Senior Risk & Compliance Lawyer, Conflicts

Posted 22 June by Norton Rose Fulbright LLP

The Team

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 is required 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 Risk & Compliance Team is responsible for overseeing compliance with those rules in order to avoid penalties or other sanctions and damage to our reputation.

The Role

We are looking for a senior solicitor/lawyer with considerable conflicts and general compliance experience 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 the work will be internally focused, there is the possibility of being involved with client facing work. Some domestic or international travel may also be required in future when travel restrictions are eased.

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).

This is a dynamic and varied role in a supportive and friendly global team. It involves engaging directly with the Practice daily, as a senior trusted advisor, on issues relating to conflicts, client terms and general compliance queries and undertaking the following(non-exhaustive) tasks:

  • Evaluate and advise on legal and regulatory risks presented by the firm's new and existing business;
  • Provide senior level advice to partners and senior management on conflicts and regulatory issues;
  • Assisting with complex risk decisions relating to conflicts issues, including in connection with different ethical rules that apply across the verein, and balancing the firm's regulatory obligations together with its strategic and commercial goals.
  • Assisting the Head of Risk & Compliance for UK and Europe and the Risk & Compliance Counsel with implementing compliance processes that operate effectively across the firm.
  • Supervising and mentoring more junior members of the team and being responsible for their development.
  • Stay abreast of SRA regulatory developments affecting Norton Rose Fulbright's business.
  • Management and development of systems, procedures and internal knowledge resources in relation to conflicts and general compliance issues.
  • Providing guidance to the business and junior R&C colleagues on the review of 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.
  • Play a key role in the continuing development and management of the firm's global reputational risk processes;
  • Lead or collaborate on various Risk and Compliance or firmwide projects requiring input from a risk and compliance perspective;
  • Provide ad hoc advice on a day-to-day basis on conflicts and regulatory risks to the firm and the firm's COLP; and
  • Contributing to the promotion of a risk management culture throughout the firm, including facilitating training sessions for the Practice and other Business Services teams.

Skills and Experience Required

  • Qualified Solicitor, REL, RFL, or qualified Barrister or Solicitor in Australia, New Zealand, Canada, South Africa or the United States, with 5 to 8 years qualified experience in an international law firm or in-house in a regulatory/general counsel area.
  • Ability to analyse highly complex legal issues.
  • Strong relevant experience of advising on conflicts and regulatory issues.
  • Fully conversant with English professional conduct requirements.
  • Strong initiative. Anticipates needs of clients, partners, CCO and proactively looks at ways to deliver effectively and efficiently and adding value wherever possible.
  • Analytical thinker, with strong communication skills and ability to articulate arguments clearly and succinctly.
  • Strong written and oral communication skills.
  • Strong influencing skills to work successfully and confidently across the partnership, senior management and firm, in a culturally sensitive manner.
  • Experienced in using own judgment and exercising risk-based judgement calls on a daily basis. Able to prioritise effectively.
  • Highly motivated and flexible in approach to work based on business and client demands.
  • Lateral thinker able to overcome obstacles under time pressure and able to balance the firm's legal obligations with its business needs.
  • Discreet and professional approach given confidentiality of information.

Law around the world

Reference: 43120908

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