Purpose Statement
- To establishand 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.
- 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.
- 10 years experience within a financial / banking environment
- At least 10 years experience in AML
- Experience in regulatory requirements for AML.
- Grade 12 National Certificate / Vocational in Grade 12 National Certificate
- Bachelor's Degree in Commerce
- 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
- Decision making skills
- Leadership Skills
- Problem solving skills
- Planning, organising and coordination skills
- 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. Capitecs 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.
