The July report showed the pass rate in Russia improving to 67 percent after it hired auditors to help with customer checks. 0%. Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering. Very in depth. Deutsche Bank has discovered serious failings in its anti-money laundering and sanctions controls that allowed cheques and high-value electronic payments to be processed without proper screening. Hui Chen, a former compliance expert with the U.S. justice department, said that this target was roughly in line with other global banks. There was a phone call screening after that they asked me to come for a Face-To-Face interview and the interview process was pathetic. has experienced high attrition rates and teams are still maturing in terms of capability against a backdrop of backlogs.” The pass rate measures the percentage of files that meet the bank’s own “Know Your Customer” standards. Reviews of the KYC procedures in the document resulted in lower pass rates in six of 14 locations highlighted, including in the Netherlands and the United States. The internal documents show the scale of the challenge and highlight practical difficulties that arise as a result of staff changes in the United States and Ireland. The process took 2 weeks. But additional shortcomings emerged elsewhere. What candidates say about the interview process at Deutsche Bank. “So it is not about effectiveness, but about the efficiency of our processes.” The bank has multiple layers of defense to spot crime, such as monitoring fund movements for suspicious transactions, a person close to the matter said. Data is a real-time snapshot *Data is delayed at least 15 minutes. On-site interview. ______________________________(Published by Reuters, Aug 03, 2018). Be honest and straightforward in telling them when you are looking for in a job. For the U.S., it wrote: "U.S. has experienced high attrition rates and teams are still maturing in terms of capability against a backdrop of backlogs.". 28%. Deutsche executives met with the ECB, the euro zone’s banking supervisor, in late July, to discuss its control procedures, according to one source with knowledge of the matter. The pass rate measures the percentage of files that meet the bank's own "Know Your Customer" standards. Group interview. Shared on 18 April 2019 - Desk Assistant - Birmingham. migalhas in portuguese |  I interviewed at Deutsche Bank. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. ... Bank Employment Pre-Screening. Hello, I have been offered a position at a high-street bank within the IT department. The U.S. Federal Reserve fined the bank an additional $41 million for failing to ensure its systems would detect money laundering in May 2017. 0%. In January 2017, Deutsche Bank agreed to pay U.S. and UK regulators $630 million in fines over artificial trades between Moscow, London and New York that authorities said were used to launder $10 billion out of Russia. Interview. Sign up for free newsletters and get more CNBC delivered to your inbox. "We still need to improve in terms of internal processes," it said, when presented with the findings of the reviews. I had got the call from deutsche bank HR for the interview for the position of Associate with skill Java and Spark. In their 2017 ruling against Deutsche Bank for ‘mirror’ trades, New York financial regulators criticized the lender for “widespread and well-known weaknesses in its KYC processes”, singling out its Russia operations for shoddy standards. These political figures could also be the target of international sanctions. But additional shortcomings emerged elsewhere. In two confidential reviews, dated June 5 and July 9, Germany's biggest lender detailed the results of tests on a sample of investment bank customer files in several countries, including Russia. Hui Chen, a former compliance expert with the U.S. justice department, said that this target was roughly in line with other global banks. The ECB and Germany’s regulator BaFin declined to comment. 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