Compliance Offer - salary up to £62K working for a Global law firm based near Liverpool Street
Our client, a well known Global law firm based in the city has a vacancy for an experienced Compliance Officer.
The Compliance Team currently comprises of eleven people.
The role itself involves working in a small team advising and supporting fee earners and other staff globally on a broad range of issues including but not limited to anti-money laundering and risk assessment issues and opening matter files. This is a critical function and involves some analysis and report writing, research into companies, as well as advising and liaising with lawyers and staff across the firm.
The Senior Compliance Officer will be involved in various compliance projects and expected to work on their own initiative, help improve and build upon the current system and communicate effectively with people at all levels of the organisation. They will also be working closely with the teams responsible for credit control, billing and cashiering and will have the opportunity, subject to time constraints, to become familiar with these processes.
The day to day activities of the role include:
Reviewing and advising fee earners on escrow agreements from a compliance perspective.
Reviewing AML compliance and liaising with fee earners to ensure that outstanding information is requested.
Undertaking conflict check analysis, identifying legal and commercial conflicts.
Undertaking PEP, Sanctions and background checks as required.
Maintaining registers including process agency matters, gifts and hospitality, data protection, PEPs and enhanced risk matters.
Monitoring the workflow and allocating as necessary.
Dealing with ad hoc queries, including requests for reopening files and background/company checks.
Training new joiners on the Firms AML policies and procedures.
Keeping ahead of regulatory changes and providing training and support to the relevant offices.
Assisting with the maintenance of AML policies and procedures.
Providing mentoring and training support for the junior team members.
Supporting the Director of Risk and Compliance with ad hoc projects, updating policies and procedures and tasks associated with the introduction of new regulations/legislations.
Communicating regularly with, and immediately reporting any problems or potential areas to, the Compliance Manager and Director of Risk and Compliance.
Compliance Projects:
Compliance projects are shared amongst the team on rotation and could include:
Professional indemnity insurance renewal.
General insurance renewals.
Practising Certificate renewals.
Intranet/IT projects upgrades.
Tasks involved with new office opening.
Skills and experience - essential
The ideal candidate will have previous experience in anti-money laundering policies and procedures and regulatory compliance including the following:
Knowledge of relevant legislation, regulations and law society/bar association guidance.
Experience of performing Conflict and CDD checks on entities and individuals in a law firm.
Knowledge of SRA rules including conflicts of interests.
Skills and experience - desired
Experience of using Intapp software products.
MS Office skills.
Personal skills/attributes
Strong organisational skills and attention to detail.
Ability to work independently and as part of a team.
Confidence and strong communication skills.
Attention to detail.
Ability to work under pressure and to tight deadlines.
Ability to manage multiple priorities and adjust to changing priorities in a professional manner.
Willingness and ability to assume new tasks and responsibilities with a strong service orientation.
Salary circa £60K. Hybrid working offered and a friendly team culture.