Source of Wealth Analyst

ARGYLL SCOTT CONSULTING PTE. LTD.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A global bank in Singapore is seeking a skilled compliance officer to manage KYC and AML procedures, particularly focusing on Source of Wealth investigations. Candidates need a degree and over three years of relevant experience in banking or consulting, preferably with expertise in handling complex financial regulations. The position requires strong analytical skills, the ability to document compliance activities, and willingness to work with minimal supervision in a dynamic environment. Familiarity with Mandarin for reviewing financial documents is a plus.

Qualifications

• 3+ years of experience in KYC, AML, or related fields.
• Professional certification in finance or law is a plus.
• Ability to review Accounting/Financial Documents in Mandarin is beneficial.

Responsibilities

• Conduct client due diligence during onboarding and periodic reviews.
• Validate and verify KYC information through research.
• Perform enhanced due diligence for high-risk customers.
• Support Compliance function by handling ad-hoc queries.
• Document rationale for escalated sanctions and transaction alerts.

Skills

Source of Wealth investigation

KYC compliance

AML regulations

Communication skills

Analytical skills

Report writing

Education

Undergraduate degree in a relevant field

Job description

• Permanent position, working on site at a global bank.
• Salary is dependent on skills and level of experience.
• Experience of Source of Wealth investigation/remediation is 100% essential for this role.
• Experience within Retail and Private Banking is highly preferred.

Job Scope

• Conduct client due diligence during onboarding and periodic reviews, ensuring compliance with AML/KYC obligations.
• Validate and verify KYC information through comprehensive research and cross-referencing internal and external databases.
• Identify and escalated cases involving politically exposed persons and customers with medium to high AML risk.
• Perform enhanced due diligence for customers with higher AML risk ratings, addressing complex compliance issues.
• Conduct Source of Wealth review in accordance with regulatory and industry standards and advise on assessment and corroboration gaps; perform subsequent uplift to required standards.
• Provide support to the Compliance function by handling ad-hoc queries, evaluating sanctions alerts, and investigating transaction monitoring alerts for potential fraud.
• Document the rationale for escalated or dismissed sanctions and transaction alerts, stay updated on AML regulations, etc.

Requirements

• Undergraduate degree in a relevant field (e.g., accounting, law) and a professional certification is a plus.
• Over 3 years of experience in KYC, AML, SOW, forensic accounting, fraud investigation, or related fields, ideally within consulting, financial, accounting, or legal institutions.
• Basic understanding of AML regulations and money laundering schemes.
• Experience of Source of Wealth investigations/case management.
• Experience providing financial crime consulting to various banking sectors and skills in analyzing, drafting, and presenting reports.
• Strong team player with good communication, analytical, and report-writing skills, and a commitment to professional excellence.
• Willingness to travel client’s office when needed, participate in practice growth, and work under minimal supervision in a dynamic environment.
• Ability to review Accounting/Financial Documents in Mandarin is a plus.