Source of Wealth Specialist (Private Banking) - Greater China Market
Core
Review and build Source of Wealth (SOW) profiles for high-net-worth clients in Private Banking, performing AML risk assessments and red flag analysis.
Role type
Senior IC AML Risk Specialist (Source of Wealth)
Builds
Comprehensive SOW write-ups and AML risk assessment summaries for private banking accounts
Domain
Financial Services / Anti-Money Laundering (AML) / Private Wealth Management
Required skills
Source of Wealth (SOW) review, AML/CFT regulations, entity type analysis (trusts, SPVs, funds), risk assessment, desktop research, narrative writing
Preferred skills
Cantonese fluency, stakeholder management
Technologies
MAS, HKMA regulatory frameworks
Responsibilities
Review account profiles for SOW gaps, perform reasonableness checks on collected information, identify high AML risk factors and red flags, prepare SOW/AML risk assessment summaries, present findings to supervisors, draft and review SOW assessments
Seniority
Senior, hands-on IC