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

We appoint energized and motivated people for their potential and continuously look for 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 build a brand that we are proud of and earns 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 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 being 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. 

About the role:

To provide independent and objective assurance that the Bank adheres to relevant laws, regulations and internal polices by executing monitoring assignments in accordance with the Compliance Monitoring Standard. To identify and assess compliance risks within the organisation by conducting regular testing and reviews to identify potential compliance risks and recommending controls to mitigate the identified risks.

What you will do:

 

Compliance Support, Risk Management and Oversight for Business Departments

Escalate all matters of non-compliance to the relevant stakeholders and committee. Check that all compliance risks are rated in accordance with the bank's risk rating matrix and assist business with the rating of risks and/or risk acceptance where necessary. Ensure that any risk acceptance proposed by management is executed in terms of the relevant Risk Acceptance Policy.

Alignment of Internal Compliance Policies, Processes and Systems with Legal and Regulatory Requirements

Assess all existing products, policies and processes to determine whether the bank is fulfilling its legislative obligations and ensure that products, processes and policies meet regulatory expectations from a legislative, efficiency and fair policy perspective.

Compliance Assurance Reviews

Planning:

Efficiently and effectively conduct planned compliance reviews in accordance with the approved monitoring coverage plan, within allotted time frames and in line with the Monitoring Standard. Identify the scope and testing approach for allocated regulatory engagements. Independently assess and create a monitoring programme/plan.

Testing of controls:

Conduct fieldwork including performing walkthroughs, sample testing and validation of potential issues. Use of data analytics and scripts during testing to create efficiencies and create continuous monitoring opportunities.

Reporting:

Draft reports which include rationale for findings, detailed root cause analysis, risks posed, and action required to address the identified risks. Collaborate with risk owners and management to agree on appropriate action plans that address identified root causes. Produce consistently high-quality outputs within agreed deadlines. Reporting that is: clear and understood by recipients. Accurate, valid and supported by evidence. Provide timely feedback to the Manager: Monitoring & Reporting with progress on identified issues and observations raised.

Reporting

Engage with various business stakeholders to collect and understand the required inputs / data in order to perform internal and external reporting. Compile and deliver accurate, comprehensive reports that will be used in several governance structures, including Capitec Board, as well as external reporting requirements to the Capitec Regulators. Engage with Management on reporting requirements and ensure continuous improvements are implemented. Play an active role in report automation through. Translating statutory reporting requirements into business requirements Advising on the requirements and how they can effectively be delivered on from an automation perspective Engage with Regulators on external (e.g. annual) reporting, as well as any ad hoc reporting requirements. Report on the adequacy and effectiveness of compliance controls. Report to line management on the status of corrective action.

Stakeholder Engagement

Prepare for, and be involved in any regulatory engagements, including on-site inspections, as well as taking ownership of reporting based on such engagements. Represent the Bank on BASA committees as requested by Management. Establish and maintain an internal stakeholder network within the business to enable the achievement of Compliance objectives. Address queries from business stakeholders on Compliance matters. What you will bring: National Diploma or Bachelor’s Degree in (Law, Risk Management, Accounting or Auditing) 5 years’ financial services compliance /legal advising/ internal auditing/ risk management Stakeholder management at all levels and up to Exco Holding responsibility for oversight of all regulations and Acts relating to financial services generally. Working as part of a multi-disciplinary team (IT, Business etc.) Proven experience in stakeholder management and influence. Experience

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.