Website Capitec Bank
Capitec Bank is a South African commercial bank. As of February 2017 the bank was the third largest in South Africa with 120,000 customer opening new accounts per month. To simplify banking, we’ve developed an all-inclusive banking solution. Global One is the one solution that enables you to trans… read moreact, save and access credit in realtime. We also believe in harnessing the power of technology to make each interaction easier and simpler. We do everything we can to ensure that our clients have access to transparent and affordable banking services. When you bank with us, there are no hidden costs. We’re committed to making sure that you have a clear understanding of exactly what you're paying for. Why shouldn’t you have access to your cash when and where you want it? Whether you prefer Remote Banking, ATM transacting, drawing cash from tills at your local supermarket or coming into one of our branches, the way you access you cash is entirely up to you.
Purpose Statement
To develop strategies and operational processes for Retail Bank for the execution and embedment of compliance risk management processes as required by relevant regulatory requirements, applicable codes of conduct and minimum standards
To be responsible for and manage compliance within the Retail Bank; to facilitate adherence to legislative requirements as prescribed by Regulation 49 of the Banks Act
To enhance the compliance culture by developing and maintaining a thorough understanding of the relevant regulatory requirements and the global regulatory environment and best practice principles applicable to the bank
Experience
Minimum:
5+ years’ experience in a compliance role (over and above qualification)
Experience in respect of the practical application of relevant laws and regulations is essential
Understanding of legal issues and the ability to interpret legislation in respect of the retail banking environment.
Exposure to monitoring principles and practices
Strong business knowledge
Previous experience in managing a team (minimum 2 years)
Ideal:
Experience in a banking or financial services industry (credit providers, retail banks, etc.)
Proven experience in the application / use of risk related software packages:
EXCLAIM software
Experience in dealing with compliance issues similar to those applicable to the bank
Exposure to providing training / public speaking
Managerial budgeting
Qualifications (Minimum)
Honours Degree in Law or Commerce
Qualifications (Ideal or Preferred)
Post Graduate Diploma in Business Management or Risk and Compliance
Knowledge
Minimum:
Knowledge and experience of implementing and being accountable for compliance frameworks/strategies in a retail banking environment
Knowledge and experience of implementing and being accountable for Market Conduct and Financial Crime compliance frameworks / strategies across the bank (RB & BB)
Solid understanding of compliance regulation best practice and guidance
Knowledge and understanding of compliance and operational risk regulatory requirements
Knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk
Understanding of financial services business processes, especially in the retail banking environment.
Development and implementation of risk management and reporting
Understanding of the retail banking landscape.
Knowledge of:
Commercial Law
Legal practices
Monitoring techniques
Auditing processes
Computer systems (Office – Word, Excel, Powerpoint)
Ideal:
Legislation regarding all specified compliance monitoring areas (consumer protection, money laundering and terrorist financing, labour legislation or financial and regulatory)
Banks’ systems
EXCLAIM software
Skills
Communications Skills
Planning, organising and coordination skills
Analytical Skills
Reporting Skills
Computer Literacy (MS Word, MS Excel, MS Outlook)
Conditions of Employment
Clear criminal and credit record
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Apply via company website ( https://www.capitecbank.co.za/ ) or