AML Risk Lead: Source of Wealth & Compliance

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

United Overseas Bank Ltd in Singapore is seeking an AML Source of Wealth Specialist to conduct in-depth research, verify legitimate sources of wealth, and produce clear SOW reports. You will collaborate with Relationship Managers and Compliance to resolve discrepancies, escalate issues, and ensure compliance with regulatory requirements in a fast-paced environment.

Applicants should have a finance/legal background and 2-4 years' AML experience, with proficiency in research tools and financial

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice, or related field.
• 2-4 years of AML operations, financial crime compliance, due diligence, or similar roles.
• Strong AML regulations knowledge, including CDD/EDD and Source of Wealth.
• Proven ability to research, analyze data, and synthesize reports.
• Excellent written and verbal communication, detail oriented.
• Proficiency with research tools and financial databases.

Responsibilities

• Conduct in-depth research using internal and external sources to verify legitimate source of wealth.
• Analyze financial information, business structures, and legal documents to explain wealth accumulation.
• Prepare SOW reports that are clear, concise and well supported.
• Collaborate with Relationship Managers, Compliance Officers, and stakeholders.
• Identify red flags or inconsistencies and escalate as needed.
• Assess findings and recommend account outcomes in line with risk appetite and regulations.
• Maintain meticulous records of research and reviewed documents.
• Stay updated on AML regulations, best practices, and internal guidelines.
• Participate in training and professional development in AML and financial crime prevention.
• Contribute to process improvements within the AML Operations department.

Skills

Analytical thinking

Attention to detail

Communication skills

Research skills

Teamwork

Independent work

Problem solving

Education

Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice

AML certifications (CAMS or similar)

Tools

Financial databases

Job description

United Overseas Bank Ltd in Singapore is seeking an AML Source of Wealth Specialist to conduct in-depth research, verify legitimate sources of wealth, and produce clear SOW reports. You will collaborate with Relationship Managers and Compliance to resolve discrepancies, escalate issues, and ensure compliance with regulatory requirements in a fast-paced environment.

Applicants should have a finance/legal background and 2-4 years' AML experience, with proficiency in research tools and financial