Manager: Investigations and Reporting, Business Bank

Purpose Statement

• To lead and manage the Anti-Money Laundering (AML) Suspicious Activity Investigations and Reporting function by enhancing identification, monitoring, investigation and reporting in accordance with Capitec’s Risk Based Approach as envisaged in the RMCP.
• To proactively minimise AML risk and exposure and protect the Bank.
• To ensure effective payment monitoring and screening and reporting to the FIC

Experience

Minimum:

• At least 6 years’ Suspicious Activity Investigation & Reporting experience within a business banking environment where judgement, decision making and assessment were required
• Exposure to Regulatory Reporting of CTRs, CTRAs, STR’s, SAR’s, TPR’s, TFAR or TFTR’s.
• Experience of operationally managing a function or department: business planning, managing and leading a team.
• At least 1 years’ experience in Correspondent Banking

Ideal:

• At least 8 years’ Suspicious Activity Investigation & Reporting experience within a business banking environment where judgement, decision making and assessment were required
• At least 2 years’ experience in Regulatory Reporting of CTRs, CTRAs, STR’s, SAR’s, TPR’s, TFAR or TFTR’s.

Qualifications (Minimum)

Qualifications (Ideal or Preferred)

Knowledge

Minimum:

• Comprehensive knowledge of:
  • Regulations pertaining to anti-money laundering and combating of terrorist financing
  • AML trends, typologies and red-flags
  • Automated Transaction Monitoring and payment screening
  • Transactional investigations and analysis
  • Regulatory reporting and compliance landscape and requirements
  • Business and commercial banking 
  • Cash Transaction Report (CTRs), Cash Threshold Aggregation Report  (CTRAs,) Suspicious Transaction Report (STR’s,) Suspicious Activity Reports (SAR’s,) Terrorist Property Reports (TPR’s,) Terrorist Financing Activity Report (TFAR) or Terrorist Financing Transaction Report (TFTR’s)
  • People management principles and practices 
• Knowledge of:
  • Risk factors, and preventing and reporting money laundering and related activities in banking and financial services industry.
  • KYC requirements, Ongoing and Enhanced Due Diligence investigations, Customer Screening and Adverse Media Management People management principles
  • International Funds Transfers, including International Trade based businesses and transactions 
  • The Swift payments and Correspondent Banking practices
  • MS Office suite
  • Leadership practices

Ideal:

• Knowledge of the Capitec Bank environment

Skills

Conditions of Employment