Job description

Job Description

The GR Anti Money Laundering(AML) Ops - Source of Wealth Preparer-is responsible for conducting thorough research and analysis to accurately document the source of wealth for high-risk customers, ensuring compliance with Anti-Money Laundering (AML) regulations and internal policies.

Job Responsibilities

* Conduct in-depth research using internal and external sources (e.g., public records, open-source intelligence, regulatory databases, client-provided documentation) to identify and verify the legitimate source of wealth for designated customers.
* Analyze complex financial information, business structures, and legal documents to construct a clear and concise narrative explaining the customer's wealth accumulation.
* Prepare comprehensive Source of Wealth (SOW) reports, ensuring accuracy, completeness, and adherence to established templates and quality standards.
* Collaborate effectively with Relationship Managers, Compliance Officers, and other stakeholders to gather necessary information and clarify discrepancies.
* Identify and escalate potential red flags, suspicious activity, or inconsistencies observed during the SOW preparation process to relevant teams or management.
* Maintain meticulous records of all research conducted and documentation reviewed in accordance with bank policies and regulatory requirements.
* Stay updated on evolving AML regulations, industry best practices, and internal guidelines related to SOW requirements.
* Participate in training sessions and continuous professional development to enhance expertise in AML and financial crime prevention.
* Contribute to process improvements and efficiency initiatives within the AML Operations department.

Job Qualifications

* Bachelor's degree in Finance, Economics, Accounting, Law, Criminal Justice, or a related field.
* Minimum of 2-4 years of experience in Anti-Money Laundering (AML) operations, financial crime compliance, due diligence, or a similar role within the financial services industry.
* Strong understanding of AML regulations, particularly those related to customer due diligence (CDD) and enhanced due diligence (EDD), including Source of Wealth requirements.
* Proven ability to conduct thorough research, analyze complex data, and synthesize information into clear and coherent reports.
* Excellent written and verbal communication skills, with the ability to articulate complex financial concepts clearly.
* High level of attention to detail and accuracy in all work performed.
* Proficiency in using various research tools and financial databases.
* Ability to work independently and as part of a team in a fast-paced, deadline-driven environment.
* Strong analytical and problem-solving skills.
* CAMS or other relevant AML certifications are a plus.

Additional Requirements