The Anti-Money Laundering Analyst (the Analyst) will be responsible for ensuring that new clients, new matters and third party payers comply with the requirements of applicable anti-money laundering (AML) legislation and the firm’s AML policies. The Analyst will proactively ensure that appropriate client due diligence is conducted on all relevant entities and new matters and will report potentially suspicious activities to the firm’s Money Laundering Reporting Officer (MLRO). The Analyst will work closely with the Senior AML Analyst, the Risk Management Lawyer in London, the MLRO, the Finance Teams and the Conflicts & New Business Intake Team. This role will operate across the full range of the firm’s practice groups and offices in support of the firm’s AML program and will contribute to ensuring that the Firm complies with its regulatory obligations and appropriately manages and mitigates risk issues associated with AML:
- Assess the risk profiles of new and existing clients and third party payers by conducting independent research and reviewing client due diligence materials.
- Conduct due diligence searches using various third party and internal databases. This includes ascertaining the nature of an entity’s role in a transaction and producing corporate trees to ascertain beneficial ownership and subsidiary holdings.
- Work closely with the Finance Teams globally to ensure that adequate AML checks are conducted in connection with funds received into the firm’s client accounts/escrow accounts/IOLTA accounts.
- Review new client and matter intake forms submitted via the internal New Business Intake system to verify that information (including information on third party payors) provided by the practice group is complete.
- Handle ‘low to medium’ client due diligence, client care and sanctions issues with minimal supervision.
- Review and adhere to internal compliance policies and procedures and ensure that amendments to applicable local laws in the jurisdictions in which the firm practices are properly reflected in the firm’s policy.
- Work closely with departmental colleagues, lawyers, paralegals, secretaries and other administrative staff and management.
- Other department projects and duties as assigned by management team.
Required Knowledge & Attributes
- Strong knowledge and understanding of the EU Money Laundering Directive (and implementing legislation), MSA/AML, OFAC and USA PATRIOT Act and other relevant regulations governing AML, conflicts of interest and conflicts resolution processes.
- Awareness of the work undertaken by a large global law firm, along with an appreciation of commercial and legal terms.
- Understanding of relevant legal documentation.
- Proficiency in technical applications – working knowledge of LegalKEY and Elite a plus.
- Effectively utilise research applications such as Lexis Diligence, Complinet, Accuity, Dun & Bradstreet, Capital IQ and Hoover’s.
- Understanding of key AML monitoring systems.
- Excellent organizational skills and a high attention to detail.
- Ability to manage complex projects and assignments while maintaining tight deadlines.
- Strong oral and written communication skills. Can confidently and clearly explain problems and issues and contribute to their resolution.
- Ability to work effectively with all levels of personnel with tact and diplomacy.
- Ability to work effectively in teams including cross-border communications.
- Proven analytical, planning, problem solving and decision making skills.
- Bachelor’s degree in business finance, accounting or equivalent experience
- Minimum 2 years of AML or related compliance experience
- Flexibility to work additional hours, different shifts, or weekends as needed.
- ACAMS certification
- Law firm experience
About Shearman & Sterling
Shearman & Sterling is recognised as one of the leading international corporate and commercial law firms in London. Our ability to offer integrated English and US legal advice across a broad range of practices has made us one of the most successful US firms in the UK market.
In London, we represent major UK and international companies and financial institutions. Our lawyers are acknowledged as market leaders in antitrust, asset management, banking and leveraged finance, capital markets, executive compensation and employee benefits, financial services, international arbitration and litigation, mergers and acquisitions, project development and finance, property, structured finance, and tax.