What are the responsibilities and job description for the Compliance Attorney position at Latham & Watkins?
Latham & Watkins, a global law firm consistently ranked among the top firms in the world, is seeking a Compliance Attorney to join our dynamic team in either our Boston, Chicago, or Washington, D.C. offices. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence.
About Latham & Watkins
Latham & Watkins is a global law firm consistently ranked among the top firms in the world. The success of our firm is largely determined by our commitment to hire and develop the very best and brightest, creating a team that provides our clients with the highest quality of work and service. We are driven by our core values: respect, innovation, and collaboration.
About the role
As a Compliance Attorney, you will be responsible for serving as a leader in the firm’s global compliance team and providing attorney-level support and guidance for firm compliance programs at all levels, particularly in the areas of sanctions and Anti-Money Laundering (“AML”) compliance. You will also co-lead the implementation of the Office of General Counsel (“OGC”) AML Team Strategic Plan. Other key responsibilities include:
- Actively monitoring compliance-related statutory, regulatory, and other developments in each of the jurisdictions in which the firm operates and proactively leading initiatives to update global and local compliance programs in response to such developments
- Proactively engaging and working with firm AML Officers to develop, review, and revise local AML policies, Annual Office AML Reports, and Annual Office Risk Assessments
- Preparing and submitting firm compliance reports to government regulators, including blocking reports to the US Treasury’s Office of Foreign Assets Control
- Actively monitoring the firm’s client engagement and matter intake processes, systems, and forms to ensure they support compliance with statutory and regulatory requirements across the jurisdictions in which the firm operates
- Working with the Risk and Compliance Counsels, leading initiatives to update the firm’s client engagement and matter intake processes, systems, and forms in response to statutory and regulatory developments in the jurisdictions in which the firm operates
- Proactively co-leading the OGC AML Team in implementing and updating its AML Team Strategic Plan; holding regular meetings to maintain progress on Strategic Plan items, assign action items, and monitor progress to completion
- Preparing responses to compliance-related inquiries from firm clients, vendors, external regulators, internal and external auditors, and other third parties; developing and updating protocols, standard responses, and templates for responding to such requests
- Supporting in the preparation for audits by, or other inquiries from, internal auditors, external auditors, and regulators; proactively leading or supporting the development of action plans to address findings and monitor their implementation and effectiveness to prevent future findings
About you
We’d love to hear from you if you:
- Possess the ability to lead others in projects and tasks to a successful conclusion
- Demonstrate initiative, self-motivation, and an ability to work independently
- Exhibit an advanced ability to perceive and analyze problems and develop alternative strategies to solve them
- Have the organizational skills needed to manage time well, prioritize effectively, and handle multiple deadlines simultaneously
And have:
- A Bachelor’s degree and JD from an accredited law school; candidates must be qualified lawyers or are already working towards imminent admission or bar membership
- A minimum of three (3) or more years’ experience in a large law firm or financial institution setting; experience managing global compliance programs
- Admission in the jurisdiction in which their Latham office is located (or be able to become admitted post-hire)
Successful candidates will not only be provided with an outstanding career opportunity and welcoming environment, but will also be provided with a generous total compensation package with bonuses awarded in recognition of both individual and firm performance. Eligible employees can participate in Latham’s comprehensive benefit program which includes:
- Healthcare, life and disability insurance
- A generous 401k plan
- At least 10 paid holidays per year, and a PTO program that accrues 23 days during the first year of employment and grows with tenure
- Well-being programs (e.g. mental health services, mindfulness and resiliency, medical resources, well-being events, and more)
- Professional Development programs
- Employee discounts
- And more!
Additionally, we have a range of diversity programming including Global Affinity Groups. These groups provide a firmwide platform to share experiences and advice as well as an opportunity to participate in a supportive network with common interests to help make life at the firm even better.
Latham & Watkins is an Equal Opportunity Employer. Our commitment to diversity, equal opportunity, pro bono work and sustainability enables Latham & Watkins to draw from a remarkable wealth of talent to create one of the world's leading law firms. Our lawyers, paralegals, and professional staff worldwide comprise a rich mixture of different races, ethnic backgrounds, religions, sexual orientations, cultures, and primary languages. Our diversity makes us who we are.
Latham & Watkins LLP is committed to protecting the health and well-being of our employees and partners, their families, and members of our community against COVID-19. Accordingly, the Firm requires all partners and employees based in the United States to be fully vaccinated against COVID-19. Employees must present proof of full COVID-19 vaccination at the time that a conditional offer of employment is made. This policy is mandatory except for employees with a documented legally permissible exemption for not receiving the COVID-19 vaccine.
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