Capitec – Risk Management Jobs

To apply, click on the link at the end of the posts and all the best with your applications.

Model Validation Analyst (Decision Science)

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

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/Team

The Model Validation team provides assurance on the accuracy, robustness, and governance of models across Capitec. The unit plays a central role in supporting sound risk management, financial decision-making, and regulatory compliance. Our work spans a variety of domains, including credit risk, finance, capital modelling, and fraud detection. The team collaborates closely with modelling and business units, offering technical challenge and validation expertise to ensure models remain fit-for-purpose in an evolving environment. 

We are seeking a skilled professional to join our team as a Model Validation Analyst (Decision Science). In this role, you’ll work on end-to-end model validations across different domains, take ownership of key deliverables, and build challenger models to ensure accuracy, reliability, and compliance of the bank’s models  

What We Are Looking For

• Proven 3-6 years’ experience in scorecard building, including developing, validating, and monitoring scorecards for credit risk application/behaviour models or marketing purposes. This experience will be used in the role to challenge models presented to the team and to build challenger models.
• Experience with data mining used for analyses and predictive modelling.
• Full understanding of the credit lifecycle.
• Strong analytical ability, with attention to detail and the ability to work across multiple model types.
• A collaborative mindset with the ability to engage effectively across technical and business teams.

Education

• Minimum: Degree in Mathematics, Statistics, Actuarial Science or Data Science.

• Ideal or Preferred: Honours Degree in Data Science, Statistics, Mathematics or Actuarial Science.

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! 

Conditions of Employment

• Clear criminal and credit record

Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.

Click here to apply

Model Validation Analyst (Financial Modelling)

Date: 27 Aug 2025

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

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/Team

The Model Validation team provides assurance on the accuracy, robustness, and governance of models across Capitec. The unit plays a central role in supporting sound risk management, financial decision-making, and regulatory compliance. Our work spans a variety of domains, including credit risk, finance, capital modelling, and fraud detection. The team collaborates closely with modelling and business units, offering technical challenge and validation expertise to ensure models remain fit-for-purpose in an evolving environment. 

We are seeking a skilled professional to join our team as a Model Validation Analyst. In this role, you’ll work on end-to-end model validations across different domains, take ownership of key deliverables, and build challenger models to ensure accuracy, reliability, and compliance of the bank’s models. 

What We Are Looking For

• Proven 3-6 years’ experience in financial modelling (Forecasting and Stress Testing models), particularly in pricing, capital modelling, or IFRS 9 provisions,

• Strong analytical ability, with attention to detail and the ability to work across multiple model types.

• A collaborative mindset with the ability to engage effectively across technical and business teams.

Education

• Minimum: Degree in Mathematics, Statistics or Actuarial Science.

• Ideal or Preferred: Honours Degree in Data Science, Statistics, Mathematics or Actuarial Science.

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, applications to this position will strictly be considered in support of our employment equity goals.

Click here to apply

Lead: Model Validation

Date: 27 Aug 2025

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

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/Team

Our Model Validation team is a critical function within the organisation, responsible for ensuring the accuracy, reliability, and governance of models across credit, finance, and fraud risk domains. The unit provides oversight, technical challenge, and assurance to support sound decision-making and regulatory compliance. We are seeking an experienced Data Science professional to join as a Model Validation Lead. In this role, you will provide technical expertise and leadership in the validation of advanced AI and ML models, while guiding and mentoring analysts within the team. You will be responsible for the design and execution of independent validations, the development of challenger models, and ensuring adherence to governance standards. 

This role requires strong technical modelling capabilities, the ability to collaborate with a wide range of stakeholders, and the professional maturity to influence outcomes in a complex and evolving environment. 

What You’ll Be Doing

• Provide subject matter expertise, oversight and guidance with regards to the technical review and validation of models used in the organisation, particularly machine learning models.
• Ensure appropriate model governance and model risk management processes and standards are in place in order to manage model risk, improve and optimise model methodologies and usage.
• Lead and deliver independent validations across a range of models, including credit risk, operational optimisation, financial crime, and marketing campaigns.
• Provide technical oversight and mentorship to analysts, supporting skills development and professional growth.
• Design and implement challenger models using advanced machine learning methods.
• Research current and new machine learning algorithms to ensure proposed models are fit for purpose and market best practice is being followed.
• Ensure models meet governance, regulatory, and internal risk standards.
• Partner with model development teams and business stakeholders to provide effective challenge and assurance.
• Contribute to the ongoing enhancement of model validation methodologies, frameworks, and best practices.

