AML Analyst London, England
Job description
We have 1x permanent role in the team and 1x FTC that has the option to be remote.
The role:
To assist the AML Team 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.
What will you do:
- Understanding of rules around anti-money laundering and sanctions and experience of applying them.
- 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 AML Team Manager, Risk legal team or MLRO where necessary and advising them on approach.
- Assisting with ongoing monitoring for existing clients and updating CDD for existing clients.
What we are looking for:
- Strong Academics Preferred
- ICA qualification in Compliance or Anti-Money Laundering (or equivalent) desirable
- A strong understanding of the anti-money laundering rules and KYC (Know your client) requirements
- Familiarity with a variety of international corporate structures
- Broad IT skills and familiarity with client onboarding/workflow systems
Here at Simmons & Simmons:
We believe our people define us. Our working environment is genuinely collegiate with a supportive atmosphere and team ethos - we have a reputation for being a friendly culture which we are very proud of. An inclusive and diverse culture, our innovative approach and being truly international are just a few more things that make us, us.
- Competitive Offer Package including bonus's dependant on role/level, private medical insurance & pension contribution to name a few.
- Our global skills academy provides our people - regardless of their role and location - with the best learning opportunities the firm has to offer (including podcasts, short videos, live workshops and practical learning experiences).
- Dress 'for your day' Code.
- Hybrid working approach of 2 days a week required in the office with flexibility dependant on role/team/client demands.
- A wide range of international offices including: Hong Kong; Dubai; Tokyo; Dublin; Milan; Bristol; Madrid; Singapore.
- All offices have their own artwork collections - with a Damien Hurst and a Tracey Emin in the London office. We have a long standing history in supporting the art community especially up and coming artists.
- The creation of Simmons & Simmons Solutions - bringing together the best legal advice from our established legal teams with non-traditional capabilities that enhance, expand and differentiate the Simmons offering.
- Top 50 Employer for Social Mobility in the Social Mobility Employer Index 2021 (we have received this award five times).
- We have Social and Sport Committees contributing to Xmas & Summer parties, end of month social and various sporting events.
- We also have a range of Diversity Network Groups including LGBT+, Emerge (Race & Ethnicity) and The Number One Club (Women's network) who have organised various talks and events firmwide.
If you are interested in finding out more about this position then please contact the Recruitment Team with any questions. To apply for the role please click on the link at the bottom of the page/visit the career pages on our website, where there is also a detailed job description.
