Specialist: AML Due Diligence

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.

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, and 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

• 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

• 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.

Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Capitec Bank Limited Reg