AML/Conflicts Analyst

Vedder Price; London; On-site; GBP 35,000 - 55,000; Full time

Job description

NOTE: We are only accepting applications from direct applicants and agencies with which we have current agreed terms.

Vedder Price's London office is looking for an AML/Conflicts Analyst. The AML/Conflicts Analyst position is primarily responsible for the entire AML due diligence and conflicts checking process, which requires an ability to have a comprehensive understanding of both AML and conflict databases, producing conflicts reports by using search strategies, processing and analyzing incoming new client and new matter workflow, analyzing large conflict check reports on a daily basis to identify actual/or potential conflicts, documenting potential conflict situations, proposing resolutions, and coordinating the documentation for resolution. To support the Chicago-based Conflicts Manager and the London Office in ensuring effective client and matter risk controls are in place and operate across the full range of practice areas globally. To contribute to ensuring that the firm complies with its regulatory obligations and appropriately manages and mitigates risk issues. Advanced knowledge of AML and conflicts as well as an overall understanding of a commercial law practice required.

As an AML/Conflicts Analyst, your duties will include but not be limited to:

• Responsible for new business conflicts checks on a daily basis with exposure to lateral hire conflicts checks on as needed basis
• Data entry, searching and analysis of conflicts data as supplied by secretaries, attorneys, marketing and other administrative support staff into the Firm's conflicts and new business intake system
• Understanding the business intake and conflicts search process in accordance with Firm policies and procedures
• Conduct exhaustive corporate research via internal and external sources on all related parties, affiliates and clients of lateral hire candidates
• Ensure that complete, documented conflict searches are performed for the clients of lateral hire candidates, and major organizational relationships of and investments made by Firm attorneys
• Prepare and analyze reports and effectively summarize conflict check results in collaboration with the Conflicts Manager
• Articulate potential issues and follow-up on conflict issues with attorneys and others
• Understand legal relationships and the nature of representation undertaken between companies and individuals and incorporate those relationships into the conflicts database and in report analysis
• Maintain a working knowledge of technology relating to new business intake and conflicts and effectively create workflow changes in the system
• Assign new client/matter numbers for new firm matters and ensure that all waivers, when needed, have been received
• Respond to all inquiries made by secretaries and attorneys relating to intake and conflicts
• Ensure timely and efficient processing of new business and lateral hire requests
• Client Due Diligence (CDD) Process, including managing high risk clients, and Business Acceptance Committee Processes
• Sanctions monitoring, including sanction updates
• Assessment of AML risk depending on client’s jurisdictions, legal regulatory position and commercial activities
• Assist in compliance auditing and non-compliance reporting
• Assist in advising the firm on its AML and professional ethical compliance obligations and standards
• Assist in creation and review of internal AML compliance policies and procedures
• Assisting with any compliance projects
• Assume any other duties/special projects as assigned by manager
• Work after hours, including occasional emergency conflicts search coverage on weekends, as needed

Skills & Competencies:

• Knowledge of research databases
• Advanced internet skills, and exceptional attention to detail
• Working knowledge of applicable Rules of Professional Conduct pertaining to business intake and conflicts and AML regulations
• Ability to draw accurate conclusions from complex sets of information
• Excellent interpersonal, written and verbal communication skills
• Excellent professional work ethic, initiative and customer service
• Excellent analytical skills
• Ability to work independently
• Ability to work with tight deadlines

Qualifications & Required Experience:

• Bachelor's degree in a relevant information management or legal studies discipline is required. A secondary degree is strongly preferred
• Minimum of two years' experience in conducting legal research required
• Compliance experience working in a law firm or a professional services environment
• Relevant degree and/or International Compliance Association Diploma in Anti-Money Laundering or Compliance
• Advanced internet skills, and exceptional attention to detail
• Previous experience in a law firm, professional services or consulting firm in processing new business and/or conflicts of interest is strongly desired
• Position also requires the ability to work under pressure to meet strict deadlines

Equal Employment Opportunity:

Vedder Price P.C. is an equal opportunity employer. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability (where applicant is qualified to perform the essential functions of the job with or without reasonable accommodations), medical condition, protected veteran status, gender identity, genetic information, or any other characteristic protected by federal, state, or local law. We participate in E-verify.

Applicants who are interested in applying for a position and require special assistance or an accommodation during the process due to a disability should contact the Vedder Price Recruiting Team at [e-mail].