Specialist: Anti-Money Laundering (Sanctions Screening Specialist) 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), Counter Terrorist Financing, and Counter Proliferation Financing, 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. 

As a Specialist: Anti Money Laundering 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 and Payment Screening

• Operationalise RMCP: Ensure that the Screening Standard is operationalised fully in all client facing channels and ensure that ongoing client and payment screening system and process conform to the required standard 
• Sanctions Regime Analysis: Conduct in-depth research and maintain expert-level knowledge of all relevant sanctions lists and regulatory requirements, 
• Business Requirements Translation: Translate complex sanctions policies, list updates, and regulatory changes into clear, concise, and unambiguous business requirement documents, user stories, and logic rules for our technology and product development teams. 
• System Tuning & Optimisation: Collaborate with AML technology teams to design, test, and implement sanctions screening rules and filters.  

The ideal candidate will have:

• Bachelor’s degree in Legal or Compliance or Auditing or Business Management  
• At least 5 years’ relevant AML experience (EDD, transaction monitoring etc.) within a financial institution/ banking environment with a strong focus on client screening. 
• AML regulatory requirement experience and proficiency