11 Oct
LR Legal Recruitment
London
Role - Risk and Compliance AnalystLocation - London (Hybrid) Salary - Up to $43kRoleThis is a position for a Risk and Compliance Analyst to join the Risk and Compliance team. The successful candidate will work closely with the Risk and Compliance Manager and other team members to help ensure that the firm complies with relevant regulations, particularly in relation to new client and matter take-on procedures. This is a varied role, and the incumbent will gain generalist risk and compliance experience, providing a solid foundation at this early stage of their career.
Responsibilities The successful candidate will report directly to the Risk and Compliance Manager and will share responsibility with the other team members for the following:Anti-money laundering (AML) checks
Review AML documentation in line with the firm's policies and complete risk assessments on new and re-opened clients and matters
Advise fee earners on the firm's AML requirements Conduct research in relation to AML checks and use online systems to verify clients' identities and run background checks
Conduct ongoing monitoring of clients and enhanced client due diligence checks for higher-risk clients
Client and matter management
Run and review conflict checks
Monitor the Compliance team inbox and respond to queries
Run sanctions checks and respond to sanction list alerts
Monitor engagement letter compliance and respond to daily reports Complete client and matter records maintenance e.g. updating outdated records and advising on firm policy in relation to this
Risk and compliance
Advise staff on the firm's compliance policies and best practice
Conduct new joiner and other ad hoc training for staff on the firm's compliance policies and procedures
Maintain compliance registers (e.g. undertakings)Assist the Risk and Compliance Director and the Risk and Compliance Manager with ad hoc projects and provide cover where necessary
Assist with any other duties that might be reasonably assigned to the roleExperienceMinimum or 1 year working in a professional services environment, including at least 6 months experience working in a role that has had exposure to risk and compliance (not necessarily in a risk and compliance team)Skills and attributes
An interest in progressing with their career in Risk and ComplianceMinimum of foundation level understanding of compliance rules in a law firm, including SRA requirementsA proven ability to work well in a team,
with a willingness to cover for other team members where appropriate
Adopts a methodical and structured approach to work
The ability to balance responsibility for routine day-to-day tasks with ongoing project workA quick learner, able to use initiative and make sensible judgments when deciding whether or not to escalate issues
Excellent attention to detail
Professional, diligent and responsible attitude
Ability and desire to work to high standards
Strong communication and interpersonal skills with a customer service focussed approach
Proficient in the use of MS OfficePrevious experience with office databases and systems preferable
▶️ Risk and Compliance Analyst
🖊️ LR Legal Recruitment
📍 London