AML Analyst

We have an exciting opportunity for an AML Analyst to join our Business Acceptance team here at Simmons & Simmons on a 12 month fixed-term contract.

The Business Acceptance team supports the global firm in all elements of Business Acceptance; including conflict searching and clearance, client ID, client and matter risk assessments and checks for sanctions, PEPs and broader negative media. We have team members in London, Bristol, Dublin, Singapore and Hong Kong.

The main purpose of this role is to assist the Business Acceptance Manager and Head of Business Acceptance/MLCO by carrying out AML and sanctions checks for new and existing clients and third-party payers, liaising with partners where necessary, and identifying and escalating higher risk clients/matters to the Business Acceptance Management team as appropriate. Also to ensure that the firm’s due diligence on its clients, and sanctions risks associated with clients and matters, meet compliance and regulatory requirements in line with our internal policies, controls and procedures and that this is properly recorded.

What will you do:

1. Research, identify and verify parties using online data providers and any other online resources: Using available resources, screen relevant parties and identify any sanctions/PEP risks or exposure linked to clients and matters. Discount irrelevant hits, summarise the issues associated with positive matches and discuss with Business Acceptance Advisors or Management.
2. Analyse and establish the corporate structure for clients and other parties where relevant and trace up to the ultimate beneficial owners: Assist partners in meeting their obligations under the Anti Money Laundering legislation by tracing the ownership structures of clients in order to understand who the ultimate beneficial owners are and how they hold their interest or exercise control over a client.
3. Seek sign off from Management or Office of the General Counsel where needed and put forward a recommendation or potential solution: With support from senior members of the Business Acceptance Team, where required under our policies, controls, and procedures, make referrals to the relevant and appropriate escalation point.
4. Assist with ongoing monitoring and re-identify existing clients: On a risk-based approach, liaise with partners and ensure we have an up-to-date understanding of the ownership of our clients in line with our internal procedures on the re-identification of clients.
5. Engage in systems and process development and testing: The world of business acceptance is forever evolving and as a result, our systems and processes need to do the same in order to be fit for purpose.

What we are looking for:

1. Strong academics preferred.
2. Degree level education.
3. Experience in a similar role is not required as full training will be given but candidates should have a keen interest in AML and associated risks.
4. Experience or knowledge of various corporate structures would be an advantage but is not a requirement.
5. The role would suit a graduate looking to start out a career in this industry or someone with some experience but looking to further their career on the analysis side of things.
6. Experience of sanctions/PEP screening tools would be an advantage; we use Accuity.

Here at Simmons & Simmons:

Simmons & Simmons is a place where dynamic minds thrive. Our culture is built on work that matters, you will work on inspirational and thought-provoking projects, using your influence to create positive impact for our clients, society and the planet. We also ensure that everyone’s voice is heard from day one, irrespective of job title, qualification, or background. You’ll be encouraged to have an enquiring mind and share ideas that can drive the firm forward. Through innovative learning and development opportunities, you will be provided with a platform to excel, enabling you to exceed your career ambitions and do things you never thought were possible.

Some key information:

1. We offer a competitive package including bonuses dependent on role/level, private medical insurance and pension contribution.
2. Our global skills academy provides our people, regardless of their role and location, with excellent learning opportunities (including live workshops, podcasts, short videos and practical learning experiences).
3. We have adopted a hybrid working approach with a requirement for a minimum of three days in the office with flexibility dependent on role/team/client demands.
4. We bring together the best legal advice from our established legal teams with non-traditional capabilities via Simmons & Simmons Solutions that enhance, expand and differentiate the Simmons offering.
5. We are proud to rank as a Stonewall Top Global Employer and a Top 75 Employer for Social Mobility.
6. We have a range of social and sports committees, summer and winter parties and monthly get-togethers.
7. We have a range of diversity networks to connect people and celebrate our differences which is integral to our inclusive culture.
8. All UK offices have their own artwork collections – including Damien Hirst and Tracey Emin pieces in the London office. We have a long-standing history in supporting the art community especially up-and-coming artists.
9. We have recently introduced a Strategic Advisory Council which is a mix of associates and business services who will propose strategic initiatives that align with our firm’s mission and support the delivery of our Business Plan, shaping the future of our next-generation law firm.

Equal opportunities:

We are committed to fostering equality, diversity and inclusion within our firm and to ensuring equal employment opportunities. We believe that this commitment creates a vibrant and rewarding work environment. We are therefore committed to:

1. Upholding equal opportunities, regardless of race, ethnicity, religion, belief, age, disability, sexual orientation, sex, gender reassignment, gender identity, marital status, or pregnancy, including maternity and paternity. This commitment extends to addressing any instances of perceived or associative discrimination and harassment. We also ensure fair treatment during recruitment and selection processes for those who are serving or have served in the armed forces, along with their families.
2. Accommodating requests for flexible working arrangements whenever possible. We encourage you to discuss your needs with us if this is something you require.
3. Making our roles accessible to individuals with diverse abilities. If you need any reasonable adjustments during the recruitment process, please let us know so we can meet your needs.
4. We offer a range of employee networks to support our colleagues. More information about these networks can be found in the D&I Information booklet that candidates are sent when invited to interview.

We encourage you to apply even if you don’t meet every single requirement. We are looking for individuals who are passionate and eager to learn and grow with us. Your unique experiences and perspectives could be a great addition to our team.

If you’re interested in finding out more about this position, please contact the Recruitment Team. To apply for the role, click on the link at the bottom of the page or visit our career page for more details.

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