A prestigious and forward-thinking law firm in Plymouth is seeking an experienced Compliance Manager to join their team. The successful candidate will be responsible for overseeing the firm’s compliance with regulatory requirements, ensuring adherence to Solicitors Regulation Authority (SRA) rules, Anti-Money Laundering (AML) regulations, and other legal industry standards. Reporting directly to the Managing Director, the Compliance Manager will play a key role in maintaining robust compliance systems, updating policies and procedures, and providing strategic advice to ensure the firm’s operations remain compliant and efficient.
Key Responsibilities
1. Regulatory Compliance: Oversee and ensure compliance with the Solicitors Regulation Authority (SRA) rules, regulations, and codes of conduct, keeping up to date with any changes in legislation or regulatory requirements that affect the firm.
2. Anti-Money Laundering (AML): Manage the firm’s anti-money laundering (AML) procedures, including conducting regular risk assessments, ensuring client due diligence (CDD) checks are completed correctly, and monitoring the effectiveness of the firm’s AML controls.
3. File Management: Supervise and audit client files to ensure that they are being managed in accordance with legal and regulatory standards, implementing corrective actions where necessary.
4. Policy Development & Implementation: Review, update, and implement the firm’s internal compliance policies and procedures, ensuring that best practices are adhered to across all departments.
5. Training & Awareness: Develop and deliver training to staff on regulatory matters, compliance obligations, and best practices, fostering a culture of compliance throughout the firm.
6. Reporting & Documentation: Prepare and present regular compliance reports to the Managing Director and senior management, outlining key risks, audits, and compliance updates.
7. Internal Audits & Risk Management: Lead and conduct regular internal audits of processes and files to assess the firm’s compliance status, identify areas for improvement, and implement risk mitigation strategies.
8. Liaising with Regulators: Serve as the main point of contact for regulatory bodies, responding to any queries or investigations from the SRA, HMRC, or other relevant authorities.
9. Process Improvements: Work collaboratively with senior leadership to streamline compliance-related processes and improve efficiency, ensuring the firm’s compliance framework is aligned with industry standards and regulatory changes.
The salary is dependent on skills and experience, a good benefits package is offered together with hybrid working.
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