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- Tasks: Lead risk management and compliance initiatives in a dynamic law firm environment.
- Company: Join a prominent national law firm known for its commitment to excellence.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive team culture.
- Why this job: Make a real impact by shaping compliance strategies and guiding legal professionals.
- Qualifications: Previous law firm experience and strong knowledge of risk management are essential.
- Other info: This role offers a chance to grow in a supervisory position within a respected firm.
The predicted salary is between 48000 - 72000 £ per year.
A prominent National law firm is looking for a Risk & Compliance Manager to join their team. As Risk & Compliance Manager you will be responsible for developing and implementing risk management policies, ensuring compliance with regulatory requirements, and providing guidance on risk and compliance matters within the firm.
Key Responsibilities:
- Develop and implement risk management policies and procedures.
- Manage actual and potential claims, liaising with professional indemnity insurers and maintaining relevant records.
- Identify risk areas and implement procedural improvements.
- Maintain Root Cause Analysis records to comply with Law South Risk & Compliance Standards.
- Handle complaints against the firm and escalate as necessary to the SRA or Legal Ombudsman.
- Act as Liaison Officer for SRA inspections.
- Provide guidance to fee earners on professional conduct, conflicts of interest, ethics, and SRA regulations.
- Supervise and train the Risk and Compliance Assistant.
- Stay updated on regulatory changes and ensure firm-wide compliance.
- Manage professional indemnity insurance proposals and inquiries.
- Review and assess third-party business terms (e.g., lender panels).
Qualifications:
- Previous law firm experience is preferred.
- Strong understanding of risk management techniques.
- In-depth knowledge of professional indemnity insurance and other relevant insurance classes.
- Familiarity with SRA regulations, Legal Ombudsman schemes, and compliance standards.
- Ability to liaise effectively with regulatory bodies.
If you are a dedicated professional looking to elevate your career in a supervisory role with a leading national law firm, we invite you to apply or get in touch.
Risk & Compliance Manager employer: UNCOVER
Contact Detail:
UNCOVER Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Compliance Manager
✨Tip Number 1
Network with professionals in the legal sector, especially those who work in risk and compliance. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in risk management.
✨Tip Number 2
Familiarise yourself with the specific regulatory requirements and compliance standards relevant to law firms. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 3
Consider reaching out to current or former employees of the firm to gain insights into their culture and expectations for the Risk & Compliance Manager role. This can provide you with valuable information to tailor your approach.
✨Tip Number 4
Stay updated on recent changes in SRA regulations and compliance standards. Being knowledgeable about current issues will show your proactive attitude and readiness to tackle challenges in the role.
We think you need these skills to ace Risk & Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and compliance, particularly within a law firm setting. Use specific examples that demonstrate your understanding of SRA regulations and professional indemnity insurance.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this role. Emphasise your previous experience, your knowledge of risk management techniques, and how you can contribute to the firm's compliance efforts.
Showcase Relevant Skills: In your application, highlight key skills such as your ability to manage claims, conduct root cause analysis, and provide guidance on ethical matters. Use bullet points for clarity and impact.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Risk & Compliance Manager.
How to prepare for a job interview at UNCOVER
✨Know Your Regulations
Familiarise yourself with the SRA regulations and compliance standards relevant to the role. Being able to discuss these confidently will show your understanding of the legal landscape and your readiness to handle compliance matters.
✨Demonstrate Risk Management Skills
Prepare examples from your previous experience where you successfully identified risk areas and implemented improvements. This will highlight your practical knowledge and ability to manage risks effectively.
✨Showcase Your Communication Skills
As a Risk & Compliance Manager, you'll need to liaise with various stakeholders. Be ready to discuss how you've communicated complex compliance issues to non-legal staff or clients in the past.
✨Prepare for Scenario Questions
Anticipate questions that may involve hypothetical scenarios related to risk management or compliance challenges. Practising your responses will help you articulate your thought process and decision-making skills during the interview.
