Team Leader: AML Operations

Capitec Bank; Milnerton; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading financial institution in South Africa is seeking an experienced individual to lead their AML Operations team. This role involves mitigating risks and ensuring compliance with anti-money laundering regulations. Candidates should have at least 3 years of experience in an AML environment and experience in managing a team. A Bachelor's degree in Commerce or Business Administration is required. Knowledge of Capitec Bank’s environment will be advantageous. The company values diversity and equity in hiring.

Qualifications

• Minimum 3 years' experience in an AML environment within a financial/banking environment.
• 3 years' experience of leading or managing people.
• Basic knowledge of anti-money laundering and combating of terrorist financing regulations.

Responsibilities

• Lead a team within the AML Operations function.
• Minimise risk to the bank and comply with regulatory AML requirements.

Skills

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

Attention to Detail

Management skills

Problem solving skills

Decision making skills

Education

Bachelor's Degree in Commerce or Business Administration

Honours Degree in Commerce or Business Administration

Job description

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Purpose Statement

• To lead a team within the AML Operations function (Transactional Monitoring, Enhanced Due Diligence, Screening, Regulatory Reporting and Quality Teams) thereby minimising risk to the bank as well as complying with legislated and regulatory AML requirements.

Experience

Minimum:

• At least 3 years’ experience in an AML Environment within a financial / banking environment where judgement, decision making and assessment in respect of AML has been part of the role.
• At least 3 years’ experience of leading or managing people.

Ideal:

• 1 year’s experience or more in investigations in AML, forensics or fraud
• Experience of leading a team to deliver results and achieve targets or SLAs

Qualifications (Minimum)

• Bachelor's Degree in Commerce or Business Administration

Qualifications (Ideal or Preferred)

• Honours Degree in Commerce or Business Administration

Knowledge

Minimum:

• Basic knowledge of regulations pertaining to anti-money laundering and combating of terrorist financing
• AML typologies
• Basic regulatory knowledge
• Business and commercial awareness
• Enhanced Due Diligence procedures
• People management principles
• Knowledge of and ability to prevent or report money laundering and sanctions-related activities in banking and financial services industry

Ideal:

• Knowledge of the Capitec Bank environment
• Basic principles of budgeting
• Leadership practices
• Investigatory techniques

Skills

• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Attention to Detail
• Management skills
• Problem solving skills
• Decision making 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.