AML/KYC Analyst
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
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Benefits offered by this job
Job summary
Qualifications
- Excellent analytical, troubleshooting, organizational, and planning skills.
- Demonstrates effective interpersonal and communication skills, both verbally and in writing.
- Ability to handle multiple projects and shifting priorities.
Responsibilities
- Perform analysis of prospective clients to assess viability and risk levels.
- Research and document relationships between new and existing clients.
- Conduct enhanced due diligence for higher-risk clients.
- Manage economic sanctions-related alerts ensuring compliance.
- Update and maintain client records and databases for compliance.
Skills
Education
Tools
Job description
Join to apply for the AML/KYC Analyst role at Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Skadden, Arps, Slate, Meagher & Flom LLP has forged a reputation as one of the most prestigious law firms in the world. Relying on innovation, intellect, teamwork and tenacity, our lawyers deliver the highest quality advice and novel solutions to our clients’ legal issues. We are known for handling the most complex transactions, litigation/controversy issues, and regulatory matters, as well as for the strong partnerships we build with clients and each other. Our attorneys, who reflect a broad range of experiences and perspectives, work together seamlessly across 50-plus practices and 21 offices in the world’s major financial centers.
We are seeking an AML/KYC Analyst to join our Firm. This position can be based in our New York, Los Angeles, Palo Alto, Chicago, or Houston offices and offers a fully remote work model (please note that the Firm will not sponsor applicants for work visas for these positions). There are multiple shifts available:
- Weekdays, Monday - Friday
- 2:00 pm – 10:00 pm ET
- Friday: 2:00 pm – 10:00 pm ET
- Monday: day or evening shift
- Performs analysis of prospective clients, including enhanced due diligence, synthesizes findings and reports to management, partners and committee members for effective assessment of viability and risk level of prospective clients.
- Researches and documents relationships between the Firm’s new and existing clients, identifying corporate structures to facilitate accurate and current reporting.
- Manages and responds to economic sanctions-related alerts (OFAC, EU, UK), ensuring compliance with applicable regulations.
- Conducts enhanced due diligence for higher-risk clients based on geopolitical, economic, reputational, and sanctions considerations including ongoing review of higher-risk clients and matters.
- Analyzes and follows up on documentation and information necessary to comply with the Firm’s jurisdictional specific KYC/AML regulatory requirements.
- Assists in the operationalization of the Firm’s AML, Sanctions, FARA and Tax Evasion Prevention Policies.
- Identifies and addresses non-compliance and risk assessment issues, collaborating with management and partners to resolve.
- Updates and maintains client records and internal databases to keep current with compliance status of clients, the department and Firm's KYC/AML guidelines and procedures, active sanctions restrictions, as well as new regulations and requirements.
- Conducts comprehensive risk assessments on new clients evaluating AML risk, financial viability with respect to bill payment, reputational risk, political connections, bankruptcy, and criminal records.
- Reviews client invoices and collections to ensure legitimacy and AML/KYC regulatory compliance.
- Reviews client engagement information for accuracy and coordinates with partners and committee members to ensure the Firm’s compliance with the Foreign Agents Registration Act (FARA) and assess the risk of tax evasion.
- Provides guidance and training to partners and staff regarding the Firm's KYC/AML procedures and jurisdictional requirements.
- Provides support to partners and staff to facilitate new business intake.
- Manages multiple complex client analysis projects (e.g. jurisdiction, sanctions, and industry related reports and analysis).
- Understands and responds to inquiries from partners, other attorneys as well as staff and demonstrates this understanding through the use of effective written and verbal communication.
- Actively seeks to enhance knowledge of all Firm procedures and processes.
- Manages Firm resources responsibly.
- Complies with and understands Firm operation, policies and procedures.
- Performs other related duties as assigned.
- Knowledge of relevant firm computer software programs (e.g., Word, Outlook, Excel, PowerPoint), with the ability to learn new software and operating systems
- Knowledge of Aderant with respect to client matter intake process and billing-function
- Ability to perform Internet research using various search functions
- Excellent analytical, troubleshooting, organizational, and planning skills
- Demonstrates effective interpersonal and communication skills, both verbally and in writing
- Ability to read, interpret and follow instructions
- Ability to meet deadlines
- Ability to handle multiple projects and shifting priorities
- Ability to handle sensitive matters and maintain confidentiality
- Ability to organize and prioritize work
- Ability to work well in a demanding and fast-paced environment
- Ability to work well independently as well as effectively within a team
- Ability to use discretion and exercise independent and sound judgment
- Flexibility to adjust hours and work the hours necessary to meet operating and business needs
- Minimum of two years KYC/AML experience and/or other similar law firm experience
What makes Skadden special is our people and the culture, community and spirit of collaboration we have created. We believe in teamwork and inspiring each other to be our best in an atmosphere that promotes professionalism and excellence in all that we do. We know that inclusion and drawing on the strength of a wide spectrum of talent only make us better and is vital to the firm’s success. Our goal is for everyone at the firm to enjoy a challenging career with opportunities for development and growth and to support the well‑being of our attorneys and business services professionals.
The overall well‑being of our team is important to us. We offer generous benefits to help you achieve wellness in all areas of your life.
- Competitive salaries and year-end discretionary bonuses.
- Comprehensive health care (medical, dental, vision), savings plan/401(k) and voluntary benefits.
- Generous paid time off.
- Paid leave options, including parental.
- In-classroom, remote, and on-demand learning and professional development opportunities.
- Robust well‑being classes and programs.
- Opportunities to give back and make an impact in local communities.
For further details, please visit: https://www.skadden.com/careers/staff/employee-benefits
$85,000 - $95,000
Skadden is an Equal Opportunity Employer (Disability/Vet/other protected categories). For more information, please visit Skadden.com/careers.
Not Applicable
Full-time
Legal and Analyst
Law Practice
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