Analyst: AML Investigations Business Bank

Who We Are

We are a bank, but we are 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

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. To support people in being their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities, 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.

About the role

To execute daily operational activities within the Business Bank AML Operations environment, including enhanced due diligence, investigation of suspicious transactions, name and payment screening, reporting, and quality assurance, thereby implementing and administrating legal and statutory requirements for the Financial Intelligence Centre Act 38 of 2001 (FICA), Protection of Constitutional Democracy Against Terrorist and Related Activities Act 33 of 2004 (POCDATARA), Prevention of Organised Crime Act 121 of 1998 and all related legislation, within the bank. 

Experience

Our Ideal candidate

• At least 2-3 years investigative experience within a business banking environment within an AML environment
• Experience with collating and analysing information and making decisions based on the information.
• Interpretation and application of regulatory requirements.
• FICA exposure within a business banking environment
• Experience in a financial or legal institution or investigative environment
• Qualifications (Minimum)

Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• Bachelor's Degree in Risk and Compliance

Knowledge

Minimum:

• Legislation regarding money laundering control, proliferation finance and combating of terrorist financing
• Understanding of money laundering means and mechanisms on a global scale
• Understanding of sanctions
• Client due diligence and AML environment.
• Understanding the Risk Management and Compliance Programme and the purpose it serves in AML
• Business acumen
• Know Your Customer (KYC), risk based approach
• Investigation methodology and techniques
• Use of excel and word
• Report writing and evidence gathering
• Business entity structures and related AML requirements

Ideal:

• Client due diligence and investigations on juristic and non-juristic clients.
• Knowledge of commercial banking products, services and channels.
• Knowledge of Trade-based money laundering

Skills

• Analytical Skills
• Attention to Detail
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Planning, organising and coordination skills
• Reporting Skills

Conditions of Employment

Clear criminal and credit record.