Capitec – Risk Management Vacancies

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

Forensic Investigator (Insurance)

Location: Bellville, 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

Under the guidance of the Manager: Insurance Fraud, investigate instances of risk related to various types of fraud incidents across Capitec (e.g. external fraud such as credit application fraud for Capitec Bank and policyholder or claims fraud for Capitec Insurance. This will include internal fraud, serious breach of policies and procedures, and criminal syndicates). Investigate the matter, the parties involved and provide appropriate evidence for disciplinary hearings and/or criminal proceedings. Identify control weaknesses and recommend preventative measures, improvements, and training initiatives against potential fraud.

Experience

Minimum:

• 3 plus years’ experience as a Forensic Investigator/Auditor
• Background in funeral investigations or related qualifications (e.g., CFE, criminology, forensic law and Auditing, etc)
• Strong reporting and communication skills.
• Proficiency in (e.g. English, Afrikaans, Sepedi, Izulu, Xhosa)
• Report writing

Ideal: 

• Proven experience as a Forensic Investigator/Auditor in the Financial Services Sector

Qualifications (Minimum)

• A relevant tertiary qualification in Forensics

Knowledge

Minimum:

• Investigation methods and procedures
• Criminal law and law of evidence of the judicial process

Ideal: 

• Fraud and misrepresentation in the insurance industry

Skills

• Analytical Skills
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Decision making skills
• Interpersonal & Relationship management Skills
• Negotiation skills
• Presentation Skills
• Reporting 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

Specialist: Anti-Money Laundering (Sanctions Screening Specialist)

Location: Stellenbosch, ZA

Company: Capitec Bank Ltd

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 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 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.  

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), Counter Terrorist Financing, and Counter Proliferation Financing, 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. 

As a Specialist: Anti Money Laundering your primary responsibilities will include:

Develop and Maintain AML Standards: 

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

Specific responsibilities relevant to Client and Payment Screening

• Operationalise RMCP: Ensure that the Screening Standard is operationalised fully in all client facing channels and ensure that ongoing client and payment screening system and process conform to the required standard

• Sanctions Regime Analysis: Conduct in-depth research and maintain expert-level knowledge of all relevant sanctions lists and regulatory requirements,

• Business Requirements Translation: Translate complex sanctions policies, list updates, and regulatory changes into clear, concise, and unambiguous business requirement documents, user stories, and logic rules for our technology and product development teams.

• System Tuning & Optimisation: Collaborate with AML technology teams to design, test, and implement sanctions screening rules and filters.

The ideal candidate will have:

• Bachelor’s degree in Legal or Compliance or Auditing or Business Management

• At least 5 years’ relevant AML experience (EDD, transaction monitoring etc.) within a financial institution/ banking environment with a strong focus on client screening.

• AML regulatory requirement experience and proficiency

Conditions of Employment

• Clear criminal and credit record

.

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.

Click here to apply

Model Validation Analyst (Financial Modelling)

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

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 dedcated 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

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

Business Process Engineer

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.

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

Are you passionate about cross functional collaboration, defining and improving processes, turning data into insight and shaping risk strategy? This role offers a unique opportunity to be at the intersection of operational risk, business resilience, and innovation. You’ll play a critical role in supporting Capitec’s Operational Risk team by driving strategic initiatives that enhance risk frameworks, align operations with regulatory expectations, improve cross functional business processes and advance data aggregation capabilities, and integrity and reporting. 

You’ll be expected to bring strong facilitation skills, a deep understanding of business processes analysis and improvement, core banking systems, data architecture along with analytical acumen and a collaborative spirit. Working closely with cross-functional teams, you’ll unpack complex requirements, streamline operations, and contribute to risk mitigation strategies related to business processes and data across a wide variety of business areas. 

