Risk & Compliance Paralegal (Private Wealth)
Risk & Compliance Paralegal (Private Wealth)

Risk & Compliance Paralegal (Private Wealth)

Full-Time 42000 - 58000 £ / year (est.) No home office possible
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Larbey Evans Ltd

At a Glance

  • Tasks: Assist with AML reviews and client due diligence in a dynamic Private Wealth team.
  • Company: Join a prestigious US law firm known for its excellence in Private Wealth services.
  • Benefits: Enjoy hybrid working, free daily meals, and a competitive salary up to £50,000.
  • Other info: Work closely with teams in London and New York, enhancing your global legal perspective.
  • Why this job: Be part of a high-profile team, gain valuable experience, and make an impact in compliance.
  • Qualifications: 2+ years as a paralegal in Private Wealth; strong AML knowledge and analytical skills required.

The predicted salary is between 42000 - 58000 £ per year.

Larbey Evans is working with a top US law firm to recruit a Risk & Compliance Paralegal in its high-profile Private Wealth practice.

Salary to £50,000 (depending on experience)

09:30-17:30 working hours

Hybrid working (4 days office / 1 day remote)

Excellent employee benefits and perks to include free breakfast and lunch daily!

This newly created role will work closely with the Associate Director of Risk & Compliance and senior lawyers in both London and New York assisting with AML and regulatory matters.

Key Responsibilities:
  • Oversee and keep track of all open and pending AML reviews on clients and matters opened by the Private Wealth team
  • Conduct client due diligence reviews and risk assessments for Private Wealth team clients and their structures (e.g. trusts, foundations, corporate entities)
  • Assist with ongoing monitoring of Private Wealth team clients and matters in coordination with the firm’s Risk & Compliance team
  • Assist communications with the Private Wealth team (in London and New York), as well as clients and intermediaries (e.g. family offices)
Skills & Requirements:
  • 2+ years’ experience as a paralegal in a top-tier Private Wealth or Private Client team, ideally within an international or City law firm
  • Prior experience in using automated business intake and/or workflow system (e.g. Intapp, Elite) and AML-related information collection and screening sources (e.g. World Check, Orbis) preferred
  • Solid grasp of the UK AML and sanctions framework and a strong understanding of private wealth structures and strategies
  • Strong research and analytical skills
Larbey Evans Ltd

Contact Detail:

Larbey Evans Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Risk & Compliance Paralegal (Private Wealth)

✨Tip Number 1

Familiarise yourself with the latest AML regulations and compliance frameworks in the UK. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and understanding of the industry.

✨Tip Number 2

Network with professionals in the private wealth sector, especially those working in risk and compliance. Attend relevant events or webinars to make connections and gain insights that could give you an edge during the application process.

✨Tip Number 3

Showcase your experience with automated business intake systems and AML screening tools. If you have used specific software like Intapp or World Check, be prepared to discuss how you utilised these tools effectively in your previous roles.

✨Tip Number 4

Prepare for potential case studies or scenario-based questions during the interview. Think about how you would handle specific compliance challenges or client due diligence scenarios, as this will highlight your analytical skills and practical knowledge.

We think you need these skills to ace Risk & Compliance Paralegal (Private Wealth)

Knowledge of AML regulations
Understanding of private wealth structures
Experience with automated business intake systems
Proficiency in using AML screening tools (e.g. World Check, Orbis)
Strong research skills
Analytical skills
Attention to detail
Communication skills
Ability to conduct client due diligence reviews
Risk assessment capabilities
Familiarity with regulatory compliance frameworks
Collaboration skills for working with international teams
Organisational skills for tracking AML reviews

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience as a paralegal, especially in Private Wealth or Private Client teams. Emphasise any specific skills related to AML and compliance that align with the job description.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the firm. Mention your experience with automated business intake systems and your grasp of the UK AML framework, as these are crucial for the position.

Highlight Relevant Skills: In your application, clearly outline your research and analytical skills. Provide examples of how you've conducted client due diligence reviews or risk assessments in previous roles.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects attention to detail, which is essential for a role in risk and compliance.

How to prepare for a job interview at Larbey Evans Ltd

✨Know Your AML Basics

Make sure you have a solid understanding of Anti-Money Laundering (AML) regulations and the UK sanctions framework. Brush up on key concepts and be ready to discuss how they apply to private wealth structures.

✨Demonstrate Your Research Skills

Prepare to showcase your research and analytical skills during the interview. You might be asked to provide examples of how you've conducted client due diligence or risk assessments in your previous roles.

✨Familiarise Yourself with Relevant Tools

If you have experience with automated business intake systems like Intapp or Elite, be sure to mention it. Familiarity with AML-related information sources such as World Check or Orbis will also impress your interviewers.

✨Showcase Your Communication Skills

As this role involves liaising with teams in London and New York, highlight your communication skills. Be prepared to discuss how you've effectively communicated with clients and intermediaries in past positions.

Risk & Compliance Paralegal (Private Wealth)
Larbey Evans Ltd
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