Anti-Money Laundering (AML) Analyst
Based in Edinburgh or Glasgow
JOB PURPOSE
Working in our Financial & Economic Crime Reporting Unit, our AML Analysts have responsibility for all types of AML checks and screening, from identification and verification, risk assessment and quality reviews, complex client structures to source of funds and wealth checks.
Our AML Analysts will also be involved in projects involving Client Due Diligence (CDD), Risk Assessments, Monitoring and Reporting, as well as assisting the AML Analyst Manager / AML Team with other AML projects as required.
This role requires risk-based analysis, decision-making and proactive collection and scrutiny of information required to meet the regulatory requirements. AML Analysts should already have and be able to apply a good level of working AML knowledge to all new client and matter creation situations.
You will work with our lawyers to ensure that the firm's requirements are readily understood and that lawyers understand what is asked of them so we can increase accuracy and efficiencies in our data collection, recording and compliance.
CORE TASKS
* Obtain, assess, and verify client and related party identification making use of trusted industry sources and electronic platforms
* Perform initial screening and ongoing monitoring of Politically Exposed Persons (PEPs) Sanctions, Adverse Media etc, assessing the output and discounting potential hits etc, and escalating to the MLRO as required
* Assess company ownership structures of varying complexity
* Thoroughly document research and analysis of clients and/or matters in a manner suitable for audit internally and externally
* Undertake appropriate research to obtain a good understanding of a client's business and related parties to monitor client's activities for red flags / unusual transactions
* Obtaining and assessing Source of Funds and Source of Wealth evidence for private and organisation clients
* Make decisions on appropriateness of CDD gathered, liaising with team and MLRO as necessary
* Manage relationships with and act as trusted AML support to key internal stakeholders: legal colleagues, Executive Assistants, Client & Matter Inception Team, AML Analyst Manager, AML Team (including the MLCO and MLRO)
* Be aware of Brodies' information security policies, and protect information assets from unauthorised access, disclosure, modification, destruction or interference at all times.
SKILLS
* A practical working knowledge of the Money Laundering Regulations, LSAG guidance and preferably experience from working within the legal sector / professional services, with an aptitude for expanding their knowledge
* Experienced in using electronic verification tools
* Competence with all Microsoft Office applications
PERSON SPECIFICATION
* Have a high level of commitment and responsibility for managing own workload and ability to prioritise as needed, as well as contributing to overall team goals
* Excellent communication skills
* Excellent attention to detail
* Ability to manage multiple workstreams, switch between platforms and systems with ease, while managing a caseload and keeping track of priorities
* Enjoy team working, but also able to work independently
* Are personable and can build strong working relationships with stakeholders
* Competent with IT systems with an ability to adapt to, and learn, new systems quickly