Legal Firm Compliance Manager

2 days ago


London, Greater London, United Kingdom Origin Legal Ltd Full time
Role Summary

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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