Compliance Analyst

Weil, Gotshal & Manges LLP; Camden Town; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading law firm in Camden Town is seeking a Compliance Analyst to join their experienced team. The role involves key responsibilities in anti-money laundering compliance, assisting with new business acceptance, and providing regulatory support. The ideal candidate will have strong communication skills, experience in a law firm, and a good knowledge of compliance processes. A competitive compensation package and benefits are offered.

Benefits

Contributory Pension Scheme

Private Medical Insurance

On-site Gym

Qualifications

• Good knowledge of Microsoft Office and strong IT literacy - essential.
• Good use of written and oral English - essential.
• Experience of working with various levels of personnel to deliver agreed outcomes - essential.

Responsibilities

• Focus on anti-money laundering and sanctions compliance.
• Assist with management of team inbox and workflow.
• Work with IT department to maintain existing compliance systems.

Skills

Good organisational skills

Good communication skills

Strong attention to detail

Self-motivated and able to take initiative

Ability to prioritise

Education

Degree or equivalent relevant qualifications

Tools

Microsoft Office

Job description

The Compliance Team is responsible for providing legal, risk and regulatory advice and support to the London office. It assists the firm in managing new client and business acceptance and general compliance matters. This role will be part of a busy and experienced team which includes Compliance Analysts, Compliance Manager, Compliance Lawyers and the Compliance Director.

The role will focus on anti-money laundering but will also involve working with the Compliance Team on a broad range of new business acceptance and compliance issues. The London Office Management takes a keen interest in compliance issues and the function is also supported by the Compliance Officer for Legal Practice, Compliance Officer for Finance and Administration, the Money Laundering Reporting Officer and the General Counsel.

Key Duties and Responsibilities

Anti-Money Laundering and Sanctions:

• Develop and maintain an understanding of the firm's anti-money laundering and sanction policies and procedures.
• Draft well-organised written analysis for fee earners and the MLRO.
• Complete client and matter checks including investigating company ownership and carrying out risk assessments, liaising with partners, fee earners and the MLRO where necessary.
• Carry out checks on suppliers or third parties as required, including client account payments.
• Assist with monthly reporting to the MLRO.
• Manage documentation obtained to verify clients and keep the team's verification database up-to-date.
• Proactively monitor status of anti-money laundering checks and ensure they are completed in good time, liaising closely with the Accounts team.
• Identify when clients are due to be reverified.
• Assist with the high risk ongoing monitoring process and create alerts as appropriate.
• Conduct sanctions checks and maintain the sanctions database.
• Keep abreast of changes to AML and sanctions regulations, guidance and market practice and update team procedures where necessary.

General / administration:

• Assist with management of team inbox and workflow and respond to queries from fee earners, secretaries and business support teams as appropriate.
• General day-to-day support to the team, including assisting the Compliance Manager, Senior Compliance Counsel and Compliance Director.
• Work with IT department to maintain existing compliance systems and develop improvements.
• Assist with the execution of projects across the team.
• Provide support to junior members of the team.

Conflicts and compliance:

• Develop and maintain an understanding of the firm's various compliance-related policies and procedures, including the firm's conflicts processes.
• Assist with lateral hire clearances and external appointment reviews.
• Assist with audit letter responses.
• Liaise with the NY Conflicts team on queries relating to screening and access requests.

Requirements

• Good knowledge of Microsoft Office and strong IT literacy - essential.
• Good use of written and oral English - essential.
• Experience of working with various levels of personnel to deliver agreed outcomes - essential.
• Degree or equivalent relevant qualifications - desirable.
• Experience within a compliance, legal conflicts management or risk team - desirable.
• Experience of working in a law firm - desirable.
• Knowledge of the SRA Rules and anti-money laundering legislation - desirable.

Skills and competencies

• Good organisational skills.
• Good communication skills.
• Enthusiastic team player with positive approach.
• Strong attention to detail.
• Keen to learn and adaptable to new systems, procedures and requirements of the role.
• Self-motivated and able to take initiative.
• Ability to prioritise, meet deadlines and remain calm under pressure.

Weil seeks the best and brightest talent to join our Legal and Business services teams. Our employees are the future of Weil and we invest in their training and development. Our environment embraces and encourages positive-minded professionals who seek to be challenged and acquire knowledge and skills in an atmosphere built on teamwork.

Weil offers a competitive compensation package which comprises of base salary and discretionary year-end bonus (for eligible employees). Benefits include, but are not limited to Contributory Pension Scheme, Life Assurance (4 x annual salary), Income Protection Scheme, Private Medical Insurance, GP Service, 25 days holiday, Subsidised Staff Restaurant, Health Screening, Annual Well Being Allowance, On-site Gym, Employee Assistance Programme and Season Ticket Loan.