Senior Compliance Officer (CDD)

Recruiter
Norton Rose Fulbright LLP
Location
London
Salary
Competitive
Posted
09 Sep 2021
Closes
16 Sep 2021
Employer Sector
Banking & Finance - Retail
Contract Type
Permanent
Hours
Full Time
Travel
None

We're Norton Rose Fulbright - a global law firm with over 50 offices and7,000 employees worldwide. We are looking for a Senior Compliance Officer to join the Norton Rose Fulbright LLP (NRFLLP) Compliance Team, based in London.

The Team

The Norton Rose Fulbright Global Compliance Team is led by a Global Head of Compliance (based in the Australia) who is supported by compliance teams in each of the five Norton Rose Fulbright Member Firms.

As a global law firm, Norton Rose Fulbright is required to comply with a range of laws, regulations and professional rules in each jurisdiction that we practise. Failure to comply could be a breach of professional standards rules or a criminal, or in some cases civil, offence. The Global Compliance Team is responsible for overseeing compliance with those laws and regulations in order to avoid penalties and damage to our reputation that would result from a breach.

The NRFLLP Compliance team is led by The Chief Compliance Officer (based in London) who is supported by a team of approximately 60 staff in three regions: UK, the Middle East and Asia.

The Role

The role will be based in London and reports to the Client Due Diligence Manager, and ultimately the Head of Anti-Money Laundering.

While the majority of the work will be assessing and advising on Client Due Diligence (CDD) and related issues (as presented through the firm's new business acceptance processes) you may be required to assist on other risk and compliance issues and where necessary project work to develop the team and its standing in the Firm.

The successful candidate will:

  • Independently carry out CDD on new and existing clients of the firm;
  • Carry out and document risk assessments on new and existing clients of the firm;
  • Screen new and existing clients for increased risk indicators, including but not limited to, sanctions exposure, PEP exposure and reputational and financial risk exposure;
  • Escalate clients posing perceived increased risks and make recommendations as to the appropriate risk mitigation (where possible);
  • Take ownership of new business intake matters, carrying out the full risk analysis and liaising with the various stakeholders to the matter, including Partners and associates, communicating the progress of the matter at all stages to the interested parties;
  • Provide training and on-going assistance to Officers in resolving queries;
  • Act as a point of escalation between Officers and more senior team members; providing recommendations and first draft advice on issues
  • Assist Managers in training, mentoring and developing the Compliance Officers;
  • Work to develop an understanding of the Firm's key strategic objectives, ensuring that new business intake is in line with the global strategy of the Firm and compliant with our existing client base from a legal and commercial standpoint;
  • Advise fee earners and PAs on the Firm's policies and procedures;
  • Have an understanding of, and be able to explain to fee earners and PAs, what information is required to comply with the various applicable regulations and firm policies;
  • Ensure that the regulations (such as AML Directives; sanctions; SRA Code of Conduct) are adhered to within the Firm; and
  • (as required) Liaise with members of EMEA Compliance Team as well as Compliance Teams based at other Norton Rose Fulbright Member Firms to resolve compliance issues.

Skills and Experience Required

  • At least 3+ years' experience in a compliance role at a large international law firm (covering conflicts and/or CDD)
  • Good knowledge of AML regulations and experience of applying them in an international context
  • An understanding of different, complex, transaction types (strongly desired)
  • Ability to critically evaluate a number of different information sources quickly, identify key risk issues and explain why the risks identified are problematic and what steps could be taken to mitigate/remove them
  • Uses initiative. Considers needs of clients, partners, and senior members of the Compliance Team and proactively looks at ways to deliver effectively and efficiently, adding value wherever possible
  • Analytical thinker, with good communication skills and ability to articulate reasoning and arguments clearly and succinctly
  • Professional approach and a level of confidence to work successfully across the partnership and firm, in a culturally sensitive manner
  • Sufficiently confident to use own judgement and exercise risk-based decisions on a daily basis
  • An ability to make difficult decisions and to act as an escalation point for other members of the team
  • Motivated and flexible in approach to work based on business and client demands
  • Well organised and able to multitask and prioritise work when busy and to work accurately whilst under pressure
  • Motivated and flexible in approach to work based on business and client demands
  • Discreet and professional approach given confidentiality of information.

Our clients come first and whilst we have a high performance culture and work hard as a team, in return we offerrange of competitive benefits including:

  • 25 days hols + Bank hols - buy/sell,
  • GP Service,
  • Bupa Heathcare,
  • pension,
  • and flexible working.

In addition, we are proud of our established health and wellbeing programme which supports our employees through mental, physical and lifestyle challenges.

Norton Rose Fulbright is committed to promoting a diverse workforce and an inclusive workplace where everyone can realise their full potential and career ambitions on the basis of merit and skill. We offer a range of family friendly and inclusive employment policies, flexible working arrangements, and employee networks.

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