Compliance Specialist Aml - London, United Kingdom - Ryder Reid Legal Ltd

Ryder Reid Legal Ltd

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Our global law firm client has an exciting new opportunity for a Compliance Specialist (AML) join their London office on a permanent basis.

The Compliance Specialist will be a key member of the London based Compliance Team who are responsible for all aspectsof law firm compliance, including managing the firm's anti-money laundering (AML) process, client verification, risk assessments and on-going monitoring.

Typical responsibilities include, but are not limited to, the following:

Maintain compliance with the firm's AML PCPs in line with the Money Laundering Regulations 2017, as amended and updated.
Revise and update the firm's existing PCPs based on applicable legislation and developing guidance.
Assist with regular independent audits and the design and implementation of appropriate audit improvement plans.
Remain up to date with and monitor legal and regulatory developments in AML compliance (including sanctions screening)
Ensure that new clients, new matters and thirdparty payers comply with the requirements of applicable AML legislation and the Firm's PCPs;
Conduct client due diligence research and PEP and sanctions screening using various thirdparty databases and webbased research.
Obtain information on and analyse source of wealth and source of funds.
Review, interpret and risk assess the results of the research and complete client and matter risk assessments.
Manage ongoing status monitoring and report internally as required.
Work closely with Team colleagues, lawyers, secretaries, the Compliance Team in Asia, the General Counsel Team in New York and the Firm's MLRO.
Respond to and communicate with partners, fee earners and staff at all levels relating to the interpretation of relevant legislation, regulation and the firm's PCPs.
Has the gravitas, understanding and patience to explain AML related requirements to overseas colleagues who may be unfamiliar with client due diligence and risk assessments.
Work with the Finance Team to ensure that adequate checks are conducted in connection with funds received into the firm's accounts.
Act as a first point of escalation and ensure enquiries about AML compliance are managed in a timely and efficient manner.
Gain a detailed understanding of the firm's Aderant new matter workflow so as to be able to respond to queries about this from all levels of staff.
Provide input into other AML related compliancebased projects, as required;
Work with the Compliance Assistant on their daytoday AML related work; provide support and monitoring for their development.

If you meet the above criteria, then please contact Ryder Reid Legal today for a confidential discussion.