At a Glance
- Tasks: Coordinate client and supplier onboarding, ensuring compliance and risk assessments.
- Company: Join Schillings, a leading firm in risk and compliance for high-profile clients.
- Benefits: Competitive salary, career development opportunities, and a collaborative work culture.
- Other info: Diverse and inclusive workplace focused on innovation and excellence.
- Why this job: Make a real impact by protecting clients' reputations and privacy in a dynamic environment.
- Qualifications: 3+ years in risk and compliance, strong communication, and problem-solving skills.
The predicted salary is between 35000 - 40000 £ per year.
Schillings handles high stakes opportunities and threats for an international clientele: successful individuals, businesses and high-profile organisations across the world. We support our clients to achieve their goals by developing winning strategies to protect their freedom to operate, and are the first port of call in a crisis, defending our clients from attacks on their reputations, privacy and security. Schillings' offer is unique to the market, combining strategic communications with law, intelligence & investigations, digital resilience and security. Schillings is a collaborative and welcoming place to work, with a positive culture, strong values and a developed service ethic. We require commitment, diligence, curiosity, agility and professionalism, and in return provide competitive packages, stimulating challenges and interesting work. We are committed to sharing learning and creating development opportunities so you can progress your career with us. Our people's career trajectories and average longevity at Schillings underline this. Join us and become part of our story.
Contract: Permanent, full-time
Reporting to: Senior Risk & Compliance Manager
Salary: £35,000 - £40,000
Job Purpose: The growth of our business both in the UK and internationally, as well as expanding the services we provide to our clients, necessitates an increasingly specialised and professional risk and compliance function. The Risk & Compliance team protects the interests of Schillings, while also ensuring the business can operate effectively and continue to pursue exciting opportunities within a regulated environment. The Risk & Compliance Executive will serve as the first port of call for client and matter opening, and supplier onboarding, working collaboratively with all areas of the firm to onboard clients and third parties in a professional and timely manner. The Executive will have the unique opportunity to develop and lead on the firm's KYC/AML policies, processes and systems alongside the firm's newly placed Onboarding Manager, providing in-house advisory support, giving commercial risk and compliance advice and training to internal stakeholders. The Risk & Compliance Executive will be able to work quickly and efficiently within a team environment and will support the Risk & Compliance team in providing a high-quality service to our internal and external clients.
Role Accountabilities:
- Coordination of the client onboarding process, which includes:
- Daily coordination of the end-to-end client and matter opening process, including running due diligence and risk checks for all new work opportunities, conducting initial assessment of results and determining any next steps or actions required
- Contributing to ongoing improvements to the client and matter opening systems and processes
- Reviewing and updating the firm's AML risk assessment and source of funds checks
- Daily monitoring and reporting on OFSI / OFAC / EU sanctions lists
- Ensuring matter opening risk assessments are completed
- Co-ordinating file transfers - recalling files from archives and organising resourcing
- Adding client and matter risk flags to the client relationship management (CRM) system and monitoring deadlines
- Conducting matter risk reviews, including regular high-risk matter reviews, and file reviews, providing advice on key risks and mitigations to matter teams.
- Coordination of the supplier onboarding process, which includes:
- Liaising with internal stakeholders and with suppliers, advising on onboarding requirements
- Sending out due diligence questionnaires using the firm’s third-party due diligence software, reviewing due diligence information
- Reviewing contractual agreements, terms of business and confidentiality agreements, advising on risk areas and drafting amendments
- Assisting with the development of system and process improvements on the supplier onboarding platform
- Entering information into CRM, monitoring renewal deadlines and review dates
- Assisting with various Team administration tasks, which includes:
- Monitoring team inbox
- Taking enquiries and escalating to other team members as appropriate
- Scheduling meetings both externally and internally, circulating agendas and minute-taking
- Managing and updating the team intranet page as necessary
- Filing Risk & Compliance documents
- Ad hoc cover and overflow support for other members of the Risk & Compliance team.
- Ad hoc administrative tasks.
- Assisting with various business administration tasks, which includes:
- Updating the firm’s SRA profile including adding or removing solicitors from the organisation page
- Collating information and drafting responses to third party requests including client requests for information and insurance-related enquiries.
- Providing advice and recommendations to management and staff on a range of risk and compliance matters, acting in accordance with established policies and procedures, legislative requirements and professional standards.
- Working with the Senior Risk & Compliance Manager and Onboarding Manager to keep the firm’s risk and compliance programme under review, ensuring that it continues to meet all relevant standards and legislation. This includes supporting with:
- Developing, maintaining, and revising policies and procedures covering all areas of compliance and business risk.
- Delivery of training as required, promoting awareness of internal controls and policy requirements and ensuring employee engagement and commitment to best practice.
- Keeping abreast of regulatory developments and understanding how the firm may be impacted - this may involve being proactive in updating colleagues on relevant regulatory changes and industry news.
- Identifying and implementing improvements across the risk and compliance function, including technical and systems improvements, consulting with stakeholders across the business as appropriate.
- Working with team members to deliver projects, including project planning, identifying key actions, milestones and KPIs, and updating stakeholders.
Knowledge, Skills, and Experience:
Essential:
- At least three years’ experience in a risk and compliance, client onboarding or audit function in a regulated law firm
- Experience of working in compliance with SRA regulations, particularly around KYC/CDD, conflicts of interest and sanctions compliance
- Unflappable and confident interacting with colleagues across the business, able to manage various stakeholder expectations
- Excellent problem-solving, negotiation and communication skills
- Methodical, highly organised and excellent attention to detail
- A good team player who is proactive and flexible in approach to work.
Desirable:
- Experience of third-party risk management, contractual negotiation and data protection compliance
- Interest in seeking to identify and resolve process inefficiencies
- Familiarity with compliance and due diligence databases and systems, including but not limited to Legl, OneTrust, World-Check, and Companies House.
Life at Schillings:
Given our bold and innovative business strategy, it is not surprising that Schillings has a very strong culture. The atmosphere is highly collaborative and focused on excellence. We have worked hard over the years to develop a coaching culture. Schillings has adopted a set of values to put at the heart of this and they reflect the intention and tenor of our ambitious plans. They are: 'Innovative; Bold; United; and Excellent'. Our client list speaks for the outstanding results that have been delivered over many years and the task now is to grow without losing any of the commitment to delivering for clients or our service ethos. Finding people who share our values and can thrive in this environment is key to our success. It takes a unique mix of people to create something truly great. We appreciate that diversity of thought, background and culture creates the best environment to truly innovate, solve problems and achieve our goals. We welcome candidates from all backgrounds - if you are driven and want to achieve your best then we will give you the platform and support to succeed.
Please let us know if there are any extenuating circumstances we should consider, or any adjustments we may need to make to our selection process, when making your application.
Risk and Compliance Executive employer: Jobless
At OX Tools, we pride ourselves on fostering a vibrant and supportive team culture that empowers our employees to thrive. As a Product Director, you will not only lead innovative product strategies but also benefit from flexible hybrid working arrangements, generous holiday allowances, and ample opportunities for personal and professional growth within a dynamic global brand. Join us in our relentless pursuit of excellence and be part of a company that values passion, design, and the relentless pursuit of innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Compliance Executive
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Jobless looking for candidates who are engaged and informed.
We think you need these skills to ace Risk and Compliance Executive
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Jobless. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Jobless
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Jobless’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
