Private Bank - Client Lifecycle Management, Associate
by Deutsche Bank MENA in Banking & Financial Services
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.