Technical Expert - Forensic Investigations at Capital Markets Authority (CMA)

REF: DCS /TE/01/ 2017 –CONTRACT

Reporting to the Manager, Investigations and Enforcement, the Technical Expert – Forensic Investigations will undertake the following:

1. In liaison with the Manager Investigations and Enforcement, support the development and implementation of the investigation strategy and methodologies for the section
2. Build capacity of the Unit especially in forensic investigations and ensure knowledge transfer within the contract period
3. Supervise investigations to establish capital market violation (including financial statement fraud and market manipulation) occurrence and gather relevant documents and testimony from involved parties
4. Conduct forensic reviews of complex financial, accounting and trading records and coordinate interviews with suspects, prepare actionable reports on findings and support enforcement unit, external lawyers and prosecutors by offering expert testimony where applicable
5. Develop work-plans to detect, deter or respond to reports of illegal activities in the capital markets. Review complaints received regarding violations of capital market rules and regulations such as unauthorised trades, financial statements fraud, market manipulation and insider trading to establish whether the elements of the offense can be evidenced in order to inform decisions on applicable Sanctions
6. Review investigations reports and evidence on financial statement frauds and market violations reported and provide recommendations on actionable evidence
7. Liaise with the relevant government enforcement agencies; Registrar General, Commission on Administrative Justice, Directorate of Public Prosecution, Ethics and Anti-Corruption Commission, National Police Service, Capital Markets Fraud Investigation Unit and the Directorate of Criminal Investigations with regard to investigations and recommendations for possible criminal actions in cases where warranted
8. Control field work forensic Investigations on non-compliance with the capital markets regulatory framework and organise field investigations to ensure quality reporting and timeliness
9. Investigate complaints raised by investors, market players or any other stake holder against licensed market intermediaries and listed companies
10. Review surveillance reports and inspection reports to identify violations of the Capital Markets Act and Regulations and initiate timely investigations on alleged improprieties

Minimum Requirements

1. Bachelor’s degree in Law, Finance, Economics or any other related field
2. Possess an accounting qualification CPA(K) or equivalents
3. Professional forensic qualification such as CFE or equivalents is an added advantage
4. Membership to relevant professional body is an added advantage

Experience:

Minimum of six (6) years relevant work experience preferably in forensic financial audits in the financial sector.

Key skills, Knowledge & Competencies

1. Strong understanding of possible Financial Statement Frauds Schemes and Capital Markets Fraud Schemes
2. Strong understanding of the Kenyan legislative and justice system
3. Strong skills in investigations, interviewing skills, examination of documents, analyzing of data as well as efficiency and objectivity in reviewing investigations reports
4. Strong presentation and communication skills including ability to develop proposals, concept papers, position papers as well as investigation reports
5. Proficiency in computer applications such as Microsoft Word, Excel, Access, PowerPoint and Outlook express including financial and statistical packages
6. High level interpersonal and cross-cultural skills including ability to build alliances and collaborative relationships with sensitivity to diversity
7. Ability to maintain high standards of integrity; establish straightforward, productive relationships
8. Ability to treat individuals with fairness and respect, demonstrating sensitivity for ethnic, cultural and gender differences
9. Knowledge of strategic management, project planning and budgeting, resource management, implementation as well as monitoring and evaluation
10. Ability to develop and implement performance management systems, giving candid performance feedback, rewarding desirable behaviors and providing support to professional development efforts linked to strategic objectives
11. Ability to empower staff by removing obstacles hindering the achievement of strategic objectives, focusing and deliver results and delivering what is promised, on time and within budget
12. Ability to conceptualize, innovate, plan and execute ideas and to transfer knowledge and skills
13. Ability to deliver results and to manage change
14. Ability to transfer knowledge to team members

Terms of Employment

This is a One -Year Contract with attractive remuneration and benefits renewable at the option of the Authority