Compliance Analyst

TN United Kingdom; Bristol; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is looking for a Compliance Analyst to join their dynamic team. In this role, you will manage compliance assessments for high-risk clients, ensuring adherence to Money Laundering Regulations. You will collaborate with various teams, conduct thorough research, and maintain up-to-date client information. This innovative law firm values diversity and offers a flexible working approach, competitive salaries, and benefits that enhance work-life balance. If you are detail-oriented and thrive in a fast-paced environment, this opportunity is perfect for you.

Benefits

Private Medical Insurance

Flexible Working Approach

Increased Holiday Entitlements with Service

Qualifications

• Experience in compliance within a law firm, specifically in conflict checking.
• Strong research and analytical skills are essential for this role.

Responsibilities

• Manage assessments for high and medium risk clients and ensure compliance.
• Collaborate with teams to maintain client information and mitigate risks.
• Conduct source of funds and wealth reviews, making risk mitigation decisions.

Skills

Research Skills

Analytical Skills

Organizational Skills

Communication Skills

Attention to Detail

Compliance Knowledge

Conflict Checking

Education

Legal Qualification

Job description

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We are recruiting for an Assistant or Analyst to join our Can I Act team.

Your Role

As a Compliance Analyst, your daily responsibilities include:

1. Managing and implementing assessments for all high and medium risk clients, including reviewing client information, re-completing AML client risk assessments, and updating CDD accordingly.
2. Addressing any non-compliance issues in line with internal policies.
3. Collaborating with Client Relationship Partners (CRPs) to ensure AML reviews are consistent with current client information, business, and risk profile, and that relevant data is up-to-date.
4. Contacting clients directly to explain Money Laundering Regulations requirements and to gather necessary information and documentation for compliance.
5. Monitoring and analyzing matter risk assessments at the start of each matter and before fund transfers.
6. Ensuring the firm is comfortable acting in specific circumstances and that internal controls are appropriately adjusted to the risk level.
7. Flagging high-risk factors for further investigation.
8. Following business acceptance procedures for all clients and firm work, and proactively ensuring fee earners understand and comply with these procedures, including attending meetings and committees.
9. Liaising with fee earners and internal teams to assess whether CDD requirements are met and to mitigate identified risks.
10. Reviewing and analyzing CDD documents for AML compliance, identifying missing information, seeking enhancements, and referring issues to TM or Risk teams as needed.
11. Reviewing company databases, researching organizations, and conducting electronic verification searches using bespoke software.
12. Advising fee earners on complex CDD requirements, including layered beneficial ownership.
13. Conducting source of funds and source of wealth reviews and making risk mitigation decisions.

Your Skills and Experience

• Strong research and analytical skills.
• Excellent organizational skills with the ability to prioritize tasks.
• Effective communication skills suitable for interacting at all levels.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Attention to detail, accuracy in data inputting.
• A legal qualification is preferred but not essential.
• Experience working in compliance within a law firm, specifically in conflict checking and CDD/KYC.
• At least one year of conflict checking experience is required for this role.

Your Team

Can I Act is a shared service team within 'TLT ReSource', handling volume compliance tasks such as conflict checking, client due diligence, and source of funds checks for the firm. The team comprises 14 compliance professionals, managed daily by the Team Manager, with strategic oversight by the Risk Manager in Risk & Compliance.

About TLT

TLT is a fast-paced, growing, and innovative law firm serving high-profile clients across various sectors. With over 1,200 employees across the UK and international partners in Europe, India, and the US, we were named The Lawyer’s Law Firm of the Year in 2021. Our purpose is to protect, prepare, and progress our clients and our communities. We promote an open, collaborative culture that values diversity, voice, and contribution.

We offer competitive salaries, benefits including holiday entitlements that increase with service, private medical insurance, and a fully flexible working approach that supports work/life balance and hybrid working models.