Private Bank Client Lifecycle Management AVP📣 Job Ad

About the Role

Deutsche Bank is seeking a Private Bank Client Lifecycle Management AVP to join its team in Riyadh. This full-time role is integral to the Private Bank (PB) division, which combines Deutsche Bank’s private client business in Germany with its international private and commercial client operations, alongside Wealth Management. As a trusted partner for high-net-worth individuals, companies, family offices, and foundations, the Private Bank creates lasting value through tailor-made solutions such as wealth planning, asset management, loans, and deposits, leveraging a global network and extensive experience.

Role Context and Scope

Client Lifecycle Management (CLM) serves as a critical first line of defense within the business, focusing on both service and risk management. The AVP will collaborate closely with the local Front Office team, including Business Heads, Team Heads, Relationship Managers (RM), and Client Service Executives, as well as Compliance, Legal, Anti Financial Crime (AFC), and the Business Management Team. The role also involves interaction with stakeholders at relevant Booking Centers, primarily in Switzerland, including CLM, Operations, Compliance, and AFC teams.

Key Responsibilities

• Manage end-to-end onboarding for new clients and support Know Your Client (KYC) periodic and event-driven reviews for existing clients, ensuring high quality and timely execution.
• Liaise effectively with client-facing teams (local and Booking Centre) to provide strategic guidance on client documentation, account opening policies, processes, and KYC/Anti-Money Laundering (AML) standards.
• Conduct comprehensive due diligence for new and existing relationships, enforcing controls related to KYC governing documentation for various account types (individuals, legal entities) and AML regulatory requirements.
• Perform research on new and existing clients, obtaining information from public sources and screening natural persons/entity names against sanctions, adverse news, and politically exposed person (PEP) lists using tools like PCR/Lexis Nexis.
• Collect, verify, and corroborate KYC/AML-related documentation to perform required regulatory screening, escalating due-diligence findings to Senior Management and Compliance/AFC as applicable.
• Act as the central point of contact for Front Office and internal stakeholders (Documentation Unit, AFC/Compliance, Legal, and Middle Office Operations) regarding client onboarding queries and status updates until final client adoption/review locally and at the respective Booking Centers.
• Prepare comprehensive account opening packs for Business, Compliance, and AFC sign-offs.
• Handle and oversee account maintenance activities, including passport expiry and documentation deferral tracking until resolution.
• Maintain Deutsche Bank Branch Riyadh / DSSA Client databases with accurate onboarding details.
• Support the Business Management Team in regulatory reporting and quarterly reconciliation of client lists with booking centers.
• Remain current and thorough on operational processes, services, and firm’s systems/applications applicable locally in Saudi Arabia and Booking Centers.
• Ensure adequate support is rendered during regulatory and internal audits.
• Complete remediation and other projects as and when applicable within stipulated deadlines.
• Highlight any suspicious activity to the Head of Business, Business Manager, or Office Manager in a timely manner.

Qualifications and Experience

• A Bachelor’s degree in economics or finance is required; a Master’s degree is preferred.
• 3 to 10 years of experience in a Client Onboarding or Client Lifecycle Management (CLM) position within an international Private Bank.

Required Skills and Attributes

• A motivated professional who thrives in a team environment, possessing excellent interpersonal skills and a strong willingness to learn.
• Demonstrated passion for financial topics and capital markets, with a keen interest in expanding knowledge of the Private Bank business.
• Outstanding academic achievements.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, contributing to a global financial institution.