AML & Compliance Assistant (Asia Facing) in London

Milbank LLP is an elite global law firm with over 1000 lawyers and 600 business professionals, based in 11 offices across 4 continents. With over 200 lawyers in London providing English and NY law advice on UK, pan-European, Asian and other global matters, we offer our clients real strength and depth of expertise coupled with first rate client service. The strength of our leading US and UK practices also provides us with a unique ability to handle the most complex and demanding transatlantic mandates for our clients.

Our clients span the public and private sectors, including governments, state-owned enterprises, sovereign wealth funds, export credit agencies, development banks and multilateral institutions, as well as private companies, lending institutions, private equity firms, hedge funds, institutional investors and other financial institutions located around the globe who seek guidance on their most important and complex matters.

We are market-leaders across multiple disciplines and practice areas, including Financial Restructuring, Project, Energy & Infrastructure Finance, Transportation and Space, Leveraged Finance, Alternative Investments, Corporate Finance and Securities, Corporate/M&A/Private Equity, Intellectual Property, IT & Outsourcing, Litigation and Arbitration, Tax and Executive Compensation, and Benefits.

Driven to deliver exceptional results for our clients, we push boundaries and challenge assumptions. That’s been core to our ethos since our founding in 1866. It fuels how we work and define ourselves, and it informs our growth and evolution as a firm. Our unified practice is underpinned by our attorneys’ acknowledged technical excellence, sectoral expertise and a strong tradition of innovation and client service. Surrounding ourselves by the best inspires and challenges us to constantly reimagine what’s possible.

This is a newly created role for an AML Assistant to assist with fulfilling anti-money laundering requirements required by law, regulation and firm policies and procedures. This role primarily (though not exclusively) focusses on advising on and assisting with AML requirements relating to matters opened in or connected to Milbank’s Asia offices.

The AML team is headquartered in London and comprises the Deputy General Counsel, the Global AML & Compliance Senior Manager, the AML Supervisor, two AML & Compliance Analysts (one of whom focuses primarily on AML for the Asia offices), and an AML Assistant.

A career at Milbank means complex work, unique challenges and inspiring results. It also means real collaboration and a supportive environment where you’ll learn and grow professionally and personally.

The successful candidate will possess excellent communication and relationship building skills for interactions with cross-functional stakeholders.

This is an exciting opportunity for a candidate who is interested in helping a team grow professionally and would like to influence the architecture of the global AML processes and procedures for the firm. The small size of the team means that the successful candidate will be prepared to embrace a wide range of tasks.

Responsibilities include, but are not limited to:

• Performing due diligence on clients, counterparties and third-party payors through research and liaising with fee earners to obtain information.
• Performing Politically Exposed Person, adverse press and sanctions searches.
• Updating Firm software tools and databases with relevant information.
• Identifying and escalating red flags and higher risk matters as set out in Firm policy.
• Summarising results of research and drafting and circulating client and matter risk assessments.
• Performing follow ups on outstanding AML files, ongoing monitoring on completed AML files and periodic checks on personal identification documentation obtained as necessary.

This role reports to the Global AML & Compliance Senior Manager. Occasional weekends, holidays and overtime may be required to meet business needs, including monitoring the team inbox and acting on urgent incoming work.

• A minimum of 1 year’s experience working in an AML and/or sanctions compliance environment within a global law firm
• Knowledge of relevant AML, CTF and sanctions legislation and guidance across Europe and Asia.
• Experience of performing CDD checks on entities (including companies, funds, and partnerships) and individuals.
• A high standard of oral and written communication skills
• 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.
• Strong service orientation and an ability to establish and maintain effective working relationships with attorneys, secretaries and peers.
• Ability to work effectively and collaboratively.
• Discretion and confidentiality.
• Exceptional attention to detail.
• Strong cross-cultural awareness and sensitivity.

To facilitate a positive recruitment experience, please let us know if you require any reasonable adjustments to be made for you during the recruitment process. Kindly provide details of your requirements. If you would like to discuss these with a member of the recruitment team, please contact LNRecruiting@milbank.com.