Anti-Money Laundering Compliance Manager

Capitec Bank; Stellenbosch; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Capitec Bank seeks a Money Laundering Control Officer to lead AML compliance strategies and ensure adherence to financial regulations. The ideal candidate will possess extensive experience in banking compliance and legislation, alongside exceptional analytical and leadership skills. This role is critical in mitigating financial crime risks and maintaining compliance with industry standards.

Qualifications

• Minimum of 12 years’ experience in legislative and regulatory matters in banking/finance.
• At least 10 years in AML compliance, including team management.
• Deep subject matter expertise in AML compliance.

Responsibilities

• Oversee AML compliance strategy and assurance.
• Mitigate risks of financial crimes for Capitec.
• Engage with regulators and internal forums.

Skills

Analytical Skills

Communication Skills

Computer Literacy

Interpersonal & Relationship Management Skills

Leadership Skills

Planning, Organizing, and Coordination Skills

Problem-solving Skills

Education

A relevant qualification in Commerce or Finance

Honours Degree in Commerce or Law

Job description

Apply by: 20/07/2025

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

• As the designated Money Laundering Control Officer for Capitec, responsible for establishing the AML compliance strategy and providing assurance to the Head of Compliance, Regulators, relevant committees, and internal forums to ensure Capitec is compliant with all relevant AML/Fraud and overarching financial crime legislation, regulations, and internal policies of the business in order to ultimately mitigate risk of financial crimes within Capitec.

Experience

• A minimum of 12 years’ experience leading all matters related to legislative and regulatory requirements within a similar industry; banking and/or finance experience is essential.
• At least 10 years’ proven experience in AML compliance in financial services, with 7+ years including management of a team of specialists within a similar environment.
• Experience of combining and applying deep subject matter expertise with influencing skills to positively impact AML Compliance across a complex and fast-moving environment.

Qualifications (Minimum)

• A relevant qualification in Commerce or Finance

Qualifications (Ideal or Preferred)

• Honours Degree in Commerce or Law

Knowledge

• Deep AML specialist knowledge, including knowledge of South African Money Laundering and Terror Financing Legislation, FATF Requirements, and best practices.
• Compliance risk identification, assessment, and monitoring.
• Process and controls development in a compliance, money laundering, and risk environment.
• AML/CFT/CPF Laws and regulations applicable to banking/financial services, including risks with foreign exchange and cross-border instruments.
• Business acumen and understanding of business drivers.
• Banking industry knowledge.
• Financial and banking regulations.

Skills

• Analytical Skills
• Communication Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship Management Skills
• Leadership Skills
• Planning, Organizing, and Coordination Skills
• Problem-solving Skills

Conditions of Employment

• Clear criminal and credit record

Capitec is committed to diversity, and where feasible, all appointments will support our employment equity goals.