Compliance Analyst 12m FTC

Charles Russell Speechlys LLP; City Of London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading law firm is seeking a candidate for its Compliance and Risk Team in London, focused on new business intake and legal compliance responsibilities. The ideal candidate should be degree qualified with a keen interest in anti-money laundering and good IT skills. This role adopts a hybrid working model, requiring flexibility and regulatory compliance expertise.

Qualifications

• Preference for a background in anti-money laundering and counter-terrorist financing work.

Responsibilities

• Carry out CDD on a full range of clients including individuals and companies.
• Conduct risk assessments during client onboarding.
• Use various databases to obtain CDD information.
• Perform adverse press research on prospective clients.
• Identify politically exposed persons and obtain management approval.
• Screen clients against the sanctions list.
• Answer queries regarding CDD requirements.

Skills

Experience with Elite and AML databases

Proficient use of Excel

Proficient use of Word

Proficient use of Outlook

Education

Degree qualified

Job description

The Compliance and Risk (C&R) Team is based in London and led by the firm’s General Counsel. The C&R Team advises the firm on all aspects of its legal and regulatory duties, including financial crime compliance, SRA STaRS, risk management, client engagement terms, complaints and claims, internal investigations, insurance, governance, external vendor contracts and data privacy. The legal team currently comprises 9 lawyers and 2 paralegals.

Roles and Responsibilities

New Business Intake

• Carrying out CDD on a full range of clients including individuals, companies and trusts analysing CDD material provided by clients and advising whether further information is needed to complete the CDD process;
• Carrying out risk assessments at client inception and also when CDD records are updated to see whether the client presents a higher than usual risk of money laundering;
• Using a wide range of databases such as World Check, Companies House, Orbis and Experian to obtain CDD information;
• Carrying out research to establish whether there is any adverse press about a prospective client and assessing its relevance;
• Carrying out searches to identify whether a client is a politically exposed person (PEP) and preparing emails for Senior Management approval;
• Carrying out searches against the HM Treasury consolidated sanctions list (sanctions screening);
• Answering queries from clients, partners, fee earners and other support staff about CDD requirements

Ad Hoc

• Where appropriate, carrying out conflicts searches using data submitted by partners and other fee earners & reporting back to the partner / fee earner on the results of the search;
• The role also involves assisting with certain administrative tasks such as keeping the team’s filing up to date, archiving and data entry;
• Assisting with file audits;
• Ongoing PEP monitoring and sanctions screening for payments using Worldcheck;
• Comply with all relevant legal and regulatory obligations including the Solicitors Regulation Authority (SRA) Standards and Regulations, and Principles.

Skills and experience

• Previous experience with Elite and AML databases would be an advantage.

Person specification

• The successful candidate will ideally be degree qualified;
• A particular interest in anti-money laundering and counter-terrorist financing work;
• Good IT skills including proficient use of Excel, Word and Outlook.

Competencies

• Working together
• Integrity and respect
• Inclusive
• Personal impact and growth
• Driving high standards
• Commercial mindset
• Client - centric
• Responsible Business

Hybrid working - We adopt a hybrid and flexible working approach, dependent on the requirements of the role and subject to manager approval.

For a detailed specification please download the job description in the documents section of this page.

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