Compliance Expert
2 weeks ago
We are seeking a highly skilled Compliance Expert to join our team. This is a fantastic opportunity for an experienced professional to take on a key role in ensuring our firm's compliance with regulatory requirements.
The successful candidate will have a strong understanding of anti-money laundering regulations and be able to provide expert guidance to colleagues across the firm.
Key Responsibilities:
- Manage and implement assessments of high and medium risk clients, including CRP reviews and updating CDD accordingly.
- Address non-compliance issues in line with internal policies.
- Work with Client Relationship Partners to ensure AML reviews are consistent with client information.
- Contact clients directly to explain ML Regulations and seek documentation to comply.
- Monitor and analyze matter risk assessments.
- Help ensure the Firm is comfortable acting in particular circumstances and adjust internal controls as needed.
- Flag high-risk factors for further investigation.
- FOLLOW BUSINESS ACCEPTANCE PROCEDURES FOR ALL CLIENTS AND WORK OF THE FIRM AND TAKE PROACTIVE STEPS TO HELP ENSURE THAT FEE EARNING TEAMS UNDERSTOOD THOSE PROCEDURES AND ARE COMPLIANT.
- Liaise with fee earners and others to make informed decisions about CDD requirements and mitigate identified risks.
- Review and analyze CDD documents to ensure compliance with anti-money laundering regulations.
- Conduct electronic verification searches using bespoke software.
- Advise fee earners on complex CDD requirements, including identifying layered beneficial ownership.
- Conduct source of funds and source of wealth reviews and make decisions on whether risk has been mitigated.
About You
- Good research and analytical skills.
- Strong organizational skills and ability to prioritize workload.
- Excellent communication skills and ability to deal with people at all levels.
- Ability to work well under pressure and meet deadlines in a fast-paced environment.
- Accurate data inputting, attention to detail, and accuracy.
- Good IT skills.
- Legal qualification desired but not essential.
- A minimum of one year's experience of conflict checking is required for this role.
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