Risk & Compliance Officer

Lipson Lloyd-Jones; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading global law firm is looking for a Risk & Compliance professional to provide support across its London offices. The role involves ensuring regulatory compliance, conducting client due diligence, and assisting with audits and training. Candidates should have a law degree or GDL qualification and at least two years of relevant compliance experience.

Qualifications

• Minimum of two years' experience in a compliance function within a regulated organization, ideally in a law firm.
• Demonstrated ability to work within a framework of regulatory compliance.
• AML experience is required.

Responsibilities

• Assist in on-boarding new clients and ensure all details are correct.
• Conduct client due diligence and undertake AML and sanctions searches.
• Review and advise on engagement terms and assist in compliance reporting.

Skills

Excellent administrative skills

Strong working relationships

Proficiency in MS Outlook

Proficiency in MS Word

Proficiency in MS Excel

Resilience

Education

Law degree or GDL qualification

Job description

THE FIRM

A global law firm.

THE ROLE

In the Risk & Compliance Department the role involves providing practice support to the firm's offices on all aspects of risk, regulatory compliance and conflicts in London.

Key Responsibilities

The role will include but will not be limited to:

• Matter Inception: assisting in on-boarding new clients and matters and ensuring that all details are correct in accordance with regulatory standards and firm policy.
• Anti-Money Laundering: conducting client due diligence, reviewing KYC documentation and undertaking AML and sanctions searches on clients as appropriate and escalating any issues to the MLRO.
• Terms of Engagement: assisting the firm in maintaining a uniform application of engagement terms as well as reviewing, advising on and recording client imposed terms.
• On-going monitoring and risk assessment: reviewing any changes to the client which may have an impact on client or matter risk and dealing with these in accordance with regulatory requirements.
• Matter Maintenance: ensuring that matter information is kept accurate and up-to-date.
• Compliance reporting, assisting in the production of spreadsheets to monitor client and matter inception process status. Help run weekly / monthly reports.
• Confidentiality: assisting in setting up and amending information barriers and insider lists as required.
• Training: providing internal training to the team and wider firm in order to embed best practice.
• Projects: undertaking research and other projects as needed to improve matter inception, policy and process.
• Audit: assisting Risk Lawyers in preparation of annual internal file audits.
• Assisting other teams: Revenue & Collections, Marketing, and Conflicts as necessary.
• Responding to ad hoc requests as directed by the business.

THE CANDIDATE

The successful candidate will be able to demonstrate excellent administrative skills, as well as the ability to develop strong working relationships with lawyers and business services staff across the firm. It will be essential to gain a rapid understanding of the firm's business in order to support the conflict decisions that need to be made as proactively as possible.

• A minimum of two year's experience in a compliance function within a regulated organisation, ideally in a law firm
• Law degree or GDL qualification, with some legal work experience
• AML experience
• Demonstrated ability to work within a framework of regulatory compliance
• The capability, after training if necessary, to identify conflicts and risk within a law firm
• Resilience and the ability to develop and maintain strong internal and external relationships, while working both autonomously and as part of a global team
• A high level of proficiency in MS Outlook, Word and Excel

Lipson Lloyd Jones Ltd is acting as an Employment Agency in relation to this vacancy.