Compliance Officer for Legal Practice

12 Sep 2019
19 Sep 2019
Contract Type
Full Time
The Director of Compliance will:
  • Be a key member of the Executive Management Team.
  • Contribute to the development of the Company's Strategy and the implementation of the Company's Business Plan.
  • Be responsible for ensuring the company meets all of the requirements of the Solicitors Regulation Authority (SRA) and other regulators as may be appropriate

Key Responsibilities:

Act as the principal channel of communication between the company and the SRA regarding compliance.

To be registered with the SRA as Compliance Officer for Legal Practice (COLP) and Anti Money Laundering Compliance Officer.

Update the company board and shareholder board on the status of the company's compliance arrangements, issues and proposed responses to alleged breaches of rules, regulations and policies; and advise of impending and proposed changes regarding the company's compliance obligations

Maintain a full risk register for the benefit of the company board and shareholder board to be considered on a monthly basis.

Promote, monitor and ensure a culture of regulatory compliance within the company ensuring appropriate sharing of information such as changes to processes, systems and procedures to ensure consistency of approach.

Develop, maintain, review and implement proper processes, systems, policies and procedures for prevention, identification, reporting and enforcement of risk management and compliance including a central register of all compliance failures.

Direct compliance issues to the appropriate resources for investigation and resolution, collaborating as necessary with others, such as HR, IT, the Compliance Officer for Finance and Administration (COFA), the Money Laundering Reporting Officer (MLRO) and the Data Protection Officer (DPO).

Monitor, record and report any breaches of compliance whether material or non-material (either individually or as part of a pattern), as necessary in compliance with the requirements of the SRA and other regulatory bodies.

To attend all Company Board meetings and other company meetings as may be required.

Ensure the company has a comprehensive and effective compliance training programme so that everyone is aware of their responsibilities in respect of compliance and risk.

Keep up to-date with regulatory and compliance changes and ensure updates are disseminated to all members of staff, as appropriate, and relevant policies and procedures are kept up-to-date.

  • Experience of being COLP and of managing the compliance function of a legal business
  • A qualified lawyer of England or Wales, a registered European lawyer (REL), or a European lawyer regulated by the Bar Standards Board
  • Applicants must be able to satisfy the criteria set out in the SRA Suitability Test 2011 (as updated from time to time) for the role of COLP
  • Authorised to do one or more of the reserved activities specified in the company's certificate of authorisation

With this role there will be the opportunity to work from home a couple days a week.

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