Latham & Watkins, a global law firm consistently ranked among the top firms in the world, is seeking a Compliance & DAC6 Lawyer join our dynamic team in Manchester. The Compliance & DAC6 Attorney (“DAC6 Attorney”) is a specialist compliance lawyer within the Office of General Counsel and supports the DAC 6 compliance programs in multiple offices across the firm and serves on special projects on an as-needed basis. The role focuses on the firm's compliance with the 6th version of Council Directive 2011/16/EU on administrative co-operation in the field of taxation (DAC6) and implementing legislation in the EU.
The DAC6 Lawyer will also support the Senior Compliance & Ethics Attorneys and be involved in other projects as needed relating to financial crime, compliance, ethics, risk management or professional conduct, for example relating to the Criminal Finances Act and vendor due diligence.
The DAC6 legislation has retrospective effect which means that the DAC6 Attorney will be involved in (i) the analysis and reporting of historic matters back to 25 June 2018, and (ii) matters reportable after 1 July 2020, to include:
- assisting with gathering of data for historic matters which are potentially reportable since 25 June 2018, analysis against hallmarks of any matters with a cross-border element, recording all relevant information and notification of all reportable arrangements to the relevant tax authority by 31 August 2020; and
- designing and implementing a process for identifying matters with a cross-border element, both at matter opening and if applicable during the matter, assessing the arrangement against the hallmarks, recording all relevant information and reporting where appropriate.
Essential Duties and Responsibilities
“Essential duties” are those that an individual must be able to perform with or without reasonable accommodation.
- Working closely with the DAC6 Task Force to test software for the identification, assessment, recording, and notification of potentially reportable cross border transactions.
- Taking the lead role in implementation of the software across the firm.
- Extracting relevant historical matter information from the firm's records to assess, record, and notify any reportable arrangements which are identified within the time limits.
- Understanding and becoming a subject matter expert on the reporting regime and best practice not only in the UK, but also in France, Germany, Spain, and Italy, undertaking analysis and submitting reports and maintaining appropriate records.
- Developing appropriate training materials and rolling out practice area specific DAC6 training programme across the firm (some travel may be required).
- Assisting partners and fee earners in administration related to DAC6.
- Being the point of contact for DAC6 queries.
- Identifying information which is subject to legal professional privilege (LPP) and discussing with the relevant partner to ensure that the taxpayer is notified of their own reporting obligations report (or need to waive LPP) and ensuring that any information not covered by LPP is still reported within the time limits.
- Checking reports submitted by other intermediaries or relevant taxpayers, assessing whether the reports accord with the firm's assessment and recording the relevant tax reference.
- Liaising with HMRC and other EU tax authorities as required.
- Liaising with the DAC6 Taskforce.
- Assisting with other projects as needed relating to financial crime, compliance, ethics, risk management, or professional conduct.
- Commercial or tax law experience in a law firm or in-house role
- Experience in a compliance or risk management role is an advantage
- Training experience is an advantage
Knowledge, Skills, and Abilities
- Thorough understanding of DAC6, the Regulations and European legislation, and their application to all Latham offices, including if relevant transactions undertaken in offices outside Europe such as those in the US, the Middle East and Asia
- Some working knowledge of tax law is an advantage
- Understanding of commercial transactions and legal documentation
- Research and drafting skills
- Strong communication skills, both written and verbal
- Organizational skills needed to manage time well, prioritize effectively, and handle multiple deadlines; ability to handle multiple projects simultaneously
- Demonstrates initiative, self-motivation, and an ability to work independently
- Ability to work in a team environment with a customer service focus
- Ability to handle confidential information with the appropriate discretion
- IT literacy, including Excel, Office and Word
- Promotes effective work practices, works as a team member, and shows respect for co-workers
- Exhibits an advanced ability to perceive and analyze problems and develop alternative strategies to solve them
- Well developed and professional interpersonal skills; ability to effectively interface with lawyers, management, support staff and outside contacts. Ability to influence and persuade, to deal professionally with delivering difficult messages
A key to Latham’s success and our continued ability to deliver the highest quality service to our clients is our “one-firm” culture – a spirit of teamwork and shared commitment to quality across our offices worldwide that has long distinguished Latham from other law firms.
We encourage you to apply!
Successful candidates will not only be provided with an outstanding opportunity, 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 health insurance as well as group income protection and life assurance, a pension plan, wellness programs, employee discounts and more.
Latham & Watkins is an Equal Opportunity Employer. Our commitment to diversity, equal opportunity and sustainability enables Latham & Watkins to draw from a remarkable wealth of talent to create one of the world's leading law firms.