Description

The Anti-Money Laundering ("AML") Deputy Manager will support the AML Compliance Manager to supervise the London AML Risk & Compliance team in all aspects of client and matter registration. 
 
The AML Deputy Manager will be responsible for ensuring effective day-to-day management of the team including work allocation and performance management. 
 
The AML Deputy Manager will work closely with the AML Risk & Compliance team, the AML Compliance Manager, the Senior Risk & Compliance Associate, the MLCO, and MLRO.  

 

 Responsibilities:

  • To support the AML Compliance Manager to supervise and manage the AML Risk & Compliance team
  • Develop and maintain the workflow management of the AML Risk & Compliance team including taking responsibility for work allocation and ensuring that work is distributed appropriately while also ensuring that service levels are met
  • Check in with all AML Analysts periodically to review completion rates, discuss queries and identify and deal with any performance concerns
  • Assist with the recruitment, retention, and performance management of the AML Risk & Compliance team, dealing with any performance issues and assisting with performance reviews
  • Provide regular updates to the AML Risk & Compliance team on issues raised or trends identified
  • Oversee the monitoring of timing of verification, liaising with Fee Earners where necessary to ensure verification is obtained promptly
  • Oversee the management of the AML Risk & Compliance team inbox
  • Work with the AML Compliance Manager to escalate any matters requiring senior management approval daily, including providing a walkthrough of any issues and a proposal as to whether a matter should be approved/rejected or if further information is needed
  • Support the AML Compliance Manager to carry out regular training for the AML Risk & Compliance team to ensure the team are up to date with applicable AML laws and regulations and advise on how these changes affect the Firm and its processes
  • Co-ordinate and manage the AML training plan for new members of the AML Risk & Compliance team and support the AML Compliance Manager in delivering this training
  • Identify internal training needs for Fee Earners and Support Staff and assist with the planning and provision of training
  • Assist with AML Compliance-related matters and projects as identified and assigned by the AML Compliance Manager
  • As required to meet the demands of the business:
  • Provide AML advice and manage relationships with key internal stakeholders: Partners, Fee Earners, PAs, Matter Management, New Business Intake, AML Compliance Manager, MLCO, MLRO, and Finance
  • Review escalations and make risk-based decisions about higher-risk clients and matter risk assessments
  • Advise on queries regarding third-party payers with minimal supervision, understanding the relevant rules regarding billing, and seeking tax advice where necessary
  • Deal with the complex client due diligence queries: thoroughly document, research, and provide opinions on complex client matters and escalate findings clearly and concisely for internal review
  • Perform client due diligence and screening for PEPs, Sanctions, Adverse Media, etc., utilizing several industry sources including disposition of screening alerts
  • Perform and review client and matter risk assessments and make risk-based decisions based on the analysis undertaken

Experience Required

  • Bachelor's degree required (2:1 or above preferred), as well as a Law degree / LPC, is preferred
  • Some good relevant AML experience, preferably in an international law firm
  • Experience with AML monitoring and screening
  • Detailed knowledge of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry
  • Proven team management and work allocation experience is strongly preferred including experience of day-to-day performance management.
  • Experience of AML/KYC/Due Diligence processes and systems e.g. Intapp, MINT Global / Orbis, World-Check One
  • Strong analytical and research skills
  • Ability to manage processes efficiently, with accuracy and attention to detail.
  • Experience in managing projects and delivering to agreed timescales. 
  • A recognized AML/Compliance qualification is desirable but not essential
  • Excellent communication skills, written and verbal
  • Strong decision-making capabilities
  • Team player adaptable to a fast-paced and changing environment
  • Good planning, time management, and prioritization skills
  • Ability to work independently and also to liaise with other departments 
  • Must have good knowledge of Microsoft Office applications and other Productivity Tools (Intapp knowledge is an advantage)