The RM department consists of two risk & compliance lawyers (one being the general counsel), a deputy money laundering reporting officer, two senior CDD and conflicts analysts, two CDD & conflicts analysts, two junior CDD & conflicts analysts, an executive assistant and an admin assistant, all reporting to the general counsel (who is also the firm’s compliance officer for legal practice and money laundering reporting officer).
This position is responsible for working within the risk management department in its client matter inception (‘CMI’) team.
The role will involve liaising with partners, fee earners and staff members firm wide, in connection with the review of new business, including on client due diligence (‘CDD’) specifications for fee earners and secretaries, re-approving of CDD and on identifying and facilitating resolution of conflicts of interest and confidential information issues.
The successful candidate will:
- work as a member of the CMI team within RM, reporting to the senior CDD and senior conflicts analysts and general counsel;
- review incoming conflicts searches and seek enhanced information, if not sufficient;
- conducting conflict searches, identifying any conflicts issues and escalating these to the senior conflicts analyst and general counsel (as necessary);
- grade conflicts returns green, amber or red pursuant to established protocols;
- specify CDD requirements;
- review the CDD collated by fee earners and secretaries and either approve it or identify what is missing;
- identifying any CDD issues and escalating these to the deputy MLRO and general counsel (as necessary);
- must have a willingness also to engage with and train on other RM procedures and to become a backup point of contact on all RM queries with the ability either to resolve them or refer them appropriately;
- the balance between the conflicts and the CDD role will vary depending on day to day departmental needs and holidays etc. Must have a willingness to support both; and
- assist general counsel with a wide range of research requests and other projects (which may go beyond conflicts and CDD) as may be assigned.
This job description encompasses the main duties of the role and is by no means exhaustive. It is anticipated that duties may vary from time to time according to the needs of the department.
Core hours are 9.30am to 5.30pm but flexibility is required to work overtime as and when required.
The right candidate will possess strong academic qualifications from A Levels and will ideally have a minimum 2:1 degree.
In addition they will meet the following requirements:
- the ideal candidate will have strong organisational skills and be willing to participate as part of a small and multitasking team. They will also have strong analytical and writing and communication skills;
- they must be able to demonstrate high levels of drive, determination and focus. They must possess the ability to follow instruction and be able to work and communicate with clients and colleagues at all levels; and
- it is essential that the candidate will have an eye for detail and the ability to act positively, creatively and intuitively when presented with challenges. There is a high volume of work and the job holder will be expected to take responsibility for completing tasks, work diligently and be able to prioritise their work.
Prior experience is not required; however it would be advantageous if the candidate has some CDD specification and analysis and/or conflicts analysis experience.
Our commitment to inclusion
At Macfarlanes we understand the importance of an inclusive culture, the continued development of which has been identified as one of our key priorities. Our focus is to foster an inclusive culture throughout the firm, from entry level to partnership. It is about recruiting, retaining and promoting all groups in the firm fairly, and we are continually reviewing our processes to ensure that everyone has the same chance to develop and advance. An inclusive, forward-thinking culture also enables us to provide innovative solutions to our clients.
We welcome applications from people of all backgrounds, bringing different perspectives and experiences, making Macfarlanes an exciting and stimulating place to work. We seek to recruit the best candidates, regardless of gender, race or ethnicity, background, religion, physical abilities, sexual orientation or any other characteristic.