Private Bank - Client Lifecycle Management, AVP

About The Division

The Private Bank (PB) combines Deutsche Bank’s private client 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 many years of experience.

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 stakeholders (including CLM, Operations, Compliance and AFC) at the relevant Booking Centers, mainly Switzerland.

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.

• 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)

• Responsible for end‑to‑end onboarding of new clients and supporting 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.
• Conduct 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/Lexis Nexis).
• Collect and verify/corroborate KYC/AML related documentation to perform required regulatory screening. Escalate due‑diligence findings to Senior Management and Compliance/AFC where applicable.
• Central point of contact for the Front Office and internal stakeholders (Documentation Unit, AFC/Compliance, Legal and Middle Office Operations) concerning client onboarding queries and status updates until final client adoption/review locally and at the respective Booking Centers.
• Preparation of comprehensive account opening pack for Business/Compliance/AFC sign‑offs.
• Handle/oversight of account maintenance activities, passport expiry, and documentation deferral tracking until resolution.
• Maintain DB Branch Riyadh / DSSA Client databases with onboarding details.
• Support Business management Team in Regulatory Reporting and Reconciliation of client list with booking centers on a quarterly basis.
• Remain current and thorough on operational processes, services and Firm’s systems/applications as applicable locally in Saudi Arabia and Booking Centers.
• Ensure adequate support is rendered during regulatory and internal audits.
• Complete remediation/other projects as and when applicable within the stipulated deadlines.
• Highlight any suspicious activity to Head of Business/Business Manager/Office Manager in a timely manner.

• Education:
  
  Bachelor degree in economics or finance a must – Master degree a plus.
• Experience:
  
  3 to 10 years of experience in Client Onboarding/CLM position in an International…