Specialist : AML (Client Risk Assessment)

Specialist : AML (Client Risk Assessment)

Location : Capitec, Cape Town, Western Cape, South Africa

Job Description

Join Us in Becoming the Best Bank in the World!!

We appoint energized and motivated people for their potential and continuously look to find talented, driven individuals to help us innovate and evolve. That is why we focus on finding the right people for the right jobs. We love what we do because we focus on making a positive difference for our clients and employees. Our company DNA is built around talented and committed teams dedicated to building a brand that we are proud of and earn the trust of our clients.

Who We Are

We are a bank, but we’re much more than that. We believe that banking is about enabling people to control their financial lives through banking that is simplified, accessible, affordable, and delivered through a personal experience. By helping our clients manage their financial lives better, we enable them to live better.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy and take Ownership. And to support people in becoming their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities, as well as employee benefits and savings. We make it a priority to ensure that each member of the Capitec team feels welcome, valued, focused, and has the opportunity to grow.

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.

Responsibilities

Develop and Maintain AML Standards

Take responsibility for designing, implementing, and continuously improving the organization’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 organization 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.

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.

Qualifications

• 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.

If you are interested in being part of this dynamic team, on a mission to build the best bank in the world through unlocking the potential of its people, please apply. We would love to hear from you!

Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.

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