Advisor, Financial Crime & Risk - 2 Year FTC

Recruiter
Ashurst
Location
London (Central), London (Greater)
Salary
Competitive
Posted
11 May 2021
Closes
10 Jul 2021
Role Classification
Other Professional
Contract Type
Contract

About Ashurst:

Ashurst is a leading global law firm with a history spanning almost 200 years, and clear strategy for our future growth. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law. To find out more please visit here

In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks. These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations

Business Area: Risk & Compliance

Role: Advisor, Financial Crime & Risk - 2 Year FTC

Location: London

Reporting to: Head of Financial Crime & Risk

Hours of work -

Core business hours are Monday to Friday, 9.00am - 5.30pm, flexible working can be considered. You will be required to work such hours as are necessary to carry out your duties and to meet specific deadlines and/or facilitate project implementations.

Department/Role Overview:

You will be part of the Financial Crime and Risk Team, which is based in London and Australia, and is responsible for ensuring the firm has effective policies and procedures to comply with relevant worldwide statutory and regulatory obligations in relation to financial crime and business risk, while providing specialist risk assessment advice on a range of financial crime and business risk areas, including but not limited to anti-money laundering, international sanctions, bribery, whistleblowing, tax transparency and supply chain risks.

Your role includes responsibility for advising on complex risk assessment queries and assisting in setting the policies and procedures for compliance with our financial crime and risk obligations worldwide.

This is a 2 year contract position.

Main responsibilities:

Business as usual:

  • Provide timely in-depth risk assessment advice to the partnership on potential new clients and mandates, in line with applicable legal/regulatory requirements and Ashurst policy.
  • Liaise with other teams, including Finance, on payment routes, use of our client account and other practical steps to implement the risk mitigation strategies identified as appropriate for a given client or mandate.
  • Provide timely first tier escalation support for the Risk Assessment and Business Protection Team and the Partnership, especially in relation to financial crime queries.
  • Escalate complex queries as appropriate through the risk management chain and as directed by your line manager, support the MLRO network on the submission of external SARs.
  • Assist in handling ad hoc queries from the partnership and the Risk and Compliance Operations Team.

Specialist knowledge:

  • Proactively develop your specialist knowledge across the Financial Crime and Risk portfolio.
  • Horizon scan for legal, regulatory and risk developments across the Financial Crime and Risk portfolio, in light of the firm's strategy, work and industries, and proactively share knowledge across the team.
  • As directed by your line manager, support the Partnership in the development and sustainable delivery of briefings, products and advice to clients on issues across the Financial Crime and Risk portfolio.

Project work and control function:

  • Collaborate with others on various projects to ensure Ashurst's policies, procedures, systems and controls are up to date and appropriately aligned with relevant legislation and regulatory requirements across the jurisdictions in which we operate and across the Financial Crime and Risk portfolio.
  • Collaborate with others on the delivery of a range of macro risk assessment and first line assurance projects, including external and regulatory audit/information returns, providing leadership to the Risk Assessment and Business Protection Team members who are coordinating delivering logistics support.
  • As required, provide updates to the MLRO/Risk Partner Network and Risk Committee on work you are undertaking across the Financial Crime and Risk Portfolio.

Training and raising awareness:

  • Participate in the development and delivery of training and awareness raising activity in relation to the wider Risk and Compliance Function and specialist areas within the Financial Crime and Risk portfolio across the firm.
  • Participate in client facing events, raising the profile of the firm and the Risk and Compliance Function.
  • As directed by your line manager, attend external professional or industry events, representing the Risk and Compliance Function.
  • This may involve some travel to other offices as directed by your line manager.

Supervision:

  • Provide support and guidance to members of the Risk Assessment and Business Protection Team.

Risk and Control: Ensure that all activities and duties are carried out in full compliance with our regulatory requirements and internal policies.

Essential skills and experience:

  • Strong research skills, attention to detail, lateral and analytical thinking, and ability to overcome obstacles.
  • Good judgement and business awareness, with the ability to use own judgement to come to decisions but also aware of when issues need to be escalated.
  • Strong organisational skills with the ability to work well under pressure, prioritise and meet deadlines.
  • Ability to adapt and quickly learn new processes and understand new technology.
  • Discrete and professional approach, as the information will be confidential, sensitive and subject to data protection rules.
  • Good all-round communication and negotiation at all levels across the firm and offices; in particular, good ability to converse with Partners and obtain the necessary information and provide confident and succinct advice.
  • Good interpersonal skills, team spirit and willingness to assist others when necessary.
  • Keen interest in knowing the business as exposure to firm-wide legal practices will involve exposure to various types of deals.

Education and requirements:

  • Legal qualification (or minimum of LPC).
  • Knowledge of the counter financial crime obligations placed upon regulated firms in the EU.
  • An understanding of the nature of the work in a multinational corporate law firm or other regulated professional firm; demonstrating an in-depth knowledge of how a law firm (or regulated professional body) works, its client base and the markets in which it operates, and familiarity with the structure of matters it takes on.
  • Previous AML/CTF experience in a multinational law firm or other regulated body.
  • Working knowledge and ability to use Compliance Databases (e.g. BVD, WorldCheck, LegalKey, Intapp or similar).

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