Analyst : Aml Investigations Business Bank _Pipeline

Capitec Bank Ltd.; Gauteng; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A reputable banking institution in South Africa is looking for an Analyst for their AML Investigations team. The role involves executing daily operational tasks, investigating suspicious transactions, and ensuring compliance with legislation such as FICA. Candidates should possess a minimum of 2-3 years of investigative experience within business banking and ideally hold a Bachelor's degree in Risk and Compliance. The position requires strong analytical skills, knowledge of money laundering legislation, and a clear criminal record.

Qualifications

• At least 2-3 years of investigative experience in a business banking environment
• Experience with collating and analyzing information for decision making
• Exposure to FICA within a business banking environment

Responsibilities

• Execute daily operational activities within AML Operations
• Conduct investigations of suspicious transactions
• Implement legal and statutory requirements for FICA

Skills

Investigative skills

Analytical skills

Regulatory interpretation

Client due diligence

Report writing

Know Your Customer (KYC)

Education

Grade 12 National Certificate / Vocational

Bachelor's Degree in Risk and Compliance

Tools

Excel

Word

Job description

Analyst : AML Investigations Business Bank _Pipeline

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 ("FICA"), Protection of Constitutional Democracy Against Terrorist and Related Activities Act 33 of ("POCDATARA"), Prevention of Organised Crime Act of 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.

• 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

• 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

Conditions of employment

• Clear criminal and credit record

Disclaimer :

This is an ongoing talent pool.

By applying, you are expressing interest in joining Capitec's Risk Management team and will be considered for current or future opportunities as they arise.

We will contact you when relevant roles open up and encourage you to stay connected for exciting possibilities!

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

Capitec Bank Limited Reg.