Full-Time

Anti-Money Laundering Analyst

Posted on 9/9/2024

Goodwin

Goodwin

1,001-5,000 employees

Global law firm providing legal services

Financial Services
Real Estate
Legal

Entry, Junior

London, UK

Job is based in London, UK.

Category
Risk & Compliance
Legal & Compliance
Requirements
  • Strong knowledge of the Money Laundering Regulations 2017 (and its amendments), the 4th, 5th and soon to be 6th EU Money Laundering Directives, and the Law Society of Hong Kong’s Practice Direction P (or a willingness to acquire such knowledge).
  • Knowledge of different types of corporate, partnership and trust entities.
  • Ability to adhere to and apply compliance policies and procedures.
  • Ability to communicate with all levels of the firm professionally and tactfully.
  • Ability to provide a high level of service in a fast paced environment.
  • Ability to handle a high volume of tasks while maintaining attention to detail and prioritising as necessary.
  • Ability to use own judgement to come to decisions but also aware of when issues need to be escalated.
  • Flexible and able to adapt to new situations, processes and new technology.
  • Law degree or Graduate Diploma in Law essential. Legal Practice Course preferred. Equivalent qualifications from other common law jurisdictions considered.
  • Experience of client due diligence and knowledge of the requirements of the Money Laundering Regulations 2017 and their subsequent amendments and the various EU Money Laundering Directives (or the Law Society of Hong Kong’s Practice Direction P) preferred but not essential.
  • Experience of conducting company searches and use of resources such as Mint Global, Capital IQ and Lexis/Nexis Corporate Affiliations preferred but not essential.
Responsibilities
  • Conducting client due diligence:
  • identifying clients and obtaining information to evidence their existence and ownership structures using information sources such as Mint Global, Companies House, Capital IQ, Lexis/Nexis Corporate Affiliations and the internet;
  • liaising with partners and associates, and also with clients, to obtain information and documentation which is not available from public information sources;
  • completing risk assessments for both clients and matters;
  • identifying high risk clients and escalating any issues to the Money Laundering Reporting Officer in the relevant office(s);
  • liaising with the Conflicts team to ensure that all new client/matter opening requirements are completed.
  • Advising on ongoing monitoring of clients/matters in accordance with legal/regulatory requirements.
  • Reviewing, where necessary, prospective clients to ensure any reputational or sanctions issues are understood and are deemed within the firm’s risk appetite.
  • Assisting with continually updating policies and procedures relating to new client/matter opening, anti-money laundering and counter-terrorist financing, and other compliance topics.
  • Lead periodic team/department/firm training sessions.
  • Educate on AML legislation as well as processes worldwide.
  • Support new joiner training.

Goodwin is a global law firm that provides legal services to clients in various industries, including financial services, life sciences, private equity, real estate, and technology. The firm specializes in complex transactions, high-stakes litigation, and advisory services, helping clients navigate intricate legal issues and close significant deals. Goodwin operates on a business model that charges fees for its services, which can be billed hourly or on a project basis. What sets Goodwin apart from its competitors is its extensive global presence, with over 1,000 lawyers located in major cities across the United States, Europe, and Asia, allowing it to serve a diverse client base effectively. The firm's goal is to deliver tailored legal solutions that meet the specific needs of its clients, regardless of their size or industry.

Company Stage

N/A

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1912

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for legal services in technology boosts Goodwin's client base.
  • Goodwin's expansion into ESG practices aligns with rising investment trends.
  • Remote work trends push Goodwin to adopt innovative technologies for client engagement.

What critics are saying

  • Competition from firms like Paul Hastings may lead to talent and client loss.
  • High-profile cases may attract political scrutiny, affecting Goodwin's reputation.
  • Expansion into new markets like Luxembourg could strain resources without guaranteed returns.

What makes Goodwin unique

  • Goodwin has a global presence with offices in major cities worldwide.
  • The firm specializes in complex transactions and high-stakes litigation across various industries.
  • Goodwin's diverse client base includes companies in financial services, life sciences, and technology.

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