At a Glance
- Tasks: Lead a team ensuring compliance with financial regulations and improve finance processes.
- Company: Knights is a forward-thinking legal and professional services firm with 32 UK locations.
- Benefits: Enjoy first-class training, career development, and a dynamic work environment.
- Other info: Opportunity to travel to various office locations and collaborate across teams.
- Why this job: Join a diverse team making an impact in the legal sector with innovative practices.
- Qualifications: Experience in financial compliance or legal services, strong communication skills, and attention to detail.
The predicted salary is between 36000 - 60000 £ per year.
Knights is a listed, UK based legal and professional services business, operating from 32 locations nationwide. For more than a decade, we have done things differently. In 2012, we established our platform as one of the first law firms to transition from a traditional partnership model to a corporate structure. We work with a diverse range of clients, including global brands, FTSE 100 companies, private businesses, and individuals, to deliver professional services with speed, accessibility, and clear communication.
We are seeking a talented individual to join our busy finance team based out of our Stoke office.
Key responsibilitiesWe will provide you with first class training to equip you with the skills you need to succeed in this role. Responsibilities will involve (but are not exclusive to) the following tasks:
- Leading and coaching a team of three Compliance Analysts.
- Ensuring compliance with the Solicitors Accounts Rules and AML rules.
- Leading the annual Solicitors Regulation Authority (SRA) annual audit and acting on any subsequent feedback.
- Leading the process regarding Client residual balances to ensure all balances are returned promptly at the end of each matter.
- Develop proactive strategies by working with the Fee Earners to ensure these balances are monitored and improved.
- Maintaining the COFA breaches log and driving improvements that arise from this.
- Examining and developing finance processes and controls to ensure best practice is implemented and maintained.
- Overseeing the file closure process where financials are impacted.
- Ensuring appropriate Client own and joint bank account records are maintained.
- Ensuring the bank mandates are kept up to date and any legacy bank accounts are closed as soon as possible.
- Leading the internal file audit process to ensure sound financial compliance.
- Overseeing the development of key reporting tools for management.
- Dealing with ad hoc fee earner queries and helping to resolve issues.
- Liaising with other teams within the Finance & Compliance team.
- Travelling to other office locations where required and advising fee earners accordingly.
You will be able to demonstrate the following skills and experience:
- Experience of working in a financial compliance audit role or within the legal services industry would be advantageous.
- Knowledge of the SRA’s Solicitors Accounts Rules would be particularly beneficial.
- Experience of developing, coaching and managing a small team.
- Tenacious attitude with strong communication and interpersonal skills.
- High degree of financial acumen.
- Ability to work under pressure and have the agility to meet conflicting deadlines.
- Accuracy and attention to detail.
- Strong Microsoft Excel and Word skills.
Finance Compliance Manager in Stoke-on-Trent employer: LinkedIn
Knights is an exceptional employer that prioritises employee development and offers a dynamic work culture in the heart of Stoke. With first-class training and opportunities for growth, you will be part of a forward-thinking team that values innovation and collaboration, all while working with a diverse range of clients. Join us to make a meaningful impact in the legal and professional services sector, where your contributions are recognised and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Compliance Manager in Stoke-on-Trent
✨Tip Number 1
Familiarise yourself with the Solicitors Accounts Rules and AML regulations. Understanding these guidelines will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for the Finance Compliance Manager role.
✨Tip Number 2
Network with professionals in the legal services industry, especially those who have experience in financial compliance. Engaging with them can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Showcase your leadership skills by discussing any previous experiences where you've coached or managed a team. Highlighting your ability to develop others will resonate well with the responsibilities of leading a team of Compliance Analysts.
✨Tip Number 4
Prepare to discuss specific strategies you've implemented in past roles to improve compliance processes. Being able to share concrete examples will illustrate your proactive approach and problem-solving skills, which are essential for this position.
We think you need these skills to ace Finance Compliance Manager in Stoke-on-Trent
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in financial compliance and any previous roles in the legal services industry. Emphasise your skills in managing teams and your knowledge of the SRA’s Solicitors Accounts Rules.
Craft a Compelling Cover Letter:Write a cover letter that showcases your tenacity and strong communication skills. Mention specific examples of how you've successfully led teams or improved compliance processes in past roles.
Highlight Relevant Skills:In your application, clearly outline your proficiency in Microsoft Excel and Word, as well as your attention to detail and ability to work under pressure. These are key skills for the Finance Compliance Manager role.
Show Enthusiasm for the Role:Express your genuine interest in the Finance Compliance Manager position and the unique approach of Knights. Demonstrating enthusiasm can set you apart from other candidates.
How to prepare for a job interview at LinkedIn
✨Showcase Your Compliance Knowledge
Make sure to brush up on the Solicitors Accounts Rules and AML regulations. Being able to discuss these topics confidently will demonstrate your expertise and understanding of the compliance landscape in the legal services industry.
✨Highlight Team Leadership Experience
Since the role involves leading and coaching a team, be prepared to share specific examples of how you've successfully managed and developed a team in the past. Discuss your leadership style and how you motivate others to achieve their best.
✨Demonstrate Problem-Solving Skills
Prepare to discuss scenarios where you've had to resolve complex compliance issues or improve financial processes. This will show your ability to think critically and act decisively under pressure, which is crucial for this role.
✨Be Ready for Technical Questions
Expect questions that test your knowledge of financial compliance tools and reporting methods. Familiarise yourself with key reporting tools and be ready to explain how you've used them to enhance compliance and financial accuracy in previous roles.
