Apply on Employer Site

Deutsche Bank · 1 week ago

Regulatory Client Classification - Associate - Associate

Jacksonville, FL

Full-time

Hybrid

New Grad, Entry Level

$48K/yr - $69K/yr

Deutsche Bank is a global investment bank that provides financial services to clients around the world. The Regulatory Client Classification Associate will be responsible for understanding and monitoring US regulations, supporting daily control reporting, and working closely with various stakeholders to ensure compliance and effective regulatory account management.

BankingFinanceFinancial Services

Responsibilities

Fully understand and be able to provide knowledge ownership of US regulations, such as, Commodity Futures Trading Commission Dodd Frank, Securities and Exchange Commission 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 Quality Assurance 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

Responsible for creating and/or updating Key Operating Procedures (KOP) and incorporating new regulatory changes as needed

Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution and training of COB team members for any new regulatory changes

Qualification

US regulations knowledgeRegulatory reportingQuality AssuranceClient Onboarding knowledgeMS Excel proficiencyAnalytical thinkingNon-structured environment adaptabilitySelf-starterCommunication skills

Required

Work with Compliance and Legal on exception and/or escalations cases and see them through to completion

Review and Quality Assurance sample of Run-the-Bank (RTB) cases to ensure regulations are being implemented correctly

Responsible for creating and/or updating Key Operating Procedures (KOP) and incorporating new regulatory changes as needed

Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution and training of COB team members for any new regulatory changes

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., KOP, reading through regulations etc.)

Ability to work in a non-structured environment, knowing what task the next priority is without being told

Knowledge/exposure of US regulations within an operational or control department within a banking environment, or within a similar operational regulatory function

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. Knowledge of Client Onboarding and Regulators is a plus

Preferred

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