At a Glance
- Tasks: Conduct client due diligence and assist with AML processes in a dynamic legal environment.
- Company: Join a leading law firm committed to innovation and employee growth.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional development.
- Other info: Flexible hybrid work model with excellent career advancement opportunities.
- Why this job: Make a real impact in compliance while working with a supportive team.
- Qualifications: Bachelor's degree and some experience in law or compliance preferred.
The predicted salary is between 40000 - 50000 £ per year.
We are always seeking talented, motivated, growth-minded, and creative individuals. Our firm is committed to providing employee support and advancement, while embracing inclusion and innovation as keys to a stronger future.
The AML Analyst is responsible for anti-money laundering (AML) processes such as conducting client due diligence (CDD), facilitating AML risk assessments, collecting know-your-client (KYC) documentation, and reviewing client engagement letters. The AML Analyst will conduct research, risk-based analysis and decision making, as well as validation and documentation of required information to ensure timely client and matter intake in accordance with regulatory requirements. The AML Analyst works closely with the AML and Compliance Counsel and Money Laundering Reporting Officer (MLRO) to provide the AML function and assist the firm on AML, reputational, and wider risk issues.
Essential Duties & Responsibilities
- Responsible for day-to-day AML aspects of client and matter intake, primarily in the London office and occasionally US offices.
- Conduct CDD and screen new clients and matters for politically exposed persons (PEPs), sanctions, negative news and risk factors utilizing Worldcheck, Lexis, GRID databases, and performing web-based research.
- Research, document, and evidence the ultimate beneficial ownership of corporate entities.
- Liaise with the lawyers on completing the AML client and matter risk assessments.
- Analyze, document, and approve risk assessments in conjunction with the AML and Compliance Lawyer, flag risk issues to the MLRO and assist the MLRO in the resolution of higher risk issues.
- Monitor higher risk clients and matters, politically exposed persons (PEPs), source of wealth/funds, and facilitate risk reporting.
- Work with the lawyers and secretaries to collect KYC documentation in a timely manner.
- Review KYC and AML documentation as submitted by the lawyers and secretaries for accuracy and completeness.
- File and maintain AML client records.
- Review and collect signed client engagement letters.
- Work in conjunction with the Intake and Conflicts Services team members to approve new clients and matters and ensure new information meets the Firm standards for clearance and entry.
- Assist with the provision of AML training to embed AML compliance.
- Assist with AML practice-wide risk assessments, audits, and projects, including the AI project, preparing for visits by the Solicitors Regulation Authority (SRA) and assisting with inquiries from management and auditors by providing information and guidance in a timely manner.
- Coordinate with the Trust Compliance Counsel on the use of the UK trust/client account.
- Assist the COLP and Head of Risk and Compliance - UK on ad hoc tasks and projects such as SRA compliance (e.g., breach registers, practicing certificate renewals), regulatory compliance (e.g., DAC6, CCO, data protection), drafting policies and procedures, and reviewing outside counsel guidelines and contracts.
Knowledge, Skills, & Abilities
- Basic understanding of the UK AML regime.
- Ability to analyze due diligence results and effectively communicate and document potential risk issues and the proper course of action.
- Strong analytical skills and attention to detail, as well as the ability to organize and produce detailed and accurate work whilst managing a busy inbox.
- Demonstrated ability to make risk-based judgment calls on a daily basis.
- Understanding of when to escalate issues, package the facts and make recommendations for decision by the MLRO and senior management.
- Ability to work independently with minimum supervision as well as collaboratively as part of a wider team, once trained.
- Ability to multi-task and prioritize with strong organizational skills and initiative.
- Excellent written, oral, and communication skills.
- Strong drafting skills.
- Positive can-do attitude.
- Strong work ethic and client service orientation.
- Resilient and calm under pressure.
- Professionalism and ability to build rapport and gain the trust and confidence of the lawyers.
- Ability to maintain strict confidentiality.
- Solid working knowledge of Microsoft Office applications.
- Experience with document management (iManage), intake workflow systems (InTapp), and research software tools beneficial.
Education & Experience
- Bachelor’s degree in law or Humanities.
- Minimum of one (1) year of experience in a law firm, professional services or other professional setting.
- Transactional paralegal experience beneficial.
- Experience working in AML or compliance in an international law firm beneficial.
AML Analyst in London employer: Troutman Pepper Locke LLP
Troutman Pepper Locke is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for a RISE Content Specialist. With a strong commitment to employee growth, the firm offers numerous opportunities for professional development and thought leadership in a dynamic environment. Located in a vibrant area, employees benefit from a supportive atmosphere that values ethical conduct and client service, ensuring a meaningful and rewarding career path.
StudySmarter Expert Advice🤫
We think this is how you could land AML 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 Troutman Pepper Locke LLP looking for candidates who are engaged and informed.
We think you need these skills to ace AML 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 Troutman Pepper Locke LLP. 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 Troutman Pepper Locke LLP
✨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 Troutman Pepper Locke LLP’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
