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Compliance Internship

Cytonn Asset Managers Limited (CAML), is the regulated affiliate of Cytonn Investments Management Plc, and is licensed as a Fund Manager by the Capital Markets Authority and the Retirement Benefits Authority. The company is also a licensed Real Estate Investment Trust (REIT) Manager under the Capital Markets Authority. Our objective is to offer superior risk-adjusted investment returns to our clients through investments in both the public and alternative investments markets.

Cytonn Investments Management Plc (CIMP), is an alternative investment manager, with real estate development capability, and a primary focus on private equity and real estate investments in the high growth Kenyan Region. CIMP has presence in East Africa, Finland and the US.

CAML & CIM investors include global and local institutional investors, individual local investors, and diaspora investors.

The company is looking to employ an energetic, passionate, creative and hardworking individual looking to join the team as a Compliance Intern. 

Responsibilities

1. Assist in ensuring that applicable regulations are adhered to by the business and support functions through dayto-day monitoring and regular review to ensure compliance with existing legislation, regulations and internal policies, processes, documentations and controls.
2. Assist in ensuring that compliance risks are identified, assessed, controlled and enforced.
3. Assist in identifying suspicious transactions and reporting of these transactions to the Money Laundering Reporting Officer without tipping off.
4. Assist in reviewing company processes/operational manuals and systems to ensure that they are regularly updated to meet the set regulations, policies and all other requirements such as mandates, escalations, controls etc.
5. Assist in identifying areas of compliance weakness and recommend remedial measures in consultation with the assistant manager, risk and compliance
6. Follow up with the various stakeholders on closure of the Compliance Gap Analysis/Tracker.
7. Any other duties that will be assigned from time to time

Requirements

1. A Second Class Upper Degree in Finance related field, Bachelor of Laws, Bachelor’s degree in a business or related field.
2. Understanding of Regulations and Laws. Develop a solid understanding of relevant laws and regulations applicable to the industry. Stay updated on changes in legislation and compliance requirements
3. Analytical Skills. Ability to analyze complex information and identify compliance issues. Conduct thorough research to interpret and apply regulatory requirements.
4. Attention to Detail. Demonstrate a high level of accuracy and attention to detail in reviewing documents and data. Identify inconsistencies and discrepancies to ensure compliance.
5. Organizational Skills. Manage and organize compliance documentation and records. Prioritize tasks effectively to meet deadlines and respond to compliance inquiries.
6. Adaptability. Adapt to changes in regulations and internal policies. Learn quickly and adjust strategies to ensure ongoing compliance.
7. Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).

Learning Opportunities

This internship offers an excellent opportunity to gain practical exposure to regulatory compliance within the financial services and asset management industry. The successful candidate will learn how regulatory requirements are implemented in practice, assist in monitoring compliance with applicable laws, regulations and internal policies, participate in compliance risk assessments and controls and gain hands-on experience in anti-money laundering (AML) and suspicious transaction monitoring. The role also provides valuable exposure to corporate governance, internal controls, compliance audits, policy and procedure reviews and the management of regulatory obligations within a regulated institution. The intern will also develop strong analytical, research, reporting, stakeholder management and problem-solving skills while gaining insight into asset management operations, collective investment schemes, ethical decision-making, and the practical application of risk and compliance frameworks in a leading financial services organization.

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