Source of Wealth Specialist (Private Banking) - Greater China Market

Source of Wealth Specialist (Private Banking) - Greater China Market
Location: Singapore
Type: Full-time
Job Summary
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).
Responsibilities
Review existing account profiles to identify gaps in SOW information and corroboration
Analyse collected information and perform reasonableness and plausibility checks to build comprehensive SOW write-ups, enhancing existing write-ups or drafting from scratch
Work with the Sales team to enhance account profiles and SOW corroboration, providing guidance and desktop research for benchmark analysis or profile updates
Identify high AML risk factors and red flags, and engage with Sales and Compliance to resolve issues as needed
Prepare SOW/AML risk assessment summaries, and present material findings or risk concerns to AML Risk Supervisors for further action
Ensure SOW/SOF data, approval records and supporting documentation are properly retained
Draft SOW assessments and review peer submissions, depending on team caseloads
Eligibility Requirements
5+ years of relevant experience in source of wealth reviews in private banking or for high-net-worth clients, at top tier banks, financial institutions or risk advisory firms
Fluent in spoken and written Mandarin and English. Cantonese is an advantage.
Proven ability to write detailed SOW narratives from scratch, consolidating Chinese and English information into a precise English summary
Strong research skills, with the judgement to rely on primary sources
Strong knowledge of AML/SOW review for various entity types (personal holding companies, trusts, SPVs, limited partnerships, funds, foundations)
Strong understanding of AML/CFT regulations, including MAS and HKMA requirements
Confident and articulate, able to explain requirements clearly to Sales stakeholders and hold a position when challenged
About eClerx
eClerx is a leading provider of productized services, bringing together people, technology and domain expertise to amplify business results.​
The firm provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world’s leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. Incorporated in 2000, eClerx is traded on both the Bombay and National Stock Exchanges of India. The firm employs more than 19,000 people across Australia, Canada, France, Germany, Switzerland, Egypt. India, Italy, Netherlands, Peru, Philippines, Singapore, Thailand, the UK, and the USA.
For more information, visit www.eclerx.com
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eClerx is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law. We are also committed to protecting and safeguarding your personal data. Please find our policy here