Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,000 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe.
Description/Job Summary
The AML Analyst will follow the firm’s AML processes, ensuring full compliance with regulatory and legal obligations across various jurisdictions, as part of a high performing team.
Responsibilities/Duties
AML:
* Review and assess the AML and reputational risk associated with new client and matter requests;
* Perform client due diligence and screening for PEPs, Sanctions, Adverse Media etc., utilising a number of trusted industry sources;
* Disposition screening alerts making a determination on true or false matches, escalating if required;
* Thoroughly document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders in accordance with the firm’s AML policy;
* Undertake appropriate research using tools and technology to assess risk on a client and matter basis as well as ongoing monitoring;
* Perform investigations where there are ML/CTF suspicions regarding clients and/or matters and escalate findings clearly and concisely for internal review by the firm’s MLRO;
* Develop solid relationships with key internal stakeholders including Partners, Associates, Business Services, and Conflicts;
* Periodically evaluate existing clients (by way of ongoing monitoring) in order to keep CDD and risk assessments on client files up to date; and
* Assist with any other AML compliance-related matters or projects as identified and assigned by the Director[s] of [European] Risk and Compliance and/or the Senior Risk & Compliance Lawyer.
Risk and Compliance:
* Keep abreast of regulatory changes in the jurisdictions within which the firm operates;
* Assist with policy changes following regulatory updates;
* Assist with research and updating training materials as and when required; and
* Assist the team with ad hoc projects as and when required.
Required Skills
* Bachelor's degree required (2:1 or above preferred);
* Law degree preferred;
* Law firm AML experience is essential;
* Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry;
* Strong analytical and research skills;
* Experience of AML/KYC/Due Diligence processes and systems;
* A very high level of attention to detail;
* Excellent communication skills, written and verbal;
* Team player;
* Must have sound judgment;
* Able to work in a fast paced environment;
* Good planning, time management and prioritisation skills; and
* Must have good knowledge of Microsoft office applications especially strong Excel skills.
Details
Salary and Benefits: Competitive
Hybrid: Monday-Thursday in office, ability to WFH on Fridays
Simpson Thacher is committed to ensuring that everyone can reach their full potential, irrespective of background, identity, or circumstance. We know that we are at our best when we bring together diverse experiences and perspectives. This is why we are focused on fostering a collegial environment which maximises collaboration, empowering every individual to thrive and succeed.
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