Due Diligence Consultant at Old Mutual

Job Description

• This role will be responsible for third party due diligence investigations to assess and report on risks in relation to Old Mutual policies and to meet regulatory compliance e.g. Anti-Money Laundering and Anti-bribery and Corruption policies/legislation, reputational risk assessments.  The incumbent will assess and report the status, legitimacy and overall reputation of a company, its principles and/or associated individuals.

Job Summary

• This CAPE TOWN based role will be responsible for third party due diligence investigations to assess and report on risks in relation to Old Mutual policies and to meet regulatory compliance e.g. Anti-Money Laundering and Anti-bribery and Corruption policies/legislation, reputational risk assessments.  The incumbent will assess and report the status, legitimacy and overall reputation of a company, its principles and/or associated individuals.

KEY RESULT AREAS

Reduced reputational risk: 

• Focus is primarily on high and medium risk reviews.

Delivered client service:

• Conduct due diligence investigations on individuals, business entities and associated entities, by following the due diligence assessment process. This entails conducting research and sourcing information utilizing a number of internal databases and third party systems.
• Draft due diligence reports by consolidating and collating analyzed information, highlighting potential risks/red flags and making recommendations to senior management.
• Ensure governance and compliance standards are met by recording due diligence assessment outcomes on the case management systems for future reference.
• Prevent potential risks by processing, analyzing and highlighting risk information to stakeholders.
• Highlight system and work obstacles to management by reporting and escalating operational problems and by ensuring maintenance and/or improvement of service delivery to stakeholders.
• Provide forensic investigation support by obtaining and verifying information that could assist forensic consultants in their investigations.

QUALIFICATIONS, SKILLS & REQUIRED EXPERIENCE

• Grade 12
• BCom degree or relevant
• A minimum of 3 years’ relevant experience in a financial services/ insurance environment (insurers and/or banks).
• Good knowledge of the financial services industry and types of products, as well as an understanding of typical performance and risk measures.
• Experience in research methodology, anti-money laundering and anti-bribery and corruption investigations.
• Ability to analyze and interpret financial / transactional data in order to identify typical financial crime typologies / red flags.
• Requires excellent report writing skills.
• Financial risk management / oversight experience would be a distinct advantage.
• Experience in conducting financial health assessments would be advantageous.

Personal attributes 

• Excellent verbal and written communication skills.
• The ability to perform under pressure, related to both time and consequence.
• The ability to interact and work with different teams across a diverse front.
• Strong forward-thinking and analytical skills.
• Pragmatic and numerate.
• Logical thought processes and critical thinking skills resulting in sound judgment.
• Decision-making abilities

Education

• Bachelor Commerce

Closing Date: 29 June 2024