Risk and Compliance Lawyer - Newcastle Upon Tyne, United Kingdom - Norton Rose Fulbright LLP

Norton Rose Fulbright LLP

Verified Company

Newcastle Upon Tyne, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

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

Our Newcastleoffice is currently recruiting for a Risk & Compliance Lawyer.

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 pointsof view and believe diversity drives innovation, so we're building a culture where difference is valued.

The Role

The role will report into our London based Risk & Compliance Counsel (Conflicts) but will closely work with the Head of Compliance for UK & Europe and the team's Senior Risk & Compliance Manager to start with, and then with the Senior Risk & Compliance Manager,Head of AML, Risk & Compliance Counsel (Sanctions) and various Senior Consultants as work being done in the Newcastle Hub broadens.

You will work together with the Head, Risk & Compliance Counsel and senior team members to develop the function in Newcastle,remaining open and flexible to different approaches to achieve the best results we can for the business.

Travel between Newcastle and London may be required (more frequently at the beginning to ensure cohesiveness and alignment with the London team).

Some international travel may also be required, on occasion.

Our Risk & Compliance Officers work on a rosterproviding 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 (including this role).

The primary focus of this role will be conflicts resolution and related policy work, including:

Advising partners, fee earners and the 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 riskmanagement and other compliance queries.
Reviewing engagement and relationship letters, panel appointments and nondisclosure 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 Regulation, 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 feeearners 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 worldwide.
Auditing feeearner 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.

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's25 offices and is constituted of approximately 60 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 overseeingcompliance with those rules in order to avoid penalties and damage to our reputation.

Skills and Experience Required

Be a qualified solicitor, REL, 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 feeearner in a commercial law firm or in the regulatory area in a similar international legal practice.
Be highly intelligent and have excellent commercial judgement.

Analytical thinking; with strong communication skills wi