Purpose of the Role
To analyse, identify, measure, monitor, control or mitigate, and report on client conflict and anti-money laundering (AML) risk exposures for the Firm. Assists in ensuring appropriate alignment and implementation of conflict and AML compliance in accordance with the Firm’s policies and procedures.
Experience and Qualifications
Undergraduate degree in business-related field from a recognized University.
Bachelor of laws degree is an added advantage.
Possession of Anti-Money Laundering diploma or Professional certification from an organization, such as the Association of Certified Anti-Money Laundering Specialists (ACAMS), will be a distinct advantage.
At least 3 – 5years’ professional experience preferably within Legal or Financial services
Superb data analysis skills coupled with ability to organize and analyse complex data sets.
Experience with using Doc Fox and Thomson Reuters.
Job Accountabilities:
Conflict and AML Risk Analysis
Performing Conflict Checks for new and existing clients:
Inspecting internal systems to detect client conflict – adverse and related parties.
Drafting conflict search reports based on information sourced from systems and lawyers.
Conducting AML Risk Analysis:
Conducting CDD processes to identify and verify clients – DocFox, Search Works, Who Owns Whom, SA Company Search
Analyse other external data sources – listed exchanges, Bloomberg
Verify client information through external data base.
Establish ultimate beneficial owner of clients.
Conduct adverse media screening.
Establish the existences of related parties.
Performing sanctions screening to ensure that clients do not have any negatives.
Risk rating of clients
Performing enhanced CDD in regard to high-risk clients
Prepare and submit report to conflict search group.
Saving data to central repository
Prepare and submit reports to regulators – cash threshold and suspicious activity reporting.
Keep abreast with new and changing legislation.
Compliance
Identifying, analysing, and prioritizing legislative and regulatory requirements relevant to the Firm.
Assisting in developing and implementing Conflict and AML risk and compliance procedures and policies
Assessing the risk of non-compliance with relevant legislation and propose the implementation of compliance management processes to the Office Managing Partner (Kenya), the Head of Finance and Operations and the Group Head of Risk.
Monitoring internal practices and procedures to ensure compliance with relevant regulatory policies.
Proposes corrective action notices to the to the Head of Finance and Operations and the Office Managing Partner when compliance deficiencies are found.
Working with relevant stakeholders within the Firm to create awareness and encourage monitoring of compliance.
General Support
Ensuring provision of adequate advice, quality opinions, proper support, and education to internal stakeholders in a timely manner to minimize any actual or potential risk for the Firm.
Competencies
Business Perspective
Legislation, Policies, Procedures, and methodologies.
Analytical Thinking
Critical Judgment
Interactive Communication
Relationship Building
Work Ethics and Values
Initiative
Leadership Proficiency Level
Recommends clear and realistic project goals, activities, timelines, deliverables/products, and accountabilities.
Monitors progress, quality of work, and use of resources; provides status updates, and adjusts as needed.
Takes calculated risks within the boundaries set by the organization to achieve goals.
Freely shares knowledge with other employees.
Provides advice to others on how to do the work.
Computer Literacy
Proficient in Word and Outlook
Knowledge of Excel and PowerPoint is an added advantage.
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