Manager AML Business Banking at Capitec Bank Ltd

Company Description

Capitec Bank is a leading South African retail bank that focuses on essential banking services and provides innovative transacting, savings, insurance and unsecured lending products to individuals. Capitec's mission is to make banking simple and transparent to help clients regardless of their level of income or assets improve their financial lives through a single solution, called Global One.

Job description: Purpose Statement

To establish and embed a structure that will optimize the operational requirements within the AML department within Business Bank, with the main objective to manage and / or mitigate anti money laundering and counter terrorism risk to the business.

Experience

Minimum:

At least 8 years' experience within a financial / banking environment
At least 8 years' experience in AML
Experience of operationally managing a function or department: business planning, budgeting, managing and leading a team.

Ideal

10 years' experience within a financial / banking environment
At least 10 years' experience in AML
Experience in regulatory requirements for AML.

Qualifications (Minimum)

Grade 12 National Certificate / Vocational in Grade 12 National Certificate
Bachelor's Degree in Commerce

Qualifications (Ideal Or Preferred)

Honours Degree in Commerce

Profile description: Knowledge

Minimum

Sound knowledge of the South African Money Laundering and Terror Financing Legislation, the FATF Requirements and respective best practises
Understanding of ML and TF risk in a financial institution
Understanding of business banking landscape
Knowledge of AML specific business process and systems requirements
Understand the risk associated with business entities as clients
Good understanding of correspondent banking and the AML/ CTF risks associated.
Good understanding of AML/ CTF risks associated with foreign exchange and cross border instruments

Skills

Decision making skills
Leadership Skills
Problem solving skills
Planning, organising and coordination skills

Conditions of Employment

Clear criminal and credit record
A valid driver's license and own vehicle is required

We offer: Capitec Bank is a leading South African retail bank that focuses on essential banking services and provides innovative transacting, savings, insurance and unsecured lending products to individuals. Capitec's mission is to make banking simple and transparent to help clients regardless of their level of income or assets improve their financial lives through a single solution, called Global One.

Desired Skills