Anti-Money Laundering

5 days ago

London, Greater London, United Kingdom Baker McKenzie Full time £40,000 - £70,000 per year

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

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