Anti-Money Laundering Analyst 6-Month FTC
Posted 2 weeks ago by RedLaw Recruitment
£55,000 Per year
Undetermined
Undetermined
London Area, United Kingdom
Summary: The role of Anti-Money Laundering Analyst involves joining a prominent US law firm's AML team for a 6-month contract, with a strong potential for extension. The analyst will be responsible for conducting due diligence checks, maintaining AML records, and assessing risk profiles of clients. The position requires a proactive approach to managing files and compliance with AML policies and regulations. Candidates should have a minimum of 2 years of experience in an AML role within a law firm and possess strong organizational and communication skills.
Key Responsibilities:
- Completing client and matter due diligence checks.
- Reporting to the firm's MLRO, maintaining and updating the firm's AML records.
- Investigating control and ownership structures.
- Researching and reporting on ownership information to identify or discount ultimate beneficial owners.
- Assessing risk profiles of new and existing clients through independent research and review of CDD materials.
- Conducting due diligence using various third party and internal databases, including with respect to source of wealth and source of funds.
- High-risk factor identification and mitigation, including sanctions issues, PEPs, jurisdiction, and industry.
- Taking proactive ownership of “low to medium” files for CDD clearance in accordance with the Firm’s policies and procedures.
- Assisting with ongoing monitoring of clients and matters in relation to AML.
- Maintaining an understanding of the Firm’s AML policies, controls, and applicable law, regulation, and guidance.
Key Skills:
- 2+ years’ experience within the AML team of a law firm.
- Educated to A Level degree or equivalent.
- Excellent organization skills and attention to detail.
- Excellent communication skills.
- Ability to work effectively both as part of a team and independently.
Salary (Rate): £55,000.00 yearly
City: London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: Mid-Level
Industry: Legal
I am partnering with a top US Law firm who are looking for an AML analyst to join their growing anti-money laundering team for a 6 month contract (with strong possibility of extension). Role responsibilities:
- Completing client and matter due diligence checks.
- Reporting to the firm's MLRO, maintaining and updating the firm's AML records.
- Investigating control and ownership structures.
- Researching and reporting on ownership information to identify or discount ultimate beneficial owners.
- Assessing risk profiles of new and existing clients through independent research and review of CDD materials.
- Conducting due diligence using various third party and internal databases, including with respect to source of wealth and source of funds.
- High-risk factor identification and (where applicable) mitigation, including (but not limited to) sanctions issues, PEPs, jurisdiction and industry.
- Taking proactive ownership of “low to medium” files for the purpose of applying CDD clearance for relevant parties and matters, in accordance with the Firm’s policies and procedures and with minimal supervision.
- Assisting with ongoing monitoring of clients and matters in relation to AML.
- Maintaining an understanding of the Firm’s AML policies, controls and procedures and the applicable law, regulation and guidance upon which they are based.
Role requirements:
- 2+ years’ experience within the AML team of a law firm.
- Must be educated to A Level degree or equivalent
- Excellent organization skills and attention to detail.
- Excellent communication skills and the ability to work effectively both as part of a team and independently.