Assistant Vice President - Client Lifecycle Management (Private Bank)

Overview

The Private Bank division at Deutsche Bank integrates private client services, wealth management, and commercial client services globally, delivering bespoke financial solutions for high-net-worth individuals, family offices, and foundations. Leveraging a global network and extensive expertise, it offers wealth planning, asset management with specific risk strategies, and comprehensive banking products.

Role Summary

The Client Lifecycle Management (CLM) function plays an essential first line of defense by ensuring high standards of service and risk management. The role reports locally in Riyadh and coordinates extensively with front office teams, compliance, legal, anti-financial crime units, and business management both locally and at booking centers, particularly Switzerland.

Key Responsibilities

• Manage the entire client onboarding process, ensuring timely and high-quality Know Your Customer (KYC) documentation and periodic or event-driven reviews of existing clients.
• Collaborate effectively with client-facing teams and stakeholders at both local and booking center levels, providing strategic guidance on documentation, account opening policies, and adherence to KYC/AML regulations.
• Execute thorough due diligence for new and existing clients including natural persons and entities to guarantee compliance with KYC and Anti-Money Laundering regulations.
• Conduct comprehensive research on clients using public information sources and screen names against sanctions, adverse news, and politically exposed persons lists.
• Gather, verify, and corroborate necessary KYC/AML documents and promptly escalate any risk findings to senior management and compliance or Anti Financial Crime teams.
• Serve as the central liaison for front office and internal departments regarding client onboarding queries and updates until account adoption and review are finalized.
• Prepare detailed account opening packages for business, compliance, and AFC approvals.
• Supervise account maintenance tasks including passport expiry monitoring and document deferral tracking to resolution.
• Maintain up-to-date client databases for the Riyadh branch and related entities.
• Assist business management with regulatory reporting and quarterly client list reconciliations with booking centers.
• Stay informed about operational procedures, services, systems, and applications relevant locally and across booking centers.
• Provide support during regulatory and internal audits as necessary.
• Manage remediation and other projects within assigned deadlines.
• Report any suspicious activities promptly to senior business leadership.

Qualifications and Experience

• Bachelor's degree in economics or finance is mandatory; a master’s degree is advantageous.
• Three to ten years of professional experience in client onboarding or client lifecycle management within an international private banking environment.
• Fluent proficiency in English, both spoken and written.
• Advanced knowledge of Microsoft Office applications especially Excel, PowerPoint, and Word.
• Strong communication skills capable of interacting with diverse internal and external stakeholders.
• Excellent interpersonal skills to foster teamwork and cooperation across various locations.
• Proven ability to solve problems effectively, even under pressure.
• Efficient time management, prioritization of tasks, and meeting strict deadlines.
• Adaptability to new skills, processes, and shifting priorities.
• Superior analytical and data evaluation abilities with attention to detail at both strategic and execution levels.
• Motivated, team-oriented professional with a passion for financial markets and eagerness to expand knowledge in private banking.

Benefits and Workplace Culture

• Life, accidental death, and permanent partial disability insurance coverage.
• Private medical insurance extended to employees, spouses, and dependent children.
• Flexible working arrangements to support work-life balance.
• 30 days of annual paid leave in addition to public holidays.
• Contributions to the Employee Workplace Savings "Gosi" plan available to Saudi nationals.
• Coaching, expert support, and continuous learning culture aimed at career advancement.
• Tailored flexible benefits accommodating individual needs.

Inclusivity & Values

Deutsche Bank is committed to fostering a diverse, supportive, and inclusive environment that embraces multiple perspectives and backgrounds to stimulate innovation. The bank promotes equal opportunities and maintains a workplace free from harassment, discrimination, and retaliation. It welcomes applications from individuals of all cultures, races, genders, disabilities, beliefs, and backgrounds, and offers accommodations and flexible work options to support diverse talents.