Job Description
The AML/KYC Compliance Coordinator (Anti-Money Laundering / Know your Client) will undertake detailed analytical research of clients and parties on a global basis to provide efficient and effective Client Due Diligence (CDD) services to Firm Partners and local offices in new and existing client registrations and matters; will utilize knowledge and experience of Know Your Customer (KYC) and Anti-Money Laundering (AML) and Sanctions screening activities to carry out risk-based reviews and make decisions to support timely client on-boarding and matter processing, ensuring compliance with ethical, legal and regulatory requirements; review and disposition alerts generated through screening of clients and parties; conduct beneficial ownership investigations; and undertake periodic reviews of existing client profiles.
Location: Belfast, Northern Ireland
Responsibilities:
- Undertake day-to-day compliance activities in line with AML obligations
- Provide all aspects of support to the Firm, its Partners and offices with regard to the AML/KYC function within New Business Intake (NBI)
- Diligently review and assess the AML and reputational risks associated with all new client and matter requests submitted via the Firm’s intake system (Intapp) in order to perform KYC/CDD
- Perform detailed investigations to identify presence of Politically Exposed Persons (PEPs) or Closely Related Associates (CRAs), Adverse Media and Sanctions, utilising a number of trusted industry sources (such as World-Check, D&B, Hoovers, Lexis Nexis), providing a concise rationale for false or positive ‘match’ decisions
- Conduct independent verification of client due diligence information using additional research methods
- Make sound and educated decisions regarding the existence and validity of possible AML, Sanctions or reputational concerns and complete subsequent follow up activities
- Conduct thorough beneficial ownership investigations in order to provide results to local offices and ensure compliance with Firm policies and procedures
- Thoroughly document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders e.g. Regulators, Audit, Risk and Compliance
- Provide results of screening and client due diligence undertaken to offices at agreed frequencies and work to address any CDD concerns
- Periodically evaluate existing client profiles in order to keep client files up-to-date
- Conduct enhanced due diligence and monitoring of higher risk relationships
- Review results of ongoing screening and monitoring activities to determine if further action or escalation is required, clearly documenting results and decisions made
- Operate within agreed SLAs and confidentiality standards
- Build trusted relationships with key internal stakeholders; Partners, Fee Earners, PAs, local AML/Compliance Managers
- Support internal testing and audit requirements
- Assist with any other AML Compliance related matters or projects as identified and assigned by the AML Compliance Manager
- Assist with developing training materials, team standards, presentations and courses on AML compliance awareness
- Engage and collaborate with team members through the presentation of ideas and recommendations regarding best practice, continuous improvement, departmental processes, policies and procedures
Skills and Experience:
- Bachelor's degree required (2:1 or above preferred)
- Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry
- Good relevant AML experience
- Strong analytical and research skills
- Experience of AML/KYC/Due Diligence processes and systems
- Experience with AML monitoring and screening
- Ability to manage processes efficiently, with accuracy and attention to detail
- A recognized AML/Compliance qualification is desirable but not essential
- Excellent communication skills, written and verbal
- Strong decision making capabilities
- Team player adaptable to fast-paced and changing environment
- Good planning, time management and prioritization skills
- Ability to work independently and also to liaise with other departments
- Must have good knowledge of Microsoft office applications and other productivity tools (Intapp knowledge is an advantage)
- Flexibility to work a reasonable shifting schedule is required
- Exceptional problem solving, critical thinking, and analytical skills
- Ability to contribute ideas for process improvements and adapt easily to procedural changes
- Positivity and the adoption of a solution-based approach in all aspects of work
Job Types: Full-time, Permanent
Schedule:
Application question(s):
- Will you now or in the future require sponsorship for employment visa status?
- Are you currently based in Northern Ireland? If No, please specify your location
Work authorisation:
- United Kingdom (required)
Work Location: One location
Reference ID: AML/KYC Compliance Coordinator (Anti-Money Laundering / Know your Client)