Compliance Officer - AML & Conveyancing Focus

About Teams Squared

Teams Squared is a company specializing in team augmentation, bridging top-quality remote professionals with global client organizations.

Role Overview

We are looking for a skilled Anti-Money Laundering (AML) and Compliance Officer to support our client’s legal practice, focusing on conveyancing and property-related transactions. This hands-on role centers on reviewing conveyancing files, approving risk assessments, client due diligence, and verifying sources of funds prior to escalation to senior legal personnel.

Key Responsibilities

• Examine conveyancing documentation for alignment with AML and due diligence protocols.
• Authorize matter risk assessments before files proceed to senior lawyers.
• Evaluate and verify source of funds (SOF) and source of wealth (SOW) in property deals.
• Assess client identification, KYC, CDD, and enhanced due diligence (EDD) paperwork.
• Utilize a risk-oriented framework when reviewing clients, transactions, jurisdictions, and funding.
• Detect irregularities, suspicious transactions, or AML warning signs in conveyancing cases.
• Request supplementary information when fund sources or client data are incomplete or unclear.
• Report any high-risk matters or suspicious behaviors to senior legal and compliance teams.
• Perform AML risk evaluations for new and ongoing clients and matters.
• Support monitoring for suspicious activities and compliance with regulatory reporting where necessary.
• Keep thorough documentation of AML reviews, risk assessments, decisions, and approvals.
• Help develop and maintain AML policies, procedures, and compliance structures.
• Ensure AML measures conform to pertinent regulatory and professional standards.
• Participate in internal AML audits and compliance checks.
• Provide AML training and cultivate a culture of compliance across the firm.
• Conduct due diligence and ongoing oversight of associated vendors and third parties.
• Prepare compliance reports and insights for senior leadership about AML risks and trends.
• Collaborate with legal and operations teams to refine AML processes and workflows.

Qualifications and Experience

• Minimum of three years’ experience in AML, regulatory compliance, financial crime, or risk management.
• Preferably experienced in a law firm, conveyancing or property practice, financial services, or similar regulated professional services.
• Proven skills in examining source of funds and wealth assessments, especially for high-value transactions.
• Competent in conducting and appraising matter and client risk evaluations.
• Comprehensive knowledge of KYC, CDD, EDD, transaction monitoring, and AML risk-based procedures.
• Experienced in recognizing AML red flags and escalating concerns accordingly.
• Well-versed in AML regulatory frameworks possibly including FCA, SRA, and UK GDPR.
• Capability in drafting, reviewing, and applying AML policies and procedures.
• Strong analytical ability with confidence in independently making compliance decisions and providing sign-off.
• Exceptional attention to detail, capable of spotting discrepancies in client and financial documentation.
• Excellent English communication skills, both written and oral.
• Ability to clearly articulate compliance requirements to lawyers, clients, and internal stakeholders.
• Highly organized with the skill to manage multiple conveyancing file reviews and associated deadlines.
• Self-motivated and able to work autonomously in a fully remote setup.

Benefits and Other Details

• Competitive salary paid in foreign currency.
• Completely remote working arrangement.
• Regular opportunities for training and professional growth.

Additional Note: Only shortlisted applicants will be contacted for further steps in the hiring process.

Teams Squared is an equal opportunity employer committed to fostering diversity and inclusion within its workforce.