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Analyst - BAU - AML / KYC
New York, NY
Job Description
Allen & Overy is a leading global law firm operating in over thirty countries. We work on some of the most challenging and important deals and have built a reputation for delivering exceptional legal solutions that help our clients grow, innovate and thrive. Our business teams work hand-in-hand with our lawyers, Consultants and other specialist teams, and are ambitious, driven and leaders in their field. The legal industry is changing, and we're committed to leading that change by putting our people first, embracing new ways of thinking and integrating technology into our everyday work.
With us, you will constantly be learning and growing. We invest in you by offering exceptional professional and personal development - providing training, mentoring and practical support. We offer rewarding careers that are built around your strengths and designed to ensure you can achieve your personal and professional goals, recognizing that those may look different for everyone.
We have a powerful commitment to diversity, equity and inclusion. We're determined to play our part in advancing a workplace where progress is made by harnessing our differences - whatever defines you, we ask you to bring your whole self to work.
What truly defines a career at Allen & Overy? We recruit the best and ask for the best of you. We provide challenge, support and a place for you to belong. And together we excel, working on meaningful projects of global significance.
In May 2024, we are due to close our merger with Shearman & Sterling to become A&O Shearman, the world's third largest law firm, bringing together some of the greatest legal talent in the business. The merger presents an unparalleled opportunity to combine our individual leadership positions and brands to serve clients as an integrated global law firm, preeminent in all our markets.
Department purpose
The Business Acceptance Unit (BAU) is a dynamic, global, collegiate team responsible for assessing all new business before it is accepted by the firm's partners, to ensure the firm's commercial objectives and legal obligations are met. The team work closely with partners and other senior stakeholders to identify and resolve legal and commercial conflict issues, sanctions and anti-money laundering risks, as well as reputational and values issues in each of the jurisdictions in which Allen & Overy operates. The BAU has a unique, wholistic view of the firm's business and clients, and facilitates strategic decisions by the firm's partners and leaders as well as managing the firm's risk exposure with regard to new work. The BAU is widely respected throughout the firm and strongly supported by the firm's management.
Job description
Role and responsibilities
- Taking responsibility for individual matter inception requests submitted via business acceptance system and then monitoring the progress of such requests to conclusion (using workflow technology).
- Analyzing the information submitted by fee-earners in matter inception requests.
- Applying relevant laws, regulations and A&O compliance policy to matter inception requests covering varied and wide-ranging work types.
- Performing relevant databases searches to satisfy A&O's regulatory requirements in relation to anti -money laundering and background checks on new clients.
- Liaising with relevant fee-earners and with support departments such as Finance and Business Development at appropriate stages of the business acceptance process.
- Assisting with review and resolution of alerts generated by client and counterparty ongoing screening tool.
- Applying judgement and decision-making in relation to individual matter inception requests and spotting and, if needed, then escalating any issues.
- Helping to develop internal databases of information for use in conducting regulatory checks and searches during business acceptance process.
- Providing reports and updates of items on work list as required.
- Undertaking administrative duties including record maintenance as required.
- Being flexible in undertaking the above responsibilities and any others so required.
Key requirements
- Relevant experience working within an AML / KYC team is required.
- Strong analytical skills are essential.
- Ability to communicate positively and effectively with team members, fee earners and support staff.
- Attention to detail, ability to work under pressure and manage conflicting deadlines at speed.
For individuals assigned to or hired for this opportunity in New York or California, the estimated annualized base salary range for this position is $80,000-$105,000. The actual base salary offered will depend on the overall qualifications of the individual applicant for the position, including, if applicable, the location in which the applicant lives and/or from which they will be performing the job, and other job-relation factors permitted by law.
This role can be based in any of the firm's US offices (New York, Washington DC, Boston, Silicon Valley, San Francisco, or Los Angeles.)
With us, you will constantly be learning and growing. We invest in you by offering exceptional professional and personal development - providing training, mentoring and practical support. We offer rewarding careers that are built around your strengths and designed to ensure you can achieve your personal and professional goals, recognizing that those may look different for everyone.
We have a powerful commitment to diversity, equity and inclusion. We're determined to play our part in advancing a workplace where progress is made by harnessing our differences - whatever defines you, we ask you to bring your whole self to work.
What truly defines a career at Allen & Overy? We recruit the best and ask for the best of you. We provide challenge, support and a place for you to belong. And together we excel, working on meaningful projects of global significance.
In May 2024, we are due to close our merger with Shearman & Sterling to become A&O Shearman, the world's third largest law firm, bringing together some of the greatest legal talent in the business. The merger presents an unparalleled opportunity to combine our individual leadership positions and brands to serve clients as an integrated global law firm, preeminent in all our markets.
Department purpose
The Business Acceptance Unit (BAU) is a dynamic, global, collegiate team responsible for assessing all new business before it is accepted by the firm's partners, to ensure the firm's commercial objectives and legal obligations are met. The team work closely with partners and other senior stakeholders to identify and resolve legal and commercial conflict issues, sanctions and anti-money laundering risks, as well as reputational and values issues in each of the jurisdictions in which Allen & Overy operates. The BAU has a unique, wholistic view of the firm's business and clients, and facilitates strategic decisions by the firm's partners and leaders as well as managing the firm's risk exposure with regard to new work. The BAU is widely respected throughout the firm and strongly supported by the firm's management.
Job description
Role and responsibilities
- Taking responsibility for individual matter inception requests submitted via business acceptance system and then monitoring the progress of such requests to conclusion (using workflow technology).
- Analyzing the information submitted by fee-earners in matter inception requests.
- Applying relevant laws, regulations and A&O compliance policy to matter inception requests covering varied and wide-ranging work types.
- Performing relevant databases searches to satisfy A&O's regulatory requirements in relation to anti -money laundering and background checks on new clients.
- Liaising with relevant fee-earners and with support departments such as Finance and Business Development at appropriate stages of the business acceptance process.
- Assisting with review and resolution of alerts generated by client and counterparty ongoing screening tool.
- Applying judgement and decision-making in relation to individual matter inception requests and spotting and, if needed, then escalating any issues.
- Helping to develop internal databases of information for use in conducting regulatory checks and searches during business acceptance process.
- Providing reports and updates of items on work list as required.
- Undertaking administrative duties including record maintenance as required.
- Being flexible in undertaking the above responsibilities and any others so required.
Key requirements
- Relevant experience working within an AML / KYC team is required.
- Strong analytical skills are essential.
- Ability to communicate positively and effectively with team members, fee earners and support staff.
- Attention to detail, ability to work under pressure and manage conflicting deadlines at speed.
For individuals assigned to or hired for this opportunity in New York or California, the estimated annualized base salary range for this position is $80,000-$105,000. The actual base salary offered will depend on the overall qualifications of the individual applicant for the position, including, if applicable, the location in which the applicant lives and/or from which they will be performing the job, and other job-relation factors permitted by law.
This role can be based in any of the firm's US offices (New York, Washington DC, Boston, Silicon Valley, San Francisco, or Los Angeles.)
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
Open
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