Our client, a London based Professional Services firm is seeking to hire a Conflicts Analyst to join their London office.
About The Company
The firm employs over 4,000 staff, including 2,800 lawyers and is one of the largest, fully-integrated law firms in the world.
They advise many of the largest and most ambitious organisations across all major regions of the world. The firm’s reputation for providing outstanding legal expertise is thoroughly deserved: they are globally pre-eminent in all forms of dispute resolution and an international leader in corporate and finance. The firm is one of the world's top-ranked energy and resources firms. They offer our clients a top-tier capability across a single global platform with a distinctive focus on industry sectors and an unparalleled depth of expertise.
About The Role
The New Business Intake team has overall responsibility for ensuring all of the processes involved in taking on a new client/matter are adhered to and in accordance with the firm's risk management procedures. These include carrying out conflict checks for the for the firm's other offices, client approval, matter inception, anti-money laundering checks, tracking of client retainers, monitoring information barriers and recording of referrals; liaising where appropriate with support in the International
The Conflicts Team consist of 7 team members in London (including the Conflicts Manager) and 5 team members in Sydney, Australia and in the London office forms part of the New Business Intake (NBI) team (as outlined above). The team is responsible for conflict checking, information barrier set up and sanctions screening. The London team operate between 9am - 9pm Monday to Friday and 7.30am - 3.30pm Saturday and Sunday as well as public holidays. A successful candidate will need to offer flexibility to ensure cover is provided when required.
The duty of loyalty owed to a client prohibits a law firm from representing any other party with interests adverse to those of a current client, with few exceptions. The firm is involved with multiple clients with multiple interests; the interests of one client could be at odds with the interests of another, and a "conflict of interest" can occur as a result. The role will involve conducting conflict checks, i.e. gathering information to prevent the firm from unknowingly acting where there is a "conflict of interest".
An information barrier is an internal "wall of silence" established within the firm in order to deal with confidentiality requirements and seeks to ensure that conflicts of interest do not arise. The role may include assisting with the setup, administration and monitoring of the firm's information barriers.
In addition, the role involves performing sanctions searches and may involve assisting other teams within the NBI team, particularly in the areas of new client due diligence, retainers, file opening and anti-money laundering (AML).
Responsibility for conducting conflict checks:
- Performing searches utilising internal and external data sources;
- Reviewing all searches prior to sending the results to the requestor in order to ensure the accuracy and completeness of the search;
- Analysis of the reports in order to ascertain where there is a conflict of interest, and to clear the transaction to proceed where appropriate. Understand and identify wider risk and reputational and conflict issues at client take on stage;
- Communicating with partners and staff regarding conflict check results/process;
- Performing searches of newly sanctioned entities from HMT, OFAC and other sanctioning bodies, utilising in-house databases in order to ascertain if the company should act for or in relation to a newly sanctioned entity and escalating as appropriate.
- Potentially providing assistance and cover for the Conflicts Manager and other NBI team members as required. Likely assistance may be in the following areas:
- Carrying out due diligence on new clients by using a variety of different research tools (mostly web-based);
- Assisting with the file opening procedure;
- Other ad-hoc requests relating to New Business Intake processes.
Skills, Qualifications & Experience
- Ideal candidates will be educated to degree level preferably with a law degree /or qualified in KYC/Compliance and have worked in a professional services environment in this field for a year. However, the firm will consider candidates with more or less experience providing they can demonstrate the required competencies'.
- Excellent research and analytical skills.
- Ability to prioritise workload.
- Excellent attention to detail and accuracy.
- Ability to manage multiple tasks simultaneously.
- Excellent verbal, written and face to face communication skills with a variety of staff including senior partners and legal PA's.
- Sound working knowledge of Microsoft Word and Excel.