What We Are Looking For

• Have 6+ years of proven experience in model development in the field of Data Science and ideally direct model validation or review experience.
• Strong technical expertise in tree-based methods, neural networks, clustering, anomaly detection, and other advanced statistical or machine learning techniques.
• Exposure to cloud platforms (AWS preferred) and emerging technologies such as large language models is desirable.
• Demonstrated ability to mentor and guide junior analysts, identifying skills gaps and supporting development.
• Excellent communication and stakeholder engagement skills, with the ability to work effectively across multiple teams and disciplines.
• Able to design and deliver end-to-end on all but the most complex ML projects without supervision.
• Data mining for use in analyses and predictive modelling.
• Have had own model(s) reviewed and validated or directly validated models in the past.
• Presenting and defending findings to model developers and senior management.

Education

• Minimum: Honours Degree in Mathematics, Statistics or Data Science.

• Preferred:  Masters Degree in Mathematics, Statistics or Data Science.

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, applications to this position will strictly be considered in support of our employment equity goals.

Click here to apply

Specialist: Anti-Money Laundering

Date: 27 Aug 2025

Location: Sandton, ZA

Company: Capitec Bank Ltd

Purpose Statement

• To perform specialised tasks, provide subject matter expertise and deliver high-quality results within the area of Anti Money Laundering (AML), Counter Terrorist Financing and Counter Proliferation Financing. To apply AML expertise effectively across the organisation when consulting with stakeholders and thereby mitigate the impact of financial crime risk to the bank and it’s clients.

Experience

• At least 8 years’ relevant AML experience (EDD, transaction monitoring etc.) within a financial / banking environment
• AML regulatory requirement experience and proficiency

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational
• Bachelor’s Degree in Internal Auditing or Risk Management

Qualifications (Ideal or Preferred)

• A relevant tertiary qualification in Finance

Knowledge

Min:

• Legislation regarding money laundering control, combating of terrorist financing, proliferation financing, sanctions and regulatory reporting.
• Business and commercial awareness
• Understand ML/TF/PF and sanctions risks in a financial institution
• Understand risk associated with business entities as clients
• Knowledge of ML/TF/PF and sanctions risk associated with foreign exchange and cross border instruments

Ideal:

• Knowledge of AML legislation
• Application of technology to Fasttrack project performance
• Understanding of business requirements and the translation to specifications to inform projects
• Understanding of project management principles
• Industry knowledge of AML / Financial Crime

Skills

• Analytical Skills
• Commercial Thinking Skills
• Decision making skills
• Interpersonal & Relationship management Skills
• Problem solving skills
• Strategic Thinking Skills

Conditions of Employment

• Clear criminal and credit record

Click here to apply

Analyst: AML Investigations Business Bank

Date: 25 Aug 2025

Location: Sandton, ZA

Company: Capitec Bank Ltd

Purpose Statement

• To execute daily operational activities within the Business Bank AML Operations environment, including enhanced due diligence, investigation of suspicious transactions, name and payment screening, reporting, and quality assurance, thereby implementing and administrating legal and statutory requirements for the Financial Intelligence Centre Act 38 of 2001 (“FICA”), Protection of Constitutional Democracy Against Terrorist and Related Activities Act 33 of 2004 (“POCDATARA”), Prevention of Organised Crime Act 121 of 1998 and all related legislation, within Capitec Bank

Experience

Minimum:

• At least 2-3 year’s investigative experience within a business banking environment within an AML environment
• Experience with collating and analysing information and making decisions based on the information.
• Interpretation and application of regulatory requirements.
  

