The Compliance Specialist will be responsible for facilitating the onboarding of new clients and new matters primarily in the Firm’s non-US offices, in line with the Firm’s onboarding procedures and compliance policies relating to Anti-Money Laundering (AML), sanctions screening, and Client Due Diligence (CDD).
This role reports directly to the Firm’s Compliance Manager, with indirect reporting into Compliance Partners/MLROs.
Responsibilities include:
Ensure that the onboarding of new clients, matters and third‐party payors comply with the Firm’s internal AML, CDD, and trade sanctions / export control policies.
Respond to queries relating to the interpretation of relevant legislation, regulation and Firm policies pertaining to AML and trade sanctions.
Review new client, new matter and CDD forms submitted by partners, as well as global screening reports generated through a third-party customer screening and risk intelligence tool, to verify compliance with AML, CDD, and trade sanctions / export control policies.
Ensure CDD memos, new client and matter opening forms and supporting KYC documents are filed on the firm’s central database.
Maintain adequate records of the status of client and beneficial owner identification and verification for new and existing clients.
Monitor changes to AML rules and regulations across all applicable jurisdictions and assist the Firm’s Compliance Officer, Compliance Manager or Senior Compliance Specialist, and Compliance Partners with updating/implementing applicable policies and procedures.
Stay current on, and ensure compliance with, new procedures, guidance and best practices; attending AML and trade sanctions courses and seminars as needed or directed.
Ongoing review of CDD documentation held for existing clients.
Conduct training for new and existing attorneys and other relevant staff on the client intake process.
Assist in the submission of AML questionnaires and annual AML returns as and when requested or required by local regulators.
Assist with the Firm’s internal compliance monitoring processes.
Support the Compliance Manager or Senior Compliance Specialists, as applicable, providing cover during annual leave.
Participate in demos and planning discussions with respect to, and assist with testing and/or piloting of, new third-party or internally constructed software applications relating to client intake, AML compliance, CDD, trade sanctions and export control compliance, and client lifecycle management generally.
General ad hoc duties; including but not limited to supporting compliance-related projects.
