AML Analyst - (Any Michelmore Office) Exeter, England
Job description
Role Purpose
Assisting the Business Intake Manager and Money Laundering Reporting Officer (MLRO) in carrying out identity verification (KYC/CDD), AML, PEPs and Sanctions checks for new and existing clients and third parties, liaising with key stakeholders where necessary and identifying and escalating higher risk clients and matters to the Governance & Risk legal team and/or the MLRO/deputy MLRO where appropriate. Ensuring that the Firm's due diligence on its clients meets compliance requirements and is properly recorded.
Role Requirements & Responsibilities
Operational Excellence
- Understanding of rules around AML and sanctions and experience of applying them.
- Researching, identifying, and verifying parties using online data providers and other resources.
- Analysing and establishing the corporate structure for clients where relevant and tracing up to the ultimate beneficial owners.
- Researching and identifying PEPs, sanctioned entities and individuals, and high-risk parties using appropriate screening tools.
- Assisting with ongoing monitoring for existing clients and updating CDD for existing clients.
- Identifying risks or gaps within the KYC/CDD process.
- Escalating AML concerns to the Business Intake Manager and Risk Lawyers for resolution.
- Maintaining the AML documentation and system on a regular basis.
- Demonstrating an understanding of the Money Laundering Regulations.
- Demonstrating an understanding of the Legal Sector Affinity Group (LSAG) Guidance.
- Ensuring that all records, both paper and electronic, are filed and maintained to a high standard.
- Working under pressure to meet deadlines.
Service Excellence
- Liaising with internal stakeholders in a timely, professional, and courteous manner.
- Maintaining confidentiality in respect of those matters which are commercially sensitive or secret and only share them with colleagues and others on a need-to-know basis who are themselves bound by an obligation of confidentiality.
- Ensuring that all AML enquiries are managed in a timely and efficient manner.
Marketing, Sales, and Communication
- To always maintain effective and friendly communications with all other members of staff
Management and Leadership
- Support other team members by sharing knowledge and ensuring own and others' skills are developed.
- Seek to develop and implement ideas for improving service delivery or ways of working within the team.
Financial Management
- Reviewing Source of Funds and Source of Wealth information and documentation.
Experience and Qualifications Required
- Good GCSE grades at C or above
- Experience in KYC/AML within a law firm or other professional services business desirable
- Experience using Intapp Intake and Conflicts system desirable.
- Experience of analysing complex corporate and trust structures and source of wealth / source of funds desirable
Special Skills and Personal Attributes
- Excellent communication skills, both verbal and written.
- Ability to work within a team and to communicate effectively with all levels across the firm.
- Ability to manage high volumes of work.
- Excellent attention to detail.
- Good organisational skills with a methodical approach towards workloads.
- Ability to work using own initiative
- Knowledge of the Money Laundering Regulations and LSAG Guidance preferred although training will be given
Disclaimer
The above detail is not exhaustive and may be subject to change as the business requirements change and/or as you develop and evolve within the role.
Michelmores is an equal opportunity employer.
Job Types: Full-time, Permanent
Benefits:
- Company pension
- On-site parking
- Private medical insurance
- Referral programme
- Wellness programme
- Work from home
Schedule:
- Monday to Friday
- No weekends
Supplemental pay types:
- Performance bonus
Work Location: Hybrid remote in Exeter, EX2 5WR
