Simmons & Simmons are looking for a Conflicts Analyst to join our
growing Risk team in Bristol or London. The successful candidate will
provide and manage the business acceptance of all new clients and
matters which involves providing a conflict checking service to the
whole firm, screening new business for sanctions, compliance with
anti-money laundering requirements in relation to new matters, and
communicating with the partnership.
Main Duties & Responsibilities
Risk management: conflict checking
Understanding of rules around conflicts and experience of applying them
Shared responsibility for providing the conflict checking service
to the firm world-wide
Handle conflict checks requests to an agreed standard using
Microsoft Dynamics AX, and other databases as required
Assist in maintenance of conflicts database
Maintain related documentation and store evidence in FileSite in
line with regulatory requirements
Ensuring that partners properly complete their risk profile
requirements in the firm's onboarding system.
Maintain Global Address Book party index on the conflicts database
Use IT skills to search external commercial databases (e.g.
searching commercial products to identify ownership and corporate structures).
Consider CDD implications of related parties to a matter and the
substance of the matter / matter risk assessment from all offices
and liaising with AML team where applicable.
Carrying out due diligence on third-party payers in line with the
Attributing a risk rating to the matter and escalating the client
to the AML Team where a decision needs to be made upon analysis of
documentation and risk.
Recording all AML documentation, communications and risk rating in
the firm's client onboarding system, together with a summary of
conclusions reached and steps taken.
Dealing with day to day queries from the Conflicts team and legal
and business services staff in relation to ongoing conflicts
requests and escalating to the Risk & Compliance legal team
Education / Qualifications
Educated to degree level or have relevant specialist qualifications
Minimum of two A levels or NVQ equivalent in Business Studies
GCSE in English Language and Mathematics and a science
Knowledge and Technical Skills
Ability to develop knowledge, in legal processes and terminology,
Attain familiarity with client base
Business research skills
An understanding of the conflict rules
A basic understanding of money laundering and KYC (Know your
Broad IT skills
Knowledge of Microsoft Dynamics AX and InterAction and workflow desirable