Recoveries Risk Support


EDC Auditor: Recoveries Risk Support (internal auditor)

Location: Bellville, Western Cape, ZA

Company: Capitec Bank Ltd

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:

Purpose Statement

To plan, conduct, and report on audits on financial and operational practices of third parties, including external debt collectors (EDCs), debt buyers and payment distribution agents (PDAs).

To conduct due diligence checks on third parties as well as ad hoc compliance checks and investigations.

Minimum of 2 years’ experience in conducting internal audit and report writing Ideal:

  • 2+ years’ experience in conducting internal audit and report writing
  • Experience in Data Analytics and Computer Assisted Audit Techniques (CAATs)
  • Experience conducting audits within a financial services company
  • Experience in auditing EDCs/attorneys and debt buyers
  • Qualifications (Minimum)
  • Bachelor’s Degree in Accounting – Financial Accounting or Commerce

Qualifications (Ideal or Preferred)

  • Honours Degree in Accounting – Financial Accounting or Commerce

Knowledge Minimum:

  • Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards and International Standards for the Professional Practice of Internal Auditing (ISPPIA).
  • Proficiency in accounting principles and techniques regarding working with financial reports
  • Business products, processes, policies and systems
  • Internal Auditing procedures and standards
  • Management principles to recognise and evaluate the materiality and significance of deviations from good business practice
  • The fundamentals of accounting, commercial law, taxation, finance, quantitative methods and information technology


  • Attorneys’ and debt collectors’ accounting practices (trust accounts etc)
  • Magistrate’s Courts Act and Rules, Legal Practice Act, Debt Collector’s Act, Legal Practice Council Rules, National Credit Act and regulations
  • The collections and/or outsourced recoveries environment
  • Investigating fraud and/or non-compliance with EDCs
  • Thorough knowledge of Capitec Recoveries, Bancs, Webhost etc.


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

Closing Date: 11/08/2023 

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