Source of Funds and Wealth Analyst

Description:

The Firm

We are a dynamic multi-office practice which provides a comprehensive range of legal services to clients across the North West and UK.

Recognising that employees are our greatest asset, we invest in training and development programmes and provide a working environment, which is both supportive and challenging. Blending traditional values of personal and

cost-effective advice with a modern and fresh approach we have achieved numerous accreditations and awards. Enjoying continual success and growth we are highly regarded within the legal market.

Key Objectives

* Confirming and verifying the Source of Funds and Origin of Wealth of monies being used by clients to fund property transactions, in accordance with UK Anti-Money Laundering legislation and the firm’s compliance
practices and procedures.

* Communication of the practice’s needs with regards to the above to clients and associated third parties

* Completion of suitable investigation records that clearly identify any risks or omissions in the client’s evidence of funding, or otherwise, to enable the conveyancing team to make appropriate decisions on
whether to accept monies into the practice.

Person Specification

Essential Skills

* An ability to analyse documents and other information, with close attention to detail.

* Excellent written and oral communication skills.

* Ability to work well as part of a team and independently.

* Good prioritisation skills, with the ability to work under pressure and to tight deadlines.

* Strong organisational skills.

* Ability to use rational persuasion to prompt clients and giftors to provide the relevant documents and evidence needed to support their stated origin of monies and wealth.

* Confidence – you may need to have difficult conversations with clients and

Desirable Skills

* Knowledge of AML legislation and regulatory requirements (especially
LSAG AML Guidance for the Legal Sector 2023) would be helpful but not
essential