The Anti-Money Laundering ("AML") Compliance Manager will manage day-to-day AML operations in the London office and to lead and implement compliance improvement initiatives.
To be responsible for:
managing all aspects of day-to-day client due diligence and AML Risk Assessments including overseeing and supervising the AML Risk & Compliance Team;
oversight of the Firm's AML policies and processes and review and update of the same in line with best practice; and
supporting the MLCO and MLRO in their compliance roles
The role holder will work closely with the Money Laundering Compliance Officer (MLCO), the Money Laundering Reporting Officer (MLRO) the Senior Risk & Compliance Associate, and the AML Deputy Manager.
Maintain the firm-wide AML risk assessment and associated AML policies in line with the Money Laundering Regulations 2017
Design AML controls and procedures based on the aforementioned policies
Develop and implement AML compliance improvement plans including a focus on Technology enhancements
Work closely with the New Business Intake function on global matter opening policies and workflows
Horizon scan for legal & regulatory developments in relation to AML and sanctions
Co-ordinate and implement recommendations following regular audits of AML compliance
Business as Usual
Provide AML advice and manage relationships with key internal stakeholders: Partners, Fee Earners, PAs, AML Risk & Compliance Team New Business Intake, MLCO, MLRO and Finance
Oversee completion of AML risk assessments and client due diligence (CDD) by the AML Risk & Compliance Team
Support the AML Risk & Compliance team with particularly complex queries e.g. use of the Firm's client account
Act as an escalation point for the resolution of identified issues.
Escalate issues to the MLCO where necessary
Support the MLRO with a review of internal SARs and preparation of external SARs
Team Management and Supervision
Supervise and manage the AML Risk & Compliance team including the AML Deputy Manager, AML Senior Analysts, and AML Analysts.
Provide strong line management, developing the team to their full potential.
Lead on the recruitment, retention, and performance management of the AML Risk & Compliance Team.
Oversee workflow management of the AML Risk & Compliance Team.
Deliver regular training to the AML Risk & Compliance Team to ensure the team is up to date with applicable AML laws and regulations and advising on how these changes affect the Firm and its processes.
Training & Awareness
Identify internal training needs for Fee Earners and Support Staff and lead on the planning and provision of training
Deliver new joiner AML training to relevant staff including Partners.
Chair AML working groups with key stakeholders
Prepare and report on AML developments to the Management Committee
Draft AML communications to the Firm to raise awareness of internal policies regulatory developments
Attend external professional and industry events, representing the Risk & Compliance function
Skills and Experience:
UK / overseas legal qualification (or degree)
Strong previous experience in managing and implementing key AML compliance projects preferably in an international law firm
Proven team management experience including experience in day-to-day performance management
Detailed knowledge of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry
Experience of AML/KYC/Due Diligence processes and systems e.g. Intapp, Orbis, World-Check One.
Intapp knowledge is strongly preferred
A recognized AML/Compliance qualification is desirable but not essential.
Must have good knowledge of Microsoft office applications and other Productivity Tools
Continually strives to deliver the highest level of service. Works to understand (internal) clients' needs. Regularly seeks feedback to improve the service offered and implements performance improvement measures based on feedback
Excellent drafting and communications skills
Ability to manage processes efficiently, with accuracy and attention to detail
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