Head of Compliance
Manchester or London
Hybrid
Are you ready to elevate your career in compliance within the legal sector? This role offers the chance to make a significant impact at a growing law firm, ensuring adherence to regulatory and compliance best practices.
- *Role Overview:**
The Head of Compliance will oversee the development, implementation, and enforcement of compliance policies and procedures. This pivotal role involves day-to-day compliance and risk management, covering onboarding, internal audits, policies, and more.
- *Key Responsibilities:**
?? **Anti-Money Laundering (AML) & Client Due Diligence (CDD):**
- Research, identify, and verify new clients using compliance software.
- Maintain the firm's AML database with up-to-date CDD information.
- Advise and support on AML processes & best practices.
- Conduct AML risk analysis on a range of clients.
- Assist in ongoing monitoring and updating client due diligence records.
- Provide guidance on non-standard situations.
?? **Conflicts:**
- Review conflict checks, maintaining clear records and adherence to legal and regulatory requirements.
?? **SRA:**
- Lead and coordinate SRA audits.
- Build relationships with relevant contacts at the regulator.
- Stay updated with new or changing guidance.
?? **Risk Management:**
- Develop and update compliance policies and procedures.
- Maintain a firm-wide risk register.
- Conduct regular compliance risk assessments and file audits.
- Identify potential compliance risks and recommend mitigation strategies.
- Develop and implement action plans to address identified risks.
- Manage the firmwide complaints process and documentation.
- Liaise with insurance brokers on PI notifications as appropriate.
?? **Training & Development:**
- Provide ongoing support and guidance to staff and develop mandatory training
?? **Monitoring and Reporting:**
- Conduct regular internal audits and investigations.
- Prepare and present compliance reports to senior management and the board.
- Track and report on compliance metrics and key performance indicators.
??? **Documentation and Record-Keeping:**
- Maintain comprehensive records of compliance activities and findings.
- Ensure proper documentation for compliance audits and regulatory reviews.
- Manage and update compliance-related documentation and resources.
?? **Collaboration:**
- Act as the primary point of contact for compliance-related inquiries.
- Collaborate with legal, finance, and other departments to ensure firm-wide compliance.
- *Key Skills & Requirements:**
- Minimum of 4 years' experience in AML within a UK law firm.
- Advanced understanding of KYC and AML regulatory obligations.
- Proficiency in AML compliance software.
- Strong communication skills and confidence with MS Office.
- Proficiency in Practice Management software.
- Experience dealing with the SRA.
If you possess the expertise and drive to excel in this role, please send your CV to . �?