Team Leader: AML Enhanced Due Diligence at Capitec Bank

Main Purpose

• To lead a team within the Business Bank AML Operations function, managing Onboarding Name Screening, Enhanced Due Diligence or Ongoing Name Screening, Enhanced Due Diligence or Payment Screening, Suspicious Activity Investigations and statutory reporting of simple and complex corporate entities across industries, ensuring compliance with the Banks Risk and Compliance Management Programme and applicable legislated and regulatory AML requirements, thereby minimising risk to the bank.

As Team Leader AML Enhanced Due Diligence your primary responsibilities will include:

Team Management and Development

• Lead, mentor, and develop a high-performing sanctions screening team, fostering a culture of compliance and continuous improvement.
• Conduct regular training sessions to ensure team members are up-to-date on sanctions regulations and screening technologies.
• Set performance objectives and goals for the team 
• Oversee the teams performance in reaching those objectives and goals, coach and guide where required.

Policy and Procedure Development

• Develop, implement, and maintain sanctions screening policies and procedures to ensure compliance with local and international regulations.
• Regularly review and update the policies to reflect regulatory changes and enhance operational effectiveness.

Risk Assessment

• Collaborate with other departments to identify areas of potential sanctions risk and implement risk management measures.

Audit and Review

• Oversee internal quality assurance/audit of the sanctions screening process and ensure timely resolution of any identified issues or weaknesses.
• Implement corrective actions based on quality assurance/audit findings and regulatory feedback.

The ideal candidate will have:

• Bachelor’s degree in commerce or business administration or any related field
• 2- 3 years team management experience
• 5 years’ experience in complex financial crime / risk investigations
• Experience ideally in a finance/banking environment.
• Good understanding of FICA legislation and how to implement RMCP standards and requirements in the AML operational environment.