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  • Posted: Apr 8, 2024
    Deadline: Not specified
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    Dry Associates is the largest issuer of Commercial Paper & Corporate Bonds in East Africa Private Wealth Management includes managing onshore and offshore assets through individualized portfolio structuring


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    Legal Officer

    Position Overview:

    • The Legal Officer plays a pivotal role as corporate counsel at Dry Associates Investment Bank, actively advising on all legal matters. This position involves collaborating with management to ensure legal compliance and enhance the overall effectiveness of the company. While the role encompasses various aspects of legal affairs, it primarily focuses on three core areas: Private Wealth, Investment Banking, Compliance, and Litigation.

    Responsibilities:

    Private Wealth:

    • Provide a range of legal services to our Private Wealth clients.
    • Offer legal support in Eldercare services, including trusts, wills, power of attorney, etc.
    • Assist clients with succession and estate planning.
    • Handle asset and real estate conveyancing matters.
    • Prepare contracts and legal documentation.
    • Develop an outreach program to encourage the utilization of the company's legal services.
    • Create monthly bulletins addressing matters of interest to clients, with a particular focus on elderly clients.

    Investment Banking:

    • Collaborate closely with origination and research staff to prepare legal documentation for in-house security issuances.
    • Review legal documentation when external counsel is engaged, especially in transactions where the company acts as a Transaction Advisor.
    • Ensure timely preparation and issuance of continuing reporting documentation for issuers.
    • Navigate legal complexities related to the company's involvement in fixed income and equity issuances.
    • Oversee the legal aspects of listings, securities trading, and private equity transactions.
    • Maintain a systematic check-off system for periodic review of critical legal documentation.

    Compliance:

    • Ensure the company's continuous compliance with rules and regulations governing investment banking.
    • Liaise with regulatory authorities such as the Capital Markets Authority, Retirement Benefits Authority, Financial Reporting Centre (FRC), and the Nairobi Securities Exchange.
    • Monitor and enforce strict compliance with anti-money laundering and terrorism finance regulations.
    • Conduct regular staff training on compliance matters and emerging relevant laws.
    • Conduct due diligence on high-risk clients and those from high-risk jurisdictions.
    • Address evolving compliance requirements, including FATCA and cross-border tax compliance.

    Litigation:

    • Organize and maintain all legal files for accessibility and completeness.
    • Prepare documentary evidence for use by external counsel in litigation.
    • Collaborate with external counsel to expedite cases to a timely conclusion.
    • Attend court sessions and provide regular updates to company management.
    • Develop winning legal strategies in consultation with Company management.
    • Assist in the preparation of witness statements, including those from current or former staff.
    • Familiarize yourself with the Company's professional indemnity insurance and advise on its utilization when necessary.

    Accountabilities:

    • Private Wealth: Generate commissions equivalent to at least three times (3x) the annual base salary by the end of the year.
    • Investment Banking: Maintain a systematic check-off system to ensure periodic review of critical legal documentation for issuers, including CP, bonds, fixed deposit receipt programs, account opening forms, and other legal documentation.
    • Compliance: Ensure the company maintains continual compliance with all relevant rules and regulations, promptly addressing new compliance requirements to avoid any violations.
    • Litigation: Collaborate actively with external counsel to expedite litigation cases, minimizing the impact on the company's resources and reputation.

    Reporting Relationship:

    • The Legal Officer will report to the General Manager, Back & Middle Offices.

    Qualifications:

    • Bachelor's degree in Law (LLB).
    • Licensed to practice law in Kenya.
    • 1 year of legal experience, preferably in the financial industry.
    • Strong knowledge of financial regulations and compliance.
    • Exceptional written and verbal communication skills.
    • Ability to work collaboratively with cross-functional teams.
    • Proactive, detail-oriented, and able to manage multiple tasks simultaneously.

    go to method of application »

    Research Analyst

    • The ideal candidate will be responsible for turning data into actionable insights by recognizing trends and anomalies in multivariate datasets. In order to use these insights for business improvement, this candidate should feel comfortable using their analysis to tell a story.

    Responsibilities:

    • The Research Analyst is primarily responsible for developing the securities analysis required to support the Company’s purchase of investment products. This requires developing original research to guide the Head of Trading, Investment Committee, Unit Trust Department and Pensions Department on profitable investments. The research will include fundamental and technical analysis of stocks, bonds and other investment products. In addition, the Research Analyst shall work with the Lead Research Analyst in origination work supporting the issuance of debt and equity securities.

