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Job Title AML Analyst
Department Risk Management
Role Business Services
Job Location Bristol

Simmons and Simmons are looking for 2 AML Analyst's on a 6 month basis in either our Bristol or London office. This contract to support on a on-borading project.

Main duties and responsibilities

  • Understanding of rules around anti-money laundering and sanctions and experience of applying them.
  • Researching, identifying and verifying new clients by using online data providers and any other online resources.
  • Analysing and establishing the corporate structure for clients where relevant and tracing up to the ultimate beneficial owners.
  • Advising partners on further details that are required from the client in the event that information is not available in the public domain or documentation is required on identified individuals.
  • Ensuring that partners properly complete their risk profile requirements in the firm's onboarding system.
  • Researching and identifying PEPs and high risk clients by creating an online profile.
  • Attributing a risk rating to the client and escalating the client to the [Compliance] Team Manager or MLRO where a decision needs to be made upon analysis of documentation and risk.
  • Seeking sign off from the AML Team Manager, Risk legal team or MLRO where necessary and advising them on approach.
  • Assisting with ongoing monitoring for existing clients and updating CDD for existing clients.
  • 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.
  • Carrying out anti-terrorist and sanctions checks on clients and third parties where necessary.
  • Carrying out due diligence on third-party payers in line with the firm's policy.
  • Assisting the Conflicts Team with the identification and assessment of additional client vetting required for new matters for existing clients

Person specification

Education / Qualifications

  • Educated to degree level or equivalent
  • Minimum of two A levels or NVQ equivalent
  • GCSE in English Language and Mathematics
  • ICA qualification in Compliance or Anti-Money Laundering (or equivalent) desirable

Knowledge and Technical Skills

  • A strong understanding of the anti-money laundering rules and KYC (Know your client) requirements
  • Familiarity with an international client base and the variety of corporate structures involved
  • Business research skills
  • Broad IT skills and familiarity with client onboarding/workflow systems
Additional Documents
Job Description