Conflict Analyst

Employer
Simmons & Simmons
Location
London (Central), London (Greater)
Salary
Competitive
Closing date
6 Nov 2021

View more

Vacancy Type
Other specialist roles, Risk Management
Role Classification
Other Professional
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Job Details

Simmons & Simmons are looking for a Conflicts Analyst to join our growing Risk team in Bristol or London. The successful candidate will provide and manage the business acceptance of all new clients and matters which involves providing a conflict checking service to the whole firm, screening new business for sanctions, compliance with anti-money laundering requirements in relation to new matters, and communicating with the partnership.

Main Duties & Responsibilities

Risk management: conflict checking

  • Understanding of rules around conflicts and experience of applying them
  • Shared responsibility for providing the conflict checking service to the firm world-wide
  • Handle conflict checks requests to an agreed standard using Microsoft Dynamics AX, and other databases as required
  • Assist in maintenance of conflicts database
  • Maintain related documentation and store evidence in FileSite in line with regulatory requirements
  • Ensuring that partners properly complete their risk profile requirements in the firm's onboarding system.
  • Maintain Global Address Book party index on the conflicts database
  • Use IT skills to search external commercial databases (e.g. searching commercial products to identify ownership and corporate structures).
  • Consider CDD implications of related parties to a matter and the substance of the matter / matter risk assessment from all offices and liaising with AML team where applicable.
  • Carrying out due diligence on third-party payers in line with the firm's policy.
  • Attributing a risk rating to the matter and escalating the client to the AML Team where a decision needs to be made upon analysis of documentation and risk.
  • Recording all AML documentation, communications and risk rating in the firm's client onboarding system, together with a summary of conclusions reached and steps taken.
  • Dealing with day to day queries from the Conflicts team and legal and business services staff in relation to ongoing conflicts requests and escalating to the Risk & Compliance legal team where necessary.

Person specification

Education / Qualifications

  • Educated to degree level or have relevant specialist qualifications
  • Minimum of two A levels or NVQ equivalent in Business Studies
  • GCSE in English Language and Mathematics and a science

Knowledge and Technical Skills

  • Ability to develop knowledge, in legal processes and terminology, business resources
  • Attain familiarity with client base
  • Business research skills
  • An understanding of the conflict rules
  • A basic understanding of money laundering and KYC (Know your client) regulation
  • Broad IT skills
  • Knowledge of Microsoft Dynamics AX and InterAction and workflow desirable

Company

Simmons & Simmons is a leading international law firm with offices in Europe, Asia and the Middle East.

We have built our practice around local lawyers who understand their country's culture, business and language. Our integrated international teams provide the right balance of local knowledge and seamless global service. 

Simmons & Simmons' clients benefit from our focus on key industry sectors and legal service areas and the commercially astute expertise we deliver across the globe. 

We recognise that the firm is only equal to the strengths of its people: we foster an environment where individuals flourish; we respect each other’s talents and abilities and are serious about inclusion and diversity in the workplace; and we are committed to upholding our reputation as a decent place to work.

Find Us
Website:
Telephone
+44 (0) 20 7628 2020
Location
CityPoint
One Ropemaker Street
London
EC2Y 9SS
GB
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