At a Glance
- Tasks: Review and analyse account profiles to identify gaps in Source of Wealth information.
- Company: Leading financial institution focused on Anti-Money Laundering risk management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Fast-paced environment with opportunities for growth and teamwork.
- Why this job: Join a vital team combating financial crime and make a real difference.
- Qualifications: Experience in AML reviews and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
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). Currently, we are looking for candidates to support the following workstreams:
- Account Onboarding supervisory review - Case Manager
- Source of Wealth Periodic reviews - Team Lead / Checker / Case Manager
Responsibilities
- Review and analyze account profiles to identify gaps in SOW information and corroboration
- Analyze collected information and perform reasonableness and plausibility checks
- Work effectively with Sales team to enhance the account profile and SOW corroboration
- Provide guidance to Sales team and perform desktop research to assist with benchmark analysis or account profile updates as needed
- Review adverse findings, high AML risk factors/sanctions exposures, engage with Sales and Compliance team to resolve issues as needed
- Prepare SOW/AML risk assessment summaries, identify and present material findings or risk concerns to AML Risk Supervisors for further action
- Ensure name screenings, SOW/SOF data, required clearance and approval records as well as supporting documentation are properly retained
Eligibility Requirements
- Experience in source of wealth or AML reviews in private banking, top tier banks / financial institutions / risk advisory firms
- Strong understanding of AML/CFT regulations or risk assessment frameworks
- Preferably with MI and project management experience for Team Lead role
- 3+ years of work experience in relevant work experience
- Strong knowledge of AML/SOW review for various entity types (personal holding companies, trusts, SPVs, limited partnerships, funds, foundations)
- Strong research capability, analytical and organizational skills
- Strong communication skills to effectively and clearly instruct/advise Sales team
- Excellent verbal and writing skills. Able to consolidate Chinese and English information into English summary precisely
- High attention to details and numbers
- Able to identify and articulate corroboration issues &/or red flags
- Problem-solver and able to manage potentially difficult discussions
- Ability to adapt and work efficiently in a fast-paced environment
- Strong team-player and able to work independently with minimal supervision
- Self-motivated and enthusiastic.
AML Risk – Source of Wealth (SOW) Specialist employer: ECLERX PRIVATE LIMITED
As an AML Risk – Source of Wealth (SOW) Specialist in Singapore, you will join a dynamic team within a leading financial institution that prioritises employee development and a collaborative work culture. The company offers competitive benefits, including professional growth opportunities and a supportive environment that encourages innovation and teamwork, making it an excellent employer for those seeking a meaningful career in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land AML Risk – Source of Wealth (SOW) Specialist
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like ECLERX PRIVATE LIMITED. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AML Risk – Source of Wealth (SOW) Specialist
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ECLERX PRIVATE LIMITED.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ECLERX PRIVATE LIMITED's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ECLERX PRIVATE LIMITED
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ECLERX PRIVATE LIMITED.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ECLERX PRIVATE LIMITED will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ECLERX PRIVATE LIMITED employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
