Analyst: AML Investigations Business Bank

Capitec Bank; Sandton; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading bank in South Africa seeks a professional for the AML Operations team. The role involves executing essential operational activities, including investigating suspicious transactions and ensuring compliance with AML legislation. Applicants should have investigative experience in banking and a relevant background in risk and compliance. Join Capitec Bank to contribute to crucial operations aimed at combating financial crime.

Qualifications

• 2-3 years of investigative experience in a business banking AML environment.
• Experience with collating and analysing information.
• Understanding of money laundering control and compliance.

Responsibilities

• Execute daily operational activities within the AML Operations environment.
• Conduct enhanced due diligence and investigation of suspicious transactions.
• Implement legal and statutory requirements as per FICA and related acts.

Skills

Analytical Skills

Attention to Detail

Computer Literacy

Planning skills

Organising skills

Reporting Skills

Education

Grade 12 National Certificate / Vocational

Bachelor's Degree in Risk and Compliance

Job description

Purpose Statement

• To execute daily operational activities within the Business Bank AML Operations environment, including enhanced due diligence, investigation of suspicious transactions, name and payment screening, reporting, and quality assurance, thereby implementing and administrating legal and statutory requirements for the Financial Intelligence Centre Act 38 of 2001 (“FICA”), Protection of Constitutional Democracy Against Terrorist and Related Activities Act 33 of 2004 (“POCDATARA”), Prevention of Organised Crime Act 121 of 1998 and all related legislation, within Capitec Bank

Experience

Minimum:

• At least 2-3 year’s investigative experience within a business banking environment within an AML environment
• Experience with collating and analysing information and making decisions based on the information.
• Interpretation and application of regulatory requirements.
  

Ideal:

• FICA exposure within a business banking environment
• Experience in a financial or legal institution or investigative environment

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• Bachelor's Degree in Risk and Compliance

Knowledge

Minimum:

• Legislation regarding money laundering control, proliferation finance and combating of terrorist financing
• Understanding of money laundering means and mechanisms on a global scale
• Understanding of sanctions
• Client due diligence and AML environment.
• Understanding the Risk Management and Compliance Programme and the purpose it serves in AML
• Business acumen
• Know Your Customer (KYC), risk based approach
• Investigation methodology and techniques
• Use of excel and word
• Report writing and evidence gathering
• Business entity structures and related AML requirements

Ideal:

• Client due diligence and investigations on juristic and non-juristic clients.
• Knowledge of commercial banking products, services and channels.
• Knowledge of Trade-based money laundering

Skills

• Analytical Skills
• Attention to Detail
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Planning, organising and coordination skills
• Reporting Skills

Conditions of Employment

• Clear criminal and credit record