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- Tasks: Lead sanctions compliance and risk management for a top UK financial institution.
- Company: Join a leading UK-based financial institution with a strong reputation in the industry.
- Benefits: Enjoy competitive salary, flexible working options, and professional development opportunities.
- Why this job: Make an impact by advising on global sanctions and enhancing compliance strategies.
- Qualifications: Experience in sanctions compliance and risk management is essential.
- Other info: This role offers a chance to work closely with senior leadership and key committees.
The predicted salary is between 43200 - 72000 £ per year.
This senior role is part of the Sanctions team at a leading UK-based financial institution, reporting directly to the Head of Sanctions. The primary purpose of the role is to provide oversight, guidance, and risk management expertise in relation to sanctions compliance, particularly for the business units within Wealth and Personal Banking.
As a subject matter expert, you will offer advisory support regarding sanctions risks and compliance with various global sanctions regimes, including those imposed by the UK, EU, UN, and the US, as well as internal group policies. The role involves advising on risk management decisions related to customers and transactions with sanctions implications, providing expert advice and training, determining appropriate risk controls, and leading regulatory reporting processes for sanctions within the organization.
Responsibilities:- Lead and provide subject matter expertise to the wider advisory team on sanctions-related matters, including client due diligence and transaction referrals.
- Advise on risk management decisions regarding customer retention, exits, and reporting for clients with potential sanctions-related issues.
- Manage a portfolio of advisory cases, driving them toward resolution.
- Ensure compliance teams within WPB and CMB are informed about high-impact sanctions referrals.
- Provide advisory support to key committees overseeing reputational risk and client selection for WPB and CMB clients.
- Support commercial deals and assist with wording as required.
- Advise on modifications to internal sanctions screening filters and conduct reviews based on referral findings.
- Determine and recommend controls to mitigate sanctions risks related to customer relationships, transactions, and products.
- Oversee periodic reviews, onboarding, and trigger-based assessments for customers in the CMB/WPB units.
- Draft and submit disclosures to relevant regulatory bodies, including breach reports, asset freezes, and license applications.
- Collaborate with internal investigation teams to support live sanctions investigations.
- Partner with legal teams to ensure sanctions risk is managed in compliance with applicable laws and regulations.
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel ( Sanctions ) (London)
✨Tip Number 1
Network with professionals in the sanctions compliance field. Attend industry events, webinars, or workshops where you can meet people who work in similar roles. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Stay updated on current sanctions regulations and compliance trends. Follow relevant news sources, join professional groups, and participate in discussions to demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss specific scenarios related to sanctions risk management. Think of examples from your past experience where you successfully navigated complex compliance issues, as this will showcase your expertise.
✨Tip Number 4
Research StudySmarter's values and culture. Understanding our mission and how we approach compliance can help you align your answers during interviews, making you a more attractive candidate for the role.
We think you need these skills to ace Legal Counsel ( Sanctions ) (London)
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Legal Counsel (Sanctions) position. Familiarise yourself with sanctions compliance and the specific regulations mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in sanctions compliance, risk management, and advisory roles. Use specific examples that demonstrate your expertise in handling sanctions-related matters and your ability to provide guidance to teams.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your motivation for applying and how your skills align with the role. Mention your experience with UK, EU, UN, and US sanctions regimes, and how you can contribute to the organisation's compliance efforts.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your writing is clear and professional, as attention to detail is crucial in legal roles.
How to prepare for a job interview at Placed
✨Understand Sanctions Regulations
Familiarise yourself with the various global sanctions regimes, including those imposed by the UK, EU, UN, and US. Be prepared to discuss how these regulations impact financial institutions and the importance of compliance.
✨Showcase Your Advisory Skills
Highlight your experience in providing advisory support on sanctions-related matters. Be ready to share specific examples of how you've advised on risk management decisions or resolved complex cases in previous roles.
✨Demonstrate Risk Management Expertise
Prepare to discuss your approach to identifying and mitigating sanctions risks. Think about how you would handle customer relationships and transactions that may have sanctions implications, and be ready to present your strategies.
✨Collaborate Effectively
Emphasise your ability to work with various teams, such as compliance, legal, and internal investigations. Share examples of successful collaborations that led to effective sanctions compliance and risk management outcomes.
