Deutsche Bank MENA
Private Bank - Client Lifecycle Management, Associate
- Permanent
- Dubai, United Arab Emirates
- Experience 2 - 5 yrs
Job expiry date: 29/05/2026
Job overview
Date posted
14/04/2026
Location
Dubai, United Arab Emirates
Salary
AED 20,000 - 30,000 per month
Compensation
Job description
The Private Bank - Client Lifecycle Management, Associate role within Deutsche Bank’s Private Bank (PB) division in Dubai operates within a global Private Banking and Wealth Management framework serving high-net-worth individuals, family offices, foundations, and corporate clients through tailored wealth planning, asset management with risk management, loans, and deposits. Client Lifecycle Management (CLM) serves as a key first line of defense for service quality and risk control, ensuring adherence to regulatory expectations and internal governance standards. The role requires full end-to-end Client Onboarding, continuous KYC oversight, and event-driven as well as periodic reviews of client profiles. The associate is responsible for performing comprehensive due diligence across individuals and legal entities under Know Your Client (KYC) and Anti Money Laundering (AML) frameworks, including verification of identity, ownership structures, and transaction risk indicators. The position includes sanctions screening, adverse media analysis, and politically exposed person (PEP/PCR via LexisNexis) screening to identify potential financial crime risks. The role involves preparing complete account opening documentation packs for approval by Business, Compliance, and Anti Financial Crime (AFC) stakeholders, ensuring completeness and regulatory compliance. The associate maintains the DB DIFC Client Database, ensuring accurate onboarding records and lifecycle updates. The role also supports account maintenance processes such as monitoring passport expiry, managing documentation deferrals, and ensuring timely resolution of outstanding client documentation issues. The position requires continuous coordination with Front Office teams, Compliance, Legal, AFC, Business Management, Documentation Units, and Middle Office Operations across local and Booking Centers, primarily Switzerland. The associate supports regulatory reporting obligations and performs quarterly reconciliation of client lists with booking centers to ensure data integrity and alignment across jurisdictions. The role demands ongoing awareness of DFSA Client Classification Requirements, internal banking systems, operational workflows, and regulatory updates. The associate escalates suspicious activity and due diligence findings to senior management, Compliance, or AFC teams where required, and supports regulatory audits, internal reviews, and remediation projects within defined deadlines while maintaining high standards of operational risk control and client lifecycle governance.
Required skills
Key responsibilities
- Execute end-to-end Client Onboarding processes for new clients in the Private Bank division, ensuring all Know Your Client (KYC) and Anti Money Laundering (AML) requirements are fully met while coordinating with Front Office, Compliance, Legal, AFC, and Operations stakeholders to complete onboarding in a timely and controlled manner.
- Perform periodic and event-driven KYC reviews for existing clients by updating client records, validating documentation, and ensuring continuous compliance with regulatory obligations and internal risk management standards across all client types including individuals and legal entities.
- Conduct comprehensive due diligence investigations by gathering and verifying client documentation, identifying ownership structures, and assessing risk exposure in line with AML, KYC, and financial crime prevention frameworks while ensuring adherence to global banking standards.
- Execute sanctions screening, adverse news screening, and Politically Exposed Person (PEP/PCR via LexisNexis) checks on clients and related entities to identify potential compliance risks, escalating high-risk or suspicious findings to Compliance, AFC, or senior management for further review.
- Prepare complete and structured account opening documentation packs for Business, Compliance, and AFC approvals by ensuring all required onboarding materials, verification results, and risk assessments are accurately compiled and submitted for sign-off.
- Maintain and update the DB DIFC Client Database by accurately recording onboarding information, lifecycle changes, and documentation updates while ensuring data consistency across internal systems and booking centers.
- Manage account maintenance activities including monitoring passport expiry dates, tracking documentation deferrals, and ensuring timely resolution of missing or outdated client information to maintain compliance with regulatory and internal requirements.
- Support regulatory reporting obligations and perform periodic reconciliation of client data with booking centers, mainly Switzerland, ensuring consistency, accuracy, and alignment of client records across jurisdictions while assisting in audit, remediation, and compliance review activities.
Experience & skills
- Hold a Bachelor’s degree in Economics or Finance (mandatory requirement) with 3–10 years of professional experience in Client Onboarding or Client Lifecycle Management within an international Private Banking environment, with a Master’s degree considered an advantage.
- Demonstrate strong expertise in Know Your Client (KYC) and Anti Money Laundering (AML) frameworks, including due diligence processes, client verification, and regulatory compliance standards applicable to Private Banking operations.
- Possess hands-on experience with sanctions screening, adverse news monitoring, and Politically Exposed Person (PEP/PCR via LexisNexis) screening tools to identify and mitigate financial crime risks in client onboarding and review processes.
- Exhibit advanced proficiency in Microsoft Office applications including Excel, PowerPoint, and Word, supporting documentation preparation, data analysis, reporting, and regulatory submission requirements.
- Apply strong analytical skills and attention to detail in assessing client risk profiles, conducting data analysis, identifying discrepancies, and supporting decision-making in compliance-driven environments.
- Demonstrate excellent communication skills in both written and verbal English and Arabic, enabling effective interaction with diverse stakeholders including Front Office, Compliance, Legal, AFC, and Operations teams.
- Show strong interpersonal and collaboration skills with the ability to build relationships and work effectively across geographically distributed teams, including coordination with Booking Centers and internal banking units.
- Exhibit strong problem-solving, time management, and adaptability skills to manage multiple priorities under pressure, meet strict deadlines, and adjust to evolving regulatory and operational requirements in a Private Banking environment.