Senior Officer, Risk Assessment & Business Protection (KYC/AML)

Employer
Ashurst
Location
Glasgow, Glasgow City
Salary
Competitive
Closing date
4 Dec 2021

View more

Vacancy Type
Other specialist roles, Risk Management
Role Classification
Other Professional
You need to sign in or create an account to save a job.

Job Details

About Ashurst:

Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. To find out more please visit here

In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks. These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations

Business Area - Risk & Compliance

Role: Senior Officer - Risk Assessment & Business Protection

Location: Glasgow

Reporting to: Manager - Risk Assessment & Business Protection

Hours of work -37.5 hours per week Monday to Friday, working 7.5 hours a day between the core hours of 09:00 - 17:30.

Flexible working is available between the hours of 06:00 - 21:00 and may be required to support global coverage.

You may also be required to work additional hours to meet specific deadlines and/or facilitate project implementations.

Department/ Role Overview:

Working as part of the Risk Assessment & Business Protection Team to discharge the legal obligation of the firm's lawyers (in all 29 offices in which we operate) to carry out financial crime and sanctions risk assessments on their clients and matters. Protecting the firm's lawyers from sanctions and penalties from crime enforcement agencies and regulators for failure to meet this obligation to a sufficient standard.

Ensuring the firm as a whole meets its anti-money laundering and counter terrorist financing ("AML/CTF") obligations (and other associated requirements) worldwide.

Ensuring the firm meets its international regulatory requirements for identifying sanction concerns, politically exposed persons (PEPs) and client related negative press within their existing client base.

Ensuring the firm is protected from a reputational standpoint.

Main responsibilities:

Business as usual:

  • Research relevant information sources and international databases to compile the documentation needed to verify the identity of clients of the firm (and other relevant entities) by reference to the applicable jurisdictional legislation / regulation
  • Analyse sufficiency of identity documentation in the context of global firm policy, local anti-money laundering laws and regulations in the various jurisdictions in which we operate
  • Accurately record relevant client and matter information in the firm's Risk Assessment Database
  • Compose extensive written risk assessment, including technical analysis of money laundering, bribery, reputational and sanctions risks with reference to sectoral and jurisdictional risks and FATF identified risk typologies.
  • Liaise with partners, fee earners and external clients, providing them with a comprehensive explanation of the relevant policy as well as local laws and regulations to support requests for client identification documentation that is not publicly available
  • Compose detailed escalations to MLRO and Head of Financial Crime (where appropriate), containing relevant risk information and in-depth legal analysis around whether the client/work fits within the firm's risk appetite or any potential obligation to report to crime authorities that may arise.
  • Ensure the firm is adhering to its on-going monitoring obligations by periodically updating the documents and information we hold on our clients and composing updated technical written analysis. Escalating any new risk information to MLRO or Head of Financial Crime as appropriate.
  • Deal with a variety of time sensitive queries from the business and find a resolution to these queries that comply with firm policy as well as local AML regulations in the 19 jurisdictions in which we have offices. Provide comprehensive legal explanations on these to the partner or fee earner.
  • Provide the relevant matter team with detailed advice on the client or matter risk level, the nature of any risks identified, as well as conditions for 'clearance' from a risk perspective for every new client and matter.
  • Liaise with mentors/Manager for guidance as required
  • Ensure all global suppliers of the firm are consolidated in our TPRM platform
  • Ensure supplier criticality, risk level, data access level and information security systems are analysed, recorded and any required remediation completed.

Mentorship

  • Review and provide feedback on risk assessments completed by junior members of the team
  • Support development of junior members of the team through mentoring and helping to deliver some basic training;
  • Contribute to process improvements and assist on documenting new processes and procedures in the team Process Manual

Project work and control function:

  • Work with team members on the various live projects as required

Risk and Control: Ensure that all activities and duties are carried out in full compliance with our regulatory requirements and internal policies.

Essential skills and experience:

  • At least one years' experience in Risk and Compliance in the professional services sector
  • Knowledge of AML/CTF obligations
  • Degree qualified in Law, Risk Management, Business, Politics, Economics or related discipline
  • Strong organisational and research skills, attention to detail and ability to work well under pressure
  • Ability to work efficiently, to prioritise and to meet deadlines
  • Ability to demonstrate good judgement and an inquisitive mind
  • Good team spirit: assist others, when necessary, with the resolution of issues in a diplomatic manner
  • Flexible, versatile and able to adapt to new situations, processes and technology
  • Keen interest in learning about the firm-wide legal practices, and its clients
  • Analytical ability
  • Good attention to detail
  • Ability to work well under pressure
  • Good PC skills and experience working with Microsoft Word and Excel

Desirable skills and experience

  • Knowledge of international sanctions regulatory work
  • Experience of mentoring at least one person

Company

Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 25 offices in 15 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With 400 partners and 1,200 lawyers working across 10 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.

Find Us
Telephone
+44 20 7638 1111
Location
London Fruit & Wool Exchange
1 Duval Square
London
E1 6PW
United Kingdom
You need to sign in or create an account to save a job.

Get job alerts

Create a job alert and receive personalised job recommendations straight to your inbox.

Create alert

Similar Jobs