At a Glance
- Tasks: Support financial crime compliance by conducting client due diligence and risk assessments.
- Company: Withers, a global law firm focused on collaboration and high performance.
- Benefits: Flexible working, competitive benefits, and a supportive work environment.
- Other info: Opportunity for career growth in a collaborative and innovative setting.
- Why this job: Join a dynamic team making a real impact in financial compliance.
- Qualifications: 18 months experience in AML compliance and strong analytical skills.
The predicted salary is between 35000 - 45000 £ per year.
The AML Compliance Analysts will support the firm's financial crime compliance programme, including AML, sanctions and related regulatory obligations. The role involves carrying out client due diligence, preparing client and matter risk assessments, and supporting the business in meeting its obligations under applicable laws, regulations and internal policies.
Responsibilities
- Review and assess client and matter risk, including source of funds and source of wealth information.
- Undertake client due diligence (CDD) and enhanced due diligence (EDD) in accordance with firm policies and procedures, to include requesting and obtaining the correct documentation from clients and completing anti-money laundering due diligence paperwork to ensure matters can be opened promptly.
- Assist with the firm's third-party payment process to ensure all compliance requirements are dealt with before payment requests are submitted for approval.
- Review screening hits (PEPs and sanctions/watchlist) including adverse media and escalate potential matches.
- Support fee earners with client onboarding queries and provide guidance on AML requirements.
- Maintain accurate and up-to-date records within the firm's systems.
- Assist with internal audits, file reviews and regulatory inspections.
- Identify and escalate suspicious activity in line with internal procedures.
- Contribute to continuous improvement of AML processes and controls.
- Collaborative working within other business services teams including the Client Relationship, Client Services and Finance teams.
- Conform to the standard duties described, with the possibility of additional tasks as required.
Qualifications
- A minimum of 18 months experience in an AML or financial crime compliance role within a law firm.
- A good understanding of UK AML regulations, including the Money Laundering Regulations and LSAG guidance.
- Strong analytical and research skills, and capability to absorb, analyse and consolidate large amounts of information.
- Excellent attention to detail and organisational skills.
- Strong verbal and written communication skills, with the ability to engage effectively with stakeholders.
- Ability to manage competing priorities and work to deadlines.
About the Firm
Withers is a law firm focused on people, performance, and collaboration. We are a global firm with a culture of high performance, integrity and collaboration, delivering tailored solutions built on trust. We work across teams and time zones to meet the unique needs of our clients.
Work Arrangements
- 9.30am to 5.30pm but flexibility is needed.
- Hybrid working policy with a minimum of 2 days per week worked in the office.
- 12 week probation period.
- 4 week notice period.
- Flexible benefits package including pension, private medical, season ticket loan, subsidised gym memberships, lifestyle discount scheme, on site café.
AML Compliance Analyst in City of Westminster employer: Withersworldwide
Withers is an exceptional employer that prioritises people and performance, fostering a collaborative work culture where employees are empowered to thrive. Located in a vibrant city, the firm offers flexible working arrangements, a comprehensive benefits package, and ample opportunities for professional growth within the dynamic field of AML compliance. Join us to be part of a global team dedicated to delivering tailored solutions while upholding the highest standards of integrity and trust.
StudySmarter Expert Advice🤫
We think this is how you could land AML Compliance Analyst in City of Westminster
✨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 Withersworldwide looking for candidates who are engaged and informed.
We think you need these skills to ace AML Compliance Analyst in City of Westminster
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 Withersworldwide. 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 Withersworldwide
✨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 Withersworldwide’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
