Analyst: AML Investigations Business Bank_Pipeline at Capitec Bank

Purpose Statement


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 Capitec Bank


Experience
Minimum:


At least 2-3 year's 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.


Ideal:


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