Expanding US law firm has created a new Risk & Compliance Analyst vacancy to work directly with their Head of Risk & Compliance.
- Salary to £55,000
- 3 office / 2 remote
- Stunning offices
This Risk & Compliance Analyst position is a fantastic opportunity for someone who is looking to grow their career as this role will have the scope to grow and you will be able to develop all aspects of your current Risk & Compliance experience with the initial main focus being the AML function however this role has the potential to be a full career move with significant progress available for the right hire as this role will help build and fine tune the function across the London office and is keen to broaden their scope beyond AML/conflicts into other areas of risk management as the firm is still at the early stages of implementation following SRA regulation.
Risk & Compliance Analyst duties:
- Review and assess the AML and reputational risk associated with new client and matter requests.
- Interact with partners and fee earners and EAs to collect mandatory documentation required to complete CDD successfully, reviewing and verifying documentation received.
- Perform client due diligence and screening for PEPs, Sanctions, Adverse Media etc., utilising a number of trusted industry sources.
- Complete appropriate research in order to obtain a good understanding of a client's business and related parties in order to monitor client's activities for unusual transactions.
- 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, internal or external audit, or MLRO.
- Perform and review client and matter risk assessments and make risk-based decisions based on the analysis undertaken, escalating to senior management for approval as required.
- Provide AML advice and support to internal stakeholders: attorneys and EAs.
- Assisting in internal and external audits.
- Perform investigations where there are ML/CTF suspicions regarding clients and/or matters and escalate findings clearly and concisely for internal review by the, MLCO and MLRO.
- Manage relationships with key internal stakeholders: members, attorneys, EAs, Matter Management, New Business & Conflicts, MLCO, MLRO.
- Act as a point of contact for the Firm's central New Business & Conflicts team and other internal teams in order to resolve challenges with matter opening timely and efficiently.
- Periodically evaluate existing clients working with members and attorneys in order to keep CDD and risk assessments on client files up to date.
- Assist with any other compliance related matters or projects as identified and assigned by the Head of International Risk & Compliance.
Risk & Compliance Analyst requirements:
- Excellent communication skills.
- Ability to meet tight deadlines while delivering first-class service.
- Proven ability to build and develop stakeholder relationships.
- Strong understanding of anti-money laundering requirements and related financial crime risks relevant to a law firm.
- Experience using third-party providers to run searches in connection with AML and conflicts; experience with AML/KYC/Due Diligence processes and systems.
- Experience with AML monitoring and screening.
- Collaborating with stakeholders in different offices across different time zones.