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Risk & Compliance Officer

Newcastle Upon Tyne, Tyne And Wear, United Kingdom, £ £ - Annual Annual, Permanent


We're Norton Rose Fulbright - a global law firm with over 50 offices and 7,000 employees worldwide.

Our Newcastle Hub is currently recruiting for a Risk and Compliance Officer. As well as the relevant skills and experience, we're looking for people who are innovative, commercial and value the work that they do. We celebrate multiple approaches and points of view and believe diversity drives innovation, so we're building a culture where difference is valued.

Our office is based right next to the Tyne Bridge and within striking distance of the City Centre and although we are all working remotely currently, longer term we are proud to offer a hybrid working model retaining the best elements of remote and in-office working to create a culture of high performance though flexibility and encouraging a healthy work/life balance of working arrangements.

The Role

The Firm's business acceptance work covers two primary areas: Client Due Diligence (CDD) and conflicts management. This role will focus initially on CDD and related matter risk assessment tasks, specifically on sanctions screening and analysis, CDD and client/matter risk assessments. The role will be based in Newcastle and has a dual reporting line to the Client Due Diligence Manager and the Sanctions Counsel, both based in London. The successful candidate will:

  • Independently carry out and document risk assessments on new matters, with a particular focus on sanctions and anti-money Laundering;
  • Carry out and document risk assessments on low and medium risk new and existing clients of the firm;
  • Screen new and existing clients for increased risk indicators, including but not limited to, sanctions exposure, PEP exposure and reputational and financial risk exposure;
  • Where necessary, gather information and conduct initial assessments on potential sanctions risks associated with new and existing clients, and on new matters;
  • Escalate clients posing perceived increased risks to the Sanctions Counsel and/or to the Senior Client Acceptance Manager, and make recommendations as to the appropriate risk mitigation (where possible);
  • Take ownership of new business intake matters, carrying out the full risk analysis and liaising with the various stakeholders to the matter, including Partners and associates, communicating the progress of the matter at all stages to the interested parties;
  • Work to develop an understanding of the Firm's key strategic objectives, ensuring that new business intake is in line with the global strategy of the Firm and compliant with our existing client base from a legal and commercial standpoint;
  • Advise fee earners and PAs on the Firm's policies and procedures;
  • Have an understanding of, and be able to explain to fee earners and PAs, what information is required to comply with the various applicable regulations and firm policies;
  • Ensuring that the regulations (such as AML Directives; sanctions; SRA Code of Conduct) are adhered to within the Firm; and
  • (as required) Liaise with members of EMEA Compliance Team as well as Compliance Teams based at other Norton Rose Fulbright Member Firms to resolve compliance issues.

Skills and Experience Required

  • Degree in business, law or related subject (desirable).
  • At least 1 year's experience working in a business, legal or related professional services firm.
  • Have an interest in Risk and Compliance with a key interest in developing knowledge of the commercial, political and risk issues affecting our business.
  • Have a basic knowledge of sanctions and anti-money laundering compliance procedures (desirable).
  • Excellent Computer skills with an ability to switch between different database interfaces and online tools.
  • Excellent aptitude for research and familiarity with online research tools.
  • Ability to critically evaluate a number of different sources, identifying the key risk issues.
  • Excellent organisational skills and ability to prioritise different work streams.
  • Excellent written and oral communication skills.
  • Accuracy and an eye for detail.
  • Demonstrate flexibility and ability to operate within a global team.

Our clients come first and whilst we have a high performance culture and work hard as a team, in return we offer range of competitive benefits including:

  • 25 days hols + Bank hols - Buy/sell
  • GP Service
  • Bupa Healthcare
  • Pension
  • Flexible working

In addition, we are proud of our established health and wellbeing programme which supports our employees through mental, physical and lifestyle challenges.

Norton Rose Fulbright is committed to promoting a diverse workforce and an inclusive workplace where everyone can realise their full potential and career ambitions on the basis of merit and skill. We offer a range of family friendly and inclusive employment policies, flexible working arrangements, and employee networks.

Norton Rose Fulbright is an equal opportunities employer. We will make reasonable adjustments to our application process to ensure that you have the best chance of success. We understand that there's not a "one size fits all" approach to adjustments so our team will work with you individually to understand more about your requirements.


Job Details

Not Specified
Newcastle Upon Tyne, Tyne And Wear, United Kingdom
£ £ - Annual Annual