. We have been serving the interests of ultra-high net worth persons, families and select institutions for more than a century.
Overview of
AML Business Risk (ABR)
AML Business Risk (ABR) is responsible for the end to end client on boarding process within the Private Bank of Wealth Management Americas. The team is responsible for the review of client information and documentation (including KYC, account opening, and Tax documents) to ensure compliance with all applicable regulations, as well as assisting front office sales teams with the KYC and client on boarding process.
Key Objectives/Goals of ABR
ABR is dedicated to provide high quality service to both internal and external clients while ensuring the Bank continues to comply with all applicable internal and regulatory requirements.
Experience
You will be extremely detail oriented and analytical. You must be able to take data from multiple sources and apply appropriate policy framework to each situation. Should be able to work both independently and as part of a team and switch gears quickly to adapt to business needs in a highly charged and challenging environment.
Relevant experience in Compliance, Audit, Risk or other Regulatory Function with a proven history of project management:
• Experience with AML, KYC and BSA risk issues for Private Banks preferred
• Prior experience with validation of tax documentation is a plus
Daily Responsibilities:
• Review of KYC documentation (including entity corporate documentation like bylaws, corporate resolutions, etc.), information, and due diligence research for new and existing clients in consideration of temporary exceptions
• Validation and approval of IRS Forms W-9, W-8BEN, W-8IMY, W-8ECI and W-8EXP, supporting documentation, and the Bank’s records for new and existing clients
• Guiding front office sales teams in completing KYCs (answer questions on documentation, policy, etc.), as well as appropriate completion of W-8/9 forms
• Assisting with audits, escalations, and investigations on KYC issues as needed
Skills Required:
• Strong knowledge of how Trusts, LLCs, Partnerships, Corporations, etc. are organized
• Working knowledge of Hedge Funds and Private Equity Funds is a plus
• Ability to work well under tight deadlines and time pressure for quick turnaround with a desire to go above and beyond to satisfy our clients with appropriate decision making skills
• Knowledge of AML policies which govern banks; Know You Client policy guidelines; BSA, U.S.A. PATRIOT Act guidelines, etc
• Ability to reach out and work independently with cross-functional team members in a matrix environment
• Excellent interpersonal skills and strong verbal and written communication skills
• Working knowledge of Microsoft Office Suite with advanced knowledge of Excel (Macros, Pivots, Lookups, etc.) and Power Point
Education:
• Bachelor’s degree required
• Legal Degree preferred/a plus
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the “EEO is the Law” poster and pay transparency statement.