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- Tasks: Lead risk management and compliance efforts in a dynamic law firm.
- Company: Join a prominent national law firm known for its excellence.
- Benefits: Enjoy a supportive work environment with opportunities for professional growth.
- Why this job: Make a real impact by shaping compliance policies and guiding legal professionals.
- Qualifications: Previous law firm experience and strong risk management knowledge are essential.
- Other info: This role offers a chance to supervise and train others in the field.
The predicted salary is between 43200 - 72000 £ per year.
A prominent National law firm is looking for a Risk & Compliance Manager to join their team.
As Risk & Compliance Manager you will be responsible for developing and implementing risk management policies, ensuring compliance with regulatory requirements, and providing guidance on risk and compliance matters within the firm.
Key Responsibilities Risk & Compliance Manager:
- Develop and implement risk management policies and procedures.
- Manage actual and potential claims, liaising with professional indemnity insurers and maintaining relevant records.
- Identify risk areas and implement procedural improvements.
- Maintain Root Cause Analysis records to comply with Law South Risk & Compliance Standards.
- Handle complaints against the firm and escalate as necessary to the SRA or Legal Ombudsman.
- Act as Liaison Officer for SRA inspections.
- Provide guidance to fee earners on professional conduct, conflicts of interest, ethics, and SRA regulations.
- Supervise and train the Risk and Compliance Assistant.
- Stay updated on regulatory changes and ensure firm-wide compliance.
- Manage professional indemnity insurance proposals and inquiries.
- Review and assess third-party business terms (e.g., lender panels).
Qualifications:
- Previous law firm experience is preferred.
- Strong understanding of risk management techniques.
- In-depth knowledge of professional indemnity insurance and other relevant insurance classes.
- Familiarity with SRA regulations, Legal Ombudsman schemes, and compliance standards.
- Ability to liaise effectively with regulatory bodies.
If you are a dedicated professional looking to elevate your career in a supervisory role with a leading national law firm, we invite you to apply or get in touch at daniel@uncovertalent.co.uk
Risk & Compliance Manager employer: UNCOVER
Contact Detail:
UNCOVER Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Compliance Manager
✨Tip Number 1
Make sure to familiarize yourself with the latest SRA regulations and compliance standards. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the legal sector, especially those who have experience in risk management and compliance. Engaging with them can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified risk areas and implemented procedural improvements in your previous roles. Real-life scenarios can showcase your problem-solving skills effectively.
✨Tip Number 4
Consider joining relevant professional organizations or attending industry events. This can enhance your credibility and keep you informed about trends and best practices in risk and compliance management.
We think you need these skills to ace Risk & Compliance Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Risk & Compliance Manager position. Understand the key responsibilities and qualifications required, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous law firm experience and any specific knowledge of risk management techniques, professional indemnity insurance, and SRA regulations. Use concrete examples to demonstrate your expertise.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying and how your skills align with the firm's needs. Be sure to mention your ability to liaise with regulatory bodies and provide guidance on compliance matters.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in risk and compliance.
How to prepare for a job interview at UNCOVER
✨Showcase Your Legal Knowledge
Make sure to highlight your understanding of SRA regulations and compliance standards during the interview. Prepare examples from your previous experience that demonstrate your ability to navigate complex legal frameworks.
✨Demonstrate Risk Management Skills
Be ready to discuss specific risk management policies you have developed or implemented in the past. Use concrete examples to illustrate how you identified risk areas and made procedural improvements.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to handle hypothetical claims or compliance issues. Practice articulating your thought process and decision-making skills in these situations.
✨Emphasize Communication Skills
As a Risk & Compliance Manager, effective communication is key. Be prepared to discuss how you have successfully liaised with regulatory bodies and provided guidance to colleagues on compliance matters.
