Compliance Analyst
Job Description
Job title: Compliance Analyst
Company: TLT
Job description: We are recruiting for an Analyst to join our Can I Act team in Bristol.
Your Role
As a Compliance Analyst your day to day remit includes:
- Manage and implement an assessment of all high and medium risk clients, requiring CRP’s to review information regarding clients with whom they have a business relationship, including recompleting the AML client risk assessment, and updating CDD accordingly. Address any non-compliance in line with internal policies.
- Work with Client Relationship Partners (CRP) to ensure AML reviews undertaken of existing clients are consistent with what we know about the client, their business and risk profile, and relevant information has been kept up-to-date.
- Contact clients directly in order to explain the requirements of the Money Laundering Regulations and to seek information and documentation to comply.
- Monitor and analyse matter risk assessments being completed at the start of each matter and prior to completion monies being sent.
- Help ensure the Firm is comfortable acting in the particular circumstances and, if so, whether our internal controls have been adjusted to the appropriate level or risk presented by the client and retainer.
- Flag high risk factors for further investigation.
- Follow business acceptance procedures for all clients and work of the firm and take proactive steps to help ensure that fee earning teams understood those procedures and are compliant. This may involve attending team meetings and committees.
- To liaise with fee earners and others within the firm to make informed decisions about whether CDD requirements have been met and mitigate any risks that are identified in client or matter risk assessments
- To review and analyse CDD documents to ensure compliance with anti-money laundering regulations, identifying what is missing, seeking enhanced information, necessary and referring where necessary to TM or Risk.
- To review company information databases, research organisations, and conduct electronic verification searches on clients and third parties using bespoke software.
- Advise fee earners on complex CDD requirements including identifying layered beneficial ownership.
- Be able to conduct source of funds and source of wealth reviews and make decisions on whether the risk has been mitigated.
Your Skills and Experience
- Good research and analytical skills.
- Accurate data inputting, attention to detail and accuracy.
- The role would suit someone with previous experience of working in compliance for a law firm in the areas of conflict checking and CDD/KYC.
- A minimum of one year’s experience of conflict checking is required for the compliance analyst role.
- Legal qualification desired but not essential
Your Team
Can I Act are a shared service team within ‘TLT ReSource’ who undertake volume compliance tasks on behalf of the firm. The team deal with all tasks associated with taking on new clients and matters, such as conflict checking, client due diligence, and source of funds checks.
The team consists of 14 compliance professionals and is managed on a day to day basis by the Team Manager. The Risk Manager in Risk & Compliance is the strategic head of CIA and responsible for the team’s operations.
About TLT
Fast paced, fast growing and forward thinking, TLT is the law firm that helps clients stay one step ahead, and we do the same for our people.
We work with high profile clients in innovative sectors. With local, national and international reach, we have over 1,200 people in offices across the UK and a network of partner firms across Europe, India and the US. In 2021 we were named The Lawyer’s Law Firm of the Year, recognising our incredible success story.
Our purpose is to protect, prepare and progress our clients for what comes next and it’s essential that we do the same for our people, our planet and our communities too. In our open and collaborative culture, we encourage everyone to be their whole self, to have a voice and to contribute.
Our Benefits
We value our employees highly and we want you to feel valued. You’ll receive a competitive salary with an annual pay review. You will also have access to an extensive range of benefits via our flexible benefits scheme including 25 days holiday (which will increase to 30 days based upon length of service) and private medical insurance.
At TLT we have a progressive fully flexible working approach. We empower our people to work in a place and at a time that meets their needs, those of their clients and of the wider team and firm. Part of this agile approach is a focus on hybrid working and supporting the work/life balance of our people.
TLT is committed to creating a diverse and inclusive working environment and encourages applications from all suitably qualified people, regardless of any of the characteristics protected by the laws in the locations in which we operate.
We welcome applications from people with disabilities and are committed to providing reasonable adjustments, where necessary, to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, require any reasonable adjustments or an application to Access to work please contact the recruitment team on HR-Recruitment@TLTsolicitors.com
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