At a Glance
- Tasks: Conduct client due diligence and monitor compliance with AML regulations.
- Company: Join Covington & Burling LLP, a leading international law firm.
- Benefits: Enjoy a hybrid work environment and equal opportunity employment.
- Other info: Dynamic team with opportunities for growth and learning in a supportive culture.
- Why this job: Make a difference in the fight against money laundering while developing your career.
- Qualifications: Law graduate or L.P.C. desirable; experience in AML compliance preferred.
The predicted salary is between 34650 - 42350 £ per year.
Covington is seeking an Anti-Money Laundering Analyst to join the AML Compliance team. They will be responsible for anti-money laundering and on-going compliance checks against the Firm's clients.
Duties and Responsibilities:
- On-boarding new clients into the Firm whilst understanding the proposed scope of work.
- Conducting client due diligence checks against a proposed or existing client, or third-party payor, which involves researching the entity or individual within compliance software and internet.
- Escalating any ownership issues, adverse media, Politically Exposed Persons (PEPs), or sanctions issue to a senior member of the team, Director of AML Compliance, or Money Laundering Reporting Officer.
- Documenting client and matter risk assessments by writing an accurate narrative describing the client or third-party payor and the risks presented to the Firm, with an explanation of any escalations and resolutions.
- Reviewing on-going monitoring AML alerts generated by the system, which is screening for adverse media, sanctions, and PEPs.
- Researching hits against the current client data to understand whether it is relevant to the client or a false positive hit.
- Resolving the hit or escalating the issue to a senior member of the team.
- Conducting AML refresh against the existing client database at the prescribed intervals that have been set for the client.
- Evaluating the existing client due diligence documents and requesting new documents if required from the client team.
- Re-evaluating the client risk assessment and client risk rating.
- Escalating the client to a senior member of the team for remediation in the event an issue has been identified.
- Performing AML checks against clients for EMEA Timekeepers working on U.S. matters.
Qualifications:
- Understanding of the UK and European AML legislations and Directives.
- Working knowledge of the Legal Sector Affinity Group Anti-Money Laundering Guidance for the Legal Sector.
- Law graduate, L.P.C. desirable.
- Experience working in an international law firm within AML compliance.
- Experience using Intapp and software such as Orbis, Mint, D&B, World Check, World Compliance, and Accuity.
Status: Exempt
Reports To: AML Compliance Manager
Workplace Type: Hybrid as needed
Covington & Burling LLP is an equal opportunity employer and does not discriminate in any aspect of employment, including hiring, salary, promotion, discipline, termination, and benefits, on the basis of race, color, ethnicity, religion, national origin, gender, gender identity or expression, age, marital status, sexual orientation, family responsibility, disability (including physical handicap), or any other improper criterion.
Anti-Money Laundering Analyst employer: Covington & Burling
Covington & Burling LLP is an exceptional employer, offering a dynamic work environment that fosters professional growth and development within the AML Compliance team. With a commitment to diversity and inclusion, employees benefit from a supportive culture that values collaboration and innovation, all while working in a hybrid model that promotes work-life balance. Located in a vibrant city, the firm provides unique opportunities to engage with international clients and navigate complex regulatory landscapes, making it an ideal place for those seeking meaningful and rewarding careers in compliance.
