About the role
The Senior Office/Manager, Source of Wealth is responsible for researching and analyzing high‑risk customers to document their source of wealth, ensuring compliance with AML regulations. The role involves preparing reports, collaborating with stakeholders, and maintaining accurate documentation.
BankingOnsite
Key Responsibilities
- Conduct in-depth research using internal and external sources to identify and verify legitimate source of wealth.
- Analyze complex financial information, business structures, and legal documents.
- Prepare comprehensive source‑of‑wealth (SOW) reports adhering to quality standards.
- Collaborate with Relationship Managers, Compliance Officers, and other stakeholders.
- Identify and escalate potential red flags or suspicious activity.
- Maintain proper documentation in accordance with policies and stay updated on AML regulations and best practices.
Requirements
- Years of experience in AML or financial crime compliance.
- Strong understanding of AML, CDD, and EDD regulations.
- Proven research and advanced analytical skills are essential.
- Bachelor's degree in a relevant field; CAMS certification is advantageous.