Momentum Investment Compliance Internship

Advertiser: Momentum Investments
Location: Sandton

Momentum Investments includes all the investments-related businesses of the MMI Group, which is one of South Africa's largest investment houses offering a wide spectrum of investment services and solutions to both individual and institutional investors. Our services and solutions are offered through our asset management, alternative investments, manager of managers, collective investments, global investments and property investments businesses, as well as various investment platforms.

The purpose of the role is to offer a recent graduate on-the-job-training backed by a mentorship programme and practical work experience.

Work output:
- Exposure to the full investment compliance function
- Assist with responding to alleged violations of mandate rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures.
- Assist with overseeing a system for uniform handling of such violations.
- Assist with monitoring, and as necessary, coordinating investment compliance activities of other departments to remain abreast of the status of all investment compliance activities and to identify trends.
- Assist with all client and statutory reporting requirements (e.g. Solvency II and Pension Funds Act) timeously and professionally with an emphasis on efficiency and accuracy.
- Assist to drive and ensure compliance to Momentum Investments governance, relevant legislation and risk mitigation strategies.

Requirements:
- Relevant B-degree (Investment Management) or equivalent
- South African citizens only
- Anyone interested in applying, please forward your CV with a letter of motivation, Matric certificate, Degree certificates & academic transcripts

Competencies required:
- Excel
- Strong analytical ability
- Willing to learn
- Initiative and pro-activeness / self-starter
- Mathematical ability
- Critical thinking skills
- Conceptual thinker
- Communication skills
- Attention to detail
- Teamwork
- Takes responsibility
- Integrity beyond question
- Continuously seeking to improve
- Independent thinker
- Comprehension skills
- High English proficiency
- High sense of achievement and drive
- Tenacity
- Be prepared to work hard
- Love a challenge
- Creativity
- Good problem-solving skills
- Independence

Closing date: 30 September 2013

Click here to apply
Definitions:

Internship:

There are basically two types of internships:

  • The Undergraduate Internship: Usually with bigger organisations that pick undergraduates to attend the internship. It often takes places during the holidays and the average durations is a few weeks. In most cases the intern will receive some sort of stipend or salary and this type of internship may lead to a job offer to the intern once he / she is finished with their studies.
  • The Graduate Internship: This type of internship could be paid or unpaid and it is to gain practical work experience after the qualification has been completed and in a job related to the qualification. It could be from a few weeks or even one or two years long. This type of internship could also lead to permanent employment.

Learnerships:

A learnership is an occupational qualification and it consists of theory and work-based experience and practical skills, with formal assessment and a qualification. At the end of the learnership the candidate may be offered permanent employment.

In-service training:

In-service training is to gain practical work experience during studies. It usually takes place after a few years of theory has been successfully completed. It is essential work experience that is part of the qualification and the in-service training is necessary to achieve the qualification. It could be paid or unpaid.