AML Source-of-Wealth Analyst | Risk & Controls

1011 United Overseas Bank Ltd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

1011 United Overseas Bank Ltd in Singapore is seeking an AML Research Specialist to verify sources of wealth for designated clients. You will conduct in-depth analysis of financial information, identify risks, and prepare concise SOW reports for internal stakeholders.

You will work with Relationship Managers and Compliance to resolve discrepancies, escalate red flags, and ensure adherence to CDD/EDD rules, with ongoing training and process improvements to strengthen the bank's AML program.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice, or related field.
• Minimum of 2-4 years AML operations, financial crime compliance, due diligence, or similar role.
• Strong understanding of AML regulations including CDD and EDD, Source of Wealth requirements.
• Proven ability to conduct thorough research, analyze complex data, and synthesize information into reports.
• Excellent written and verbal communication; high attention to detail.

Responsibilities

• Conduct in-depth research to identify legitimate sources of wealth for designated customers.
• Analyze complex financial information and structures to explain wealth accumulation.
• Prepare Source of Wealth (SOW) reports with accuracy and quality.
• Collaborate with Relationship Managers, Compliance Officers, and other stakeholders.
• Identify and escalate red flags or inconsistencies to relevant teams.
• Assess findings and recommend account outcomes in line with policy.
• Maintain meticulous records per bank policies and regulatory requirements.
• Stay updated on evolving AML regulations and best practices.
• Participate in training and process improvements within AML Operations.

Skills

AML expertise

Analytical thinking

Research skills

Communication skills

Attention to detail

Team collaboration

Education

Bachelor's degree in Finance

Bachelor's degree in Economics

Tools

Financial databases

CDD/EDD tools

Job description

1011 United Overseas Bank Ltd in Singapore is seeking an AML Research Specialist to verify sources of wealth for designated clients. You will conduct in-depth analysis of financial information, identify risks, and prepare concise SOW reports for internal stakeholders.

You will work with Relationship Managers and Compliance to resolve discrepancies, escalate red flags, and ensure adherence to CDD/EDD rules, with ongoing training and process improvements to strengthen the bank's AML program.