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Mid-level Associate managing regulatory compliance for US regulations at Deutsche Bank in Bangalore.
Lead daily monitoring, control reporting, and client classification while working with compliance and legal teams.
Regulatory & Client Classifications, Associate
Position Overview
Job Title: Regulatory & Client Classifications, Associate Corporate Title: Associate Location: Bangalore, India Role Description As part of the Regulatory & Client Classification within Regulatory & Cross Product Ops (RCP) team, you will be responsible for understanding and monitori ng various US Regulations as well as tactical and strategic analysis and remediation of Regulatory accounts impacting clients eligible for specific US Regulations. You’ll support and contribute to daily monitoring and control reporting for various US Regulations along with being part of a team that works in close partnership with various stakeholders such as Compliance, Legal and the Client Lifecycle Management (CLM) on-boarding teams.
Job Title: Regulatory & Client Classifications, Associate Corporate Title: Associate Location: Bangalore, India Role Description
As part of the Regulatory & Client Classification within Regulatory & Cross Product Ops (RCP) team, you will be responsible for understanding and monitori ng various US Regulations as well as tactical and strategic analysis and remediation of Regulatory accounts impacting clients eligible for specific US Regulations. You’ll support and contribute to daily monitoring and control reporting for various US Regulations along with being part of a team that works in close partnership with various stakeholders such as Compliance, Legal and the Client Lifecycle Management (CLM) on-boarding teams.
What we’ll offer you
- 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
Fully understand and be able to provide knowledge of US regulations, such as, CFTC Dodd Frank, SEC Swap Based Securities Dodd Frank, Volcker, Reg W, FINRA 2111, FINRA 4210, Reg D/QIBs, Foreign Bank Certificates, 15a6 and Reg O Business Management etc.
Work with Compliance and Legal on exception and/or escalations cases and see them through to completion.
Review and QA sample of Run-the-Bank (RTB) cases to ensure regulations are being implemented correctly.
Management of daily control reports which includes working with offshore teams to investigate and analyse the exceptions, identify remediation steps, and follow up with internal or external stakeholders until exceptions are resolved.
Act as a point of contact for internal stakeholders (Front Office, KYC, Operations) for routine queries related to client classification rules and requirements.
Provide clear and practical guidance on regulatory nuances and documentation needs for classification.
Responsible for creating and/or updating Key Operating Procedures and incorporating new regulatory changes as needed.
Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution.
Training of COB team members for any new regulatory changes.
Be able to identify and raise up risk items to management.
Your skills and experience
Over 8 years of direct experience in regulatory compliance, client classification, KYC/onboarding, or a related function within an investment bank, financial institution, or a large corporate environment with exposure to financial regulations.
Understanding of key financial regulations such as MiFID II, EMIR, Dodd-Frank, etc., with specific knowledge of client classification.
Knowledge/exposure of US regulations within an operational or control department within a banking environment, or within a similar operational regulatory function.
Knowledge of Client Onboarding and Regulators is a plus.
Ability to identify issues and assess root causes and provide solutions with a proven level of analytical, problem solving and resource planning skills.
Ability to work in a non-structured environment, knowing what task the next priority is without being told.
Knowledge and/or experience in a financial institution. Understanding of the workings of an investment bank and the lifecycle of a trade is a plus.
Motivated and self-starter is a must.
Ability to think not only in black and white but also be able to think analytically in grey areas by utilizing resources at hand (i.e., Key Operating Procedures, reading through regulations etc.).
Skills That Will Help You Excel
Knowledge of MS suite of products, including the ability to use basic Excel functions such as pivot tables, VLOOKUPs, etc.
Competent business user of MS products and Outlook. Internet liberate to enable online searches. Must know MS Excel. Knowledge of Markit ISDA Amend is a plus.
Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus.
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 strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment.