Anti-money Laundering - London, United Kingdom - bakermckenzieuk

bakermckenzieuk

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Role purpose
To undertake AML processes such as Client Due Diligence (CDD), Risk Assessments, Monitoring, and Reporting.

This role requires risk-based analysis and decision-making and proactive collection and validation of required information to support timely client onboarding and matter processing in line with regulatory requirements.

You 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, reviewing and verifying 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, escalating 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 riskbased 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, MLCO, and 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 Compliancerelated matters or projects as identified and assigned by the AML Compliance Manager

About the team

Function
The Operations function provides the following services to the Firm:

Support strategic decision-making from a risk management perspective
Manage the Firm's exposure to risk via the early identification of possible Conflicts of Interest, Anti-Money Laundering / Know Your Client compliance issues, and employ risk mitigation strategies to minimize the Firm's exposure
Manage Partner compliance to the provisions outlined in the Firm's Attorney Manual
Manage risk connected to client contractual agreements with the Firm
Support the Firm's client onboarding and matter opening process

This report will report to the AML Compliance Manager.

The key relationships of this role will be with the following:

Deputy AML Compliance Manager
AML Compliance Manager
Matter Management Team
Senior Risk & Compliance Associate
Money Laundering Compliance Officer (MLCO)
In-Market lawyers and management
In-Market business teams
New Business Intake

Technical skills, qualifications and experience

Bachelor's degree required (2:1 or above preferred)
Law degree / LPC preferred
Strong understanding of AML/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 (min. 1 year)
Strong analytical and research skills
Experience with AML/KYC/Due Diligence processes and systems
Experience with AML monitoring and screening
Ability 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 decisionmaking capabilities
Team player adaptable to a fastpaced and changing environment
Good planning, time management, and prioritization skills
Ability to work independently and also to liaise with other departments

Personal qualities
These personal qualities represent the shared characteristics of high performers across Baker McKenzie, regardless of job level and location.

Know how

Keeps across key developments in all relevant areas and demonstrates the ability to develop substantive authority in relation to the Firm's specialist fields
Demonstrates the ability to identify the real issue, and to anticipate requirements and potential consequences; distils a range of possibilities by thinking in a considered, prudent manner
Able to move through a variety of tasks requiring different approaches, knowledge, and expertise, with agility of mind and cap