AML Compliance Assistant

Larbey Evans Ltd; London; On-site; GBP 35,000 - 45,000; Full time

Job summary

An innovative law firm is seeking a dedicated AML Compliance Assistant to join their team. In this exciting role, you will be responsible for ensuring compliance with AML requirements and conducting thorough due diligence on clients and counterparties. You will leverage your expertise in AML and sanctions legislation to perform critical research, summarize findings, and assist in the development of training for staff. This position offers a hybrid working arrangement, allowing for a balance between office and remote work. Join a forward-thinking firm that values your contributions and provides a supportive environment for professional growth.

Benefits

Private Health Care

Life Insurance

Flexible Working Hours

Qualifications

• Minimum of 1 year’s experience in AML and/or sanctions compliance.
• Knowledge of AML, CTF, and sanctions legislation across Europe and Asia.

Responsibilities

• Conduct due diligence on clients and third parties through research.
• Perform searches for Politically Exposed Persons and sanctions.
• Assist in training development for lawyers and staff.

Skills

AML Compliance

Research Skills

Risk Assessment

Knowledge of CTF and Sanctions Legislation

Education

Experience in AML Compliance

Tools

Research Tools

Firm Software

Job description

Innovative US law firm who work with market leading global clients within emerging industries, are seeking a new AML Compliance Assistant on a permanent basis. They will be responsible for fulfilling AML requirements and carrying out necessary processes for London and other offices. The firm are open to looking at Paralegals or Future Trainees with AML experience.

• Salary up to £45,000
• Hybrid working – 3 days in the office / 2 days remote
• Great benefits inc. private health care, life insurance
• 9:30am - 5:30pm

AML Compliance Assistant Key Responsibilities:

• Performing due diligence on clients, counterparties and third-party payors through research and liaising with fee earners, secretaries and the finance team.
• Performing Politically Exposed Person, adverse press and sanctions searches using a variety of research tools.
• Summarising results of research and drafting and circulating client risk assessments and matter risk assessments.
• Updating Firm software and databases with relevant information to ensure accuracy and consistency.
• Identifying and escalating red flags and higher risk matters as set out in Firm policy.
• Performing ongoing monitoring on completed AML files and periodic checks on personal identification documentation obtained as necessary.
• Assisting with the development and presentation of training for lawyers and business services staff.
• Assisting with updates to practice wide risk assessments and policies as required.

AML Compliance Assistant Key Skills & Requirements:

• A minimum of 1 year’s experience working in an AML and / or sanctions compliance environment within a global law firm.
• Knowledge of AML, CTF and sanctions legislation and guidance across Europe and Asia.
• Experience of performing diligence checks (including research and risk assessments) on entities and individuals.