Residual Balances Compliance Paralegal

The role

We are looking for a Residual Balances Compliance Paralegal to join our Risk and Compliance team on a 12 month fixed term contract. The Risk & Compliance team are tasked with delivering the firm’s objectives in reducing risk and achieving across the board compliance with its regulatory and statutory obligations.

The primary role of the Residual Balances Compliance Paralegal is to assist the firm in complying with its regulatory obligation in relation to residual balances. Whilst you will be in the Risk & Compliance team you will also liaise and work closely with the Finance team as appropriate.

There may be the opportunity for the successful candidate to be involved in assisting the Risk & Compliance  team in other areas and therefore be given the opportunity to develop their skills and knowledge in other areas.

Role responsibility

Responsibilities include but are not limited to:

• Reviewing files identified by the Finance Cashier as requiring investigation to establish;

1. What the residual balance relates to
2. To whom it should be returned
3. Recording the reasoning
4. Referring back to the Finance Cashier with instructions for the payment

• Referring files that cannot be resolved to the Risk and Compliance Solicitor together with analysis of findings of initial review
• Carrying out follow up actions as identified by the Risk and Compliance Solicitor
• Providing regular updates of progress to the Risk and Compliance Solicitor
• Providing ad hoc administrative assistance to the team when required

About you

• Previous experience working in a law firm or within the regulatory area
• Interest in law firm risk and compliance
• Strong analytical skills
• Strong communication skills
• Ability to work under pressure
• Excellent organisational skills
• Excellent overall IT skills.

Desirable

• A good understanding of the SRA Codes of conduct for Solicitors and firms  
• Experience in working on client matters and/or reviewing client matter files
• Previous experience working with Elite 3E, File Site, Mattersphere and Accuity.

Benefits

• Competitive salary
• 25 days annual holiday
• Permanent Health Insurance
• Life Assurance
• Interest free Season Ticket Loan
• Private Healthcare
• Pension Scheme
• Staff Introductory Scheme
• Employee Assistance Programme

About us

We are a London based, full-service law firm, specialising in providing straightforward advice to entrepreneurial businesses and individuals on domestic and international matters.

We have grown substantially in recent years, including two mergers and an office move. We’ve also matured in terms of our approach to providing advice to our clients, seeking to simplify and improve the experience of working with a modern, independent law firm.

We’re proud of our journey. Without losing sight of where we’ve come from, we are focused on where we’re going. We are evolving and growing every day. And just like our clients, we are ambitious and moving forward. Many of our clients are entrepreneurial, ambitious enterprises who are often privately or family owned, or private equity backed. We are one of the only London based law firms with a large private wealth offering alongside significant business law capability.

The firm also advises major corporates on particular specialist legal matters who find our straightforward approach a compelling alternative to larger, less personal firms.