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- Tasks: Lead sanctions compliance and risk management for a top UK financial institution.
- Company: Join a leading UK-based financial institution with a strong reputation in the industry.
- 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 dynamic team.
- Qualifications: Expertise in sanctions compliance and risk management is essential; relevant experience preferred.
- Other info: This role offers a chance to influence key decisions and drive regulatory processes.
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: Placed
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel ( Sanctions ) (London)
✨Tip Number 1
Network with professionals in the financial and legal sectors, especially those who have experience in sanctions compliance. Attend industry events or webinars to connect with potential colleagues and learn more about the current trends and challenges in sanctions.
✨Tip Number 2
Stay updated on the latest sanctions regulations and compliance requirements from the UK, EU, UN, and US. This knowledge will not only enhance your expertise but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss specific scenarios where you successfully managed sanctions risks or provided advisory support. Real-life examples will showcase your problem-solving skills and ability to handle complex situations effectively.
✨Tip Number 4
Familiarise yourself with the internal policies and procedures of the financial institution you're applying to. Understanding their approach to sanctions compliance will help you tailor your discussions and show that you're a good fit for their team.
We think you need these skills to ace Legal Counsel ( Sanctions ) (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in sanctions compliance and risk management. Use specific examples that demonstrate your expertise in handling sanctions-related issues, particularly within financial institutions.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the importance of sanctions compliance. Mention how your background aligns with the responsibilities outlined in the job description, and provide examples of how you've successfully navigated similar challenges in the past.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and strong communication abilities. Make sure to mention any experience you have with regulatory reporting processes and collaboration with legal teams.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential qualities for a Legal Counsel position.
How to prepare for a job interview at Placed
✨Understand Sanctions Regulations
Familiarise yourself with 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 of a Legal Counsel in ensuring compliance.
✨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 and resolved complex cases in previous roles.
✨Demonstrate Risk Management Expertise
Prepare to discuss your approach to identifying and mitigating sanctions risks. Think of specific instances where you implemented controls or conducted reviews that led to improved compliance within an organisation.
✨Collaborate Effectively
Emphasise your ability to work with various teams, such as compliance, legal, and internal investigations. Share examples of successful collaborations that resulted in effective sanctions management or resolution of issues.
