Compliance Analyst in Edinburgh

We are recruiting for a Compliance Analyst to join our Can I Act team in Belfast, Glasgow or Manchester.

Your Role

• Undertake conflict of interest checks for all new work to the Firm, using Intapp Conflicts to assess the risk of conflict with new and existing work.
• Discuss potential conflicts with relevant fee earners or Partners to reach conclusions on whether work should be accepted, considering the SRA and Law Society’s guidance on conflicts of interest as well as internal policies and client requirements.
• Always maintain client confidentiality when analysing potential conflicts, acting as a central point of contact for relevant stakeholders to reduce the risk of breaching confidentiality.
• Help ensure the Firm is comfortable acting in varied and complex circumstances and, if so, whether our internal controls have been adjusted to the appropriate level or risk presented by the client and retainer.
• Address any non-compliance in line with internal policies.
• Follow business acceptance procedures for all clients and work of the Firm and take proactive steps to help ensure that fee earning teams understood those procedures and are compliant. This may involve attending team meetings and committees.
• Liaise with fee earners and others within the Firm to make informed decisions about whether CDD requirements for new clients have been met and mitigate any risks that are identified in client or matter risk assessments.
• Review and analyse CDD documents to ensure compliance with anti-money laundering regulations, identifying what is missing, seeking enhanced information, necessary and referring where necessary to TM or Risk. This will include advising on more complex CDD requirements such as identifying layered beneficial ownership.
• Work with Client Relationship Partners (CRP) to ensure AML reviews undertaken of existing clients are consistent with what we know about the client, their business and risk profile, and relevant information has been kept up-to-date.
• Use a range of company information databases and verification tools to conduct checks on potential clients and related parties.
• Conduct source of funds and source of wealth reviews prior to TLT receiving transactional funds.

Your Skills and Experience

• Great research and analytical skills.
• Strong organisational skills and meticulous record keeping.
• Excellent communication skills and the ability to deal with people of all levels within the Firm.
• Ability to work well under pressure and to deadlines in a fast-paced environment.
• Accuracy and attention to detail when handling large data sets.
• Good IT skills.
• Legal qualification desired but not essential.
• The role would suit someone with previous experience of working in compliance for a law firm in the areas of conflict checking and CDD/KYC.
• A minimum of one year’s experience of conflict checking is required for the compliance analyst role. Individuals with less experience may be considered for the compliance assistant role.

Your Team

The Can I Act team (CIA) sits within the Risk and Compliance function for the Firm, and supports with business acceptance (both compliance and conflicts clearance) and ongoing monitoring of the Firm's business relationships, together with advising the Firm on general compliance queries, undertaking sanctions and compliance monitoring, and supporting on source of funds/ third party payments queries and issues. The CIA team also supports the wider Risk and Compliance function on a number of strategic and critical business protection activities. The team undertakes a variety of tasks associated with client and matter onboarding, and also provides regular training and guidance across the Firm. The team consists of 20 compliance professionals. A compliance team manager is responsible for day to day management of the team, supported by 3 team leaders. The team reports into the Firm’s Head of AML and FC.

About TLT

Fast paced, fast growing and forward thinking, TLT is the law firm that helps clients stay one step ahead, and we do the same for our people. With local, national and international reach, we have over 1,800 people in offices across the UK and a network of partner firms across Europe, India and the US. Over the last few years TLT’s successful growth, delivery of high-quality work and support for colleagues has been consistently recognised by The Times and at the Legal Business, The Lawyer and British Legal Awards. Our ambition is to create opportunities for what comes next for our clients, recognised as their 1st tier adviser and being valued for our values. We do this in our unique way by creating social value and a dynamic environment where our people are curious, creative and ambitious for their success. In our open and collaborative culture, we encourage everyone to be their whole self, to have a voice and to contribute to the success of TLT.

Our Benefits

We value our employees highly and we want you to feel valued. You’ll receive a competitive salary with an annual pay review. You will also have access to an extensive range of benefits via our flexible benefits scheme including 25 days holiday (which will increase to 30 days based upon length of service) and private medical insurance. At TLT we have a progressive fully flexible working approach. We empower our people to work in a place and at a time that meets their needs, those of their clients and of the wider team and firm. Part of this agile approach is a focus on hybrid working and supporting the work/life balance of our people. We’re happy to talk about how flexible working can work for you and this role.