My client is Glasgow based, currently seeking to find an experienced Compliance Officer to join the team.
Your role will require you to support the implementation of the firm`s compliance strategy and in particular co-ordinate client and matter take on procedures and instructions in line with our Anti-Money Laundering (AML) process and procedures.
Carry out AML and Client Due Diligence (CDD) checks on all new client and matter instructions to ensure they comply with AML regulations. This will include analysing high risk factors including PEP involvement, state ownership, complex structures, high risk jurisdictions (including EU high-risk third countries), sanctions information, intelligence and other reporting systems.
Giving advice on enhanced due diligence, ongoing monitoring requirements, any specific CDD requirements, best practice and AML queries to Partners and fee earners to ensure appropriate CDD is obtained to comply with AML procedures.
Challenge where required the content of CDD forms and directly liaise with fee earners and matter managers.
Conduct analysis on relevant sanctions notifications including from the UN, EU, UK and US. Investigate and escalate potential legal and reputational issues to the MLRO and assist with drafting any referral.
Report on clients who do not have appropriate CDD and liaise with colleagues accordingly
Undertake verification of identity checks
Review incoming funds to the firm`s client account
Prepare and review risk assessments of clients
Produce regular reports and statistics for the Partners and matter managers.
Draft Suspicious Activity Reports (`SARs`) under the supervision of the Compliance Manager and the MLRO, including submission of SARs to the National Crime Agency (`NCA`) and ensure internal records are kept up to date.
Draft and update AML procedures in accordance with regulatory changes and firm`s policy under the supervision of the Compliance Manager and MLRO.
Assist with the audit of CDD forms and client files, reporting on findings and providing feedback to the matter managers.
Support the Compliance Manager with other compliance related work as required.
The successful Compliance Advisor will be a subject matter expert within Risk and Governance.
Ideally, you will have:
Experience of working in a comparable role within a legal firm.
Experience of Financial Services compliance and data protection.
Experience of Anti-Bribery and Corruption compliance.
Operational experience of AML compliance
Excellent analytical skills with great attention to detail
Highly developed communication skills, including an ability to interact effectively with people at all levels within an organisation, and a good understanding of regulatory requirements and governance framework.
Experience and understanding of the delivery of Risk Management Framework and policies.
Proven understanding of testing methodologies and processes and can demonstrate strong analytical, technical and problem solving skills.
Project management skills or experience of working on project related activities.