Senior Officer, Periodic Review & Source of Wealth (SOW)

Job Description

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. Show More