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- Tasks: Lead sanctions compliance and provide expert advisory support within a dynamic financial institution.
- Company: Join a leading UK-based financial institution known for its commitment to compliance and risk management.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact on global sanctions compliance while working with a talented team in a reputable firm.
- Qualifications: Experience in sanctions compliance and risk management is essential; legal expertise is a plus.
- Other info: This role offers the chance to influence key decisions and work on high-profile cases.
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.
Legal Counsel ( Sanctions ) (London) employer: JobFlurry
Contact Detail:
JobFlurry Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel ( Sanctions ) (London)
✨Tip Number 1
Familiarise yourself with the latest sanctions regulations and compliance frameworks. Being well-versed in UK, EU, UN, and US sanctions will not only boost your confidence but also demonstrate your expertise during discussions with our team.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in compliance and risk management. Engaging with industry peers can provide valuable insights and may even lead to referrals or recommendations for your application.
✨Tip Number 3
Prepare to discuss real-world scenarios where you successfully managed sanctions risks or compliance issues. Sharing specific examples during interviews can showcase your problem-solving skills and practical experience in the field.
✨Tip Number 4
Stay updated on current events and changes in sanctions policies that could impact financial institutions. Demonstrating your awareness of the evolving landscape will highlight your proactive approach and commitment to 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 you fully 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 on risk management decisions.
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 global sanctions regimes and your ability to manage advisory cases effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in legal counsel.
How to prepare for a job interview at JobFlurry
✨Understand Sanctions Regulations
Make sure you have a solid grasp of 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 specific role they play in risk management.
✨Showcase Your Advisory Skills
Highlight your experience in providing advisory support on sanctions-related matters. Be ready to share examples of how you've advised on risk management decisions or handled complex cases involving sanctions compliance.
✨Demonstrate Collaboration Abilities
This role requires working closely with various teams, including compliance, legal, and internal investigations. Prepare to discuss instances where you've successfully collaborated with different departments to achieve a common goal.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations related to sanctions compliance. Think through potential challenges you might face in the role and how you would address them effectively.
