AML Regulatory Manager

Requirements of the role

Anti-Money laundering (AML) is one of our key corporate priorities. To regulate effectively in this area, we have a specialist proactive AML team to ensure we meet statutory obligations and the expectations of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS).

We are looking to add an AML Regulatory Manager to the team who will have a key role in conducting visits and on-site reviews at high-risk firms. Reporting into the AML Proactive Team Manager, this post will be responsible for carrying out project work to consider and respond to emerging risks within the legal sector in relation to AML and countering the financing of terrorism (CFT). This will require proactive engagement with SRA directorates, regulated firms, individuals and other stakeholders to address AML risk across the legal services market. The aim of this proactive work is to reduce the likelihood of money laundering occurring and the impact on the public and those we regulate.

AML project work is likely to include:

proactive engagement with individuals and firms
collecting and analysing information about AML, Sanctions and CFT risks and sharing this information with the public, the profession and SRA staff
producing helpful guidance and other resources for firm
assurance visits to assess firms’ compliance with our Handbook and the money laundering regulations
engagement with stakeholders such as other regulators, OPBAS and local law societies ​
speaking at and participate in a programme of topical seminars, workshops, and external conferences.
carrying out work to assess firms’ compliance with on financial sanctions.

The AML Regulatory Manager will be expected to drive new and innovative ways of working to continuously improve the team’s processes and the way we work, leading to consistency of decision making and use of CRM for the team.

To succeed in this role, it is essential you have the following:

Experience of reviewing AML documentation and engaging with law firms about AML compliance
The ability to demonstrate a good commercial awareness and understanding of the legal profession through project work, or relevant law firm experience
Knowledge and understanding of anti-money laundering and terrorist financing legislation and procedures
Proven ability to prioritise, plan and deliver projects in a dynamic team where priorities may change at short notice
Excellent communication skills (verbal and written) and the ability to explain complex issues succinctly and with clarity
High attention to detail, ability to analyse large amounts of complex quantitative and qualitative information and make sound judgements based on clear rationale

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