Conduct in-depth research using internal and external sources (public records, open-source intelligence, regulatory databases, client documentation) to identify and verify the legitimate source of wealth for high-risk customers.
Analyze complex financial information, business structures, and legal documents to construct clear and concise narratives explaining customers wealth accumulation.
Prepare comprehensive Source of Wealth (SOW) reports, ensuring accuracy, completeness, and adherence to established templates and quality standards.
Collaborate with Relationship Managers, Compliance Officers, and other stakeholders to gather necessary information and clarify discrepancies.
Identify and escalate potential red flags, suspicious activity, or inconsistencies observed during SOW preparation to relevant teams or management.
Maintain meticulous records of all research conducted and documentation reviewed in compliance with bank policies and regulatory requirements.
Stay updated on AML regulations, industry best practices, and internal guidelines related to SOW requirements.
Participate in training sessions and continuous professional development to enhance AML and financial crime prevention expertise.
Contribute to process improvements and efficiency initiatives within the AML Operations department.
