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- Tasks: Oversee daily risk management and ensure compliance with SRA regulations.
- Company: Join a leading London law firm known for its commitment to excellence.
- Benefits: Gain valuable experience in a top-tier firm with potential for career growth.
- Why this job: Take on significant responsibilities while working closely with senior management.
- Qualifications: Must have legal compliance and AML experience from another London law firm.
- Other info: Ideal for those looking to advance their career in a dynamic environment.
The predicted salary is between 43200 - 72000 £ per year.
Essential Requirements: Legal Experience / Compliance Experience in a Law Firm
Leading London law firm is looking for a Risk and Compliance, KYC and AML Officer, to oversee the management of risk on a day-to-day basis reporting into the Chief Financial and Operating Officer as part of the Business Management Team. You will be ensuring compliance across the firm with SRA regulations and statutory requirements e.g. on data protection, bribery and corruption, and conflict of interest, as well as compliance with relevant regulatory requirements.
Key Responsibilities:
- Ensure firm-wide compliance with SRA regulations and the SRA Handbook
- Identify and report material breaches to the SRA
- Develop and maintain AML policies and procedures
- Liaise with the SRA and other regulatory bodies as applicable
- Perform client due diligence and enhanced due diligence checks
- Implement and maintain compliance policies and procedures
- Develop and implement risk management and compliance strategies
- Conduct risk assessments and internal audits as required
- Manage the firm’s complaints process
- Monitor adherence to AML, legal, regulatory, and internal policy requirements
- Create and maintain compliance documentation and reports
- Regularly review and update internal policies and procedures
- Provide training related matters
- Investigate potential compliance violations
- Advise management on risk mitigation strategies
It is essential that you have a solid background and experience in legal compliance and AML from another London law firm as well as having in-depth knowledge of SRA regulations and legal sector money laundering risks. You must also have excellent leadership and communication skills as you will be liaising with senior management on a daily basis.
This is an excellent opportunity for a compliance officer / executive who is looking to take on more responsibility in a top firm with some management duties.
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Risk & Compliance Officer employer: McKinlay Law
Contact Detail:
McKinlay Law Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Compliance Officer
✨Tip Number 1
Make sure to network with professionals in the legal compliance field, especially those who work in London law firms. Attend industry events or webinars where you can meet people who might provide insights or even referrals for the position.
✨Tip Number 2
Stay updated on the latest SRA regulations and compliance trends. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the firm’s compliance culture.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed compliance issues or risk assessments in your previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Familiarize yourself with the firm's existing compliance policies and procedures if possible. Showing that you have done your homework will impress the hiring team and indicate your proactive approach to the role.
We think you need these skills to ace Risk & Compliance Officer
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasize your legal and compliance experience, particularly in a law firm setting. Detail your familiarity with SRA regulations and any specific AML policies you've developed or implemented.
Showcase Leadership Skills: Since the role involves liaising with senior management, it's crucial to demonstrate your leadership and communication skills. Provide examples of how you've successfully managed teams or projects in the past.
Detail Compliance Knowledge: Clearly outline your understanding of compliance requirements, including data protection, bribery, and corruption laws. Mention any relevant training or certifications that support your expertise in these areas.
Tailor Your Application: Customize your CV and cover letter to reflect the specific responsibilities and requirements mentioned in the job description. Use keywords from the listing to ensure your application stands out to hiring managers.
How to prepare for a job interview at McKinlay Law
✨Showcase Your Legal Expertise
Make sure to highlight your legal experience and compliance background during the interview. Be prepared to discuss specific cases or situations where you successfully navigated SRA regulations or AML policies.
✨Demonstrate Knowledge of SRA Regulations
Familiarize yourself with the SRA Handbook and be ready to discuss how you have ensured compliance in previous roles. This will show that you understand the regulatory landscape and can effectively manage compliance risks.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in compliance scenarios. Think of examples where you identified breaches or implemented risk management strategies, and be ready to explain your thought process.
✨Emphasize Communication Skills
Since the role involves liaising with senior management, demonstrate your strong communication skills. Practice articulating complex compliance issues clearly and concisely, showcasing your ability to advise and train others.
