eClerx

Data analytics and BPM outsourcing services

Source of Wealth Specialist - Private Banking, Greater China Market

Financial Crime & AMLConfirmed live in the last 24 hours

Full-timeSingaporeNo salary listedIn-person

About the Job

Requirements

At least 5 years of relevant experience in source of wealth reviews in private banking or for high-net-worth clients, at top-tier banks, financial institutions, or risk advisory firms.
Fluency in spoken and written Mandarin and English.
Ability to write detailed source-of-wealth narratives from scratch, consolidating Chinese- and English-language information into a precise English summary.
Strong research skills and judgment to rely on primary sources.
Strong knowledge of anti-money laundering and source-of-wealth review for personal holding companies, trusts, special purpose vehicles, limited partnerships, funds, and foundations.
Strong understanding of anti-money laundering and countering the financing of terrorism regulations, including Monetary Authority of Singapore and Hong Kong Monetary Authority requirements.
Ability to explain requirements clearly to Sales stakeholders and hold a position when challenged.

Responsibilities

Review existing account profiles to identify gaps in source-of-wealth information and corroboration.
Analyze collected information and perform reasonableness and plausibility checks to build comprehensive source-of-wealth write-ups, enhancing existing write-ups or drafting them from scratch.
Work with the Sales team to enhance account profiles and source-of-wealth corroboration, providing guidance and desktop research for benchmark analysis or profile updates.
Identify high anti-money laundering risk factors and red flags, and engage with Sales and Compliance to resolve issues as needed.
Prepare source-of-wealth and anti-money laundering risk assessment summaries, and present material findings or risk concerns to anti-money laundering risk supervisors for further action.
Ensure source-of-wealth/source-of-funds data, approval records, and supporting documentation are properly retained.
Draft source-of-wealth assessments and review peer submissions, depending on team caseloads.

Desired Qualifications

Cantonese language ability.

Source of Wealth Specialist (Private Banking) - Greater China Market

Location: Singapore

Type: Full-time

Job Summary

This position is part of the Anti-Money Laundering Risk Management (AML Risk) function, within the Account Management Team (AMT) under Private Wealth Management (PWM).

Responsibilities

Review existing account profiles to identify gaps in SOW information and corroboration
Analyse collected information and perform reasonableness and plausibility checks to build comprehensive SOW write-ups, enhancing existing write-ups or drafting from scratch
Work with the Sales team to enhance account profiles and SOW corroboration, providing guidance and desktop research for benchmark analysis or profile updates
Identify high AML risk factors and red flags, and engage with Sales and Compliance to resolve issues as needed
Prepare SOW/AML risk assessment summaries, and present material findings or risk concerns to AML Risk Supervisors for further action
Ensure SOW/SOF data, approval records and supporting documentation are properly retained
Draft SOW assessments and review peer submissions, depending on team caseloads

Eligibility Requirements

5+ years of relevant experience in source of wealth reviews in private banking or for high-net-worth clients, at top tier banks, financial institutions or risk advisory firms
Fluent in spoken and written Mandarin and English. Cantonese is an advantage.
Proven ability to write detailed SOW narratives from scratch, consolidating Chinese and English information into a precise English summary
Strong research skills, with the judgement to rely on primary sources
Strong knowledge of AML/SOW review for various entity types (personal holding companies, trusts, SPVs, limited partnerships, funds, foundations)
Strong understanding of AML/CFT regulations, including MAS and HKMA requirements
Confident and articulate, able to explain requirements clearly to Sales stakeholders and hold a position when challenged

About eClerx

eClerx is a leading provider of productized services, bringing together people, technology and domain expertise to amplify business results.

The firm provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world’s leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. Incorporated in 2000, eClerx is traded on both the Bombay and National Stock Exchanges of India. The firm employs more than 19,000 people across Australia, Canada, France, Germany, Switzerland, Egypt. India, Italy, Netherlands, Peru, Philippines, Singapore, Thailand, the UK, and the USA.

For more information, visit www.eclerx.com

You can also find us on:

https://www.linkedin.com/company/eclerx/

https://www.indeed.com/cmp/Eclerx/about

https://www.glassdoor.com/eClerx

eClerx is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law. We are also committed to protecting and safeguarding your personal data. Please find our policy here

About the Company

eClerx

Data analytics and BPM outsourcing services

eClerx Services Ltd. provides business process management and data analytics services to clients worldwide, focusing on financial services, telecom, retail, and technology. It helps clients by managing and optimizing data-intensive processes, acting as an extension of their operations through data management, automation, analytics, and consulting. Its offerings cover trade lifecycle management, risk and compliance in financial markets, digital services like content creation and e-commerce analytics, and customer operations optimization. Its differentiator is combining deep domain knowledge with data-driven insights and it pursues growth through strategic acquisitions, such as Personiv, to expand back-office and customer support capabilities, with the goal of helping clients run efficient, data-driven processes while focusing on core business.

Company size: 10,001+
Company stage: IPO
Headquarters: Mumbai, India
Founded: 2000

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