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AML and Sanctions Manager

We are currently recruiting for an AML and Sanctions Manager to join our London team!

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Type

Permanent - Full Time

Location

London

Job Role

Risk and Compliance



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What we are looking for?

The Anti-Money Laundering ("AML") and Sanctions Manager will support the International Risk & Compliance Director, including in his capacity as Withers' Money Laundering Reporting Officer and Money Laundering Compliance Officer. 

The role covers all aspects of AML, Counter Terrorist Financing ("CTF") and Sanctions compliance and will involve supporting Withers to achieve compliance with regulatory and statutory responsibilities and working with key stakeholders across the business including managing elements of the work of the Risk & Compliance Team across the firm's European, APAC and US operations.

 

 Areas of focus and responsibilities:

  • Support the International Risk & Compliance Director/MLRO to supervise and manage the team responsible for the development and maintenance of the firm's policies, controls and procedures.  Including horizon scanning to ensure delivery of any required changes in a timely fashion.
  • Responsible for direct line management of a UK based Risk & Compliance Officer, and indirect management responsibility for the AML, CTF and Sanctions compliance elements of the roles of the firm's global New Business Intake team. Playing a key role in the development of a global team's AML and Sanctions expertise.
  • Deputising for the Risk & Compliance Director/MLRO, and oversee the work of a UK Risk & Compliance Officer, to ensure that comprehensive subject matter expertise is available for sanctions and AML/CFT advice, and ensuring that any internal suspicious activity reports or other referrals are quickly assessed and documented in MLRO’s absence including (where appropriate) reporting to the relevant authorities.
  • Working with the Human Resources team to ensure that an new Beneficial Owners, Officers and Managers ('BOOMs') are identified and appropriate SRA approvals sought and the ongoing screening programme for relevant persons is undertaken in a timely fashion.
  • Provide advice and guidance to Withers overseas offices on the alignment of firm wide AML/CTF and sanctions policies, controls and procedures.
  • Preparing regular reports on the results of internal auditing of compliance with the firms AML, CTF and Sanction compliance programme with a focus on (i) identifying and addressing any compliance concerns, and (ii) making recommendations to key stakeholders on any areas requiring attention.
  • Assist with the preparation of MLRO/MLCO Partnership Board Reports and other reports related to AML/CFT or Sanctions.
  • Provide regular AML, CTF and sanctions updates to key stakeholders and the Risk & Compliance team on issues raised or trends identified and to ensure they are up to date with applicable AML laws and regulations and advise on how these changes affect the firm and its processes.
  • Direct and indirect management responsibility for a team of people who:
  • Oversee the client due diligence ('CDD') process and screening for PEPs, Sanctions, Adverse Media, etc. utilising several industry sources including disposition of screening alerts, and provide advice on complex client due diligence queries
  • Review matters to be escalated and requiring senior management approval including making make risk-based decisions about higher-risk clients and document proposals as to whether a matter should be opened or if further information is needed.
  • Oversee the monitoring of timing of the AML/CTF due diligence process and liaise with key stakeholder where necessary to ensure documentation is obtained promptly.        
  • Oversee the global AML/CTF and Sanctions training programme to include identifying training needs and supporting the development and delivery of training to Fee Earners and Support Staff as well as the Risk & Compliance Team.
  • Communicate with stakeholders across the firm to ensure they understand their responsibilities for compliance with all AML/CTF and sanctions policies, controls and procedures.

 

Skills and attributes:

  • We are looking to meet experienced AML/CTF and sanctions professionals who have proven experience within a global law firm.
  • A minimum of 7 year's experience working within an AML /CTF and sanctions compliance environment within the UK.  MLRO/Deputy MLRO experience preferable.
  • Bachelor degree in Law, Risk Management, or related disciplines (LPC preferred).
  • A recognised AML/Compliance qualification is desirable but not essential
  • Working knowledge of the legal and regulatory obligations (ML Regs, POCA and CFT, SRA Handbook).
  • People manager
  • Experience of analysing data, including advanced excel skills.
  • Strong analytical and research skills
  • Great communicator, interpersonal stakeholder management and influencing skills.
  • Team player adaptable to fast-paced and changing environment
  • Experience of managing change, delivering excellent service and responsive – with a demonstrated desire to exceed expectations.
  • Strong cross-cultural awareness, sensitivity and high level of confidentiality.

 

About Withersworldwide

For the past 125 years, we have supported some of the world’s most remarkable individuals and organizations. What we do for them is exciting, because what they’re doing is exciting. Our working environment is flexible and agile, which suits them and us. And our culture is highly collaborative. We work hard together, but always with humour and balance. We listen to ideas, and nurture talent and creativity. We have over 200 partners and offices in 17 locations across the US, Europe and Asia-Pacific.

We’re helping our clients to shape the future. Can we shape yours too?

 

Information for Recruitment Agencies

Withersworldwide endeavours to recruit and fill vacancies directly. However, when we do need to engage with agencies, Withersworldwide operates a preferred supplier list and will not be accepting unsolicited applications from non-PSL agencies for this role.

 

Equal Opportunities Employment Statement

It is the policy of Withersworldwide to provide equal opportunities for all employees in relation to recruitment, training and promotion. Decisions in these areas will be made only by reference to the requirements of the job and shall not be influenced by any consideration of ethnic origin, religion, sex, age, sexual orientation or disability.



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