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For Companies At a Glance
- Tasks: Lead sanctions compliance and provide expert advisory support to business units.
- Company: Join a top UK 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 by managing sanctions risks and ensuring compliance across global regulations.
- Qualifications: Expertise in sanctions compliance and risk management is essential; relevant experience preferred.
- Other info: This senior role offers a chance to influence key decisions and work with diverse teams.
The predicted salary is between 72000 - 108000 £ per year.
About the job
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 will involve 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 matters within the organisation.
Requirements:
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Lead and provide subject matter expertise to the wider advisory team on sanctions-related matters, including client due diligence and transaction referrals.
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Advise on risk management decisions regarding customer retention, exits, and reporting for clients with potential sanctions-related issues.
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Manage a portfolio of advisory cases, driving them toward resolution.
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Ensure that compliance teams within WPB and CMB are kept informed about high-impact sanctions referrals.
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Provide advisory support to key committees, such as those overseeing reputational risk and client selection for WPB and CMB clients.
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Support commercial deals and provide wording assistance as required.
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Advise on changes to internal sanctions screening filters and conduct reviews based on referral findings.
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Determine and advise on appropriate controls to mitigate sanctions risks related to customer relationships, transactions, and products.
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Oversee periodic reviews, onboarding, and trigger-based assessments for customers in the CMB/WPB business units.
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Draft and submit disclosures to relevant regulatory bodies, including breach reporting, asset freezes, and license applications.
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Collaborate with internal investigation teams to support live sanctions investigations.
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Partner with legal teams to ensure sanctions risk is managed in line with applicable laws and regulations.
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Legal Counsel (Sanctions) employer: Rutherford Search
Contact Detail:
Rutherford Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel (Sanctions)
✨Tip Number 1
Familiarize yourself with the latest global sanctions regimes, especially those imposed by the UK, EU, UN, and US. This knowledge will not only help you understand the compliance landscape but also demonstrate your expertise during discussions with the hiring team.
✨Tip Number 2
Network with professionals in the financial services sector who specialize in sanctions compliance. Engaging with industry experts can provide valuable insights and potentially lead to referrals or recommendations for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed sanctions-related risks in previous roles. Highlighting your experience in advising on risk management decisions will showcase your capability to handle the responsibilities of this position.
✨Tip Number 4
Stay updated on recent changes in sanctions laws and regulations. Being able to speak knowledgeably about current events and their implications for compliance will set you apart as a candidate who is proactive and well-informed.
We think you need these skills to ace Legal Counsel (Sanctions)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Legal Counsel (Sanctions) position. Familiarize yourself with sanctions compliance and the specific regulations mentioned in the job description.
Tailor Your CV: Customize your CV to highlight relevant experience in sanctions compliance, risk management, and advisory roles. Use specific examples that demonstrate your expertise in handling sanctions-related matters and your ability to provide guidance to teams.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your motivation for applying and how your background aligns with the role. Emphasize your subject matter expertise and any experience you have in advising on sanctions risks and compliance.
Highlight Relevant Skills: In your application, be sure to showcase skills that are crucial for this role, such as analytical thinking, attention to detail, and strong communication abilities. Mention any experience with regulatory reporting processes and collaboration with legal teams.
How to prepare for a job interview at Rutherford Search
✨Show Your Expertise in Sanctions Compliance
Be prepared to discuss your knowledge of global sanctions regimes, including those from the UK, EU, UN, and US. Highlight any previous experience you have in advising on sanctions compliance and risk management decisions.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've managed advisory cases or resolved complex sanctions-related issues in the past. This will showcase your ability to drive cases toward resolution effectively.
✨Highlight Collaboration Experience
Discuss your experience working with various teams, such as compliance, legal, and internal investigations. Emphasize your ability to partner with different departments to ensure comprehensive sanctions risk management.
✨Prepare for Regulatory Reporting Questions
Since the role involves drafting disclosures and reporting to regulatory bodies, be ready to explain your understanding of the reporting processes and any relevant experiences you have had in this area.
