Permanent position, working on-site at a global Bank.
Salary is dependent upon skills and level of experience.
Experience of Source of Wealth investigation / remediation is 100% essential for this role.
Experience within Retail and Private Banking is highly preferred.
Job Scope
Conduct client due diligence during onboarding and periodic reviews, ensuring compliance with AML/KYC obligations.
Validate and verify KYC information through comprehensive research and cross-referencing internal and external databases.
Identify and escalate cases involving politically exposed persons and customers with medium to high AML risk.
Perform enhanced due diligence for customers with higher AML risk ratings, addressing complex compliance issues.
Conduct Source of Wealth review in accordance with regulatory and industry standards and advise on assessment and corroboration gaps perform subsequent uplift to required standards.
Provide support to the Compliance function by handling ad hoc queries, evaluating sanctions alerts, and investigating transaction monitoring alerts for potential fraud.
Document the rationale for escalating or dismissing sanctions and transaction alerts, stay updated on AML regulations, etc.
Requirements
Undergraduate degree in a relevant field (e.g., accounting, law) and a professional certification is a plus.
Over 3 year of experience in KYC, AML, SOW, forensic accounting, fraud investigation, or related fields, ideally within consulting, financial, accounting, or legal institutions.
Basic understanding of AML regulations and money laundering schemes.
Experience of Source of Wealth investigations / case management.
Experience providing financial crime consulting to various banking sectors and skills in analyzing, drafting, and presenting reports.
Strong team player with good communication, analytical, and report-writing skills, and a commitment to professional excellence.
Willingness to travel client's office when needed, participate in practice growth, and work under minimal supervision in a dynamic environment.
Ability to Review Accounting/Financial Documents in Mandarin is a plus.
