Description
The Anti-Money Laundering ("AML") Analyst will undertake Anti-Money Laundering processes, such as Client Due Diligence (CDD), Risk Assessments, Monitoring, and Reporting. The role requires risk-based analysis, decision-making, and proactive collection and validation of information needed to support timely client onboarding and matter processing in line with regulatory requirements. The role-holder will be responsible for client onboarding and matter processing, conducting periodic reviews, and assisting Management with other AML/Compliance activities as required.
Main Responsibilities:
- Review and assess the AML and reputational risk associated with a new client and matter requests
- Interact with Partners and Fee Earners to collect mandatory documentation required to complete CDD successfully, review and verify documentation received
- Perform client due diligence and screening for PEPs, Sanctions, Adverse Media, etc., utilizing several trusted industry sources
- Disposition screening alerts determining true or false matches, escalate if required
- Thoroughly document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders e.g. Regulators, Audit, and AML Compliance managers
- Perform and review client and matter risk assessments and make risk-based decisions based on the analysis undertaken
- Complete appropriate research to obtain a good understanding of a client’s business and related parties to monitor the client’s activities for unusual transactions
- Provide AML advice and support to internal stakeholders: Partners, Fee Earners, and PAs
- Perform investigations where there are ML/CTF suspicions regarding clients and/or matters and escalate findings clearly and concisely for internal review by the AML Compliance Manager,
- Money Laundering Compliance Officer (MLCO), and Money Laundering Reporting Officer (MLRO)
- Manage relationships with key internal stakeholders: Partners, Fee Earners, PAs, Matter Management, New Business Intake, AML Compliance Manager, MLCO, and MLRO
- Act as a point of contact for the Firm's central New Business Intake team and other internal teams to resolve challenges with matter opening timely and efficiently
- Periodically evaluate existing clients working with Partners and Fee Earners to keep CDD and risk assessments on client files up to date
- Assist with any other AML Compliance-related matters or projects as identified and assigned by the AML Compliance Manager
Skills and experience:
- A bachelor's degree is required (2:1 or above preferred)
- Law degree / LPC preferred
- Strong understanding of AML/ Counter-Terrorism Financing (CTF) requirements and financial crime risks associated with the range of services in the legal industry
- Relevant AML experience, preferably in an international law firm
- Strong analytical and research skills
- Experience with AML/KYC/Due Diligence processes and systems
- Experience with AML monitoring and screening
- Able to manage processes efficiently, with accuracy and attention to detail
- 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
- Able to work independently and to liaise with other departments
- Must have good knowledge of Microsoft Office applications and other Productivity Tools (Intapp knowledge is an advantage)
Reports to: AML Compliance Manager
Position Type: In Market
Development framework: Business Support