    Reporting Relationship

    The Research Analyst shall report to the Lead Research Analyst.

    Duties

    The duties of the Research Analyst are varied, but the following are key areas of concentration:

    Preparation of Securities Analysis for the following:

    NSE Stocks

    • Develop and update a quarterly Recommended List of equities for purchase and sale on the Nairobi Stock Exchange.
    • Keep a permanent record of buy and sell recommendations based on a sample KES 10M portfolio which shows profit or loss performance on an ongoing basis. This sample portfolio will reflect the Company’s “house view” on NSE securities.

    Offshore Mutual Funds

    • Review the literature distributed by fund managers to develop a Recommended List of funds for purchase by the Company’s investors.

    International Stocks & Bonds

    • Review all available literature and develop a recommended list of equity and debt securities that would be appropriate and profitable investments for the Company and its clientele. Work closely with the Head of Trading to continually update these recommendations.

    Weekly Report

    • Prepare a Weekly Report which captures the most current information together with commentary on all the above and any other assets under consideration ensuring that it is a useful to company traders and portfolio managers.

    Assist the Research Analyst with Origination Work as follows:

    The Company prepares an Information Memorandum for each Issuer of Commercial Paper (CP), Bonds or Equity. The Research Analyst shall assist in preparation of these documents. In addition, the Research Analyst will assist with preparation of the annual updates of supporting documentation as long as the Issuer remains a client.

    • The Research Analyst shall assist in annual preparation and updating of fact sheets for each Issuer.
    • The Research Analyst shall assist with review and updating all marketing material such as power point slides and literature supporting issuance of fixed income securities so that they are current and being used by the sales staff.
    • As directed by the Lead Research Analyst, the Research Analyst shall work with lawyers, accountants, and other parties to the transaction when preparing an Information Memorandum for an issuance.

    Compile Data on Industry Participants

    For Banks, Deposit Taking Microfinance Institutions and Microfinance companies, compile quarterly data to rank and evaluate comparative financial performance using publicly available data. This analysis will inform the Investment Committee in its selection of qualifying Fixed Deposit Receipt programs. Use Dry Associates’ existing templates.

    For Investment Banks (including Dry Associates), Fund Managers and Stockbrokers, compile semi-annual data to rank and evaluate comparative financial performance using publicly available data. For Unit Trusts, similarly, compile and rank semi-annual data to evaluate financial performance.

    • Assist in preparing fact sheets and other documentation for Dry Associates’ fixed deposit programmes, Unit Trusts and CP programmes.
    • Work with partner banks in supporting Dry Associates’ fixed deposit relationships with periodic calls with management and maintaining and analysing bank financial statements

    Assist in the regular issuance of the following Dry Associates’ communication and public relations commentaries:

    Newsletter(s)

    • Assist in preparing certain sections of a quarterly newsletter.
    • Prepare the Commentary Section of the Weekly Report.
    • Assist in preparing fact sheets and other documentation for the firms’ fixed deposit programmes

    Assist in new initiatives such as the following:

    Private Equity

    • Identify potential PE targets and assist the Lead Research Analyst and Senior Management in growing the transaction pipeline.
    • Work with senior management in the roll out of private equity services.
    • Assist senior management in preparing any Listing Documents supporting the listing of companies on the Nairobi Stock Exchange.

    Assist in preparing monthly Unit Trust performance reports & fact sheets.

    • Work with the Unit Trusts Administrator and Lead Research Analyst to prepare monthly performance reports for the Dry Associates Unit Trusts according to CMA performance reporting guidelines.
    • Assist the Unit Trusts Administrator with timely research & advice on various Unit Trusts investments.

    Accountabilities

    The Research Analyst’s performance shall be evaluated on the following accountabilities:

    • Working with the buy side of the Company, but particularly the Head of Trading to provide current research on local NSE equities and foreign (selected US and international) equities.
    • Ensuring that there are always recommended Franklin Templeton funds for purchase with corresponding research to support those recommendations.
    • Ensuring that there are always recommended international stocks and bonds for purchase by the Company and its clients with corresponding research.
    • Assistance in the preparation of origination documentation.
    • Compiling and evaluating financial performance of banks and other financial entities on a timely basis.

    Qualifications

    • Member of ICIFA
    • Degree in Economics from a highly accredited university.
    • Self-motivated proactive individual
    • With the ability to demonstrate critical and analytical thinking

    Method of Application

    Use the link(s) below to apply on company website.

     

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