At a Glance
- Tasks: Lead a compliance team ensuring AML activities meet legal standards and drive continuous improvement.
- Company: Join a top international law firm known for its commitment to excellence and innovation.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact in financial crime prevention while working in a dynamic and supportive culture.
- Qualifications: Degree level education required; law degree preferred with management experience in a law firm.
- Other info: Open to all candidates demonstrating necessary skills, regardless of PQE/salary levels.
The predicted salary is between 48000 - 72000 £ per year.
A top international law firm is looking to hire an AML Compliance Manager supporting and reporting directly to the Director of AML Compliance and Chief Compliance Officer. The successful applicant will supervise and manage a compliance team responsible for AML (Anti-Money Laundering) activities, ensuring efficient operations, adherence to legal standards and continuous improvement.
Key Responsibilities
- Team Management: Lead and oversee day-to-day operations of the team. Support recruitment, performance reviews and manage performance-related issues. Ensure the team's skills remain current through training and development initiatives.
- AML Compliance Expertise: Analyse financial crime risks, including AML and sanctions, during client and matter acceptance processes. Guide the team on due diligence checks and risk assessments following regulations and policies. Address escalations, ensuring informed decisions on approvals or rejections. Update and adjust internal policies based on regulatory changes.
- Regulatory and Audit Support: Conduct quality assurance reviews to ensure compliance with systems and procedures. Assist with regulatory submissions, internal audits and external audit processes. Provide support in drafting suspicious activity reports.
- Projects and Strategy: Contribute to strategic initiatives and continuous software development for AML compliance. Foster collaboration and communication across teams and departments. Promote a culture of change management and innovation.
Qualifications & Experience:
- Educated to degree level, Law degree preferable and LPC desirable.
- Good working knowledge of all relevant legal and regulatory obligations (including Money Laundering Regulations, POCA, SAMLA, SRA Handbook, EU Money Laundering Directives, DFSA and ADGM rulebooks).
- Experience in a law firm.
- Management experience required.
Please note our advertisements use PQE/salary levels purely as a guide. However, we are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role. Please note that your personal information will be treated in accordance with our Privacy Policy.
AML Compliance Manager employer: Taylor Root
Contact Detail:
Taylor Root Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AML Compliance Manager
✨Tip Number 1
Network with professionals in the legal and compliance sectors. Attend industry events or webinars where AML compliance is discussed, as this can help you make valuable connections and learn about potential job openings.
✨Tip Number 2
Stay updated on the latest AML regulations and compliance trends. Subscribe to relevant newsletters or follow key influencers in the field on social media to ensure you’re well-informed and can speak knowledgeably during interviews.
✨Tip Number 3
Consider reaching out directly to current employees at StudySmarter or similar firms. Informational interviews can provide insights into the company culture and expectations for the AML Compliance Manager role.
✨Tip Number 4
Prepare for potential interview questions by reviewing common scenarios faced in AML compliance. Think about how you would handle specific challenges and be ready to discuss your management style and team leadership experiences.
We think you need these skills to ace AML Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in AML compliance and team management. Use specific examples that demonstrate your expertise in financial crime risk analysis and regulatory knowledge.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the role. Emphasise your management experience and how it aligns with the responsibilities of leading a compliance team.
Highlight Relevant Qualifications: In your application, ensure you mention your educational background, especially if you have a law degree or LPC. Also, detail any certifications or training related to AML compliance.
Showcase Your Leadership Skills: Provide examples of how you've successfully managed teams in the past. Discuss your approach to performance reviews, training initiatives, and how you've fostered a culture of compliance and innovation.
How to prepare for a job interview at Taylor Root
✨Showcase Your AML Knowledge
Make sure to brush up on your understanding of AML regulations and compliance frameworks. Be prepared to discuss specific laws like the Money Laundering Regulations and how they apply to the role.
✨Demonstrate Leadership Skills
As a manager, you'll need to show that you can lead a team effectively. Prepare examples of how you've managed teams in the past, focusing on recruitment, performance management, and training initiatives.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about how you would handle escalations or make decisions on due diligence checks, and be ready to explain your thought process.
✨Highlight Your Collaborative Approach
This role requires collaboration across various departments. Be ready to discuss how you've successfully worked with other teams in the past to achieve compliance goals or implement changes.