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Junior Administrator, AML/ KYC

Deutsche Bank

Deutsche Bank

London, UK · London, UK
Posted on Jun 3, 2025

Job Description:

Employer: DWS Group

Title: Infrastructure Transactions Vendor Onboarding & KYC Specialist

Location: London

About DWS:

DWS Group (DWS) is a leading global asset manager with a strong heritage of investment expertise spanning over 60 years. Headquartered in Frankfurt, Germany, and listed on the Frankfurt Stock Exchange, DWS manages approximately €900 billion in assets under management (AUM) across a diverse range of investment strategies, including active, passive, and alternative investments.

With a presence in over 20 countries, DWS serves institutional and retail clients worldwide, offering tailored investment solutions that leverage deep market insights, innovative research, and a commitment to sustainability. The firm is recognized for its expertise in infrastructure, private equity, real estate, fixed income, and multi-asset strategies, helping clients achieve their long-term financial goals.

DWS is dedicated to driving performance through responsible investing, integrating environmental, social, and governance (ESG) principles into its investment approach. Backed by a strong risk management culture and a commitment to excellence, DWS continues to be a trusted partner for investors seeking high-quality asset management solutions.

Read more about DWS and who we are here.

Team / division overview

DWS Alternatives is the EUR 110 billion global alternative investment management business within DWS, which includes the Infrastructure, Real Estate, Private Equity, Alternative Credit and Liquid Real Assets business lines.

DWS’ infrastructure business has a heritage stretching back over 25-years, first established in 1994 as NSW State Super (a large Australian pension fund) sought to create an infrastructure investment portfolio through direct investments and funds. This business became RREEF Infrastructure in 2004, which has since become a core part of the asset management business that is today DWS Group. DWS’s infrastructure investment business has approx. EUR 20 billion of AuM across both direct investment (infrastructure equity and debt) and listed infrastructure securities.

Role Details

This role sits with the investment team and is responsible for onboarding vendors and carrying out vendor AML and KYC as part of the onboarding process.

You will be responsible for:

  • Conduct AML/KYC due diligence on vendors, including screening against sanctions lists, adverse media, and politically exposed persons (PEPs).

  • Assess vendor risk profiles and escalate any high-risk findings to the appropriate internal stakeholders.

  • Ensure all vendor onboarding and periodic reviews comply with internal AML policies and regulatory requirements.

  • Maintain accurate and up-to-date records of due diligence checks and supporting documentation.

  • Onboard fund vendors through DWS’ proprietary vendor management system.

  • Support the execution of transaction AML due diligence for the Infrastructure investment team

  • Prepare and maintain AML/KYC packs required by third parties on funds managed by the European infrastructure investment business.

  • Maintaining a list of vendors in use and track spend.

  • Collaborate with internal teams, including Compliance, Procurement, and Legal, to manage vendor risk effectively.

  • Assist in enhancing AML processes and controls related to vendor risk management.

  • Stay informed on regulatory developments and industry best practices related to financial crime compliance.

We are looking for:

  • Experience in AML, KYC, financial crime compliance, or risk management, preferably within financial services or asset management

  • Knowledge of AML regulations, including FATF guidelines, EU AML directives, UK Money Laundering Regulations, or equivalent global frameworks.

  • Ability to work independently and manage multiple tasks within deadlines.

  • Excellent attention to detail and strong organizational skills.

  • Strong communication skills.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

Some of our core benefits:

  • 30 days’ holiday + bank holidays, with the option to purchase additional days

  • A non-contributory pension scheme, up to 10%

  • Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders

  • Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance

  • The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice. You can make donations to our partner organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office a minimum of two days a week, and given the flexibility to work from home for the remaining three.

Some business groups may need you to spend more time in the office, but this will be discussed and made clear as part of your application and interview process.

We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.