Head of Client Control

Overview

Why should you consider joining us? Well, we're on the lookout for a Head of Client Money Control to ensure the integrity of all client money handling globally, not only from an accounting and process perspective but also from a conduct perspective. You will report to the executive board, Chief Financial Officer and Compliance Officer for finance and administration, and you will be of the finance leadership team.

You will also lead a team in the UK and have direct lines to offices from Vancouver to Sydney.

Specifically in the UK, the Head of Client Money Control will be the prime contact person for the regulator including the Solicitors Regulatory Authority in England and Wales.

You will be reporting directly into the CFO / COFA and will be deputy COFA. Peers to the HCMC are the Finance Director - Business Partner, Finance Director - Shared Service Engine Room, Head of Tax & Treasury and Senior Finance Manager – Financial Control, who is responsible for the control of the financial statements. The HCMC is member of the Finance Leadership Team comprising the CFO and his direct reports.

• Supports the CFO / COFA in ensuring compliance with the SRA Accounts Rules in England & Wales and respective client money rules in other jurisdictions
• Identifies risks and articulates mitigants for all matters in relation to client money
• Can identify weaknesses in client money processes and implement practical and sustainable solutions.
• Works closely with various stakeholders, including those in finance, along with fee earners and senior management.
• Supports a culture of accountability and continuous improvement in SRA Accounts Rules compliance.
• Develops and delivers training to fee earners and support staff on client money handling and SRA Accounts Rules obligations.
• Leads regulatory audits.
• Lead the end-to-end SRA transformation programme addressing findings from previous audits and advisory reviews Define programme scope, roadmap, milestones and success measures
• Translate the SRA requirements into practical operating models. This involves designing the governance structure and processes to help achieve SRA compliance. Develop and own the full client money policy and control framework, linking into the Group's overall control framework.
• Managing multiple work streams (governance, risk, controls, policies, culture, system implementation)
• Ensure sustainable change is embedded into the business, as opposed to short term fixes
• Working closely with key stakeholders in the business, reporting into the Compliance Officer for Finance and Administration (COFA)
• Embed a culture of SRA compliance, accountability and continuous improvement
• Provide clear and concise reporting to the Board

• Prior experience with the Solicitors Regulation Authority Accounts Rules in capacity of regulator, investigator, auditor or in a senior position at a law firm. For the avoidance of doubt, experience with management of residual client balances, client bank accounts, office credit balances and breach logs.
• Ability to analyse, assimilate and apply numerical and financial information from a wide range of sources to reach conclusions.
• Ability to apply regulation and rules to cases.
• Working knowledge of Fraud Act, Money Laundering Regulations and the Proceeds of Crime Act.
• Methodical, organised and solutions focussed.
• Inquisitive mind
• High attention to detail, with the ability to analyse complex financial and compliance matters.
• Good overall communicator, orally and in writing, with the ability to operate with authority and credibility with senior stakeholders and the Board
• Proactive in taking ownership of compliance.
• Leadership skills, to manage own team in the UK and with dotted lines overseas
• Excellent programme management and stakeholder engagement skills
• Experience of leading regulatory or compliance transformation programmes within a professional services firm
• Able to influence and create energy around transformation within a professional services business. “Selling the case” to all levels of seniority within the business.
• Experience of working in / with different organisations able to interpret what…