At a Glance
- Tasks: Ensure compliance with AML regulations and monitor client funds for unusual activity.
- Company: Join Shepherd and Wedderburn, a leading law firm in Edinburgh.
- Benefits: Full-time role with opportunities for professional growth and development.
- Other info: Dynamic work environment with a focus on teamwork and innovation.
- 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 30000 - 50000 £ per year.
Join to apply for the Anti-Money Laundering Analyst role at Shepherd and Wedderburn. Shepherd and Wedderburn are currently recruiting for an AML Analyst to join their AML team based in Edinburgh. The successful candidate will ensure the firm’s ongoing compliance with Anti-Money Laundering (AML) Regulations and monitor funds received into the firm’s client account reporting unusual activity to the firm’s MLRO.
The role includes:
- Reviewing client due diligence (CDD) forms and documentation received from fee earners and ensuring compliance with AML Regulations and the firm’s internal policies, controls and procedures.
- Challenging the content of CDD forms and directly liaising with fee earners/PAs to obtain satisfactory responses.
- Timely checking in and appropriately responding to CDD forms and documentation received including correspondence and emails received by the AML team.
- Reporting on clients who do not have appropriate CDD and liaising with fee earners/PAs to ensure this is obtained.
- Providing advice and guidance to the firm’s fee earners/PAs to assist them in ensuring appropriate CDD is obtained to comply with AML Regulations.
- Undertaking verification of identity checks and checks for sanctions, politically exposed persons and adverse news using electronic search products.
- Reviewing incoming funds to the firm’s client account and assessing whether they are from an acceptable source for AML purposes; liaising with fee earners and Cashroom team members to resolve queries in line with the firm’s policies, controls and procedures.
- Preparing and reviewing risk assessments of clients and matters as necessary.
- Assisting with the design and implementation of new AML policies, controls and procedures.
- Undertaking 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 practical 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.
Anti-Money Laundering Analyst in Edinburgh employer: Shepherd and Wedderburn
Shepherd and Wedderburn is an exceptional employer, offering a dynamic work environment in the heart of Edinburgh where compliance and integrity are at the forefront of our operations. Our commitment to employee growth is reflected in our supportive culture, providing ample opportunities for professional development and collaboration within a dedicated AML team. Join us to be part of a firm that values your contributions and fosters a rewarding career in the legal services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Anti-Money Laundering Analyst in Edinburgh
✨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 in Edinburgh
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!
