Financial Compliance Legal Executive

Job title:

Financial Compliance Legal Executive

Company

The Law Society of Scotland

Job description

Legal Executive

An exciting opportunity has arisen within the Financial Compliance Team for a Legal Executive (35 hours per week, £32,000).

The Team

The Financial Compliance Department is responsible for the Society’s regulatory work to deliver risk-based supervision of solicitor compliance with the Scottish Solicitor’s Accounts Rules and the Money Laundering Regulations. As such the Department is a key component of the Society’s efforts to protect the interests of clients, the public and the profession.

The Department works closely with regulatory sub-committees who consider the appropriate action (including initiating disciplinary action) in response to identified breaches of the above requirements.

The Department is also responsible for the operation of the Client Protection Fund which pays grants to those who have suffered financial loss as a result of dishonesty by a Scottish solicitor or a member of their staff.

The Role

Reporting to the Solicitor to Financial Compliance, the Financial Compliance Legal Executive will undertake and contribute to a broad range of the Financial Compliance Department’s workload to protect the profession and public including:

• A range of duties relating to the Client Protection Fund including the investigation of claims received by the fund from those who believe they have suffered financial loss by a solicitor or a member of their staff.
• Supporting the work of the regulatory sub-committees through minuting allocated meetings and decisions (or part of), preparing post-committee correspondence with affected solicitors and supporting the processing of complaints authorised by both sub-committees
• Wider Financial Compliance duties including conducting “holding out” enquiries into reported examples of non-solicitors carrying out work reserved to solicitors, work in support of “interventions” by Financial Compliance including where the Department takes control of solicitors client accounts and process review and improvement work.

Key Knowledge, Skills and Experience:

You should:

• Hold a degree level qualification and have experience of working in a legal or regulatory environment.
• Be a problem solver who is able to demonstrate success in change management and process improvement.
• Have excellent communication skills and the ability to build and maintain excellent working relationships with key stakeholders throughout the Society and beyond .
• Be motivated by the opportunity to join and develop in a broad, challenging role with unpredictable and competing priorities

What we offer our employees?

We offer a comprehensive benefits package to support our colleague’s professional and personal needs. Some of these include:

• A hybrid working environment.
• Flexible working, to allow you to work around your lifestyle and commitments.
• 30 days holiday plus bank holidays
• A competitive pension provision scheme
• Excellent family friendly benefits
• Learning and Development opportunities to enhance your skills or through programmes leading to professional or academic qualification.
• Various health and wellbeing benefits such as confidential counselling services, bike to work scheme, eyecare, and offers on well-known brands through Edenred.

The Law Society of Scotland is an equal opportunities employer, and we welcome applications from candidates with diverse backgrounds. We hold an Investors in Diversity Award in recognition of our commitment to advance fairness, respect, equality, diversity, inclusion and engagement within our organisation and the Scottish legal sector. More information can be found on our page.

We are always on the look for new talent to join our incredible workforce. If you are looking for a new opportunity within the society, we would love to hear from you!

If this opportunity sounds like the one for you, click Apply now. NO CV’s or Agencies please.

This vacancy will close at 12 noon on Monday 12th February 2024. It is anticipated that interviews will take place during that week.

Expected salary

£32000 per year

Location

Edinburgh

Job date

Wed, 31 Jan 2024 06:59:25 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.org) you saw this job posting.