AML Risk & Control Lead – Source of Wealth

United Overseas Bank Limited; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

United Overseas Bank Limited is seeking a Manager/Specialist in Risk & Control, AML Operations, to conduct Source of Wealth research and prepare narrative reports. You will collaborate with Relationship Managers and Compliance Officers to verify wealth sources.

The role requires 2–4 years in AML or financial crime, a related bachelor's degree, and strong regulatory knowledge. CAMS is a plus; onsite work in Singapore is expected.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice, or a related field.
• 2–4 years of AML operations or financial crime compliance experience.
• Strong understanding of AML regulations, CDD and EDD.
• CAMS or other AML certifications are a plus.

Responsibilities

• Conduct in-depth research to identify and verify legitimate source of wealth for designated customers.
• Analyze financial information, business structures and documents to explain wealth accumulation.
• Prepare clear Source of Wealth (SOW) reports with accuracy and templates.
• Collaborate with Relationship Managers and Compliance Officers to gather information.
• Identify red flags and escalate potential issues to management.
• Assess findings and recommend account relationship outcomes per risk appetite and regulations.
• Maintain meticulous records in line with policies and regulatory requirements.
• Stay updated on evolving AML regulations and best practices.
• Participate in training and continuous professional development.
• Contribute to process improvements within AML Operations.

Skills

AML operations

Due diligence

Research skills

Analytical thinking

Attention to detail

Education

Bachelor's degree in Finance, Economics, Accounting, Law, or related field

Tools

Financial databases

Job description

United Overseas Bank Limited is seeking a Manager/Specialist in Risk & Control, AML Operations, to conduct Source of Wealth research and prepare narrative reports. You will collaborate with Relationship Managers and Compliance Officers to verify wealth sources.

The role requires 2–4 years in AML or financial crime, a related bachelor's degree, and strong regulatory knowledge. CAMS is a plus; onsite work in Singapore is expected.