AML Analyst

5w1 month ago

Troutman Pepper Locke LLP

London, GB · Full-time · £45,000 – £65,000

About this role

The AML Analyst manages anti-money laundering processes, including client due diligence (CDD), AML risk assessments, KYC documentation collection, and client engagement letter reviews. This role involves research, risk-based analysis, decision-making, and documentation to ensure timely client and matter intake per regulatory requirements. The position supports the firm's AML function on risk issues.

Day-to-day duties include screening new clients and matters for politically exposed persons (PEPs), sanctions, negative news, and risk factors using Worldcheck, Lexis, GRID databases, and web research. Research and evidence ultimate beneficial ownership of corporate entities. Liaise with lawyers to complete risk assessments and collect KYC documents.

The AML Analyst works closely with AML and Compliance Counsel, Money Laundering Reporting Officer (MLRO)/Compliance Officer for Legal Practice (COLP), Money Laundering Compliance Officer (MLCO), and US-based General Counsel’s office. Collaborate with Intake and Conflicts Services team, lawyers, and secretaries for approvals and clearances. Coordinate with Trust Compliance Counsel on UK trust/client accounts.

Assist with AML training to embed compliance, practice-wide risk assessments, audits, and projects. Prepare for Solicitors Regulation Authority (SRA) visits and provide timely information for inquiries. Support ad hoc tasks like SRA compliance, regulatory projects, policy drafting, and reviewing outside counsel guidelines.

Requirements

Basic understanding of the UK AML regime
Ability to analyze due diligence results and effectively communicate and document potential risk issues
Strong analytical skills and attention to detail
Ability to organize and produce detailed accurate work whilst managing a busy inbox
Demonstrated ability to make risk-based judgment calls on a daily basis
Familiarity with databases like Worldcheck, Lexis, GRID for sanctions and PEP screening
Knowledge of KYC/CDD processes and regulatory compliance in legal practice

Responsibilities

Handle day-to-day AML aspects of client and matter intake in London office and occasionally US offices
Conduct CDD and screen new clients and matters for PEPs, sanctions, negative news using Worldcheck, Lexis, GRID
Research, document and evidence ultimate beneficial ownership of corporate entities
Liaise with lawyers on completing AML client and matter risk assessments
Analyze, document and approve risk assessments with AML Counsel, flag issues to MLRO
Monitor higher risk clients, matters, PEPs, source of wealth/funds
Work with lawyers and secretaries to collect and review KYC documentation
Assist with AML training, risk assessments, audits, SRA visits and ad hoc compliance tasks