Financial Crime Analyst

Looking to work for a company who uses technology to improve processes?

Sort Legal are a forward-thinking Conveyancing firm who are looking for someone to complement our busy Compliance team.

The successful applicant will be working within a fast paced and progressive environment and be a part of a small friendly team within our compliance department and working under direct supervision of the Groups Money Laundering Compliance Officer acting as the first line of defense in respect of financial crime.

Role Overview

You will be responsible for the screening of all transactions that credit the firms client account. Using your exceptional detective skills and with a keen attention to detail, you will assess the various different parts of the transaction.

You will scrutinise a clients source of wealth to make sure it fits with the type of transaction that's been undertaken. Once you have confirmed how the client makes their money you will make a detailed record of where the funds have been held as well as making sure everything fits with the Groups Anti Money Laundering and Counter Terrorism policy.

Although full training will be provided those with experience in AML/KYC will be prioritised.

After successful completion of your probation period you will begin a formal training program with the Group to achieve a recognised qualification in financial crime.

This role will expose you to multiple regulators such as the Financial Conduct Authority, Council for Licensed Conveyancers and the Solicitors Regulatory Authority.

Principal Duties:

• Conducting KYC reviews on new clients


• Reviewing straightforward and complex CDD information and authorising in accordance with the Firm's AML policies


• Gathering CDD information from Companies House and other open sources


• Assisting with our ongoing Know Your Client (KYC) remediation project which includes tasks such as: reviewing CDD information in accordance with the Firm's AML policies; liaising with departments to request CDD information; drafting template emails to send to new clients; updating and adding new data entries to the client onboarding system


• Investigating Politically Exposed Persons (PEPs) and other high risk clients such as sanction matches


• Conducting a detailed risk assessment of a clients source of wealth and via the client and 3rd parties collect, analyse and scrutinise documentation such as tax returns, accountants' references, payslips etc


• Conducting a detailed risk assessment of a clients source of deposit by requesting, analysing, scrutinising bank statements and ensuring all are within policy


• Making suspicious activity reports to the MLRO


• Taking ownership for the transaction


• Actively work with the Groups clients and introducers to conduct the risk assessment


• Be ready and willing to undergo formal training with the International Compliance Association


• Monitor and analyse transactions and customer activities for suspicious patterns or behaviors that may indicate financial crime
  
  Thorough knowledge and understanding of the CLC Code of Conduct and any other governing/regulatory body's rules and regulations, e.g. SRA and Land Registry.


• High attention to detail and able to prioritise.


• Work well under pressure within a fast paced environment.


• Team player


• Excellent communication skills.


• Strong analytical and writing skills, and sound judgment


Highly Desirable

• 2 + years' experience or greater., Conveyancing: 2 years (preferred)


• Anti-money laundering: 2 years (required)
  
  Salary £25,000 - £30,000 per annum (depending on experience and qualifications)


• 20 days annual leave with long service accrual + birthday holiday + bank holidays


• Company Pension and Life insurance


• Please note: Only successful applicants will be contacted.


Job Types: Full-time, Permanent

Pay: £25,000.00-£30,000.00 per year

Benefits:

• Company pension


• Free flu jabs


• Life insurance


• Private medical insurance


• Referral programme


Schedule:

• Monday to Friday