Job Summary:
We are seeking experienced KYC/AML operations professionals who have worked on clearing alerts and conducting Source of Wealth (SoW) reviews for high-risk and high-net-worth (HNW) clients. The role involves reviewing and substantiating SoW documentation, drafting SoW narratives, and resolving KYC/AML alerts as part of periodic and onboarding reviews.
Key Responsibilities:
- Perform KYC/AML reviews for new and existing clients, with a focus on validating Source of Wealth (SoW).
- Review, verify, and assess SoW documents such as:
- Business income
- Inheritance
- Investment income
- Real estate proceeds
- Sale of business/assets
- Draft concise and accurate SoW narratives and update client profiles accordingly.
- Clear KYC/AML alerts in a timely manner while adhering to internal policy and regulatory standards.
- Escalate suspicious or unverifiable transactions and SoW patterns to the Compliance/Financial Crime team.
- Ensure KYC files are complete, accurate, and audit-ready.
- Liaise with Relationship Managers, Compliance, and relevant stakeholders to gather supporting documents or clarifications.
- Stay informed of regulatory changes (MAS, FATF, HKMA) and internal SoW/AML guidelines.
Required Experience & Skills:
- Minimum 3 years of hands-on operational experience in KYC/AML within the banking or financial services industry.
- Strong understanding of SoW/SoF documentation standards and enhanced due diligence (EDD) processes.
- Prior experience in clearing AML alerts and performing end-to-end SoW reviews.
- Familiarity with client risk classifications: HNW, PEPs, high-risk geographies.
- Proficient in using tools such as Fircosoft, LexisNexis, WorldCheck, or similar AML platforms.
- Excellent attention to detail and documentation skills.
- Strong analytical and investigative mindset.
- Knowledge of APAC regulatory frameworks (MAS, HKMA, FATF, etc.).