What We Are Looking For

• Self-starter with the ability to think strategically and identify, define and implement innovative solutions.
• Minimum of 5 years’ relevant experience in processing systems, processes, procedures and support in a similar environment.
• Minimum of 2-3 years in risk management, operational resilience or business continuity experience.
• Proven experience in data analytics, data architecture, business model design, business process development and/or improvement, operationalization of new business process solutions in line with regulatory requirements i.e. reporting.
• Proficient in SAP, Process Mapping, CRM platforms such as Salesforce, Power BI, and core banking systems.
• Business Process Engineering in a banking environment would be ideal.
• Extensive Knowledge of: Data Trend Analysis, developing a business case requirement, Lean way of work principles, Business Change Life Cycle and change management principles, System Development Life Cycle, Project Management Lifecycle, Agile Way of Working Practices, Quality Management.
• Knowledge of BABOK, SOA, TOGAF, and ARCHIMATE.

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 Governance, Monitoring, and Oversight

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 Risk & Insights function plays a central role in driving responsible and compliant banking practices. The function’s structure enhances independence, transparency, and oversight, while providing strong support for model risk management across the bank. You’ll be part of a highly skilled team reporting directly to the Head of Model Risk and Insights, with strong collaboration across validation, modelling, and risk teams. We are seeking a Lead: Model Governance, Monitoring & Oversight to lead and drive our governance, compliance, and oversight processes across the bank’s model landscape. This role is pivotal in ensuring that all models are not only fully compliant with regulatory requirements but also continue to deliver sustainable business value. In this capacity, you will serve as a key link between technical model validation and broader governance, monitoring, and compliance functions, ensuring alignment with Basel, IFRS 9, and RDARR (BCBS 239) standards.

What You’ll Be Doing

• Lead responsibilities: Own the governance, monitoring, and oversight of adherence to the Model Risk Policy and Model Risk Management Processes & Standards. Maintain currency of standards; lead annual reviews/updates of key artefacts (e.g., Model Risk Policy, MTSC Charter, Validation Standards). Drive resolution of validation outputs with modelling teams and ensure execution of appropriate actions. Build and embed frameworks, practices, and routines—including robust records of discussions and approvals.

• Model oversight, reporting & escalation: Oversee remediation of models identified as risk; ensure risks are recorded, actioned, and reported per policy. Classify materiality, manage timelines, and escalate as needed. Engage with development teams to set action plans and verify evidence of closure and compliance. Optimize JIRA Service Desk and ensure effective reporting.

• Model maintenance: Oversee model inventory and metadata quality (e.g., in Collibra), ensuring conceptual soundness and policy compliance. Stay current with RDARR standards to maintain risk data aggregation and reporting quality; implement data quality processes, training, and compliance monitoring.

• Model monitoring & analysis: Design and implement a structured monitoring framework post‑deployment. Define performance metrics, thresholds, and monitoring plans with model owners; track performance/usage and escalate deterioration or non‑compliance. Support periodic review/recalibration and ensure documentation of results; integrate insights into model risk reporting with clear recommendations.

• MTSC support: Plan and manage weekly MTSC sessions, ensuring stakeholders are prepared and documentation meets standards. Maintain governance records, track action items to timely completion, provide updates to stakeholders, and lead meetings/presentations as required. Conduct technical reviews of model documentation for compliance with the Model Risk Policy.

What We Are Looking For

• 5+ years’ experience in model risk management, quantitative analysis, or decision science, with practical exposure to end-to-end model development, predictive modelling, and a variety of modelling techniques.
• Banking Expertise: Solid understanding of banking regulations (Basel, IFRS 9, CBS 239, RDARR principles).
• Governance Knowledge: Strong background in model governance, validation, monitoring, or oversight functions.
• Technical Skills: Experience with model and data governance tools (e.g., Calibra), data monitoring, and reporting (Power BI).
• Collaboration: Ability to work across multiple stakeholders in a regulated banking environment.

Education

Honours Degree in Statistics or Risk Management (minimum) 

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

Click here to apply

Credit Risk Oversight Manager

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

We wish you all the best with your applications