Job Description | Senior Financial Crime Lawyer
Department: Risk Department
Location: London (hybrid role - minimum two days a week in the office)
The Role
The Senior Financial Crime Lawyer provides technical advice and guidance to the Firm, BAU, the Financial Crime Team, the COLP, MLCO and MLROs and supports the Head of Financial Crime, with financial crime-related projects. The Senior Financial Crime Lawyer will serve as a critical escalation point for the current financial crime lawyers on more complex queries and will provide leadership, training and mentoring to the financial crime lawyers and others in the Financial Crime Team. The Financial Crime team sits within the Risk department, working closely with the Business Acceptance Unit (BAU) and with in-house lawyers in the central Risk Team.
Key Responsibilities
- Advising the Firm on compliance relating to anti-money laundering (AML), anti-bribery and corruption (ABC), illegal tax benefits, financial sanctions, fraud prevention and other relevant requirements.
- Advising on complex queries and serving as an escalation point for the Financial Crime Team.
- Line management of financial crime lawyers and ensuring the efficient management of financial crime escalations from BAU and the rest of the Firm.
- Supporting the Head of Financial Crime on financial crime-related projects.
- Working with the Head of Financial Crime and the Senior Financial Crime Manager on the Firm's preparation for regulatory audits and inspections.
- Supporting the Firm's financial crime audit programme.
- Analysing and advising on suspicious activity reports and supporting the MLROs with the discharge of their duties by drafting and submitting reports under their direction.
- Mentoring and training the financial crime lawyers and other financial crime team members.
- Preparing financial crime reports to the senior management of the Firm.
- Assisting with the preparation of the Firm-Wide Risk Assessment and local office risk assessments.
- Contributing to high standards in financial crime compliance in the BAU Team and in other high risk business services teams and practice groups by developing and providing regular financial crime training and developing e-learning.
- Attending when required, the Financial Crime and Sanctions Committees of the firm which meet regularly or as required to discuss key topics and ensure the firm manages risks arising appropriately.
- Drafting, developing, maintaining, and communicating policies and templates that set firm standards for complying with AML, ABC, and other financial crime related regulatory requirements imposed by the United Kingdom, European Union, Hong Kong, China Singapore, the UAE and all other jurisdictions as required for the firm.
- Responding to financial crime related client and third-party questionnaires including from our regulators globally.
- Providing support on AML and other financial crime compliance to our international offices.
- Monitoring regulatory updates and guidance and receiving feedback on compliance operations from lawyers and staff and implementing processes required to meet regulatory changes.
- Other risk and compliance related projects as required.
Essential Skills & Experience
- Qualified lawyer over 6 years' experience advising on anti-money laundering, sanctions other financial crime risks, preferably gained in an international law firm.
- Excellent technical knowledge of the U.K. Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (as mended) the Legal Sector Affinity Group's Anti-Money Laundering Guidance for the Legal Sector, and other regulatory materials relevant to the firm's compliance obligations.
- A high level of knowledge of the UK sanctions regime required and a working knowledge of other international sanctions regime such as the EU, US, UAE, would be desirable but is not essential.
- Experience in managing AML and other financial crime risks within a professional services firm and advising on AML/financial crime queries.
- Experience of delivering AML and/or other financial crime training.
- Excellent ability to manage and influence senior stakeholders, driving action and challenging inaction.
- Strong partnership abilities; skilled in influencing and motivating others especially senior leaders.
- Strong project management, problem-solving and decision-making skills;
- Excellent verbal and written communication skills including presentation development and delivery
- Ability to work independently and think critically.
- A strong service focus with the need to listen and understand the essential requirements of different areas of the firm.
- Ability to build connections and work collaboratively across boundaries at all levels.
- Availability to travel.
- Unequivocal commitment to maintaining high ethical standards and strict confidentiality of firm and client information.
The Firm
Clyde & Co is a leading global law firm, specialising in the sectors that underpin global trade and commercial activity, namely: insurance, transport, construction, energy, trade and commodities. It is globally integrated, offering a comprehensive range of contentious and non-contentious legal services and commercially-minded legal advice to businesses operating across the world. Clyde & Co is committed to operating in a responsible way. This means progressing towards a diverse and inclusive workforce that reflects the diversity of its communities and clients, using its legal skills to support its communities through pro bono work, volunteering and charitable partnerships, and minimising the impact it has on the environment. The firm has 480 partners, 2400 lawyers, 3200 legal professionals and 5000 people overall in over 60 offices and associated offices worldwide.
Our Values
Our values are the principles that guide the decisions we make, unite us in our endeavours and strengthen our delivery, for our clients and our firm. We:
- Work as one We are a globally connected team of talented people who act with a firm-first mentality to achieve success
- Excel with clients We aim high and challenge ourselves to deliver unique excellence for our clients, keeping them at the centre of everything we do
- Celebrate difference We help each other to be at our best and believe our differences result in greater achievement
- Act boldly We seek new opportunities, take action and learn as we go, recognising that curiosity drives our development and contributes to growth
Business Services Competencies
Clyde & Co is committed to providing extensive, personal and professional development opportunities for our people enabling them to be highly effective in their current role as well as assisting them to fulfil their career aspirations.
The competencies are used to inform all aspects of Business Services career development. They vary across levels and different business areas and fall under the following areas:
- Technical Excellence
- People and Team
- Client/Stakeholder Relationships
- Service Delivery and Commercial Awareness
- Personal Effectiveness
This is the job description as constituted at present; however the Firm reserves the right to reasonably amend it in accordance with the changing needs of the business.
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