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AML Analyst

  • Job Type :

    Permanent

    Full-Time

  • Salary : Up to £43,000

Growing US law firm is looking for a new Financial Risk Compliance Analyst to join their AML team and are looking for someone with a minimum 2 years’ experience who wants to join a fast paced and enjoyable team environment. This role will provide direct support to the Financial Risk and Compliance Supervisor, the Financial Risk and Compliance Analyst and the rest of the London office AML team and is responsible for assisting with monitoring and controlling the Firm’s risk and compliance in relation to AML (anti-money laundering), CTF (counter-terrorist financing), KYC (know your customer requirements) checks and related compliance issues. This role will be primarily working from home with one (or more if needed) office days per week. The role will be paying up to £43,000 depending on experience

 

  • Participates in the intake of new matters to the Firm where the involvement of a regulated person or entity triggers an anti-money laundering (AML) risk assessment.
  • Based upon risk assessments, the AM Specialist employs various print and electronic resources to research and confirm the identities of clients, beneficial owners and third-party payors and understand their businesses and their means of payment.
  • Locates and obtains company incorporation or regulatory information for clients and beneficial owners in all international offices, in furtherance of the Firm’s client due diligence (CDD) obligations.
  • Maintains an internal AML database of CDD information about firm clients and other relevant parties, in line with Law Society regulations and Firm policy, and updates expired information.
  • Communicates daily with partners, administrators, and staff about AML compliance, explaining the legal requirements and working to obtain the necessary CDD information.  Responds to questions from Firm lawyers and staff about the AML regulations and Firm policy.
  • Attends to the monthly audit of U.S. matters requiring AML review to ensure the U.S. partners involved are aware of the requirements and confirming they comply as needed.
  • Escalates high risk matters and requests for exemption to AML Lawyers or the Money Laundering Reporting Officer (MLRO) for review, by presenting a memo explaining the risk factors involved with the particular case.
  • Maintains knowledge of changes in the AML regulations and obtains regular training to stay abreast of requirements.  Trains new staff in Firm AML policies and procedures.
  • Participates in software updates and enhancements, including testing new versions or new products and reporting on results.
  • Performs other duties as assigned.

 

Skills / Experience

 

  • Minimum 2 years law firm conflicts research experience and some AML compliance experience is essential
  • Degree educated
  • Familiarity with automated conflict checking systems and AML compliance software as used in a law firm setting preferred.
  • Highly developed business research abilities using online databases, including the Internet, and print sources.