At a Glance
- Tasks: Conduct AML checks and ensure compliance for a leading law firm.
- Company: Join Cooley (UK) LLP, a dynamic and inclusive workplace.
- Benefits: Enjoy enhanced family leave, health insurance, and wellness programs.
- Other info: Collaborative team environment with opportunities for professional growth.
- Why this job: Make a real impact in the fight against money laundering.
- Qualifications: Degree level education and 3 years of AML experience required.
The predicted salary is between 40000 - 50000 £ per year.
Under the supervision of the AML Risk and Compliance Manager, and following prescribed department, office and Firm procedures, the AML Risk and Compliance Analyst is responsible for the timely and accurate processing of Anti‑Money Laundering (AML) checks. The role supports the Firm’s Money Laundering Reporting Officer (MLRO), the Assistant General Counsel (Europe and Asia) and the AML Risk and Compliance Manager in all areas of AML compliance.
Responsibilities
- Timely completion of AML process for all Firm clients, prioritising clients of the UK and BR offices, and assisting with Asia AML checks when delegated.
- Performing Client Due Diligence (CDD) on entities identified through various publicly available and Firm sources, and liaising with partners to obtain information needed.
- Performing Politically Exposed Person searches as necessary on natural persons, collecting personal identification and storing securely.
- Conducting sanctions screening on natural persons and entities, including performing research across different sanctions regimes and applying working knowledge of global sanctions frameworks to identify potential risks.
- Updating Firm software tools and databases with relevant information in a timely manner.
- Analyzing and evaluating AML software tools and databases.
- Compiling relevant information into final AML pack for sign‑off by AML Managers.
- Performing follow‑ups on outstanding AML files, ongoing monitoring on completed AML files and periodic checks on personal identification documentation obtained, as necessary.
- Assisting the AML Risk and Compliance Manager and Senior Risk and Compliance Manager in the review of the AML CDD process and implementation of new and more efficient processes and procedures.
- Taking ownership of workflow and backlog resolution to ensure timely reduction of threshold items.
- Assisting in preparing and gathering materials for external audit requests.
- Attending AML Team meetings.
- Providing cover for other AML Team members when they are on leave.
- Providing training and guidance to new Team members.
- Performing other tasks and assisting with special projects as requested by the MLRO or other AML Team members.
- Communicating regularly with, and immediately reporting any problems or potential areas of AML compliance concern to, the MLRO.
Skills & Experience
- Knowledge of relevant AML legislation and guidance.
- Minimum 3 years’ experience performing CDD checks on entities and individuals (preferably in a law firm).
- Educated to a degree level or equivalent (LLB preferred, England & Wales or equivalent jurisdiction).
- High standard of oral and written communication skills.
- Strong attention to detail and high level of accuracy.
- Proficiency in Microsoft Office applications, including Word, Excel, Outlook and PowerPoint.
- Strong research skills, including via internet, databases and other sources.
- Ability to manage multiple priorities and adjust to changing priorities in a professional manner.
- Ability to work independently and with a team.
- Willingness and ability to assume new tasks and responsibilities.
- Strong service orientation and an ability to establish and maintain effective working relationships with attorneys, secretaries and peers.
- Ability to meet deadlines in a fast‑paced environment.
- May be required to work outside of regular business hours.
- Commitment to the office and Firm, including adherence to required in‑office attendance expectations.
Competencies
- Ability to think critically in analysing and solving problems.
- Good presence and ability to work well with all personnel.
- Excellent organisational skills.
- Reliable and cooperative manner.
- Ability to work under pressure and handle multiple tasks while maintaining confidentiality.
- Ability to independently assess client needs and develop appropriate responsive solutions.
- Ability to work effectively both independently and collaboratively and to foster a culture of teamwork.
- Keen interest in and commitment to keeping up to date with relevant technology, products and services and developing professionally.
- Maintaining awareness of global current affairs and developments impacting AML and sanctions risk.
- The aptitude and confidence to challenge and change existing practices, adopt innovative approaches and drive these forward through to implementation.
- Ability to forge effective working relationships and influence at a senior level.
- Ability to organise and prioritise work assignments, as well as delegate tasks to support departments when necessary.
- Possess excellent written, communication and proofreading skills with attention to detail.
- Ability to function in a professional and polite manner.
- Committed and punctual; professional in approach and able to deal with staff at all levels.
- Service delivery focused with ability to recognise pressure points and offer assistance where needed.
- Confident and demonstrates ability to command respect.
- Organised and efficient – able to prioritise and manage own workload and work without supervision.
- Highly motivated and enthusiastic to lead by example; team player.
- Proactive; ability to embrace organisational change.
- Ability to deal with confidential situations with tact, diplomacy and discretion.
Benefits
- Enhanced family leave
- Health and dental insurance
- Group income protection
- Life assurance
- Pension
- Fertility benefits
- Wellness programs
- Employee discounts including a fitness and nutrition allowance and more
- Comprehensive benefits brochure provided to all candidates during the interview process.
Equal Opportunity Statement
We strive to create an inclusive and rewarding environment that allows our people to thrive both professionally and personally. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at the Firm will be based on merit, qualifications and abilities. The Firm does not discriminate in employment opportunities or practices on the basis of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation. This policy governs all aspects of employment, including but not limited to, recruitment, selection, job assignment, compensation, discipline, promotion, termination, and access to benefits and training.
AML Risk & Compliance Analyst employer: Cooley LLP
Cooley (UK) LLP is an exceptional employer that prioritises employee well-being and professional growth, offering a comprehensive benefits package including enhanced family leave, health and dental insurance, and wellness programmes. The firm fosters a collaborative work culture where team members are encouraged to develop their skills and take ownership of their roles, all while working in a dynamic environment that values diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land AML Risk & Compliance Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the AML and compliance field. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your AML knowledge. Familiarise yourself with current legislation and trends in the industry. We recommend practising common interview questions related to compliance and risk management to show you’re ready to hit the ground running.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your experience with CDD checks and AML processes. Use real examples (while keeping confidentiality in mind) to demonstrate your expertise and problem-solving abilities during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our firm. So, get your application in and let’s make it happen!
We think you need these skills to ace AML Risk & Compliance Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the AML Risk & Compliance Analyst role. Highlight your relevant experience, especially in performing CDD checks and your knowledge of AML legislation. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about AML compliance and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Show Off Your Attention to Detail:In this role, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work – it shows you care about quality!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Cooley LLP
✨Know Your AML Basics
Before the interview, brush up on your knowledge of Anti-Money Laundering legislation and guidance. Familiarise yourself with key terms and concepts, as well as recent developments in the field. This will not only show your expertise but also demonstrate your commitment to staying updated.
✨Showcase Your Experience
Be ready to discuss your previous experience performing Client Due Diligence checks. Prepare specific examples that highlight your attention to detail and ability to manage multiple priorities. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Demonstrate Strong Communication Skills
Since this role requires excellent oral and written communication skills, practice articulating your thoughts clearly. You might be asked to explain complex AML processes or regulations, so being able to communicate these effectively is crucial. Consider doing mock interviews with a friend to refine your delivery.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the firm's approach to AML compliance, team dynamics, and any upcoming projects. This shows your genuine interest in the role and helps you assess if the firm is the right fit for you.