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- Tasks: Provide expert guidance on sanctions compliance and risk management for financial transactions.
- 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 by ensuring compliance with global sanctions while working with diverse teams.
- Qualifications: Experience in legal or compliance roles, particularly related to sanctions and risk management.
- Other info: This is a senior role with direct reporting to the Head of Sanctions.
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 will involve:
- Advising on risk management decisions related to customers and transactions with sanctions implications.
- Providing expert advice and training.
- Determining appropriate risk controls.
- Leading regulatory reporting processes for sanctions matters within the organisation.
Requirements:
- 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 that compliance teams within WPB and CMB are kept informed about high-impact sanctions referrals.
- Provide advisory support to key committees, such as those overseeing reputational risk and client selection for WPB and CMB clients.
- Support commercial deals and provide wording assistance as required.
- Advise on changes to internal sanctions screening filters and conduct reviews based on referral findings.
- Determine and advise on appropriate 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 business units.
- Draft and submit disclosures to relevant regulatory bodies, including breach reporting, 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 line with applicable laws and regulations.
Contact Detail:
Rutherford Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel ( Sanctions )
✨Tip Number 1
Familiarise yourself with the latest sanctions regulations and compliance requirements from the UK, EU, UN, and US. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in compliance and risk management. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face in sanctions compliance.
✨Tip Number 3
Prepare to discuss real-world scenarios where you've successfully managed sanctions-related risks or provided advisory support. Having concrete examples ready will showcase your expertise and problem-solving skills during the interview process.
✨Tip Number 4
Research StudySmarter's values and how they align with your own professional ethics, especially regarding compliance and risk management. Being able to articulate this alignment can set you apart as a candidate who truly fits within our organisational culture.
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. Familiarise yourself with sanctions compliance and the specific regulations mentioned in the job description.
Tailor Your CV: Highlight your 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 on risk management decisions.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the financial sector. Discuss how your background aligns with the needs of the Sanctions team and mention any specific achievements that showcase your skills in managing sanctions risks.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role that involves compliance and regulatory reporting.
How to prepare for a job interview at Rutherford
✨Understand Sanctions Regulations
Make sure you have a solid grasp of the various global sanctions regimes, including those from the UK, EU, UN, and US. Be prepared to discuss how these regulations impact financial institutions and the specific role they play in risk management.
✨Showcase Your Advisory Skills
Highlight your experience in providing advisory support on sanctions-related matters. Be ready to share examples of how you've successfully managed client due diligence and transaction referrals, as well as any training you've provided to teams.
✨Demonstrate Risk Management Expertise
Prepare to discuss your approach to risk management decisions, particularly regarding customer retention and exits. Think of specific cases where you've had to advise on sanctions risks and the controls you implemented to mitigate them.
✨Collaborate Effectively
Emphasise your ability to work with various teams, such as compliance, legal, and internal investigations. Share experiences where collaboration led to successful outcomes in managing sanctions risks or resolving advisory cases.
