BAU Anti-Money Laundering (AML) Assistant - Leeds
Department - General Counsel & Risk (GC&R), Business Acceptance Unit (BAU) Team
Reporting Line - BAU Junior Manager - AML / Clients Team
The Business Acceptance Unit (BAU) forms part of the Firm's General Counsel & Risk (GC&R) Directorate. The role reports to the BAU Junior Manager - AML / Client team and involves the creation and ongoing maintenance of all client / AML records across the Firm's centralised processing systems, primarily in relation to anti-money laundering client due diligence (CDD) checks and compliance with the relevant laws and regulations across the Firm's global operation. The team comprises of Assistants and Advisors undertaking all aspects of client file opening, anti-money laundering CDD checks, risk assessments and associated risk relevant work. The team also manages the administration of the Sanctions process and supports the Firm's Money Laundering Reporting Officers (MLROs) and Deputies with the submission of Suspicious Activity Reports (SARs) and high risk / reputational issues.
This full time role is based in Leeds with occasional travel to the Firm's other offices as required.
► Process new client file opening requests and re-verification of existing clients.
► Undertake Anti-Money Laundering (AML)/CDD checks and investigative analysis on all new and existing client instructions. Investigative analysis to cover a broad range of high risk factors including PEP involvement, high risk jurisdictions, sanctions information, intelligence and other reporting systems. Advice on enhanced due diligence and ongoing monitoring.
► A basic understanding of the AML rules in relation to the Firm's operational jurisdictions under the supervision of the GC&R team.
► Liaise with PA's, fee earners, partners and the Risk and Compliance team on potential AML issues, technical and general queries.
► Process queries received into the team workflow inbox and other tasks to ensure internal SLAs are achieved including hand-offs to other departments. Dealing with compliance related queries with supervision.
► Submit Suspicious Activity Reports ('SARs') to National Crime Agency ('NCA') under the supervision of the MLRO/Deputy MLRO.
► Administer the internal sanctions database.
► Assist with compiling Management Information ('MI') Statistics for stakeholders.
► Undertake project work in relation to BAU workflows, monitoring systems and controls.
Knowledge, skills and experience required (bespoke to role)
► Experience of working in an AML role in a Law Firm or Banking / Financial Services environment.
► Demonstrates an ability to work efficiently in a volume processing environment. Good analytical skills and a keen eye for detail. Able to deal with competing deadlines/workload.
► Basic knowledge of the relevant areas of law and regulations such as the Money Laundering Regulations 2017, POCA, UN, EU, UK and US sanctions regimes, SRA Code of Conduct 2011.
► Capable of using own initiative with excellent interpersonal and organisational skills.
► Good communication skills with the ability to communicate appropriately both verbally and in writing at all levels. ► Proactive with the ability to work independently and as part of a team. Takes the initiative to improve processes to add value.
► Adaptable and flexible.
► Proficient in MS Word, Excel, PowerPoint, Email and Internet usage.