Your new company A private bank is looking for a specialist in Periodic Review & Source of Wealth with 4-5 years' experience, to support the Private Banking business by performing periodic client reviews and Source of Wealth (SOW) assessments, ensuring client due diligence is completed accurately, timely, and in line with AML/CFT and regulatory requirements.
Your new role
Conduct periodic reviews of private banking client profiles, including KYC refresh, account data maintenance/ updates, and verification of client information in accordance with internal policies and regulatory standards.
Perform Source of Wealth (SOW) and Source of Funds (SOF) assessments by reviewing client documentation, transaction history, and publicly available information to assess plausibility and consistency.
Identify and document AML risks and red flags, escalating unusual findings, gaps, or inconsistencies to senior team members for further review and decision-making.
Coordinate with Relationship Managers and internal stakeholders to obtain required information and supporting documents, ensuring timely completion of review cycles.
Prepare clear and well-structured review documentation, ensuring records are complete, accurate, and audit-ready to support internal review, compliance, and regulatory examinations.
What you'll need to succeed
5 years of experience in AML/KYC, periodic review and Source of Wealth within private banking or financial institutions
Basic understanding of AML/CFT regulations and SOW/SOF concepts
Strong attention to detail, analytical skills, and written documentation ability
What you need to do now If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call Hailey Tai now @ 22307491. Alternatively, you can also send Hailey an updated CV to hailey.tai@hays.com.hk
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.