Enhanced Due Diligence Associate

Job Purpose:

The role of the EDD Associate will be:

Responsible in delivering enhanced due diligence for the Retail Business. The role of Enhanced due diligence is to identify, prevent and create and implement an enhanced due diligence framework to mitigate customer risks borne through services and/or products that we provide to our customers’ vis-a-vis the customer data that we collect. Lack of such a framework can lead to increased opportunities for money laundering or terrorist financing through our services and/or products.


Key responsibilities

Develop and implement an enhanced due diligence framework
Institute controls towards enhanced due diligence
Review of customer information and related transactions, analysing complex data to determine if activity appears suspicious and warrants further investigation by the MLRO
Responsible for conducting initial and periodic reviews when certain events occur that may give raise the risk profile for certain customers
Compile and assess customer due diligence documentation for flagged customers on Sanctioned and watch lists
Analyse politically exposed persons (“PEP”) and prepare accurate reports on the analysis performed and supporting documentation provided
Analyse client profiles and information according to prescribed internal policies and procedures on AML, FATCA, and UFAA and mark them as appropriate for continuous monitoring. the client on-boarding process to ensure that valid FATCA documents are received, validated and clients classified as required in source systems
Identify any inconsistencies/gaps in client information and identify US indicia
Oversee enhanced review of accounts to ensure all are FATCA compliant
Reporting to the relevant stakeholders on all unusual transactions
Marking clients as high risk for continuous monitoring
Filing returns to Regulators based on the set deadline
Investigate and promptly respond to all KYC enquiries
Ensuring that due diligence controls and processes are mapped out and implemented within the affected business functions
Monitoring risks that have been identified in relation to the function and following up with the relevant functions to ensure that compliance is achieved.
Record all incidences in barn-owl or the risk management system as the case may be as well as in CRM.
Ensure maintenance and safety of all documentation relating to identified risk cases.
Custodian of processes and procedures manual for enhanced due diligence for retail life business.


Knowledge, experience and qualifications required

Bachelor’s degree in a business, statistics, mathematics or a related field
Atleast 2 to 3 years of client due diligence experience


Technical/ Functional competencies

Data analytical skills
Data modeling skills
Decision-making –ability to make strategic decisions in a timely and effective manner
High moral and ethical standing


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About Britam

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. Our Mission is to provide outstanding financial services to our customers. Our Vision is to be the most trusted financial service partner. We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.