Specialist: AML (Client Risk Assessment) at Capitec Bank

Main Purpose

• If you’re passionate about combating financial crime and enjoy harnessing the power of technology, this role will let you make a real impact. As a specialist in Anti Money Laundering (AML), Client Risk Assessment, you’ll leverage your expertise to deliver innovative solutions and high-quality results that protect the bank and its clients. By collaborating with teams across the organization, you’ll help shape the future of financial crime prevention. This is your opportunity to tackle the challenges of financial crime head-on while using cutting-edge tools and your specialist knowledge to make a meaningful difference every day. 

Specialist: Anti-Money Laundering (Client Risk) your primary responsibilities will include:
Develop and Maintain AML Standards: 

• Take responsibility for designing, implementing, and continuously improving the organisation’s anti-money laundering (AML) standards, frameworks, and best practices to ensure robust financial crime prevention across all business areas. 

Provide Specialist Oversight and Support: 

• Offer expert oversight and guidance to enhance the effectiveness of the AML and Financial Crime framework, including reporting, monitoring, control measures, process optimisation, and the successful delivery of AML-related projects. 

Risk Advocacy and Industry Engagement: 

• Represent the organisation as a risk specialist by contributing insights at industry forums and regulatory meetings, and by supporting governance and risk management initiatives that shape the wider approach to financial crime prevention. 

Specific responsibilities relevant to Client Risk Assessment:
Research & Analysis: 

• Conduct deep-dive research and maintain expert-level knowledge of local (FICA) and global (FATF) regulations pertaining to client risk assessment and customer due diligence. 
• Analyse the impact of regulatory changes on the bank's existing CRA methodology, models, and supporting technologies. 
• Stay abreast of industry best practices, emerging risks, and new technologies (e.g., Machine Learning/AI) in the client risk management space.

Model and Methodology Development:

• Design, develop, and continuously enhance the bank's client risk assessment methodology and scoring models. 
• Define risk factors, weightings, and scoring logic based on empirical data, regulatory requirements, and the bank's risk appetite. 
• Work with data analytics teams to perform model validation, tuning, and ongoing performance monitoring to ensure model effectiveness. 

Stakeholder Management and Governance:

• Engage with stakeholders across Compliance, Business Units, Technology, and Operations to ensure alignment on the CRA framework and its implementation. 
• Prepare and present findings, recommendations, and project updates to senior management and governance committees. 
• Develop and maintain comprehensive documentation for the CRA methodology, models, and related processes. 

The ideal candidate will have:

• Analytical or engineering background with experience as a process engineer, especially in the financial crime environment. 
• 2-3 years of relevant experience  
• Experience in efficiency monitoring, modeling, and optimizing complex systems with multiple stakeholders
• Proven experience in translating complex business and regulatory requirements into functional specifications for technology teams 
• Experience with data analysis and a strong understanding of statistical modelling concepts is essential. 
• Strong understanding of risk modelling frameworks and the model development lifecycle. 
• Familiarity with data query and analysis tools (e.g., SQL, Python, R) is a significant plus