We are always seeking talented, motivated, growth-minded, and creative individuals. Our firm is committed to providing employee support and advancement, while embracing inclusion and innovation as keys to a stronger future.
We invite you to explore the position below and to submit your application to join our team!
Lawyers and law firms play an important role in combatting money laundering, terrorist financing and wider financial crime, which includes continued compliance with laws related to ensuring that the clients that we take on and the matters we work on for those clients are “clean”. The AML function at Troutman Pepper Locke is responsible for implementing AML compliance procedures for all new clients and matters in the London office as part of the client and matter intake process. These procedures include conducting client due diligence (CDD), facilitating AML risk assessments and collecting and filing know-your-client (KYC) documentation. The AML function does research and risk-based analysis, as well as validation and documentation of required information to ensure timely client and matter intake in accordance with regulatory requirements. The compliance function at Troutman Pepper Locke is led by the Compliance Officer for Legal Practice (COLP) and is responsible for ensuring compliance by the London office with the Solicitors Regulation Authority (SRA) ethical Code of Conduct and the laws and regulations that apply to law firms in the UK.
The AML & Legal Intern role sits within the anti-money laundering (AML) team on a day-to-day basis and is primarily AML/compliance-focused. In addition, the intern will from time to time be exposed to legal and client work by assisting and shadowing the litigation, restructuring, corporate, real estate and employment lawyers (similar to a trainee or paralegal) in the London office.
Responsibilities:
Conducting research on clients (including high risk clients and jurisdictions) and documenting the analysis in a client risk assessment.
Reviewing and analysing the search reports from various databases, such as BvD Orbis – ownership, Thomson Reuters WorldCheck – politically exposed persons (PEPs), sanctions and convictions, and Lexis Negative News/Moody’s GRID – adverse media.
Researching the ultimate beneficial ownership of corporate entities and documenting the ownership structure in the risk assessments (including mocking up structure charts on Power Point).
Collating KYC documents for each client of the London office from various firm systems and organising, labelling and filing them into the firm’s iManage document management system, in accordance with a template AML Checklist (Word).
Assisting in the collection of KYC documents in a timely manner by using the AML Checklist and liaising with the lawyer/secretary who are requesting to open the matter.
Reviewing KYC documents as submitted by the lawyers and secretaries for accuracy and completeness.
Keeping track of tasks within the AML team by using an AML Tracker (Excel spreadsheet).
Assisting with compliance projects such as creating risk registers, conducting and documenting risk assessments and policies.
Qualifications, Skills, and Experiences:
Bachelor’s Degree preferred; role requires extensive working with documentation on screen, research/risk analysis/drafting and a certain level of self-teaching from detailed guidance notes.
Attention to detail and a high level of accuracy is required for every task.
Ability to multi-task and prioritise with strong organisational skills and initiative.
Ability to follow detailed written instructions.
Ability to communicate effectively with the lawyers/secretaries primarily via email.
Familiarity with Microsoft Office applications, particularly Word, Power Point and Excel.
Ability to learn and work with various systems such as the firm’s document management (e.g., iManage), intake systems (e.g., InTapp Open), and research software tools.
Able to maintain strict confidentiality, as lawyers and law firms are under a strict duty to keep client’s information confidential.
The intern can be trained by the AML Team remotely (using Teams video calls/screen-sharing and phone calls) as supplemented by the intern referring to detailed guidance notes. However, training is optimised and more convenient for the AML Team if it can occasionally be conducted face-to-face in accordance with the hybrid arrangement.
Once trained, the intern is required to work independently and manage their own workload and also work collaboratively as part of a wider team.
This position description is intended to describe the general content of and requirements for the performance of the job. The statements contained in the position description are not necessarily all-inclusive and additional duties and responsibilities may be assigned as determined by business needs and/or as set out in any offer letter, employee contract, or job description.
If you have a disability requiring adjustments to be made to the application process such as accessible formats or interview accommodations, please contact Shelby Thompson, Director of Total Rewards (Shelby.Thompson@troutman.com/+1(214) 740-8823).
By applying for this position, you acknowledge and understand that Troutman Pepper Locke LLP will process your Personal Information pursuant to the terms of our Worker and Applicant Global Privacy Notice. If you have questions about our data handling practices, or you are a resident of California, the United Kingdom, or the European Union and wish to exercise your privacy rights, please contact us at privacy@troutman.com.
Equal Employment Opportunity
Troutman Pepper Locke UK LLP is an equal opportunities employer and will make all employment decisions, which include hiring, promotion, transfer, demotion, evaluation, compensation and separation, irrespective of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic r national origin, religion or protected belief, sex, or sexual orientation and any other characteristic protected by allocable law. In some circumstances, when permitted by law, we may justify different treatment.
Compensation is dependent on several factors, such as position, location, education, training, and/or experience.
Hiring Salary Range: