AML/KYC Analyst

About this role

Conducts complex research, analyzes documents and data, and ensures compliance with the Firm's KYC/AML requirements and sanctions obligations. Manages multiple complex client analysis projects, facilitates risk analysis for new and prospective clients, and addresses compliance issues to support informed decision-making across the Firm including apprising senior management and Partners of changes in client risk profile, based on ongoing monitoring and regulatory changes.

ESSENTIAL FUNCTIONS

• Performs analysis of prospective clients, including enhanced due diligence, synthesizes findings and reports to management, partners and committee members for effective assessment of viability and risk level of prospective clients.
• Researches and documents relationships between the Firm's new and existing clients, identifying corporate structures to facilitate accurate and current reporting.
• Manages and responds to economic sanctions-related alerts (OFAC, EU, UK) alerts, ensuring compliance with applicable regulations.
• Conducts enhanced due diligence for higher-risk clients based on geopolitical, economic, reputational, and sanctions considerations including ongoing review of higher-risk clients and matters.
• Analyzes and follows up on documentation and information necessary to comply with the Firm's jurisdictional specific KYC/AML regulatory requirements.
• Assists in the operationalization of the Firm’s AML, Sanctions, FARA and Tax Evasion Prevention Policies.
• Identifies and addresses non-compliance and risk assessment issues, collaborates with management and partners to resolve.
• Updates and maintains client records and internal databases to keep current with compliance status of clients, the department and Firm's KYC/AML guidelines and procedures, active sanctions restrictions, as well as new regulations and requirements.
• Conducts comprehensive risk assessments on to include review and analysis of new clients for AML risk, financial viability with respect to bill payment, reputational risk, political connections, bankruptcy, and criminal records.
• Reviews client invoices and collections to ensure legitimacy and AML/KYC regulatory compliance.
• Reviews client engagement information for accuracy and coordinates with partners and committee members to ensure the Firm’s compliance with the Foreign Agents Registration Act (FARA) and assess the risk of tax evasion.
• Provides guidance and training to partners, attorneys, and business services professionals regarding the Firm's KYC/AML procedures.
• Manages multiple complex client analysis projects (e g. jurisdiction, sanctions, and industry related reports and analysis).
• Understands and responds to inquiries from partners, attorneys as well as business services professionals and demonstrates this understanding through the use of effective communication.
• Actively seeks to enhance knowledge of all Firm procedures and processes.
• Demonstrates effective interpersonal, written and verbal communication skills to facilitate effective work relationships with others.
• Manages Firm resources responsibly.
• Complies with and understands Firm operation, policies and procedures.
• Performs other related duties as assigned.

ESSENTIAL KNOWLEDGE, SKILLS, ABILITIES AND OTHER JOB-RELATED COMPETENCIES

• Knowledge of relevant firm computer software programs (e.g., Word, Outlook, Excel, PowerPoint), with the ability to learn new software and operating systems
• Knowledge of Aderant with respect to client matter intake process and billing-function
• Ability to perform internet research using various search functions
• Excellent analytical, troubleshooting, organizational, and planning skills
• Demonstrates effective interpersonal and communication skills, both verbally and in writing
• Demonstrates close attention to detail
• Ability to read, interpret and follow instructions
• Ability to meet deadlines
• Ability to handle multiple projects and shifting priorities
• Ability to handle sensitive matters and maintain confidentiality
• Ability to organize and prioritize work
• Ability to work well in a demanding and fast-paced environment
• Ability to work well independently as well as effectively within a team
• Ability to use discretion and exercise independent and sound judgment
• Flexibility to adjust hours and work the hours necessary to meet operating and business needs

EDUCATION AND EXPERIENCE

• Bachelor's degree
• Minimum of two years KYC/AML experience and/or other similar law firm experience

About compliance & regulatory roles for ex-police

Compliance, AML and regulatory roles. Working to PACE, RIPA and CPIA is a stronger regulatory grounding than most civilian applicants can offer — firms increasingly recognise this.