Analyst: AML Investigations

Capitec Bank Ltd.; South Africa; On-site; ZAR 350 000 - 500 000; Full time

Job summary

A leading bank in South Africa is seeking an Analyst for AML Investigations. The role involves conducting enhanced due diligence, investigating suspicious transactions, and ensuring compliance with legal requirements. Candidates should have 2-3 years of experience in business banking, analytical skills, and a Grade 12 certification, with a preference for a Bachelor's Degree in Risk and Compliance. The position supports AML operations and requires attention to detail in investigations.

Qualifications

• At least 2-3 years of investigative experience within a business banking environment in an AML setting.
• Experience with collating and analyzing information to make decisions.
• Interpretation and application of regulatory requirements.

Responsibilities

• Execute operational activities within the Business Bank AML Operations environment.
• Investigate suspicious transactions and perform name and payment screening.
• Ensure compliance with the Financial Intelligence Centre Act and other legislation.

Skills

Analytical Skills

Attention to Detail

Computer Literacy (MS Word, MS Excel, MS Outlook)

Planning, organising and coordination skills

Reporting Skills

Education

Grade 12 National Certificate / Vocational

Bachelor's Degree in Risk and Compliance

Tools

MS Word

MS Excel

MS Outlook

Job description

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Analyst: AML Investigations Business Bank_Pipeline

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.

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

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. No: 1980/003695/06