Anti-Money Laundering Compliance Manager

Capitec Client Care; Stellenbosch; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Capitec is looking for an experienced Money Laundering Control Officer who will be responsible for establishing the AML compliance strategy and ensuring adherence to regulations within the banking sector. The ideal candidate will have extensive experience in AML compliance, significant leadership capabilities, and a strong understanding of relevant laws and best practices. This position offers a dynamic work environment, where you'll play an essential role in risk mitigation and compliance strategy.

Qualifications

• 12+ years of experience in AML compliance and financial services.
• Proven team management experience, with strong leadership capabilities.
• Deep knowledge of South African AML and Fraud legislation.

Responsibilities

• Establish the AML compliance strategy and assurance processes.
• Mitigate risk of financial crimes within Capitec.
• Work with various internal and regulatory bodies.

Skills

Analytical Skills

Communications Skills

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

Interpersonal & Relationship management Skills

Leadership Skills

Planning, organising and coordination skills

Problem solving skills

Education

Relevant qualification in Commerce or Finance

Honours Degree in Commerce or Law

Job description

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Date: 18 Jul 2025

Location: Stellenbosch, Western Cape, ZA

Company: Capitec Bank Ltd

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

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• 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, 7+yrs of which include management of a team of specialists within a similar environment.
• Experience of combining and applying deep subject matter expertise with influencing skills and capability to positively impact AML Compliance across and in 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 the South African Money Laundering and Terror Financing Legislation, the FATF Requirements and respective best practices.
• Compliance risk identification, compliance risk assessment and compliance risk monitoring.
• Process and controls development and systems in a compliance, money laundering and risk environment.
• AML/CFT/CPF Laws and regulations applicable to the banking/financial services environment, including AML/ CTF risks associated with foreign exchange and cross border instruments.
• Business acumen and an understanding of business drivers.
• Banking industry.
• Financial and banking regulations.
  
  

Skills

• Analytical Skills
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Leadership Skills
• Planning, organising 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 the achievement of our employment equity goals.

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