Ideal:

• FICA exposure within a business banking environment
• Experience in a financial or legal institution or investigative environment

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• Bachelor’s Degree in Risk and Compliance

Knowledge

Minimum:

• Legislation regarding money laundering control, proliferation finance and combating of terrorist financing
• Understanding of money laundering means and mechanisms on a global scale
• Understanding of sanctions
• Client due diligence and AML environment.
• Understanding the Risk Management and Compliance Programme and the purpose it serves in AML
• Business acumen
• Know Your Customer (KYC), risk based approach
• Investigation methodology and techniques
• Use of excel and word
• Report writing and evidence gathering
• Business entity structures and related AML requirements

Ideal:

• Client due diligence and investigations on juristic and non-juristic clients.
• Knowledge of commercial banking products, services and channels.
• Knowledge of Trade-based money laundering

Skills

• Analytical Skills
• Attention to Detail
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Planning, organising and coordination skills
• Reporting Skills

Conditions of Employment

• Clear criminal and credit record

Click here to apply

Machine Learning Engineer

Date: 21 Aug 2025

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

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 this role:

As a Machine Learning Engineer at Capitec is pivotal in shaping and executing the bank’s AI strategy. By collaborating with Data Scientists and Decision Scientists, you’ll enhance their efficiency through the development, implementation, and support of platform improvements. Your contributions will be crucial in positioning Capitec to remain competitive in a rapidly evolving landscape where AI technologies are key strategic differentiators.

This role leverages your deep understanding of machine learning models, from concept to deployment, and expertise in modern software development best practices, big data processing frameworks, and cloud environments whilst sitting in the risk division of the business. You’ll also be working extensively with Python, SQL, and advanced debugging techniques to ensure the delivery of scalable, robust, and production-ready predictive models

Our ideal candidate has:

Our ideal candidate has:

• 4+ years of experience in any engineering role
• Honors degree or higher in any field
• Python and SQL experience
• PySpark
• Big data frameworks – Hadoop/Kafka
• Github experience or Git

Ideal:

• AWS experience

Competencies:

• Simplify and make it easy
• Earn and extend trust
• Plan, deliver and raise the bar
• Curious and continuously learns
• Act, learn and adapt
• Inspire optimism and persistence
• Have courage, disagree and commit

Education:

• Completed an Honors Degree or higher

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

Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.

Click here to apply

Credit Risk Oversight Manager

Date: 16 Aug 2025

Location: Stellenbosch, Western Cape, ZA

Company: Capitec Bank Ltd

Purpose Statement

• To provide strategic second-line oversight of Capitec’s enterprise-wide credit risk, ensuring effective implementation and operationalisation of the Credit Risk Framework in alignment with regulatory requirements and business strategy.
• To challenge and influence first line’s credit risk practices, policies, and risk appetite, while ensuring sound governance, data risk, and credit lifecycle oversight and partner with internal assurance functions such as Model Risk and Data Governance to ensure risk is measured, monitored, and reported in line with best practice

Experience

Min/Ideal:

• Minimum of 7–10 years in credit risk, with 3–5 years in a senior or oversight capacity in banking or financial services.
• Proven experience in credit policy, credit analytics, or credit risk oversight.
• Experience working in or closely with second-line risk, model risk, or internal audit functions.
• Exposure to ICAAP, Recovery Planning, or regulatory submissions.
• Familiarity with the application of RDARR principles and use of KRIs for monitoring.
• Experience in risk reporting to board and executive levels
  

Qualifications (Minimum)

• Bachelor’s Degree in Accounting – Management Accounting

Qualifications (Ideal or Preferred)

• Honours Degree in Risk Management

Knowledge

Min/Ideal:

• Strong leadership and stakeholder engagement skills
• Excellent communication and report writing
• Working knowledge of credit lifecycle and products (unsecured, revolving credit, etc.)
• High-level understanding of IFRS 9, Basel II/III, ICAAP, Recovery Planning
• Risk appetite design and monitoring
• Stress testing and early warning indicators
• Governance, risk and control frameworks (Three Lines of Defence)
• Familiarity with data governance and model governance (non-technical oversight)
  

Skills

• Analytical Skills
• Attention to Detail
• Change Management Skills
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Leadership Skills
• Negotiation skills
• Numerical Reasoning skills

Conditions of Employment

• Clear criminal and credit record

Click here to apply

Systems Analyst – Salesforce

Date: 6 Aug 2025

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below.

