| Travers Smith is a leading full-service law firm, with a wealth of experience in its areas of specialisation. The firm has a market-leading reputation for its international expertise in Asset Management, M&A and Dispute Resolution & Investigations. Clients include asset managers across the alternative asset classes (private equity, venture, credit, infrastructure and real estate), publicly listed and private companies, financial institutions, and other business enterprises involved in large and complex UK and cross-border matters, transactions and disputes. Our purpose is to provide the highest quality of service to our clients whilst enabling our people to achieve professional fulfilment in a supportive, inclusive and enjoyable working environment.
Department - Risk and Compliance Reporting to the Chief Risk and Compliance Officer The Role You will be expected to provide high quality, best in class, firmwide risk and compliance advice and support to the partnership as part of the Risk and Compliance function at Travers Smith, working closely with the Chief Risk and Compliance Office as his deputy. You will proactively contribute to the firm's success by actively seeking to support the firm's risk and compliance framework, advising on legal and regulatory obligations and anticipating the needs of legal and business service colleagues across the firm. Key Responsibilities - Assisting with the day-to-day management of the firms' regulatory obligations under the SRA Standards and Regulations.
- Providing technical, pragmatic and practical advice to partners, other lawyers and business service colleagues on risk and compliance matters.
- Advising on conflict of interest, confidentiality, professional conduct and client care issues, working closely with the firm's Chief Risk and Compliance Officer.
- Assisting with the firm's AML compliance, including advice to lawyers and the file opening team in relation to new client onboarding, client due diligence and matter risk assessments.
- Providing advice and assistance in connection with the management of the firm's insurance programme, including professional indemnity, cyber insurance, D&O insurance and general property and business interruption.
- Assisting in the maintenance of the firm's terms of business and dealing with individual client requests for variations or amendments.
- Monitoring changes and developments in the regulatory landscape and assisting in the preparation of firm wide updates.
- Delivering training to lawyers and Business Services employees on risk and compliance, ethics and professional conduct topics.
- Assisting in the management of any professional indemnity claims or other complaints made against the firm.
- General assistance with other day to day requests to the Risk and Compliance team as needed.
Key Stakeholders - Managing Partner
- Senior Partner
- Chief Risk and Compliance Officer
- Partnership Board
- Risk Committee
Personal Specification - Experience, Knowledge & Skills - At least 7-8 years' post qualification experience, ideally including time working in a risk and compliance role at a law firm.
- Strong working knowledge of SRA regulation and AML regulation.
- Experience in data privacy and claims handling is desirable.
- Strong technical knowledge and an ability to quickly get to grips with complex legal and factual issues.
- Excellent legal and commercial judgment with an ability to balance effective risk management with providing pragmatic advice that recognises the firm's business objectives.
- Ability to engage with Partners and Senior Management with confidence and with an assured approach.
- Ability to build strong relationships with colleagues and external parties.
- Precision, integrity, accuracy and high standards.
- Good communication skills with ability to prioritise.
- Comfortable providing recommendations with confidence to senior level stakeholders, even when there is ambiguity involved.
- Ability to work collaboratively and in a coordinated way with different areas of the firm.
- Ability to manage and reconcile conflicting demands and stakeholders.
- Excellent planning, scheduling, and coordination skills.
- Flexible team player with a 'can do' attitude.
- Ability to work in a fast-paced environment.
- Able to remain calm under pressure and work to tight deadlines.
- Discreet and diplomatic, ability to handle confidential information.
- An interest in continuous professional development and learning.
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