Conflict and Anti-Money Laundering Risk Analyst – Lawyer Services - Johannesburg at Bowmans (Law Firm)

Purpose:

To analyse, identify, measure, monitor, control or mitigate, and report on client conflict and anti-money laundering (AML) risk exposures for the Firm. Assists in ensuring appropriate alignment and implementation of conflict and AML compliance in accordance with the Firm’s policies and procedures.

Experience and Qualifications:

• At least 3- 5 years’ professional experience, preferably within Legal or Financial Services
• Experience using DocFox and Thomson Reuters
• Senior Certificate essential
• Relevant Degree/diploma essential
• Compliance management certificate advantageous

Key Accountabilities:

Conflict and AML Risk Analysis

Performing Conflict Checks for new and existing clients:

• Inspecting internal systems to detect client conflict - adverse and related parties
• Drafting conflict search reports based on information sourced from systems and lawyers

Conducting AML Risk Analysis:

• Conducting Client Due Diligence (CDD) processes to identify and verify clients – DocFox, Search Works, Who Owns Whom, SA Company Search
• Analyse other external data sources – listed exchanges, Bloomberg
• Verify client information through external data base
• Establish ultimate beneficial owner of clients
• Conduct adverse media screening
• Establish the existences of related parties
• Performing sanctions screening to ensure that clients do not have any negatives
• Risk rating of clients
• Performing enhanced CDD in regard to high risk clients
• Prepare and submit report to conflict search group
• Saving data to central repository
• Prepare and submit reports to regulators - cash threshold and suspicious activity reporting
• Keep abreast with new and changing legislation

Compliance

• Identify, analyse and prioritize legislative and regulatory requirements relevant to the Firm
• Assists in developing and implementing Conflict and AML risk and compliance procedures and policies
• Assess the risk of non-compliance with relevant legislation and propose the implementation of compliance management processes to the Group Risk Manager
• Monitor internal practices and procedures to ensure compliance with relevant regulatory policies
• Proposes corrective action notices to Group Risk Manager when compliance deficiencies are found
• Assists in verifying non-compliance & report to Group Risk Manager
• Work with relevant stakeholders within the Firm to encourage monitoring of compliance

General Support

• Ensure provision of adequate advice, quality opinions, proper support and education to internal stakeholders in a timely manner to minimize any actual or potential risk for the Firm

Competencies

• Analytical Thinking
• Critical Judgment
• Interactive Communication
• Relationship Building
• Work Ethics and Values
• Driven
• Initiative