Analyst: AML Investigations Business Bank _Pipeline

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

Job summary

A leading South African bank is seeking an Analyst for AML Investigations within their Business Bank. The role involves executing daily operations, including investigating suspicious transactions and ensuring compliance with legal requirements. Applicants should have at least 2-3 years of experience in a business banking AML environment and hold a Grade 12 National Certificate, with a preference for a Bachelor's Degree in Risk and Compliance. Knowledge of legislation regarding money laundering and client due diligence is crucial to succeed in this role.

Qualifications

• 2-3 years of investigative experience within a business banking AML environment.
• Experience interpreting and applying regulatory requirements.
• Exposure to FICA within a business banking context.

Responsibilities

• Execute daily operational activities within the Business Bank AML Operations.
• Investigate suspicious transactions and perform name and payment screening.
• Implement legal and statutory requirements for FICA and related acts.

Skills

Investigative experience within a business banking environment

Collating and analysing information

Understanding of money laundering legislation

Client due diligence

Business acumen

Report writing and evidence gathering

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 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

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 46669) and registered credit provider (NCRCP13). Capitec Bank Limited Reg. No: 1980/003695/06