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/Team

Join a dynamic, multi-disciplinary team of business analysts, testers, developers, and fellow systems analysts who are passionate about building scalable systems and delivering meaningful business impact. Reporting directly to the Software Development Manager, you’ll be part of a collaborative environment that supports critical business operations, with a strong emphasis on client transaction management, compliance, and infrastructure support.  

This is a hybrid systems analyst role that blends technical expertise with strong stakeholder engagement. You’ll play a key part in supporting the transition to Salesforce while also managing AWS infrastructure, SQL servers, and supporting core client transaction and compliance processes. 

You’ll work across multiple technical environments and teams, acting as the link between business needs and technical solutions. 

What We Are Looking For

Minimum:  

• Possess over 4 + years of professional experience working as a Salesforce Developer.

Ideal: 

• 4+ years’ experience in complex environments such as in systems design and analysis, software development, systems engineering or similar.
• Deep experience of the functional area and/or experience of multiple functional areas.
• Experience working collaboratively with cross functional and technical teams.
• Experience in technical leadership of team members, including quality assurance, coaching, mentoring and leading a project
• Experience of technologies relevant to the functional area.
• Strong working knowledge of SQL, including query troubleshooting.
• Experience with AWS environments, including EC2, Lambda, and RDS.
• Strong analytical and problem-solving skills.
• Excellent stakeholder engagement and communication skills.
• Comfortable navigating multiple technical environments and systems.

What You’ll Be Doing

• Working on a key internal Salesforce project – designing, building, and supporting scalable solutions.
• Troubleshooting SQL queries and supporting SQL server environments.
• Supporting and maintaining AWS infrastructure including EC2 instances, Lambda functions, and RDS databases.
• Managing client transaction systems and compliance monitoring processes.
• Collaborating with cross-functional teams including developers, testers, and BAs to gather requirements and support project execution.
• Providing after-hours technical support on a bi-weekly basis.

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 

Qualifications (Minimum)

• A relevant tertiary qualification in Information Technology

Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.

Click here to apply

Analyst: Digital Forensics

Date: 5 Aug 2025

Location: Stellenbosch, Western Cape, ZA

Company: Capitec Bank Ltd

Apply by:  

We’re on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below

Purpose Statement

• To minimise or prevent financial loss due to digital forensics for Capitec Bank and its clients through:
  • Providing an on-demand digital forensic investigative service through the application of effective data analytics, and continuously improve team investigation capabilities through data analysis and improvement of technical controls within client data channels.
  • Applying data analytics to highlight trends and patterns
  • Provide analytical insights to enhance fraud prevention tactics.

Experience

Minimum:

• 5 years working in Digital Forensics OR information security field:
• 3 years Digital Forensic Experience as an Analyst or Investigator
• 3 years as a Cyber Incident response analyst.

Ideal:

• 5+ years working in a Digital / information security field:
• 3+ years Digital Forensic Experience as an Analyst or Investigator
• 3+ years as a Cyber Incident response analyst.
• Working in the Capitec IT environment

Qualifications (Minimum)

• A relevant tertiary qualification in Forensics or Information Technology

Qualifications (Ideal or Preferred)

• Bachelor’s Degree in Forensics or Information Technology

Knowledge

Minimum:

• Must have a good understanding of:
• Digital security and forensic processes
• Threat Analysis
• Vulnerability Assessment / Scanning
• Security Monitoring
• Compliance and audit
• Incident response
• Cyber/Digital security technologies (e.g. Firewalls, intrusion detection systems, antivirus, patch management)
• Fundamental cyber/digital security concepts (e.g. policy, encryption, access controls, audit trails, risk management)
• MS Office suite
• Computer Forensics
• Windows, Linux and MAC OS

Ideal:

• Knowledge of Capitec systems and environment

Skills

• Analytical Skills
• Attention to Detail
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Problem solving skills

Conditions of Employment

• Clear criminal and credit record

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

Click here to apply