Specialist: AML (Client Risk Assessment)

Capitec Bank Ltd.; Stellenbosch; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading South African bank is seeking an experienced Anti-Money Laundering Specialist to combat financial crime. This role involves designing AML policies, leading client risk assessments, and collaborating with various teams. Ideal candidates will have 5+ years in financial crime, experience with client risk assessment models, and a strong technical background. Join a dynamic team focused on making a meaningful impact in banking.

Qualifications

• At least 5 years’ relevant financial crime experience.
• Hands-on experience with client risk assessment models.
• Proficiency in AML regulatory requirements.
• Able to translate complex requirements into functional specifications.
• Strong understanding of risk modelling frameworks.

Responsibilities

• Design, implement, and improve AML policies.
• Provide oversight on AML controls and monitoring.
• Lead development of CRA methodologies.
• Translate regulatory needs into technical requirements.
• Collaborate with Compliance, Tech, and Business Units.

Skills

Financial Crime experience

Risk management

Data analysis

Statistical modelling concepts

SQL

Python

R

Job description

Who We Are

We are a bank, but we’re much more than that. We believe that banking is about enabling people to control their financial lives through banking that is simplified, accessible, affordable and delivered through a personal experience. By helping our clients manage their financial lives better, we enable them to live better.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy and take Ownership. And to support people in being their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities as well as employee benefits and savings. We make it a priority to ensure that each member of the Capitec team feels welcome, valued, focused, and has the opportunity to grow.

Main Purpose

If you’re passionate about combating financial crime and enjoy harnessing the power of technology, this role will let you make a real impact. As a specialist in Anti Money Laundering (AML), Client Risk Assessment, you’ll leverage your expertise to deliver innovative solutions and high-quality results that protect the bank and its clients. By collaborating with teams across the organization, you’ll help shape the future of financial crime prevention. This is your opportunity to tackle the challenges of financial crime head-on while using cutting-edge tools and your specialist knowledge to make a meaningful difference every day.

Specialist: Anti-Money Laundering (Client Risk) – Primary Responsibilities

• AML Standards & Frameworks: Design, implement, and continuously improve AML policies and best practices across the organisation.
• Specialist Oversight: Provide expert guidance on AML controls, monitoring, and project delivery.
• Client Risk Assessment: Lead development of CRA methodologies, including model design, risk factor analysis, and regulatory alignment (FICA, FATF).
• Technology Partnership: Act as the SME for CRA systems, translating regulatory needs into technical requirements and product roadmaps.
• Stakeholder Management: Collaborate with Compliance, Tech, and Business Units, and present updates to senior management and governance forums.
• Industry Engagement: Advocate for AML risk management in regulatory meetings and industry groups.

The ideal candidate will have:

• At least 5 years’ relevant Financial Crime experience, risk management or data analytics role within a financial / banking environment
• Demonstrable, hands-on experience with the design, implementation, or management of client risk assessment models and methodologies.
• AML regulatory requirement experience and proficiency
• Proven experience in translating complex business and regulatory requirements into functional specifications for technology teams
• Experience with data analysis and a strong understanding of statistical modelling concepts is essential.
• Strong understanding of risk modelling frameworks and the model development lifecycle.
• Familiarity with data query and analysis tools (e.g., SQL, Python, R) is a significant plus

If you are interested in being part of this dynamic team, on a mission to build the best bank in the world through unlocking the potential of its people, please apply. We would love to hear from you!

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