Job description

Job Description:

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 Employee Workplace Savings "Gosi” plan (for Saudi nationals only)

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