AML Analyst at Sanlam Group

What will you do?

• AML Client Onboarding / Client Updates: 
• Conducting quality assurance checks on AML packs submitted for new clients to ensure compliance with SPW CDD requirements. 
• Conducting screening via ORMS and investigating the case appropriately in SIRON. 
• Managing ORMS and SIRON dashboards. 
• Conducting dynamic risk assessment on the clients  
• Performing validation and verification of KYC documentation. 
• Identifying, investigating, and escalating Politically Exposed Persons. 
• Performing enhanced due diligence searches for clients and principals associated with high-risk clients. 
• Ensuring operational adherence to FICA regulations. 
• Investigating the client for any potential adverse media 
• Collaborating and engaging with various role players within the business to streamline the client onboarding process
• Utilizing internal and external databases for research and due diligence purposes. 
• Responsible for offshore account opening with regards to AML 
• AML Ongoing Due Diligence/ Trigger events / Termination / Escalations:
• Conducting client due diligence checks on existing clients, determining the  necessary level of  scrutiny to comply with Anti-Money Laundering Regulations. 
• Collaborating with various stakeholders across the business to ensure timely updates to client identification and accurate documentation of changes in ownership structure and beneficial ownership. 
• Validating and verifying KYC documentation. 
• Compiling AML Refresh Packs.
• Utilizing internal and external databases for research and due diligence purposes. 
• Identifying, investigating, and escalating potential and confirmed Politically Exposed Persons and other high-risk entities. 
• Conducting enhanced due diligence searches for clients and principals associated with high-risk clients. 
• Handling termination functions as part of operational duties. 
• Managing annual data maintenance functions. 
• Ensuring operational adherence to FICA regulations. 
• Implementing AML processes and procedures in accordance with the Risk Management Compliance Plan and regulatory requirements.
• Responsible for offshore account opening with regards to AML 
• Responsible for on-going AML monitoring 

AML Procedures/ Projects:

• Responsible for AML within special business projects 
• Responsible for the implementation of any gaps/systems identified by the SIG  AML CoE and Sanlam Group relating to the AML Operations Function 
• Regulatory Reporting, section 27 request, Fraud cases etc 
• Collaborating with various Sanlam AML teams  
• Ensuring adherence to the FICA regulation operationally 
• Execute the AML processes and procedures in line with Risk Management Compliance Plan and regulation

Qualification and Experience

• Tertiary Qualification
• 2 to 3 years AML/Financial Services Experience   

Knowledge and Skills

• Excellent written and verbal communication skills
• In-depth knowledge of internal control concepts, preferably in a financial services context
• Collaboration – experience in working inclusively with others / in a team context
• Proficient in using Microsoft Office Suite, specifically Excel and similar applications
• Working knowledge and application experience of Financial Markets Legislation is key
• Key Acts: FAIS (essential), JSE Rules and Directives (essential), Advantageous supplementary experience: FICA/AML, FATCA, POPIA, Regulation 28 etc.
• Technical understanding of financial products and instruments advantageous
• Research and due diligence skills
• System automation skills (Innovative ideas on possibility to automate processes/procedures)
• Ability to understand broader business issues, to apply holistic insight and acumen in integration of processes