Analyst: AML Investigations Business Bank _Pipeline

Capitec Bank; Sandton; On-site; ZAR 300 000 - 500 000; Full time

Job summary

A financial institution in Sandton seeks an experienced AML Investigator to manage operational activities in compliance with legal standards. You will conduct investigations into suspicious transactions, perform due diligence, and manage reporting processes. The ideal candidate has 2-3 years of investigative experience in AML and is familiar with relevant legislation. A Grade 12 certificate is required, while a Bachelor's in Risk and Compliance is preferred. Join our team to contribute to significant regulatory compliance efforts.

Qualifications

• 2-3 years of investigative experience in a business banking or AML environment.
• Experience in collating and analyzing information for decisions.
• Ability to interpret and apply regulatory requirements.

Responsibilities

• Execute daily operational activities within the Business Bank AML Operations environment.
• Conduct investigations of suspicious transactions and perform name and payment screening.
• Report on findings and ensure compliance with legal requirements.

Skills

Investigative skills

Analytical skills

Understanding of KYC

Knowledge of legislation

Report writing

Education

Grade 12 National Certificate / Vocational

Bachelor's Degree in Risk and Compliance

Tools

Microsoft Excel

Microsoft Word

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

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!