At a Glance
- Tasks: Conduct AML checks, risk assessments, and collaborate on compliance projects.
- Company: Join a leading firm dedicated to fighting financial crime.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Dynamic role with opportunities for growth and learning in the legal sector.
- Why this job: Make a real difference in preventing financial crime while developing your skills.
- Qualifications: Knowledge of AML regulations and strong analytical skills required.
The predicted salary is between 40000 - 50000 £ per year.
Working in our Financial & Economic Crime Reporting Unit, our AML Analysts have responsibility for all types of AML checks and screening, from identification and verification, risk assessment and quality reviews, complex client structures to source of funds and wealth checks. Our AML Analysts will also be involved in projects involving Client Due Diligence (CDD), Risk Assessments, Monitoring and Reporting, as well as assisting the Deputy Director of the Financial & Economic Crime Reporting Unit / AML Team with other AML projects as required. This role requires risk-based analysis, decision-making and proactive collection and scrutiny of information required to meet the regulatory requirements. AML Analysts should already have and be able to apply a good level of working AML knowledge to all new client and matter creation situations. You will work with our lawyers to ensure that the firm's requirements are readily understood and that lawyers understand what is asked of them so we can increase accuracy and efficiencies in our data collection, recording and compliance.
CORE TASKS
- Obtain, assess, and verify client and related party identification making use of trusted industry sources and electronic platforms.
- Perform initial screening and ongoing monitoring of Politically Exposed Persons (PEPs) Sanctions, Adverse Media etc, assessing the output and discounting potential hits etc, and escalating to the MLRO as required.
- Assess company ownership structures of varying complexity.
- Thoroughly document research and analysis of clients and/or matters in a manner suitable for audit internally and externally.
- Undertake appropriate research to obtain a good understanding of a client’s business and related parties to monitor client’s activities for red flags / unusual transactions.
- Obtaining and assessing Source of Funds and Source of Wealth evidence for private and organisation clients.
- Make decisions on appropriateness of CDD gathered, liaising with team and MLRO as necessary.
- Manage relationships with and act as trusted AML support to key internal stakeholders: legal colleagues, Executive Assistants, Client & Matter Inception Team, Deputy Director of the Financial & Economic Crime Reporting Unit, AML Team (including the MLCO and MLRO).
- Be aware of Brodies’ information security policies, and protect information assets from unauthorised access, disclosure, modification, destruction or interference at all times.
PERSON SPECIFICATION
- Have a high level of commitment and responsibility for managing own workload and ability to prioritise as needed, as well as contributing to overall team goals.
- Excellent attention to detail.
- Ability to manage multiple workstreams, switch between platforms and systems with ease, while managing a caseload and keeping track of priorities.
- Enjoy team working, but also able to work independently.
- Are personable and can build strong working relationships with stakeholders.
- Competent with IT systems with an ability to adapt to, and learn, new systems quickly.
SKILLS
- A practical working knowledge of the Money Laundering Regulations, LSAG guidance and preferably experience from working within the legal sector / professional services, with an aptitude for expanding their knowledge.
- Experienced in using electronic verification tools.
- Competence with all Microsoft Office applications.
Anti-Money Laundering (AML) Analyst employer: Brodies LLP
As an esteemed employer in the financial sector, our company offers AML Analysts a dynamic work environment that fosters collaboration and professional growth. With a strong commitment to employee development, we provide comprehensive training and opportunities for advancement, all while maintaining a supportive culture that values teamwork and innovation. Located in a vibrant city, our firm not only prioritises compliance excellence but also ensures a rewarding work-life balance for all employees.
StudySmarter Expert Advice🤫
We think this is how you could land Anti-Money Laundering (AML) Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Brodies LLP. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Anti-Money Laundering (AML) Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Brodies LLP.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Brodies LLP's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Brodies LLP
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Brodies LLP.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Brodies LLP will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Brodies LLP employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
