AML/KYC Analyst

skadden; United States; Hybrid; USD 90,000 - 130,000; Full time

Job summary

Skadden, Arps, Slate, Meagher & Flom LLP seeks an AML/KYC Analyst for our New York City office on a hybrid schedule. The candidate will conduct complex research, perform enhanced due diligence, monitor sanctions alerts, and ensure compliance with KYC/AML requirements and related obligations, supporting risk assessment and reporting to senior management and Partners.

Two+ years of KYC/AML experience in a law firm or financial services setting, strong analytical abilities, meticulous attention to

Qualifications

• Bachelor's degree in a relevant field.
• Minimum of two years KYC/AML experience in a law firm or similar setting.
• Strong analytical and communication skills.

Responsibilities

• Conduct enhanced due diligence for prospective clients and report findings to management and partners.
• Research and document relationships between the firm's new and existing clients and identify corporate structures.
• Manage and respond to sanctions-related alerts (OFAC, EU, UK) to ensure regulatory compliance.
• Perform risk assessments on new clients including geopolitical, reputational, and sanctions considerations.
• Support the Firm's KYC/AML policies and assist with policy operationalization.

Skills

KYC/AML experience

Research & analysis

Regulatory compliance

Data management

Education

Bachelor's degree

Tools

Word

Outlook

Excel

PowerPoint

Aderant

Job description

About Us

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.

The Opportunity

We are seeking an AML/KYC Analyst to join our Firm. This position will be based in our New York City office (hybrid).

The AML/KYC Analyst conducts complex research, analyzes documents and data, and ensures compliance with the Firm's KYC/AML requirements and sanctions obligations. This position manages multiple complex client analysis projects, facilitates risk analysis for new and prospective clients, and addresses compliance issues to support informed decision-making across the Firm including apprising senior management and Partners of changes in client risk profile, based on ongoing monitoring and regulatory changes.

• 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) alerts, 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, collaborates 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 to include review and analysis of new clients for 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, attorneys, and business services professionals regarding the Firm's KYC/AML procedures.
• Manages multiple complex client analysis projects (e g. jurisdiction, sanctions, and industry related reports and analysis).
• Understands and responds to inquiries from partners, attorneys as well as business services professionals and demonstrates this understanding using effective communication.

Qualifications

• 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.
• Demonstrates close attention to detail.
• Ability to organize and prioritize work.
• Ability to work well in a demanding and fast-paced environment.
• 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.

Education and Experience

Bachelor's degree.

• Minimum of two years KYC/AML experience and/or other similar law firm experience.

Culture & Life at Skadden

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