Compliance Manager
Posted a week ago by Medlock Partners Ltd
Main Responsibilities:
- Risk Assessment Management:
- Update and manage the firm's overall risk assessment framework, utilizing data from file reviews, client onboarding processes, and AML software.
- Stay informed of the latest sector risks and regulatory guidance to ensure best practices.
- Client Onboarding Assistance:
- Support fee earners with complex client onboarding, ensuring careful consideration of reputational, ethical, and sanctions-related concerns.
- AML Compliance Support:
- Act as a key point of contact for escalated AML screening alerts and compliance queries from the team.
- Training and Development:
- Develop and present AML training to staff to keep the team informed of compliance regulations and standards.
- Improving Processes:
- Work closely with the IT team to enhance the firm's file opening workflows, incorporating advanced electronic ID verification and screening technologies.
- Policy and Procedure Enhancement:
- Continuously assess and improve the firm’s AML policies, processes, and systems to meet evolving regulatory requirements.
- Risk Assessments Review:
- Regularly review samples of client and matter risk assessments to identify areas for improvement.
- Suspicious Activity Reporting:
- Assist the MLRO and Deputy MLRO in handling internal suspicious activity reports efficiently and in compliance with legal requirements.
- Stakeholder Collaboration:
- Build strong working relationships with key stakeholders, including partners, fee earners, and other internal teams, to promote effective AML practices.
- Ongoing Client Monitoring:
- Conduct periodic reviews of existing client relationships to ensure continuous client due diligence (CDD) and up-to-date risk assessments.
- A degree-level education with a strong interest in pursuing a career in AML compliance.
- Previous experience working within a law firm, with a solid understanding of UK AML regulations, sanctions legislation, and relevant compliance practices.
- Proficiency in MS Office, client intake software, and financial crime databases.
- Strong analytical skills with the ability to handle complex queries and offer customized solutions.
- Type:
- Permanent
- Contract Length:
- N/A
- Contact Name:
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- Telephone:
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- Job Reference:
- 651586
- Job ID:
- 222274618
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