Legal Firm Compliance Manager
2 days ago
We are seeking an experienced Risk & Compliance Manager to join our team at Origin Legal Ltd.
The ideal candidate will have strong risk management skills, with previous experience in a similar role at a law firm. They will be responsible for developing and implementing risk management policies and procedures, as well as providing general risk and compliance-related advice to the firm.
Responsibilities:
- Developing and implementing risk management policies and procedures.
- Providing general risk and compliance-related advice to the firm.
- Serving as the main contact for professional indemnity insurers regarding claims, keeping records and conducting investigations.
- Processing payments and maintaining a central record of claims-related transactions.
- Keeping Root Cause Analysis records up to date to comply with Law South Risk & Compliance Standards.
- Addressing and analysing complaints against the firm for the Management Team.
- Assisting in managing escalated complaints with the SRA or Legal Ombudsman and acting as Liaison Officer during SRA inspections.
- Guiding fee earners on professional conduct, including conflicts of interest and ethics.
- Working with Group Heads to identify weaknesses and improve practices to enhance the firm's risk profile.
- Delivering training on risk-related matters and keeping updated on changes in professional conduct rules.
- Conducting audits for compliance with internal policies and assisting in developing risk management plans.
- Maintaining the Confidential Register of Interests and coordinating the Lexcel accreditation process.
- Ensuring engagement letters and website changes comply with Law Society and SRA regulations.
- Completing annual professional indemnity insurance proposals.
- Monitoring compliance with the Solicitors Code of Conduct and assisting with due diligence for mergers and acquisitions.
- Training staff on revised policies after mergers and providing information on claims for tenders.
- Assisting groups with client file requests and queries from other law firms or government departments.
Requirements:
- Previous experience in a similar role at a law firm.
- Strong understanding of risk management across a law firm.
- Detailed knowledge and understanding of professional indemnity insurance, and good awareness and understanding of other classes of insurance.
- Detailed knowledge and understanding of the SRA Code of Conduct Rules, and other SRA Standards and Regulations such as the Indemnity Insurance rules and the Legal Ombudsman scheme.
- Awareness and understanding of Money Laundering legislation, Data Protection legislation, Criminal Finances Act 2017, Bribery Act 2010, Financial Services and Markets Act.
Estimated Salary:
£55,000 per annum, with opportunities for progression based on performance.
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