ABOUT US

Regulation and Compliance Office Ltd (RACO) is a specialist consultancy supporting law firms with Anti-Money Laundering (AML), risk management, and compliance services. We work with a range of legal practices across England and Wales, helping them meet regulatory requirements while saving valuable time for their fee earners.

ABOUT YOU

We are seeking someone who is:

• Highly organised, with excellent attention to detail.
• Comfortable working to strict legal and regulatory requirements.
• Confident communicating with a wide range of stakeholders, including law firm staff and their clients.
• Skilled in handling sensitive and confidential information.
• Proficient with Microsoft Office and able to learn new systems quickly.
• Familiar with AML, KYC, and due diligence processes (experience in a law firm, compliance, or financial services environment is preferred)

REQUIREMENTS

• Previous experience in compliance, legal support or a paralegal role is preferred.
• Strong written and verbal communication skills.
• Ability to work independently and manage multiple cases at once.
• Understanding of AML regulations and risk assessment processes (training will be provided).

THE ROLE

We are looking for a Client Due Diligence (CDD) & Client and Matter Risk Assessment (CMRA) Officer to join our compliance team. This is a detailed, process-driven role where you will be responsible for carrying out AML checks, verifying client identity, gathering Source of Funds information, and preparing matter risk assessments for law firm clients.
You will work closely with solicitors’ firms, handling sensitive information in a professional, discreet, and organised manner.

KEY RESPONSIBILITIES

• Conduct Know Your Client (KYC) checks in line with the Money Laundering Regulations 2017.
• Perform electronic AML and sanctions checks using firm-provided systems.
• Obtain, review, and verify Source of Funds/Source of Wealth documentation. (training will be provided)
• Complete and submit ongoing Client and Matter Risk Assessment forms for each case.
• Liaise directly with law firms’ clients via email, phone, or online meetings to gather required information.
• Carry out due diligence for both individual and corporate clients, including identifying Ultimate Beneficial Owners (UBOs) and Persons of Significant Control (PSCs).
• Maintain accurate, secure, and up-to-date records of all due diligence work carried out.
• Escalate high-risk cases to the MLRO and/or compliance manager for guidance.
• Ensure all work complies with AML legislation, data protection laws, and client confidentiality requirements.