The Norton Rose Fulbright LLP (NRFLLP) Risk & Compliance Team is overseen by a Chief Compliance Officer, assisted by two regional Heads of Compliance (one for the Asia/ME time zones and the other for the European time zones). The Compliance Team covers EMEA's 26 offices and is constituted of approximately 50 people, who are a mix of lawyers, managers and officers, based in London, Newcastle, Dubai, Singapore and Hong Kong.
NRFLLP isrequired to comply with all relevant laws and professional obligations in every office. Failure to comply can be a breach of professional standards rules or a criminal, or in some cases civil, offence. The Compliance Team is responsible for overseeing compliance with those rules in order to avoid penalties and damage to our reputation.
We are looking for a solicitor/lawyer to join the Norton Rose Fulbright LLP (NRFLLP) Risk & Compliance Team, based in London. The role will report into our London based Risk & Compliance Counsel (Conflicts) but will closely work with the Head of Compliance for UK & Europe . While the majority of your work will be internally focused, there is the possibility of being involved with client facing work. Some international travel may also be required.
Our Risk & Compliance Officers work on a roster providing support to a later shift (2pm to 10pm shift) to cover time zones Monday to Friday and on weekends, and that is supervised (on an escalation basis) on a rota across all Risk & Compliance Lawyers/Managers/Counsel (including this role).
The primary focus of this role will be conflicts resolution and related policy work, including:
- Advising partners, fee earners and the Risk & Compliance Team on potential conflicts of interests, confidentiality and disclosure issues.
- Liaising with and assisting the Compliance Teams at Norton Rose Fulbright Member Firms in Australia, Canada, USA and South Africa in conjunction with potential conflicts.
- Assisting the Heads of Compliance and Risk & Compliance Counsel (Conflicts) in managing conflict and other business acceptance and regulatory issues including directorships and trusteeships, client relationship letters, arbitral appointments, other risk management and other compliance queries.
- Reviewing engagement and relationship letters, panel appointments and non-disclosure agreements produced by clients, and advising as to their acceptability; Monitoring and reviewing the wording of our standard form engagement letters.
- Help partners and fee earners to understand their duties under the SRA Standards and Regulations, Economic Sanctions laws/regulations, Market Abuse Regulation, External Appointments, other applicable laws/regulations and NRFLLP's risk management policies.
- Producing monthly risk reports for senior management in conjunction with others.
- Assisting with and delivering wider compliance projects, including the review of NRFLLP policies, procedures and practice notes.
- Assisting the Risk & Compliance Managers and Team Leaders in training, mentoring and developing the Officers and other members of the Compliance team.
Other tasks that you may be required to assist with:
- Reviewing documentation provided by potential clients in order to ensure compliance with Money Laundering Regulations and local AML/CTF laws; advising fee-earners on relevant requirements.
- Assisting fee-earners with their obligations under the Bribery Act and on accepting or giving gifts.
- Understanding and advising fee earners on the implications and effect of economic sanctions.
- Monitoring the development of compliance obligations world-wide.
- Auditing fee-earner files in conjunction with the Head of Compliance.
- Monitoring and managing insider information and managing the dealing database.
- Reviewing and updating the Firm's risk management policies and procedures, Best Practice.
Skills and Experience Required
- Be a qualified solicitor, REL or RFL, or qualified in Australia, New Zealand, Canada, South Africa or the United States.
- Have a minimum of 2 years' experience of working as a fee-earner in a commercial law firm or in the regulatory area in a similar international legal practice.
- An awareness of English professional conduct requirements and experience of applying English conflicts rules and laws and a working knowledge of US conflicts rules is desirable.
- Be highly intelligent and have excellent commercial judgement.
- Analytical thinking; with strong communication skills with experience of operating in a multi-cultural environment.
- Have sufficient influencing skills to work successfully & confidently at all levels including with senior management and partners.
- Be sufficiently confident to exercise risk-based judgement calls on a daily basis.
- Be fully conversant with the lawyer's primary duties as to confidentiality and client care.
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