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- Tasks: Support financial crime compliance and client onboarding processes in a dynamic legal environment.
- Company: Join a leading firm with a strong focus on compliance and risk management.
- Benefits: Permanent position with competitive salary and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on continuous improvement and training.
- Why this job: Make a real impact in combating financial crime while developing your skills.
- Qualifications: Graduate level education or equivalent experience in legal or financial services compliance.
The predicted salary is between 30000 - 40000 £ per year.
An opportunity has arisen for a Compliance Officer to join the Group's Office of the General Counsel ("OGC") in a role supporting both the Financial Crime team and the New Client Administration team. The role requires that the candidate attend our Leeds office a minimum of 2 days per week, perhaps more depending on business need.
Within the OGC, the Financial Crime and New Client Administration teams have primary responsibility for the Group's financial crime framework and client onboarding processes including all aspects of anti-money laundering ("AML") and sanctions compliance. The teams provide support and advice to Fee Earners/Partners and other Business Services functions across the Group on a range of regulatory, risk and compliance issues. The successful candidate will initially focus primarily on financial crime compliance, before progressively gaining experience within the New Client Administration team, supporting client and matter onboarding and associated risk processes.
Key Responsibilities
- Identification, assessment and management of financial crime risks and advising the business on their impact.
- Escalation of AML, sanctions and other financial crime risks in accordance with internal procedures, supporting the Money Laundering Reporting Officer ("MLRO") and Deputy MLROs as required, including preparation for regulatory reviews.
- Supporting the firm-wide Financial Crime Risk Assessment, ensuring updates reflect regulatory and policy change through horizon scanning and embedding updates into procedures and guidance.
- Review, verification and analysis of new and existing client information to ensure compliance with AML, sanctions and wider financial crime requirements, meeting agreed quality and productivity targets.
- Conducting comprehensive client due diligence ("CDD"), including identification and verification of corporate structures and ultimate beneficial owners.
- Liaising with Fee Earners and Partners to obtain additional information, provide advice on onboarding requirements, and support discussions with prospective clients.
- Performance of ongoing and periodic client monitoring, including daily screening reviews and scheduled CDD refreshes.
- Assisting with responses to client and supplier due diligence questionnaires and regulatory or audit data requests, including SRA thematic reviews.
- Supporting the effective use and continuous improvement of financial crime onboarding and screening systems and tools.
- Contribution to financial crime working groups and wider OGC discussions to support best practice and continuous improvement.
Additional Tasks
- Proactively horizon scanning, maintaining awareness of regulatory/compliance changes, developing knowledge of financial crime requirements, and helping to implement process changes.
- Responding to ad hoc queries.
- Assisting with regulatory reporting requirements, research and other administrative tasks to support the team.
- Supporting on project work including collaborating with the learning and development team to formulate and deliver bespoke training.
- Liaising with Business Technology and Procurement functions for the improvement of the new client onboarding/matter opening process.
Skills, Knowledge and Expertise
- Must be graduate level (or equivalent i.e. have experience in the legal sector).
- Previous experience of working in a legal or financial services risk and compliance function is essential.
- Experience and knowledge of anti-money laundering and sanctions regulations.
- Good IT skills with a knowledge of Microsoft Office packages.
- Strong attention to detail.
- The ability to work on own initiative and manage own workload.
- Good written and verbal communication skills.
- Good interpersonal skills.
- Focused and analytical.
- Good team player.
- Confident decision-maker.
Compliance Officer - Financial Crime and NCA employer: DAC Beachcroft LLP
Contact Detail:
DAC Beachcroft LLP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer - Financial Crime and NCA
✨Tip Number 1
Network like a pro! Reach out to people in the compliance and financial crime sectors on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show your expertise.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML and sanctions regulations. Be ready to discuss how you've handled compliance issues in the past, and think of examples that showcase your attention to detail and analytical skills.
✨Tip Number 3
Don’t just apply through job boards; head over to our website and submit your application directly. This shows initiative and gives you a better chance of standing out from the crowd!
✨Tip Number 4
Follow up after your interview! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in the interviewer's mind.
We think you need these skills to ace Compliance Officer - Financial Crime and NCA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Officer role. Highlight your experience in financial crime compliance and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background makes you a great fit for the Financial Crime and NCA teams. Keep it engaging and personal, so we get a sense of who you are.
Showcase Relevant Experience: When detailing your work history, focus on roles where you've dealt with AML, sanctions, or compliance issues. We love seeing concrete examples of how you've tackled challenges in the past, so don’t hold back!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at DAC Beachcroft LLP
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of anti-money laundering and sanctions regulations. Familiarise yourself with the latest compliance frameworks and be ready to discuss how they apply to the role. This will show that you're not just interested in the job, but that you understand the complexities involved.
✨Showcase Your Analytical Skills
Prepare examples from your past experiences where you've had to assess financial crime risks or conduct client due diligence. Be specific about the challenges you faced and how you overcame them. This will demonstrate your analytical mindset and problem-solving abilities, which are crucial for this role.
✨Communicate Clearly
Since you'll be liaising with Fee Earners and Partners, practice articulating your thoughts clearly and concisely. You might want to do a mock interview with a friend or family member to refine your communication skills. Remember, good interpersonal skills are key in this position!
✨Be Proactive and Inquisitive
Show your enthusiasm for the role by asking insightful questions about the company's financial crime framework and client onboarding processes. This not only demonstrates your interest but also your proactive approach to understanding the business needs and how you can contribute.