AML Analyst

In this role, the Anti-Money Laundering ("AML") Analyst will undertake Anti-Money Laundering (AML) processes, including Client Due Diligence (CDD), Risk Assessments, Monitoring, and Reporting, to ensure compliance with regulatory requirements. The role-holder will support prompt client onboarding and matter processing by applying risk-based analysis, decision-making, and proactive collection and validation of information. They will also conduct periodic reviews and assist Management with other AML/Compliance activities as required.

Main responsibilities:

• Review and assess the AML and reputational risk associated with a new client and matter requests
• Interact with Partners and Fee Earners to collect mandatory documentation required to complete CDD successfully, review and verify documentation received
• Perform client due diligence and screening for Politically Exposed Persons (PEPs), Sanctions, Adverse Media, etc., utilizing several trusted industry sources
• Disposition screening alerts, determining true or false matches, and escalating if required
• Document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders, e.g., Regulators, Audit, and AML Compliance managers
• Perform and review client and matter risk assessments and make risk-based decisions based on the analysis undertaken
• Complete appropriate research to obtain a good understanding of a client’s business and related parties to monitor the client’s activities for unusual transactions
• Provide AML advice and support to internal stakeholders: Partners, Fee Earners, and PAs
• Perform investigations where there are ML/CTF suspicions regarding clients and/or matters and escalate findings clearly and concisely for internal review by the AML Compliance Manager, Money Laundering Compliance Officer (MLCO), and Money Laundering Reporting Officer (MLRO)
• Manage relationships with key internal stakeholders: Partners, Fee Earners, PAs, Matter Management, New Business Intake, AML Compliance Manager, MLCO, and MLRO
• Periodically evaluate existing clients working with Partners and Fee Earners to keep CDD and risk assessments on client files up-to-date
• Proactively escalate identified risks to the Compliance Director, providing clear reasoning and actionable recommendations
• Assist with any other AML Compliance-related matters or projects as identified and assigned by the AML Compliance Manager

Skills and experience:

• A bachelor's degree is required; A law degree is preferred
• Excellent written and spoken Dutch and English communication skills are required
• Strong understanding of AML/Counter-Terrorism Financing (CTF) requirements and financial crime risks associated with the range of services in the legal industry
• Relevant AML experience, preferably in an international law firm, insurance, or banking environment
• Strong analytical and research skills
• Experience in AML/KYC/Due Diligence processes and systems
• Experience in AML monitoring and screening
• Able to manage processes efficiently, with accuracy and attention to detail
• A recognized AML/Compliance qualification is desirable, but not essential
• Strong decision-making capabilities
• Team player adaptable to a fast-paced and changing environment
• Good planning, time management, and prioritization skills
• Able to work independently and liaise with other departments
• Must have good knowledge of Microsoft Office applications and other Productivity Tools (Intapp knowledge is an advantage); Proficient in Microsoft Excel is a plus
• Able to thoroughly read and interpret AML reports to identify potential red flags
• Strong logical thinking skills to assess risk and propose effective mitigation strategies
• Capable of working independently when needed, taking ownership of tasks and current situations
• Comfortable working autonomously with minimal supervision

Reports to: Amsterdam Compliance Director

Position type: In Market

Development framework: Business Support