Risk Manager

An exciting opportunity has arisen for a Risk Manager to join a high-achieving boutique law firm in London. As a Risk Manager, you will be responsible for guiding the firm through the regulatory risks it faces in day-to-day business. This is a challenging role that involves assessing the existing function, and driving improvement and change across the business. The firm has a great culture and a reputation for good retention, making this an ideal opportunity for someone looking for a new challenge.

Job Responsibilities:

• Reporting on complex AML matters that may require further review.
• Conducting source of funds checks on amounts that exceed legislative requirements.
• Handling general onboarding enquiries.
• Maintaining awareness of sanctions and keeping a log of them.
• Ensuring regulatory compliance.
• Ensuring compliance with the SRA guidelines, and maintaining the firm's ability to excel in external audits.
• Managing complaints and handling claims.
• PII claims management, and approval for complaints.
• Renewing PII.
• Keeping Partners informed of potential risks facing the firm.
• Conducting the annual AML firm-wide risk assessment.
• Keeping records of sanctions.
• Providing training to staff on regulatory risks.
• Implementing policies, controls, and procedures covering risk management practices, internal controls, and CDD.
• Scanning the horizon for potential risks and providing updates and awareness.

Experience required:

• This role requires someone who has spent significant time in the compliance function of 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.

For a confidential chat about this or other roles we are handling, please contact Solomon Cairns.

Jameson Legal acts as an employment business for temporary recruitment and as an employment agency for fixed term contract and permanent recruitment.

Please note: Where a level of experience, such as 'PQE', is indicated, please note that this is a guideline only and represents the amount of time we would usually expect a candidate to accumulate the requisite level of experience. This does not preclude applications from candidates with more or less experience

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