Compliance Officer

About Teams Squared:

We are a team augmentation company dedicated to connecting exceptional remote talent with global organizations.

Job Description:

We are seeking an experienced AML & Compliance Officer to support our client's legal practice, with a particular focus on conveyancing and property transactions. The successful candidate will be responsible for reviewing conveyancing files and providing compliance sign-off on matter risk assessments, client due diligence, and source of funds before matters are escalated to senior lawyers.

This is a hands-on compliance role requiring strong knowledge of AML regulations, KYC/CDD procedures, source of funds and source of wealth assessments, and risk-based client onboarding. The ideal candidate will be confident independently reviewing files, identifying potential compliance risks, requesting additional information where required, and determining whether a matter meets the firm's AML requirements.

Responsibilities:

• Review conveyancing files for compliance with the firm's AML and client due diligence requirements.

• Review and sign off matter risk assessments before files progress to senior lawyer review.

• Conduct and review source of funds (SOF) and source of wealth (SOW) assessments for property transactions.

• Review client identification, KYC, CDD, and Enhanced Due Diligence (EDD) documentation.

• Apply a risk-based approach when assessing clients, transactions, jurisdictions, and funding arrangements.

• Identify inconsistencies, unusual transactions, or AML red flags within conveyancing matters.

• Request additional evidence or clarification where source of funds or client information is insufficient.

• Escalate high-risk matters, suspicious activity, or compliance concerns to the appropriate senior lawyer or compliance lead.

• Conduct AML risk assessments for new and existing clients and matters.

• Assist with suspicious activity monitoring and regulatory reporting processes where required.

• Maintain accurate records of AML reviews, risk assessments, decisions, and compliance sign-offs.

• Develop, review, and maintain AML policies, procedures, controls, and internal compliance frameworks.

• Ensure AML processes remain aligned with relevant regulatory and professional requirements.

• Support internal AML audits and compliance reviews.

• Assist with AML training and promote a strong compliance culture across the firm.

• Conduct due diligence and ongoing monitoring of relevant vendors and third parties.

• Provide compliance reporting and insights to senior management regarding AML risks, trends, and areas requiring attention.

• Work with legal and operational teams to continuously improve AML processes and workflows.

Qualifications:

• 3+ years of experience in AML, financial crime, risk, or regulatory compliance.

• Previous experience working within a law firm, conveyancing practice, property practice, financial services organization, or other regulated professional services environment is highly desirable.

• Strong practical experience reviewing source of funds and source of wealth, particularly for higher-value transactions.

• Demonstrated experience conducting and reviewing matter/client risk assessments.

• Strong knowledge of KYC, CDD, EDD, transaction monitoring, and risk-based AML procedures.

• Experience identifying AML red flags and escalating potentially suspicious activity.

• Strong understanding of AML compliance frameworks and regulatory requirements.

• Experience with FCA, SRA, UK GDPR, or comparable regulatory frameworks is highly regarded.

• Experience drafting, reviewing, and implementing AML policies and procedures.

• Strong analytical skills and the confidence to independently make compliance decisions and provide file sign-off.

• Exceptional attention to detail and ability to identify inconsistencies within financial and client documentation.

• Excellent written and verbal English communication skills.

• Ability to confidently communicate compliance requirements to lawyers, clients, and internal stakeholders.

• Highly organized and capable of managing multiple conveyancing file reviews and deadlines.

• Ability to work independently in a fully remote environment.

Benefits:

• Competitive compensation package in foreign currency

• Fully remote work

• Regular initiatives for training and professional development.

Note: Only candidates who make it to our shortlist will be contacted for further discussions.

Teams Squared is a proud equal opportunity employer. We value diversity and are consistently committed to creating an inclusive environment for all team members.