AML Risk – Source of Wealth (SOW) Specialist

Location: Singapore

Type: Full-time

Department: BFSI

Job Summary

This position is part of theAnti-Money Laundering Risk Management (AML Risk) function, within theAccount Management Team (AMT) underPrivate Wealth Management (PWM).

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

1. Account Onboarding supervisory review – Case Manager
2. Source of Wealth Periodic reviews - Team Lead / Checker / Case Manager

Responsibilities

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

Eligibility Requirements

1. Experience in source of wealth or AML reviews in private banking, top tier banks / financial institutions / risk advisory firms
2. Strong understanding of AML/CFT regulations or risk assessment frameworks
3. Preferably with MI and project management experience for Team Lead role
4. 3+ years of work experience in relevant work experience
5. Strong knowledge of AML/SOW review for various entity types (personal holding companies, trusts, SPVs, limited partnerships, funds, foundations)
6. Strong research capability, analytical and organizational skills
7. Strong communication skills to effectively and clearly instruct/ advise Sales team
8. Excellent verbal and writing skills. Able to consolidate Chinese and English information into English summary precisely
9. High attention to details and numbers
10. Able to identify and articulate corroboration issues &/or red flags
11. Problem-solver and able to manage potentially difficult discussions
12. Ability to adapt and work efficiently in a fast-paced environment
13. Strong team-player and able to work independently with minimal supervision Self-motivated and enthusiastic.