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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below

Purpose Statement

Combat financial crimes by owning the due diligence portfolio from within the AML Centre of Excellence, serving Retail, Business Bank and Insurance pillars of Capitec.

The due diligence portfolio includes client due diligence (CDD), enhanced due diligence (EDD), ongoing due diligence (ODD), sanction screening, politically exposed persons (PEP).

Oversight and guidance to AML operational environments in aligning due diligence processes to meet the Risk and Compliance Management Programme requirements.

Research and innovate the client due diligence processes the organisation applies.

Must be able to drive and implement a data driven approach to due diligence.

The ideal candidate will bring

Qualifications:

Bachelor's Degree in Legal or Compliance or Risk Management or Auditing or Business Commerce (Minimum) and/or A relevant tertiary qualification in Financial Crime would be an advantage

 

Knowledge:

Legislation regarding money laundering control, combating of terrorist financing, proliferation financing, sanctions and regulatory reporting.   Business and commercial awareness   Understand ML/TF/PF and sanctions risks in a financial institution   Understand risk associated with business entities as clients  Knowledge of ML/TF/PF and sanctions risk associated with foreign exchange and cross border instruments  Experience

MINIMUM

At least 8 years' relevant AML experience(EDD, transaction monitoring etc.) within a financial / banking environment

At least 2 years’ experience in a business banking environment

AML regulatory requirement experience and proficiency 

What you will be doing

Due Diligence

Drive innovation, review and assess due diligence processes and procedures, (CDD, EDD, ODD) from within the AML Centre of Excellence. Identify areas for improvement and lead process improvement initiatives as sponsor to enhance the effectiveness and efficiency of due diligence processes. Liaise with various stakeholders, to implement necessary changes. Keep abreast of the latest regulatory requirements and international best practices related to due diligence.

Compliance

Review and propose amendments to compliance policies and standards Lead the implementation of process changes due to policy amendments

Strategy and Direction

Develop a data-led, future-fit due diligence strategy. Operate as a project sponsor or sponsor-representative in formalised projects

Collaboration and Stakeholder Management

Liaise with different first line and product stakeholders to implement changes and enhance process effectiveness and efficiency. Collaborate with different teams to share knowledge, insights and best practices related to anti-money laundering (AML), counter-financing of terrorism (CFT), counter-proliferation financing (CPF) and counter-financial crime in general. Additional Responsibilities Monitor emerging trends and best practices related to AML/CFT/CPF and share insights with relevant stakeholders. Support in risk assessment on new products, services and enhancements to channels. Assist the business to tailor new products and services in a manner that prevents financial crimes. Conditions of Employment Clear criminal and credit record

Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.