Financial Crime and Sanctions Compliance Officer
Share
Job Location:
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Role summary/purpose of job
Our Financial Crime and Sanctions (FCS) team has an opening for an experienced Financial Crime Sanctions Officer. The role reports to the Global Head of Financial Crime and Sanctions and MLRO as is part of our global legal department.
In this role you will be part of a busy team engaged in interesting work passionate about all things financial crime and sanctions play a key role in helping to set the standards for and drive the firms financial crime and sanctions compliance activities across the network of offices and help to mentor team members and compliance staff.
Key responsibilities and deliverables
Support the Global Head of FCS / MLRO in ensuring compliance across the firm relating to AML sanctions anti-bribery and corruption and prevention of fraud and tax evasion
Be prepared to take a lead role in the design and execution of the financial crime risk management programme pillars namely risk assessment governance and risk reporting client due diligence and ongoing monitoring policies and procedures suspicious activity and regulatory reporting staff training and risk-based assurance testing
Contribute to team meetings and calls to discuss key topics share knowledge and provide updates on key regulatory developments
Provide guidance and support to other members of the FCS team on complex queries and compliance measures for the firm including the FCS Analyst Team.
Provide expert advice and guidance to the Global Business Acceptance team on FCS risks in connection with new business to other global and regional Legal Department teams and advising stakeholders of all levels from business teams for example Internal Audit and fee-earners on a range of FCS related matters
Horizon scan monitor changes in legislation and contribute to FCS and other risk and compliance related projects as required
Key requirements (Communication/skills/experience)
Essential
7 years practitioner experience in a legal or financial crime compliance officer (or equivalent) role at a regulated global firm with an innate understanding of and extensive involvement in the design and execution of financial crime risk management programmes
Experience and an interest in technology enabled and data driven monitoring systems with an interest in the development of AI tools to improve the effectiveness and efficiency of financial crime risk management systems and controls
Experienced advisor on complex and / or sensitive financial crime and reputational risk issues
Technical specialist knowledge and understanding of key AML and sanctions legislation and regulatory guidance in particular UK EU and US sanctions UK EU and other AML laws and regulations and LSAG guidance
Understanding of geopolitics and related governance issues
Keen analytical mindset and excellent organisational skills.
Detail oriented and be used to working to very high standards of accuracy and efficiency but balanced with a practical common-sense approach
Initiative and the ability to analyse facts and scenarios quickly and thoroughly
Proactive responsive with ability to prioritise a varied workload and to work to tight deadlines
Desirable
Extensive experience operating in the regulated sector ideally under the FCAs AML supervisory regime.
Qualified lawyer admitted in England & Wales or another relevant jurisdiction with experience of working in an international law firm or in-house and committed to working within risk and compliance
Overview of the Legal Department
The Legal Department is made up of both qualified lawyers and non-lawyers exists to manage the firms risk exposure and to provide advice to the partners on a range of legal and compliance issues.
The role of the Legal Department is to support partners and staff in pursing the effective management of regulatory legal operational and information security risk to preserve and maximise the value of the firm over the long term. We do this by taking responsibility for a range of actions by sharing in the performance of others and by assisting partners and staff to manage risk themselves through training awareness raising and the provision of relevant intelligence services and materials.
Our vision is for our department to be recognised as a leader amongst comparable elite law firms. That means being acknowledged internally as providing an excellent service in a commercial and empathetic manner. It means adequately meeting the needs of the firm while remaining agile and cost effective; constantly refining our techniques objectives and ways of working to respond to changes in the business and the threats we face.
Inclusion
Freshfields is an equal opportunities employer and all applications received by the firm will be considered by the firm on the basis of their merit alone and we welcome applications from all suitably qualified individuals regardless of background. All offers of employment will be conditional on the candidate having/securing the right to work in the UK and providing the firm with evidence of that right (as required by the Immigration Asylum and Nationality Act 2006) prior to employment commencing.
Freshfields is a Ban the Box ask applicants to disclose criminal convictions only when a conditional job offer is made. A conviction does not automatically lead to withdrawal of the offer: we make decisions on a case by case basis and take a number of factors into account (eg the role you are applying for and the circumstances of the offence).You would have the opportunity to discuss the matter with us before we make a decision
Required Experience:
Unclear Seniority
Key Skills
- Internal Audit
- Financial Performance
- Financial Goals
- Financial Policies
- Journal Entries
- Accounting
- General Ledger Accounts
- Financial Statements
- Financial Transactions
- Financial Procedures
- Annual Budget
- Ensure Compliance
- Powerpoint
- CPA
- Financial Management
About Company
The world’s biggest international organisations rely on us to help them make the right decisions in a fast-changing world. We combine the knowledge, experience and energy of the whole firm to solve our clients’ most complex challenges, wherever and whenever they arise.
