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- Tasks: Lead the Sanctions team, providing expert advice on compliance and risk management.
- Company: Join a top UK financial institution known for its commitment to compliance and integrity.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact by guiding sanctions compliance in a dynamic financial landscape.
- Qualifications: Expertise in sanctions compliance and risk management is essential; relevant experience preferred.
- Other info: This role offers a chance to work closely with senior leadership and key committees.
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, and 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.
Legal Counsel ( Sanctions ) employer: Rutherford
Contact Detail:
Rutherford Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel ( Sanctions )
✨Tip Number 1
Familiarize 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 rapidly changing field.
✨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 scenarios where you successfully managed sanctions-related risks or provided advisory support. Real-life examples will showcase your expertise and problem-solving skills, making you a more attractive candidate.
✨Tip Number 4
Stay informed about current events and trends related to sanctions and compliance. Being able to discuss recent developments during your interview will highlight your proactive approach and genuine interest in the role.
We think you need these skills to ace Legal Counsel ( Sanctions )
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and requirements of the Legal Counsel (Sanctions) position. Tailor your application to highlight your relevant experience in sanctions compliance and risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasize your expertise in sanctions-related matters, including any experience with client due diligence, regulatory reporting, and advisory roles. Use specific examples to demonstrate your skills.
Showcase Your Knowledge: Demonstrate your understanding of global sanctions regimes and internal group policies in your application. Mention any relevant training or certifications that showcase your commitment to staying updated in this field.
Tailor Your Cover Letter: Craft a compelling cover letter that addresses how your background aligns with the needs of the Sanctions team. Be sure to mention your ability to provide expert advice and support to key committees, as well as your experience in managing advisory cases.
How to prepare for a job interview at Rutherford
✨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 specific experiences where you provided guidance on sanctions compliance and risk management.
✨Demonstrate Your Advisory Skills
Prepare examples of how you've advised teams or clients on sanctions-related matters. Focus on your ability to manage advisory cases and drive them toward resolution, showcasing your problem-solving skills.
✨Understand the Business Context
Familiarize yourself with the Wealth and Personal Banking sectors. Be ready to discuss how sanctions compliance impacts customer relationships and transactions within these business units.
✨Prepare for Regulatory Discussions
Since the role involves regulatory reporting, be ready to talk about your experience with disclosures to regulatory bodies. Discuss any relevant experience with breach reporting, asset freezes, or license applications.
