At a Glance
- 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: Flexible working options, competitive salary, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on continuous improvement and best practices.
- Why this job: Make a real impact in combating financial crime while developing your career.
- Qualifications: Graduate level education or equivalent experience in legal or financial services compliance.
The predicted salary is between 35000 - 45000 € 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.
Flexible Working
We are happy to talk flexible working with our Flex Forward scheme. We would encourage you to talk to us about our approach to flexible working during the hiring process if you would like to explore this further.
Department: Business Services - OGC.
Location: Leeds.
Compliance Officer - Financial Crime and NCA in Leeds employer: DAC Beachcroft
Join a dynamic and supportive team at our Leeds office, where we prioritise employee growth and development within the compliance sector. As a Compliance Officer, you'll benefit from a collaborative work culture that values flexibility and innovation, alongside opportunities to enhance your expertise in financial crime compliance and client onboarding processes. With a commitment to continuous improvement and best practices, we offer a rewarding environment for those looking to make a meaningful impact in the legal and financial services landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer - Financial Crime and NCA in Leeds
✨Tip Number 1
Network like a pro! Reach out to people in the compliance and financial crime sectors on LinkedIn. Join relevant groups and engage in discussions to get your name out there and learn about potential job openings.
✨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 don’t forget to highlight your attention to detail!
✨Tip Number 3
Showcase your skills! Create a portfolio or a presentation that highlights your experience with client due diligence and financial crime risk assessments. This can really set you apart from other candidates.
✨Tip Number 4
Don’t just apply through job boards; head over to our website and submit your application directly. It shows initiative and gives you a better chance of standing out in the hiring process!
We think you need these skills to ace Compliance Officer - Financial Crime and NCA in Leeds
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 contribute to our Financial Crime and New Client Administration teams!
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 our team. Don’t forget to mention your understanding of AML and sanctions regulations, as this is key for us.
Showcase Your Attention to Detail:In compliance, attention to detail is crucial. When writing your application, ensure there are no typos or errors. We appreciate candidates who take the time to present their work meticulously, as it reflects the standards we uphold at StudySmarter.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team. We can’t wait to hear from you!
How to prepare for a job interview at DAC Beachcroft
✨Know Your Financial Crime Regulations
Make sure you brush up on your knowledge of anti-money laundering and sanctions regulations. Being able to discuss these topics confidently will show that you're serious about the role and understand the compliance landscape.
✨Demonstrate Attention to Detail
In this role, attention to detail is crucial. Prepare examples from your past experiences where your meticulous nature helped identify risks or improve processes. This will highlight your suitability for the Compliance Officer position.
✨Showcase Your Communication Skills
You'll be liaising with various teams, so it's important to demonstrate your strong written and verbal communication skills. Practice explaining complex compliance concepts in simple terms, as this will be key when advising Fee Earners and Partners.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in compliance situations. Think through potential financial crime risks and how you would handle them, as this will showcase your analytical skills and decision-making confidence.
