Manager : Investigations And Reporting, Business Bank

Capitec Bank Ltd.; Gauteng; On-site; ZAR 60 000 - 100 000; Full time

Job summary

A forward-thinking company in the banking sector is seeking a dynamic Manager for Investigations and Reporting. This role involves leading the Anti-Money Laundering (AML) investigations and ensuring compliance with regulatory requirements. You will play a crucial part in minimizing risks and protecting the bank while managing a team. The ideal candidate will have extensive experience in suspicious activity investigations and a strong understanding of AML regulations. Join this innovative firm to make a significant impact in the financial industry and advance your career in a supportive environment.

Qualifications

• At least 6 years' experience in Suspicious Activity Investigation & Reporting.
• Knowledge of AML regulations and compliance landscape.

Responsibilities

• Lead the Anti-Money Laundering investigations and reporting function.
• Minimize AML risk and ensure effective payment monitoring.

Skills

Analytical skills

Interpersonal and relationship management skills

Planning, organizing, and coordination skills

Education

Bachelor's Degree in Finance

Honours Degree in Financial Risk Management

Tools

MS Office suite

Job description

Manager: Investigations and Reporting, Business Banking

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:
To see what life at Capitec is all about and complete a short assessment, please click here! Once you have completed the above, finalize your application by clicking apply below.

Purpose Statement

To lead and manage the Anti-Money Laundering (AML) Suspicious Activity Investigations and Reporting function by enhancing identification, monitoring, investigation, and reporting in accordance with Capitec's Risk Based Approach as envisaged in the RMCP.

To proactively minimize AML risk and exposure and protect the Bank. To ensure effective payment monitoring, screening, and reporting to the FIC.

Experience

• Minimum: At least 6 years' Suspicious Activity Investigation & Reporting experience within a business banking environment where judgement, decision-making, and assessment were required. Exposure to Regulatory Reporting of CTRs, CTRAs, STRs, SARs, TPRs, TFAR, or TFTRs. Operational management experience of a function or department: business planning, managing, and leading a team. At least 1 year's experience in Correspondent Banking.
• Ideal: At least 8 years' Suspicious Activity Investigation & Reporting experience within a business banking environment. At least 2 years' experience in Regulatory Reporting of CTRs, CTRAs, STRs, SARs, TPRs, TFAR, or TFTRs.

Qualifications

• Minimum: Bachelor's Degree in Finance or Financial Risk Management (FRM).
• Preferred: Honours Degree in Financial Risk Management (FRM).

Knowledge

• Comprehensive knowledge of regulations pertaining to anti-money laundering and combating terrorist financing.
• Knowledge of AML trends, typologies, red flags, automated transaction monitoring, payment screening, and transactional investigations.
• Understanding of regulatory reporting, compliance landscape, and requirements in business and commercial banking.
• Knowledge of CTRs, CTRAs, STRs, SARs, TPRs, TFAR, TFTRs, and related processes.
• People management principles, risk factors, and KYC requirements.
• Understanding of international funds transfers, Swift payments, and correspondent banking practices.
• Proficiency in MS Office suite and leadership practices.

Skills

• Analytical skills.
• Interpersonal and relationship management skills.
• Planning, organizing, and coordination skills.

Conditions of Employment

• Clear criminal and credit record.
• Commitment to diversity and employment equity.
• Capitec Bank is an authorized financial services provider (FSP) and registered credit provider (NCRCP13).