Risk Lawyer – Somerset

A top-tier law firm in the Legal 100 is looking for a Risk Lawyer to join their team in Somerset. The primary responsibility of the Risk Lawyer will be to assist in ensuring an effective risk management and compliance service within the firm. You will work closely with the Senior Risk Lawyers and the Risk Director to ensure that the firm’s risk and compliance controls remain effective and robust. Your expertise in risk and compliance matters will be crucial in advising the team on these issues. The firm has a positive work culture, and offers opportunities for growth within a fast-growing compliance team.

Key Responsibilities:

  • Management of the Firm’s claims and complaints in a timely manner, advising on the merits of both and liaising with relevant internal and external stakeholders, (e.g. insurers, Legal Ombudsman).
  • Providing and reviewing regular complaints and claims management information.
  • Managing, supervising and providing support for the Claims Handler.
  • To assist with the management of the firm’s GDPR compliance, including drafting Data Processing Agreements, managing Subject Access Requests and advising on matters of confidentiality and privilege.
  • Reviewing the Firm’s contracts and retainer terms (e.g. Engagement Letter precedents, Terms of Business, contracts of insurance, contracts with suppliers and other third parties).
  • Providing legal advice in relation to risk and compliance matters (e.g. escalated money laundering and sanctions matters, bribery and corruption, FATCA and FCA regulation to the extent it applies to the Firm).
  • Advising on queries arising out of the SRA Standards and Regulations, including the firm’s authorisation and practising requirements.
  • To monitor legal/regulatory developments, and manage their implementation within the Firm.
  • Drafting and reviewing the Firm’s policies and procedures to maintain compliance.
  • Promoting and encouraging professional best practice and innovative business solutions to encourage compliance with regulatory requirements.
  • Assisting with enquiries from the SRA or other agencies as required.
  • To assist with the Firm’s Learning and Development programme in the design and delivery of Firm-wide compliance training; assisting with the update of the Team’s intranet page.
  • To audit client files to review and ascertain that all regulatory requirements are met, and the firm’s internal policies and controls are effective.
  • To assist on ad-hoc compliance projects as required.

Knowledge and skills required:

  • This role requires a qualified Solicitor or Legal Executive with previous PQE experience in litigation.
  • Previous experience in risk and compliance.
  • Good working knowledge of the relevant laws, regulations and codes of conduct applicable to the operation of a law firm, including the SRA Standards and Regulations.
  • Good commercial awareness.
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