Anti-Money Laundering Analyst

About this role

Shepherd and Wedderburn are currently recruiting for an AML Analyst to join their team based in Edinburgh.

Duties include -

• Ensure the firm’s ongoing compliance with Anti-Money Laundering (AML) Regulations
• Monitor funds received into the firm’s client account
• Report unusual activity to the firm’s MLRO
• Deal with client and matter management on the firm’s practice management system as required
• Undertake any other reasonable duties as requested by your line manager

Specific Accountabilities

• Review client due diligence (CDD) forms and documentation received from fee earners and ensure that they comply with AML Regulations and the firm’s internal policies, controls and procedures.
• Challenge where required the content of CDD forms and directly liaise with fee earners/PAs to obtain a satisfactory response.
• Timeously check in and appropriately respond to CDD forms and documentation received including correspondence and emails received by the AML team.
• Report on clients who do not have appropriate CDD and liaise with fee earners/PAs to ensure this is obtained.
• Provide advice and guidance to the firm’s fee earners/PAs in order to assist them in ensuring appropriate CDD is obtained to comply with AML Regulations.
• Undertake verification of identity checks and checks for sanctions, politically exposed persons and adverse new using electronic search products.
• Review incoming funds to the firm’s client account and assess whether they are from an acceptable source for AML purposes; liaise with fee earners and Cashroom team members to resolve queries in line with the firm’s policies, controls and procedures.
• Prepare and revie risk assessments of clients and matters as necessary.
• Assist with the design and implementation of new AML policies, controls and procedures.
• To undertake any other reasonable duties as requested by your line manager.

Skills/Experience

Essential

• Excellent analytical skills
• Ability to work under pressure, to strict deadlines and to exercise initiative
• Ability to solve problems in a practice and methodical way
• Excellent customer service attitude and strong attention to detail are essential
• Excellent written and verbal communication skills
• Competency in Word, Excel and Powerpoint
• Willingness to take responsibility for decisions

Desirable

• Previous experience of working in commercial, law, banking or financial environment
• Experience in a compliance/risk management role
• Operational experience of AML compliance

To view the full details of the role and submit an application, please click apply.

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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.