AML / KYC Analyst

AML / KYC Analyst

Skadden, Arps, Slate, Meagher & Flom LLP has forged a reputation as one of the most prestigious law firms in the world. Relying on innovation, intellect, teamwork and tenacity, our lawyers deliver the highest quality advice and novel solutions to our clients' legal issues. We are known for handling the most complex transactions, litigation / controversy issues, and regulatory matters, as well as for the strong partnerships we build with clients and each other. Our attorneys, who reflect a broad range of experiences and perspectives, work together seamlessly across 50-plus practices and 21 offices in the world's major financial centers.

We are seeking an AML / KYC Analyst to join our Firm. This position can be based in our New York, Los Angeles, Palo Alto, Chicago, or Houston offices and offers a fully remote work model (please note that the Firm will not sponsor applicants for work visas for these positions). There are multiple shifts available :

Weekdays, Monday - Friday- 2 : 00 pm - 10 : 00 pm ET

Weekends, Friday - Monday- Friday : 2 : 00 pm - 10 : 00 pm ET- Saturday & Sunday : 9 : 00 am - 9 : 00 pm ET- Monday : day or evening shift

The AML / KYC Analyst conducts complex research, analyzes documents and data, and ensures compliance with the Firm's KYC / AML requirements and sanctions obligations. Manages multiple complex client analysis projects, facilitates risk analysis for new and prospective clients, and addresses compliance issues to support informed decision-making across the Firm including apprising senior management and Partners of changes in client risk profile, based on ongoing monitoring and regulatory changes.

• Performs analysis of prospective clients, including enhanced due diligence, synthesizes findings and reports to management, partners and committee members for effective assessment of viability and risk level of prospective clients.
• Researches and documents relationships between the Firm's new and existing clients, identifying corporate structures to facilitate accurate and current reporting.
• Manages and responds to economic sanctions-related alerts (OFAC, EU, UK), ensuring compliance with applicable regulations.
• Conducts enhanced due diligence for higher-risk clients based on geopolitical, economic, reputational, and sanctions considerations including ongoing review of higher-risk clients and matters.
• Analyzes and follows up on documentation and information necessary to comply with the Firm's jurisdictional specific KYC / AML regulatory requirements.
• Assists in the operationalization of the Firm's AML, Sanctions, FARA and Tax Evasion Prevention Policies.
• Identifies and addresses non-compliance and risk assessment issues, collaborating with management and partners to resolve.
• Updates and maintains client records and internal databases to keep current with compliance status of clients, the department and Firm's KYC / AML guidelines and procedures, active sanctions restrictions, as well as new regulations and requirements.
• Conducts comprehensive risk assessments on new clients evaluating AML risk, financial viability with respect to bill payment, reputational risk, political connections, bankruptcy, and criminal records.
• Reviews client invoices and collections to ensure legitimacy and AML / KYC regulatory compliance.
• Reviews client engagement information for accuracy and coordinates with partners and committee members to ensure the Firm's compliance with the Foreign Agents Registration Act (FARA) and assess the risk of tax evasion.
• Provides guidance and training to partners and staff regarding the Firm's KYC / AML procedures and jurisdictional requirements.
• Provides support to partners and staff to facilitate new business intake.
• Manages multiple complex client analysis projects (e.g. jurisdiction, sanctions, and industry re