AML Analyst

  • Job Reference: JO0000002281
  • Date Posted: 7 October 2021
  • Recruiter: Ryder Reid Legal
  • Location: London
  • Salary: £35,000 to £40,000
  • Sector: Risk & Compliance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

Our international law firm client are recruiting for a AML Analyst to join them on a permanent basis.

Essential Job Functions will include:

* Under the direction of the Compliance Officer for Legal Practice, Money Laundering Reporting Officer and General Counsel, the AML Analyst is responsible for ensuring that new clients, new matters and third party payors comply with the requirements of applicable AML legislation and the Firm's AML policies

* Assess the risk profile of new and existing clients in accordance with the Firm's risk matrix and determine the nature and level of client due diligence required

* Perform client due diligence including Politically Exposed Person (PEP), adverse press and sanctions searches and seek approval from MLRO and Sr. Management on a risk-based approach

* Synthesize and summarize results of enhanced due diligence checks based on the information obtained internally and from searches

* Update Firm software tools and databases with relevant information in a timely manner, including Intapp and BvD Orbis

* Compile relevant information into final AML pack for sign off by MLRO or Deputy MLRO

* Responsible for appropriate administration and filing of completed AML packs

* Perform follow ups on outstanding AML files, ongoing monitoring on completed AML files, and periodic review of personal identification documentation obtained

* Liaise with other departments including NBI and Finance to ensure that approvals with respect to payments into and out of the Firm, and in all relevant areas, are obtained

* Maintain internal AML registers, including the risk register and industry code register

* Perform other tasks and assist with special projects as requested by AML Manager or NBI Director

Essential Knowledge, Skills and Competencies

* Ability to speak, read and write English

* Familiarity with UK, European and/or global AML rules and regulations

* Experience of researching and understanding different corporate structures and the identification of risk issues

* Strong research and analytical skills via internet, databases and other sources, including the ability to synthesize large amounts of client due diligence data and present it in a clear, logical and succinct fashion

* Excellent oral and written communication skills, including the ability to communicate potentially detailed and complex information to others in a simple, concise manner

* Proficiency in Microsoft Office applications, including Word, Excel, Outlook and PowerPoint

* Aptitude and willingness to work with detailed facts and complex procedures

If you are interested and meet the above criteria, then please do apply!