We are the HM Treasury-designated Anti-Money Laundering Supervisor for Scottish solicitors - as such we have full visibility and remit across the sector, and regularly interact with law enforcement, government departments, and other regulators. We undertake a wide range of supervisory assurance activities to ensure our members comply with their duties and responsibilities under the Money Laundering Regulations 2017 and The Proceeds of Crime Act 2002.
We are genuinely passionate about AML and are committed to being a responsible and effective AML regulator. We have been recognised by HM Treasury as leading best practice in professional body AML supervision – examples include the work we have done to risk assess and profile our supervised population, and our thematic work on Trust & Company Service Provision within the Scottish legal sector which was cited in the UK National Risk Assessment 2020. For a small team, we regularly punch above our weight!
We do not, however, rest on our laurels – we operate in a busy, dynamic environment where no two days are the same and new ideas and ways of working are actively encouraged in order to discharge our supervisory responsibilities effectively and efficiently.
The role we have on offer will primarily focus on undertaking high-quality, risk-based supervisory assurance of our membership – conducting (mostly remote) reviews of the AML policies, controls and procedures at legal firms, along with examining file matters in order to test compliance with the UK Money Laundering Regulations.
You will write up findings into inspection reports and make recommendations to firms on uplifting levels of compliance and (where necessary) refer them to our AML Sub Committee which may result in disciplinary action being taken.
We have worked hard in recent years to develop our risk-based approach to supervision. Central to this has been the implementation of our annual “AML Certificate” –a data collection questionnaire which captures the information necessary to risk-profile our membership. This is an important part of our work which you will be responsible for – maintaining and managing the end-to-end process from design, roll-out, management of communications and queries through to the analysis of information collected and refinement of our risk-based approach to AML supervision across the sector.
Let’s be clear though - this role is far from being “siloed” or “one cog in a larger machine” - this is a unique opportunity which has prominence and visibility across the legal landscape and beyond. We need a good communicator who can work with and influence stakeholders ranging from HM Treasury, law enforcement/NCA, to other supervisors and professional bodies, through to legal firms large and small.
What we guarantee is that the successful candidate and the work they do at the Society can and will make a difference – as an AML supervisor we are in a position to shape and (where necessary) improve AML control across an entire profession.
You will be capable, hard-working, experienced and knowledgeable in AML risk management – particularly with regards to complex due diligence procedures and/or the assurance or audit of key AML controls, within a regulated environment such as Financial or other Professional Services. It also may be that you have prior experience in a “pan-sector” role - perhaps at another AML regulator/supervisor. While legal knowledge is obviously of interest to us, the ideal candidate could come from a wide variety of career backgrounds.
Along with a high level of attention to detail and an ability to manage busy workstacks across multiple projects, successful candidates will also be able to demonstrate experience in data collection, manipulation, analysis and presentation – in order to ensure the smooth running of our annual AML certificate process.
As a small team there are also a variety of smaller, ad-hoc tasks we take collective responsibility for - it is therefore imperative that the candidate is a friendly, team player, who is as passionate about AML, our objectives and “doing the right thing” as we are.
What will I receive in return?
As an organisation our values are respect, openness, progress, inclusion and integrity. We strive to embed these in all our interactions with colleagues, members, stakeholders and members of the public.
Further information on the vacancies can be found on our website by clicking apply now. Please note that only applications submitted in the correct format will be considered.
This vacancy will close at 12 noon on Thursday 4 March 2021. First interviews will take place on 22 March 2021.
All interviews will be via video conference.
No CVs or Agencies please.