We invite you to review our current business services professionals openings to learn about the opportunities available across the firm.
About Us
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.
The Opportunity
We are seeking an AML/KYC Analyst to join our Firm. This position will be based in our New York City office (hybrid).
The AML/KYC Analyst conducts complex research, analyzes documents and data, and ensures compliance with the Firm's KYC/AML requirements and sanctions obligations. This position 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) alerts, 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, collaborates 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 to include review and analysis of new clients for 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, attorneys, and business services professionals regarding the Firm's KYC/AML procedures.
- Manages multiple complex client analysis projects (e g. jurisdiction, sanctions, and industry related reports and analysis).
- Understands and responds to inquiries from partners, attorneys as well as business services professionals and demonstrates this understanding using effective communication.
Qualifications
- Knowledge of relevant Firm computer software programs (e.g., Word, Outlook, Excel, PowerPoint), with the ability to learn new software and operating systems.
- Knowledge of Aderant with respect to client matter intake process and billing-function.
- Ability to perform internet research using various search functions.
- Excellent analytical, troubleshooting, organizational, and planning skills.
- Demonstrates effective interpersonal and communication skills, both verbally and in writing.
- Demonstrates close attention to detail.
- Ability to organize and prioritize work.
- Ability to work well in a demanding and fast-paced environment.
- Ability to use discretion and exercise independent and sound judgment.
- Flexibility to adjust hours and work the hours necessary to meet operating and business needs.
Education and Experience
- Bachelor's degree.
- Minimum of two years KYC/AML experience and/or other similar law firm experience.
Culture & Life at Skadden
What makes Skadden special is our people and the culture, community and spirit of collaboration we have created. We believe in teamwork and inspiring each other to be our best in an atmosphere that promotes professionalism and excellence in all that we do. We know that inclusion and drawing on the strength of a wide spectrum of talent only make us better and is vital to the firm's success. Our goal is for everyone at the firm to enjoy a challenging career with opportunities for development and growth and to support the well-being of our attorneys and business services professionals.
Benefits
The overall well-being of our team is important to us. We offer generous benefits to help you achieve wellness in all areas of your life.
- Competitive salaries and year-end discretionary bonuses.
- Comprehensive health care (medical, dental, vision), savings plan/401(k) and voluntary benefits.
- Generous paid time off.
- Paid leave options, including parental.
- In-classroom, remote, and on-demand learning and professional development opportunities.
- Robust well-being classes and programs.
- Opportunities to give back and make an impact in local communities.
For further details, please visit: https://www.skadden.com/careers/staff/employee-benefits
The starting base salary for this position is expected to be within the range listed under Salary Details. Actual salary will be determined based on skills, experience (to the extent relevant) and other-job related factors, consistent with applicable law.
Salary Details
$90,000 - $100,000EEO Statement
Skadden is an Equal Opportunity Employer. It does not discriminate against applicants or employees based on any legally impermissible factor including, but not limited to, race, color, religion, creed, sex, national origin, ancestry, age, alienage or citizenship status, marital or familial status, domestic partnership status, caregiver status, sexual orientation, gender, gender identity or expression, change of sex or transgender status, genetic information, medical condition, pregnancy, childbirth or related medical conditions, sexual and reproductive health decisions, disability, any protected military or veteran status, or status as a victim of domestic or dating violence, sexual assault or offense, or stalking.
Applicants who require an accommodation during the application process should contact Alex Taylor at (212) 735-2176.
Skadden Equal Employment Opportunity Policy
Skadden Equal Employment Opportunity Policy
Applicants Have Rights Under Federal Employment Law
Applicants Have Rights Under Federal Employment Law
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Skills Required
- Bachelor's degree
- Minimum of two years KYC/AML experience and/or similar law firm experience
- Knowledge of Microsoft Word, Outlook, Excel, and PowerPoint
- Knowledge of Aderant (client matter intake and billing)
- Ability to perform internet research using various search functions
- Ability to learn new software and operating systems
- Excellent analytical, troubleshooting, organizational, and planning skills
- Effective interpersonal and written/verbal communication skills
- Close attention to detail
- Ability to organize and prioritize work and work well in a demanding, fast-paced environment
- Ability to use discretion and exercise independent, sound judgment
- Flexibility to adjust hours to meet operating and business needs
What We Do
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates delivers the highest quality advice and novel solutions to legal challenges, enabling clients to achieve their business goals. We are known for the innovative and creative thinking we rely on to handle the most complex transactions, litigation/controversy issues, and regulatory matters, as well as the open, collaborative relationships we build with clients, including corporations; financial and governmental entities; small, entrepreneurial companies; and cultural, educational and charitable institutions. Our attorneys, who reflect diverse backgrounds and perspectives, collaborate seamlessly across our 21 offices in the world’s major financial centers
