At a Glance
- Tasks: Ensure compliance with Anti-Money Laundering regulations and monitor client funds.
- Company: Join a leading law firm in Edinburgh with a strong commitment to compliance.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Dynamic role with opportunities for growth in the legal and financial sectors.
- Why this job: Make a real difference in financial security while developing your analytical skills.
- Qualifications: Strong analytical skills and experience in compliance or risk management.
The predicted salary is between 31500 - 38500 £ per year.
Shepherd and Wedderburn are currently recruiting for an AML Analyst to join their team based in Edinburgh.
Duties include -
- Ensure the firm’s ongoing compliance with Anti-Money Laundering (AML) Regulations
- Monitor funds received into the firm’s client account
- Report unusual activity to the firm’s MLRO
- Deal with client and matter management on the firm’s practice management system as required
- Undertake any other reasonable duties as requested by your line manager
- Specific Accountabilities
- Review client due diligence (CDD) forms and documentation received from fee earners and ensure that they comply with AML Regulations and the firm’s internal policies, controls and procedures.
- Challenge where required the content of CDD forms and directly liaise with fee earners/PAs to obtain a satisfactory response.
- Timeously check in and appropriately respond to CDD forms and documentation received including correspondence and emails received by the AML team.
- Report on clients who do not have appropriate CDD and liaise with fee earners/PAs to ensure this is obtained.
- Provide advice and guidance to the firm’s fee earners/PAs in order to assist them in ensuring appropriate CDD is obtained to comply with AML Regulations.
- Undertake verification of identity checks and checks for sanctions, politically exposed persons and adverse new using electronic search products.
- Review incoming funds to the firm’s client account and assess whether they are from an acceptable source for AML purposes; liaise with fee earners and Cashroom team members to resolve queries in line with the firm’s policies, controls and procedures.
- Prepare and revie risk assessments of clients and matters as necessary.
- Assist with the design and implementation of new AML policies, controls and procedures.
- To undertake any other reasonable duties as requested by your line manager.
Skills/Experience
- Excellent analytical skills
- Ability to work under pressure, to strict deadlines and to exercise initiative
- Ability to solve problems in a practice and methodical way
- Excellent customer service attitude and strong attention to detail are essential
- Excellent written and verbal communication skills
- Competency in Word, Excel and Powerpoint
- Willingness to take responsibility for decisions
- Previous experience of working in commercial, law, banking or financial environment
- Experience in a compliance/risk management role
- Operational experience of AML compliance
- #J-18808-Ljbffr
Anti-Money Laundering Analyst employer: Shepherd and Wedderburn
As a leading employer in the property and infrastructure sector, we offer a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for professional development, particularly in our vibrant Scottish office. Join us to be part of a supportive culture that values knowledge sharing and empowers you to make a meaningful impact in your role as a Professional Support Lawyer and Knowledge Manager.
StudySmarter Expert Advice🤫
We think this is how you could land Anti-Money Laundering Analyst
✨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 Shepherd and Wedderburn looking for candidates who are engaged and informed.
We think you need these skills to ace Anti-Money Laundering Analyst
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 Shepherd and Wedderburn. 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 Shepherd and Wedderburn
✨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 Shepherd and Wedderburn’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
