About the role
The Source of Wealth (SOW) Reviewer role within the Middle Office Anti-Money Laundering Controls team is responsible for conducting and overseeing KYC reviews, assessing AML/CFT risks, and ensuring compliance with bank policies and regulatory requirements.
BankingOnsite
Key Responsibilities
- Ensure all KYC reviews performed comply with the bank's established policies, procedures, and controls
- Assess customer's AML/CFT risk and recommend action to mitigate the risk, where required
- Ensure timely follow up with front liners/touchpoints on the updated of KYC info of customers for every AML review
- Guide and review the team members' KYC reviews to ensure the quality of review
- Ensure proper documentation and record keeping of reviews
- Assess transaction reports for potential money laundering risks and make recommendation on account relationship
Requirements
- Knowledge of AML/CFT regulations
- Experience in KYC review processes
- Ability to assess adverse news materiality