AML Risk – Source of Wealth; SOW Specialist

AML Risk
- Source of Wealth (SOW) Specialist

Location:

Singapore

Type:
Full-time

Department: BFSI

This position is part of the Anti-Money Laundering Risk Management (AML Risk) function, within the Account Management Team (AMT) under Private Wealth Management (PWM).

Currently, we are looking for candidates to support the following work streams:

• Account Onboarding supervisory review
  - Case Manager
• Source of Wealth Periodic reviews
  - Team Lead / Checker / Case Manager

• Review and analyze account profiles to identify gaps in SOW information and corroboration
• Analyze collected information and perform reasonableness and plausibility checks
• Work effectively with Sales team to enhance the account profile and SOW corroboration
• Provide guidance to Sales team and perform desktop research to assist with benchmark analysis or account profile updates as needed
• Review adverse findings, high AML risk factors/sanctions exposures, engage with Sales and Compliance team to resolve issues as needed
• Prepare SOW/AML risk assessment summaries, identify and present material findings or risk concerns to AML Risk Supervisors for further action
• Ensure name screenings, SOW/SOF data, required clearance and approval records as well as supporting documentation are properly retained

• Experience in source of wealth or AML reviews in private banking, top tier banks / financial institutions / risk advisory firms
• Strong understanding of AML/CFT regulations or risk assessment frameworks
• Preferably with MI and project management experience for Team Lead role
• 3+ years of work experience in relevant work experience
  
  Strong knowledge of AML/SOW review for various entity types (personal holding companies, trusts, SPVs, limited partnerships, funds, foundations)
• Strong research capability, analytical and organizational skills
• Strong communication skills to effectively and clearly instruct/ advise Sales team
• Excellent verbal and writing skills. Able to consolidate Chinese and English information into English summary precisely
• High attention to details and numbers
• Able to identify and articulate corroboration issues &/or red flags
• Problem-solver and able to manage potentially difficult discussions
• Ability to adapt and work efficiently in a fast-paced environment
• Strong team-player and able to work independently with minimal supervision Self-motivated and enthusiastic.