At a Glance
- Tasks: Conduct detailed research and analysis for client onboarding and compliance.
- Company: Join Baker McKenzie, a leading global law firm with a collaborative culture.
- Benefits: Enjoy comprehensive health cover, income protection, and a supportive work environment.
- Other info: Dynamic team environment with excellent career growth and diversity commitment.
- Why this job: Make a real impact in the fight against financial crime while developing your career.
- Qualifications: Bachelor's degree or relevant experience; strong analytical and communication skills required.
The predicted salary is between 28350 - 34650 £ per year.
The AML/KYC Compliance Analyst (Anti-Money Laundering / Know Your Client) will undertake detailed analytical research of clients and parties globally to provide efficient and effective Client Due Diligence (CDD) services to Firm Partners and local offices in new and existing client registrations and matters. The role-holder will utilize knowledge and experience of Know Your Customer (KYC) and Anti-Money Laundering (AML), and Sanctions screening activities to carry out risk-based reviews and make decisions to support timely client onboarding and matter processing, ensuring compliance with ethical, legal, and regulatory requirements. They will review and disposition alerts generated through screening clients and parties; conduct beneficial ownership investigations, and undertake periodic reviews of existing client profiles.
Main Responsibilities
- Undertake day-to-day compliance activities in line with AML obligations.
- Provide all aspects of support to the Firm, its Partners, and offices about the AML/KYC function within New Business Intake (NBI).
- Diligently review and assess the AML and reputational risks associated with all new client and matter requests submitted via the Firms intake system (Intapp) to perform KYC/CDD.
- Perform detailed investigations to identify the presence of Politically Exposed Persons (PEPs) or Closely Related Associates (CRAs), Adverse Media, and Sanctions, utilizing several trusted industry sources (such as World-Check, D&B, Hoovers, Lexis), providing a concise rationale for false or positive match decisions.
- Conduct independent verification of client due diligence information using additional research methods.
- Make sound and educated decisions regarding the existence and validity of possible AML, Sanctions, or reputational concerns and complete subsequent follow-up activities.
- Conduct thorough beneficial ownership investigations to provide results to local offices and ensure compliance with Firm policies and procedures.
- Thoroughly document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders, e.g. Regulators, Audit, Risk, and Compliance.
- Provide results of screening and client due diligence undertaken at the offices at agreed frequencies and work to address any CDD concerns.
- Periodically evaluate existing client profiles to keep client files up-to-date.
- Conduct enhanced due diligence and monitoring of higher-risk relationships.
- Review results of ongoing screening and monitoring activities to determine if further action or escalation is required, clearly documenting results and decisions made.
- Operate within agreed SLAs and confidentiality standards.
- Build trusted relationships with key internal stakeholders, including Partners, Fee Earners, PAs, and local AML/Compliance Managers.
- Support internal testing and audit requirements.
- Assist with any other AML Compliance-related matters or projects as identified and assigned by the AML Compliance Manager.
- Assist with developing training materials, team standards, presentations, and courses on AML compliance awareness.
- Engage and collaborate with team members through the presentation of ideas and recommendations regarding best practice, continuous improvement, departmental processes, policies, and procedures.
Skills and Experience
- A bachelor's degree (2:1 or above preferred) or relevant work experience required.
- Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry.
- Good relevant AML experience.
- Strong analytical and research skills.
- Experience with AML/KYC/Due Diligence processes and systems.
- Experience with AML monitoring and screening.
- Able to manage processes efficiently, with accuracy and attention to detail.
- A recognized AML/Compliance qualification is desirable but not essential.
- Excellent communication skills, written and verbal.
- Strong decision-making capabilities.
- Team player adaptable to a fast-paced and changing environment.
- Good planning, time management, a prioritization of skills.
- Able to work independently and also to liaise with other departments.
- Must have good knowledge of Microsoft Office applications and other productivity tools (Intapp knowledge is an advantage).
- Flexible to work a reasonable shift schedule is required.
- Exceptional problem-solving, critical thinking, and analytical skills.
- Able to contribute ideas for process improvements and adapt easily to procedural changes.
- Positivity and the adoption of a solution-based approach in all aspects of work.
Reports to: AML/KYC Compliance Team Lead, New Business Intake
Position Type: Center Services
Development Framework: Business Support
About Us
At Baker McKenzie we are different in the way we think, work and behave. With our team of 13,000 people, including over 6,500 locally admitted lawyers, in over 70 offices worldwide, we have a passionately collaborative community of 60 nationalities and are committed to world-class career development to everyone in every job at every level. Baker McKenzie can offer you both the uncompromising commitment to excellence expected of a top firm paired with a passionately global and genuinely collaborative working environment.
Additional Information
Working at Baker McKenzie Belfast Center: Baker McKenzie is the worlds leading law firm with offices all over the world. Our Belfast Center is home to over 400 colleagues in both legal and professional services. We offer one of the best workplace benefits packages in the industry, featuring comprehensive private health cover, income protection, life assurance, and a comprehensive employee assistance plan. These and a host of other benefits make us one of the most desirable companies to work for in Belfast. Baker McKenzie is an Equal Opportunity Employer. We are committed to promoting diversity and inclusion for all. Our unique international culture is reflected in the drawing together of a worldwide family of individuals from diverse cultures and backgrounds in all of our offices. We encourage the best people - regardless of race, religion or belief if any, gender, gender identity, disability, sexual orientation or age - to fulfill their professional aspirations with us. We are committed to ensuring an inclusive and accessible experience for all candidates.
AML/KYC Compliance Analyst (NBI) in London employer: Baker McKenzie
Baker McKenzie is an exceptional employer, offering a dynamic and collaborative work environment in Belfast, where over 400 professionals thrive together. With a strong commitment to employee development, comprehensive benefits including private health cover and life assurance, and a focus on diversity and inclusion, we empower our team members to excel in their careers while enjoying a supportive workplace culture.
StudySmarter Expert Advice🤫
We think this is how you could land AML/KYC Compliance Analyst (NBI) in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Baker McKenzie looking for candidates who are engaged and informed.
We think you need these skills to ace AML/KYC Compliance Analyst (NBI) in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Baker McKenzie. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Baker McKenzie
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Baker McKenzie’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
