Senior Compliance Analyst
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Senior Compliance Analyst
Conflicts & Compliance
London or Birmingham
35 hours per week, 9:30am to 5:30pm but additional hours may be required. We are happy to consider agile and flexible working patterns. Our approach to hybrid working allows for up to 40% of time working from home and 60% working in the office, please contact a member of the recruitment team to discuss further.
Hogan Lovells is one of the leading global law firms. Our distinctive market position is founded on our exceptional breadth of our practice, on deep industry knowledge, and on our 'one team' global approach. Formed through the combination of two top international law firms, Hogan Lovells has over 40 offices in the Americas, Asia-Pacific, Europe, the Middle East and Africa. With a presence in the world's major financial and commercial markets, we are well placed to provide excellent business-oriented advice to our clients locally and internationally. Our people are the key to our success, which is why we seek to recruit and retain the most talented individuals in all regions of our global practice.
In the UK Hogan Lovells has offices in Birmingham and London. The Birmingham office opened in 2015 and has a number of practice areas including Corporate/Commercial, Disputes, Finance and Real Estate, as well as our Legal Delivery Centre and business services departments. The office has recently trebled in size and moved into a new fitted out space in the Colmore Building.
The Compliance team of Hogan Lovells is responsible to carry out client due diligence (CDD) on new and existing clients of the firm. This is mainly done by applying the most recent UK Money Laundering Regulations. Amongst other things this involves identifying and verifying who controls and owns the client entity and assessing the risk posed by the business relationship.
The role of a Senior Compliance Analyst is primarily to conduct Customer Due Diligence (CDD) on new clients and ensure that the relevant AML policies and procedures to which the firm adheres to are fulfilled at all times.
A Senior Compliance Analyst will be required to assist the Compliance team with complex clients and queries.
A Senior Compliance Analyst will also be required to conduct ongoing monitoring on existing clients of the firm and coordinate work on an ad hoc basis.
A Senior Compliance Analyst may also on an ad hoc basis be required to perform certain supervisory duties conferred to them by a Supervisor or Manager.
A Senior Compliance Analyst will further be required to conduct Risk Reviews on the firm’s clients.
A Senior Compliance Analyst must own and lead projects and will be responsible for their outcomes.
A Senior Compliance Analyst will be required to lead conversations with General Counsel or MLRO of certain locations regarding Compliance requirements.
Key Responsibilities / Accountabilities
Review New Business Intake forms submitted by the International LLP.
Conduct Risk review as part of the Mailbox Risk Scoring panel of the Compliance team.
Ensure CDD has been gathered to the appropriate standard for all new client registrations, including those clients for whom enhanced due diligence is required.
Conduct a degree of personal research from public sources including:
Familiarisation with a wide array of potential sources such as company registries, stock exchange websites, financial and legal regulators' websites, company search providers and external databases.
Liaise with legal staff, support staff, and research teams to obtain any outstanding CDD information.
Liaise with Hogan Lovells support departments, notably the Finance, Research, Conflicts, and also Personal Assistants.
Where appropriate and where asked to, liaise directly with the firm's clients regarding CDD requirements.
Document the evidence obtained during the CDD process in a clear and concise manner.
Conduct risk rating reviews on clients taking into account the information gathered during the CDD process including research relating to ongoing investigations (adverse press) against certain clients and determining whether a risk level of a client may be lowered or should be raised.
Utilise external subscription databases to screen clients, their directors, and shareholders in order to identify PEPs, influential persons, presence on Sanctions lists, criminal activity, and adverse press. Escalate these issues where appropriate.
Investigate co-client related party checks to ensure that new matters for existing clients are registered correctly and gather CDD for those related parties when necessary.
Obtain verify and record clients EC VAT numbers when necessary.
Review adverse press generated on the firm’s existing clients. Discount false positive hits or escalate serious hits to the firm’s General Counsel’s Office and the relevant fee earner.
Reports and Administration
Ensure that CDD is updated to the appropriate standard, including an enhanced level of due diligence where required.
Conduct Risk Reviews.
Update and maintain 3E, including client names and addresses.
Assist in maintaining the firm's PEP databases.
Advisory and Projects
Provide advice and guidance to partners, fee-earners, and support staff in relation to the requirements of Compliance legislation and the interpretation and application of the firm's AML/CDD policy.
Demonstrate leadership skills and act as a mentor to junior team members.
Provide advice and guidance to team members.
Own and lead administrative projects and responsible for the outcome.
Own and lead complex team projects and responsible for the outcome.
Prepare and deliver presentations to the wider Compliance Team on a variety of topics.
Advise and lead conversations with General Counsel or MLRO of certain locations regarding Compliance requirements.
Specific duties or responsibilities may be reviewed from time to time to reflect changes in personnel and management structure, staff location or services.
All members of the firm participate in our Responsible Business program.
Qualifications and Training
4+ years CDD/AML experience in a law firm.
Proven experience performing database or academic research.
Experience handling multiple projects at once while adhering to deadlines.
Excellent oral and written communication skills.
Strong organisational, administrative, and time management skills.
Ability to handle queries efficiently with diplomacy and tact.
Ability to follow instructions precisely.
Adapting and responding to change.
Strong work ethic with an inherent sense of urgency.
Delivering results and meeting business expectations.
Working with others.
Delivering through others.
Agile Working Statement
Our goal is to embed flexibility across our business by giving everyone the opportunity to work in an agile way, whether as a regular pattern or on an ad hoc basis, and we will be happy to discuss this further.
Equal Opportunities Employment Statement
It is the policy of Hogan Lovells 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 age, disability, ethnic origin, gender identity, religion, sex or sexual orientation.