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 environment.
- 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 37800 - 46200 £ 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 issues 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 in London 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 hybrid workplace model that promotes work-life balance while engaging in meaningful compliance work that impacts the legal sector. The firm provides comprehensive training and access to advanced compliance tools, ensuring that analysts are well-equipped to excel in their roles and contribute to the firm's success.
StudySmarter Expert Advice🤫
We think this is how you could land Anti-Money Laundering Analyst 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 Covington & Burling looking for candidates who are engaged and informed.
We think you need these skills to ace Anti-Money Laundering Analyst 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 Covington & Burling. 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 Covington & Burling
✨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 Covington & Burling’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
