Regulatory Monitoring Compliance Analyst

Date: 5 Jul 2024

Location: London, GB, EC3M 7AF

Company: Walkers Global

Walkers is a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.

Walkers treat everyone as the intelligent grown-ups they are. We take a grown-up approach to getting the job done – trusting and empowering our people to deliver consistently, and enabling them to succeed. Diversity is our secret weapon – it’s the sheer breadth of Walkers people that makes us who we are – gathered from across the globe and fluent in languages, jurisdictions and cultures that help us to mirror our clients and keep our own thinking in tune with the world we operate in.

Overview of role

This is an opportunity to join the firm's Regulatory Monitoring team in London to support Walkers Law Firm and Walkers Professional Services (WPS) across all regions the firm operates. Compliance Analysts core role is to complete risk assessments across the business and provide support and guidance to the business with any Compliance queries that arise.

 

Our Regulatory Monitoring team is responsible for monitoring and managing the ongoing Compliance risks Walkers face. It is principally focused on anti-money laundering, counter terrorist financing ("CTF") and sanctions compliance for existing entities, including:

• Periodic and trigger based risk assessments of our clients (including enhanced monitoring over our high risk clients);

• Investigation and alert investigation process of our screening processes (covering sanctions, Politically Exposed Persons (PEP) and adverse media screening);

• Supporting WPS in performing KYC reviews and screening we conduct on behalf of our clients;

• Supporting Walkers law firm on the auto file closure process and ensuring effective matter management across the global law firm;

• Supporting with completion of regulatory returns as required for Walkers Group.

 

The role will require knowledge of the AML/CTF regimes across the Firm's ten offices and multiple business lines and in particular AML/CTF law and guidance in the Cayman Islands. Full training will be provided but the successful applicant will be expected to supplement this with independent reading of the regulations and remain up to date on regulatory changes.

Duties, Responsibilities & Person Specification

1. The analyst will be responsible for conducting periodic and trigger based risk assessments of our clients which include (a) reviewing the due diligence of existing Walkers entities/clients and where appropriate, re-identifying their ownership and control to assess AML/CTF and sanctions risks and determine applicable Customer Due Diligence ("CDD") requirements, (b) collecting and reviewing relevant CDD materials, (c) determining the risk rating of clients and whether additional due diligence measures are required and (d) re-approving, where appropriate, existing relationships which satisfy applicable requirements, or otherwise escalating cases as necessary;

2. Provide practical and prompt advice and assistance to fee-earners and other professional staff in relation to applicable AML/CTF (including CDD) obligations;

3. Conduct screening to identify PEPs sanctions issues and other regulatory and reputational risks, including;

4. Investigate any suspicious activity that arises through periodic and trigger based risk assessments and escalations from the business;

5. Support WPS in performing KYC reviews and screening we conduct on behalf of our clients;

6. Support Walkers law firm on the auto file closure process and ensuring effective matter management across the global law firm;

7. Support with the completion of regulatory returns as required for Walkers Group;

8. Provide assistance with on-going monitoring procedures, including testing of reliance on third parties and other risk and compliance audits as necessary;

9. Work closely with operational teams to ensure that the firm's AML/CTF obligations are met;

10. Providing support on regional and global compliance projects as required;

11. Carry out any other duties commensurate with the purpose of the role, including the performance of duties outside normal working hours when required and work in a flexible manner.

Education, Skills & Experience

• Graduate with experience in an international function with a focus on AML and other financial crime, preferably in a law firm or corporate services provider environment.

• KYC/CDD, AML, Screening or Legal Conflicts;

• Understanding of offshore structures, particularly in the context of funds and other investment vehicles;

• Excellent oral and written communication skills and ability to communicate with partners, employees and (where appropriate) with the firm's clients;

• Strong research, analytical skills and attention to detail;

• Ability to work independently and as part of a team;

• Client- focused and commercial aptitude;

• Ability to work under pressure and responsive to the expectations of partners and clients;

• Able to prioritise competing demands; excellent time management and organisational skills.

Walkers global is an equal opportunity employer. Equality and diversity are key to our global identity and an integral part of our goal to continue being an employer of choice. We are committed to a work environment that supports all individuals irrespective of gender, ethnicity, nationality, race, religion, marital status, age, disability, pregnancy, sexual orientation, gender identity or any other applicable legally protected characteristics. We make every effort to ensure that employment opportunities are open and accessible to all purely on the basis of personal ability.