AML Compliance Officer

AML Compliance Officer position available.

About the Role

As a Regulatory Compliance Specialist, you will execute projects and tasks that help Capitec Bank comply with regulatory obligations while supporting our business objectives. Your role involves providing relevant advice to ensure regulatory risks are effectively managed and business processes adhere to statutory requirements.

Key Responsibilities

• Regulatory Compliance: Assist in meeting regulatory obligations related to compliance and ensure that business processes align with statutory requirements.
• Advice and Guidance: Provide effective advice to the business to balance regulatory compliance with business objectives.
• Stakeholder Management: Manage relationships with stakeholders at all levels, including Exco, and influence outcomes to ensure compliance.
• Oversight: Oversee regulations and Acts relating to financial services, ensuring effective management of regulatory risks.
• Team Collaboration: Work as part of a multi-disciplinary team, including IT and Business, to address compliance issues.

Experience & Qualifications

• Minimum Experience:
  • 3 years of experience in financial services compliance or legal advising.
  • Experience in stakeholder management, including up to executive levels.
  • Proven track record in managing regulatory oversight within financial services.
  • Experience working within a multi-disciplinary team.
• Ideal Experience:
  • Experience with regulations and Acts specific to financial services portfolios such as insurance or credit.
  • Familiarity with Capitec Bank’s products and services.
• Qualifications:
  • Minimum: Bachelor’s Degree in Law or Accounting (Management Accounting).
  • Ideal: Honours Degree in Law or Accounting (Management Accounting).

Knowledge & Skills

• Knowledge:
  • Understanding of South African financial services legislation, including:
    • National Payment Systems Act
    • Banks Act
    • Financial Sector Regulation Act (FSRA)
    • Financial Intelligence Centre Act (FICA)
    • Protection of Personal Information Act (POPIA)
    • National Credit Act (NCA)
    • Electronic Communications and Transactions Act (ECT Act)
    • Consumer Protection Act
  • Business analysis and design.
  • Financial systems and procedures.
  • Ideal knowledge includes the regulatory environment related to banking, payment systems, and Capitec Bank’s operational structure, products, and systems.
• Skills:
  • Strong communication and interpersonal skills.
  • Proficient in MS Word, MS Excel, and MS Outlook.
  • Effective influencing and reporting skills.
  • Ability to manage relationships and provide strategic advice.

Conditions of Employment

• Clear criminal and credit record.