Aml Specialist - London, United Kingdom - Simmons & Simmons LLP

Simmons & Simmons LLP

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Job title:
AML Specialist

Department:
Business Acceptance

Location:
Bristol or London

Main purpose of the role:

To assist the Business Acceptance Manager and MLRO by carrying out AML and sanctions checks for new and existing clients and third-party payers, liaising with partners where necessary, and identifying and escalating higher risk clients/matters to the Risk legal team and/or the MLRO/deputy MLRO where appropriate.

To ensure that the firm's due diligence on its clients meets compliance requirements and is properly recorded.

Main duties and responsibilities:

Researching, identifying and verifying parties using online data providers and any other online resources.
Analysing and establishing the corporate structure for clients where relevant and tracing up to the ultimate beneficial owners.
Advising partners on further details that are required from the client in the event that information is not available in the public domain or documentation is required on identified individuals.
Researching and identifying PEPs, sanctioned entities and high risk parties using appropriate tools.
Seeking sign off from the Business Acceptance Management, Risk legal team or MLRO where necessary and advising them on approach and putting forward recommendations based on mitigating factors
Assisting with ongoing monitoring for existing clients and updating CDD for existing clients.

Person specification:

Education / Qualifications:

Strong Academics Preferred

Knowledge and Technical Skills:

A strong understanding of the antimoney laundering rules, Legal Sector Affinity Guidance and KYC (Know your client) requirements
Familiarity with a variety of international corporate structures
Broad IT skills and familiarity with client onboarding/workflow systems

General Skills: