Senior Compliance Analyst (Asia & ME)
Date: 19 Apr 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 compliance team in London to support Walkers Professional Services (WPS), covering our corporate, fiduciary and compliance service lines. WPS operates across all three regions of the firm, so the role will have a global remit. The work is principally focused on anti-money laundering, counter terrorist financing ("CTF") and sanctions compliance for new entities.
The role will require strong knowledge of the Cayman AML/CTF law and guidance. 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.
The candidate would be working an alternative shift pattern (7:30 – 16:00) in order to service our offices in the Asia.
Duties, Responsibilities & Person Specification
1. The analyst will be responsible for (a) identifying and verifying new entities along with 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 material, and (c) approving new relationships which satisfy applicable requirements, or otherwise escalating cases to the Compliance Manager 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 politically exposed persons (PEPs), sanctions issues and other regulatory and reputational risks;
4. Conduct and review risk assessments to ensure that the appropriate risk rating is assigned to clients and matters and that proper escalation to senior management is triggered in high risk scenarios;
5. Work closely with operational teams to ensure that the firm's AML/CTF obligations are met;
6. Assist with updating and maintaining compliance-related documentation, including AML manuals, policies, procedures and templates, as well as compliance bulletins and other internal communications;
7. Assist with the preparation of training materials and deliver training for compliance team members;
8. Assist with preparations for regulatory inspections and submissions;
9. Provide assistance with on-going monitoring procedures, including testing of reliance on third parties and other risk and compliance audits as necessary;
10. Work closely with operational teams to ensure that the firm's AML/CTF obligations are met;
11. Assist the Compliance Manager and Head of Business Acceptance with local, regional and global compliance projects as required;
12. Carry out any other duties commensurate with the purpose of the role, including the performance of duties outside normal working hours when required.
Education, Skills & Experience
• Graduate with experience in an international compliance function role with a focus on AML and other financial crime; preferably in a law firm environment or alternatively in the financial services sector.
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.
