AML Compliance Lead

AML Compliance Lead

Manchester Full-Time 36000 - 60000 Β£ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead AML compliance efforts and support teams with training and complex queries.
  • Company: Join JMW, a dynamic law firm with a focus on risk and compliance.
  • Benefits: Enjoy 25+ days of leave, private medical insurance, and flexible working options.
  • Why this job: Make a real impact in AML compliance while developing your career in a supportive environment.
  • Qualifications: Degree-level education and 2+ years in AML/compliance within a law firm.
  • Other info: Engage in charity work, sports teams, and social events while growing your professional network.

The predicted salary is between 36000 - 60000 Β£ per year.

Overview

JMW is recruiting for an experienced AML Compliance Lead to join the Risk & Compliance team, based in our Manchester head office. This role has been created to support our fee earning departments through dealing with escalated queries and training, manage the firm\’s AML policies and procedures, as well as ensuring compliance across the firm in relation to AML and Sanctions legislation. This role is well suited for an experienced compliance professional who is competent in handling complex AML and other financial crime-related queries, including researching, analysing, and providing tailored solutions to AML and other financial crime-related issues. The role will be primarily based in Manchester, with occasional travel to our Liverpool and London offices as required. Hybrid working (1 day a week remote) is available.

Key Attributes

  • Degree level education
  • A genuine desire to develop a career in AML, including an appetite to learn and develop knowledge in other areas of risk and compliance.
  • A minimum of 2 years\’ experience in an AML / Compliance role in a law firm environment.
  • Working knowledge and understanding of current AML regulations, sanctions legislation and applicable regulatory guidance in the UK.
  • Familiarity with MS Office, client intake software and financial crime focused databases.

Responsibilities

  • Maintain the firm wide risk assessment by considering:
  • the data we capture through file reviews, onboarding processes, client and matter risk assessments, and AML software
  • current risks to the legal sector
  • guidance from the regulator
  • Assist fee earners in complex client due diligence onboarding for new complex clients, including assessments of reputational, ethical, and sanctions-related issues.
  • Provide general compliance support in AML to risk & compliance team members, including escalated screening alerts.
  • Prepare and deliver AML training.
  • Work with the IT department to review and amend current file opening workflows, including the use of electronic ID verification and screening.
  • Enhance and improve the firm\’s AML policies, processes, and systems.
  • Review samples of client and matter risk assessments, identifying gaps in knowledge.
  • Assist the MLRO and deputy MLRO with internal suspicious activity reports.
  • Manage relationships with key internal stakeholders: partners, fee earners, PAs, Client Services Team, compliance analysts, MLRO and deputy MLRO.
  • Periodically evaluate existing clients working with Partners and Fee Earners in order to keep CDD, ongoing monitoring, and risk assessments up to date.
  • Working for JMW

    As well as a rewarding career, JMW offers its colleagues many other opportunities and benefits, including:

    • A minimum of 25 days\’ annual leave (increasing with length of service) plus office closure between Christmas and New Year
    • Travel Insurance – covering you and eligible family members
    • Death In Service – 3 x basic salary
    • Private Medical Insurance (subject to opting in) and option of contributing to add eligible family members
    • Income Protection – cover of up to 75% of salary
    • Access to an interest free travel pass/parking loan
    • A one-hour early finish, one Friday a month
    • Two days a year to do charitable work, with a huge variety of events to get involved in
    • The opportunity to participate in sports teams, hobby clubs, and social events
    • Access to our Employee Assistance Programme and trained Mental Health First Aiders

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    AML Compliance Lead employer: JMW Solicitors LLP

    JMW is an exceptional employer that prioritises the growth and well-being of its employees, offering a supportive work culture in the heart of Manchester. With a minimum of 25 days' annual leave, private medical insurance, and opportunities for professional development, JMW fosters a collaborative environment where compliance professionals can thrive. The firm also encourages community engagement through charitable work and provides access to various social and sports activities, making it a rewarding place to build a meaningful career in AML compliance.
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    Contact Detail:

    JMW Solicitors LLP Recruiting Team

    StudySmarter Expert Advice 🀫

    We think this is how you could land AML Compliance Lead

    ✨Tip Number 1

    Network like a pro! Reach out to your connections in the compliance field, especially those who work in law firms. A friendly chat can lead to insider info about job openings that might not even be advertised yet.

    ✨Tip Number 2

    Prepare for interviews by brushing up on AML regulations and recent changes in legislation. We want you to feel confident discussing complex queries and showcasing your problem-solving skills during those crucial conversations.

    ✨Tip Number 3

    Don’t forget to tailor your approach! When you apply through our website, highlight your experience with client due diligence and any training you've delivered. Show us how you can enhance our AML policies and processes.

    ✨Tip Number 4

    Follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind. Plus, it shows your enthusiasm for the role and the firm, which we absolutely love to see!

    We think you need these skills to ace AML Compliance Lead

    AML Compliance
    Financial Crime Analysis
    Regulatory Knowledge
    Client Due Diligence
    Risk Assessment
    Training and Development
    Communication Skills
    MS Office Proficiency
    Problem-Solving Skills
    Stakeholder Management
    Attention to Detail
    Research Skills
    Adaptability
    Team Collaboration

    Some tips for your application 🫑

    Tailor Your CV: Make sure your CV is tailored to the AML Compliance Lead role. Highlight your relevant experience in compliance, especially in law firms, and showcase your understanding of AML regulations. We want to see how your skills align with what we're looking for!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about AML and how your background makes you a great fit for our team. Be sure to mention any specific experiences that relate to the responsibilities listed in the job description.

    Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex AML queries or improved compliance processes in the past. We love seeing candidates who can think critically and provide tailored solutions to challenges!

    Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you're keen on joining our team at JMW!

    How to prepare for a job interview at JMW Solicitors LLP

    ✨Know Your AML Stuff

    Make sure you brush up on the latest AML regulations and sanctions legislation before your interview. Being able to discuss current trends and challenges in the AML landscape will show that you're not just knowledgeable but also genuinely interested in the field.

    ✨Showcase Your Experience

    Prepare specific examples from your past roles where you've handled complex AML queries or provided tailored solutions. This will help demonstrate your competence and experience, making it clear that you're the right fit for the role.

    ✨Engage with the Team

    Since this role involves working closely with various stakeholders, be ready to discuss how you’ve successfully collaborated with others in previous positions. Highlighting your teamwork skills will show that you can effectively manage relationships within the firm.

    ✨Ask Smart Questions

    Prepare thoughtful questions about the firm's AML policies and the challenges they face. This not only shows your interest in the role but also gives you a chance to assess if the company aligns with your career goals.

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