Job Description
- Understanding of Source of Wealth/ Funds Corroboration.
- Take ownership in ensure a comprehensive, prompt, and high-quality review of client source of wealth and provide guidance to the front office and team colleagues on issues, addressing deficiencies in KYC information and documentation.
- Accurately identify gaps (if any) in client's source of wealth and assess the plausibility in line with MAS and the Bank’s expectations.
- Conduct independent and meticulous reviews, incorporating plausibility checks and validation of Clients' Source of Wealth and source of funds.
- Perform detailed calculations to support the client's source of wealth journey, i.e accumulation of wealth over time
- Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
- Assist relationship managers to succinctly translate the SoW information into a professional and quality write up.
- Report to the SoW remediation team lead for completion progress on a regular basis and escalate issues to Compliance where required.
- Collaborate with auditors and relevant stakeholders on audit and assurance-related matters.
- Coordination and collation of CDD related MIS.
Job Requirements
- At least 4 - 6 years of experience in AML and Source of Wealth (SoW) experience for Client Onboarding and Periodic Reviews in a private banking environment.
- Knowledgeable and sensitive to the risks involved AML risks of private banking clients.
- Strong analytical writing skills and strong communication skills, including the ability to deal with potentially contentious issues effectively.
- Soft skills: Investigative mindset, innate professional scepticism, and ability to carry out plausibility testing.
- Familiar with excel and preparation of statistics for reporting.
Qualified candidates may submit a copy of detailed resume in MS Word Format to [email protected]
Charissa Ong Zimin (R1104659)
Email address: [email protected]
Recruit Express Pte Ltd
EA License No.: 99C4599
