AML Analyst at Sanlam Group

Key responsibilities

Client Onboarding

• Perform client identification and verification of KYC/FICA documents.
• Manage client queries and escalate complex onboarding issues where required.
• Conduct adverse media, sanctions, and PEP screenings.
• Perform initial client risk assessments and Enhanced Due Diligence (EDD) on high-risk clients, PEPs and RCAs.
• Escalate PEPs, RCAs, and high-risk clients to senior management and/or EDD committee for decision on the relationship/ transaction.
• Refer cases to Sanlam Investments AML Centre of Excellence; Compliance, or Sanlam Forensics when additional guidance is required.4
• Maintain accurate records of all onboarding documentation.

Ongoing Due Diligence (ODD)

• Maintain and update client information on ORMS and source systems.
• Conduct 1, 3, and 5-year periodic reviews per business standards.
• Manage due diligence trigger events and termination processes.
• Perform screenings at termination and update active/inactive statuses on ORMS and internal systems.
• Conduct annual maintenance screening and perform file drop processes in both test and production environments to determine accuracy of data.
• Investigate and clear potential PEP/adverse media hits from screening alerts.
• Re-risk rate clients (when applicable).
• Perform Due Diligence on third-parties.
• Conduct transaction monitoring.
• Conduct KYC/FICA validations related to third-party payments.

Projects

• Assist in remediation efforts and regulatory projects.
• Participate in User Acceptance Testing (UAT) for ORMS, AML System and DRA updates.
• Collaborate on Sanlam initiatives including AL/CFT/CPF and process changes.

Advice and Channels

• Provide AML/ODD guidance across Sanlam Investments Group (SIG), including onboarding, screenings, and documentation.
• Collate KYC/FICA files for audits and reviews.
• Respond to information requests from compliance and auditors.
• Generate internal and external management reports.
• Draft and maintain Standard Operating Procedure documents.

Regulatory Reporting and Risk Management

• Monitor, review, and respond to FIC regulatory requests and directives (s27, s32, s34, s35).
• Report STRs, SARs, TFTRs, and TFARs to the FIC within 15 days of suspicion.
• Submit TPRs (s28A), CTRs (s28), and IFTRs (s31) (where required) within legislated timeframes.
• Maintain accurate and auditable records for 5 years.
• Conduct investigations on STRs, SARs, TFTRs, and TFARs and escalate to the Suspicious Transaction and Unusual Activity Reporting Review Committee for decision making on whether to report.

Client Experience

• Ensure smooth onboarding aligned with client/ counterparty expectations.
• Respond to external due diligence requests and structure-related KYC queries.

Minimum requirements

• Bachelor's degree in law, commerce or business science or any related AML, Risk Management, Governance or Compliance qualification.
• At least 3 years of experience in AML/CFT in the financial services sector - experience in an asset/investment management environment would be advantageous.
• Experience in working with AML/CFT-, ABAC-, sanctions- and financial crime risk management software and systems) will be a recommendation.
• Sound knowledge and proficiencies in the use of AML/CFT-, ABAC- and sanctions screening tools, analytical software solutions and investigative technologies. 

Knowledge and skills

• Compliance and legal related project management
• Compliance advice and training
• Documentation and reviews
• Risk Management
• Compliance monitoring and reporting knowledge and application experience of Financial Markets Legislation.
• Behaviour Competencies
• Strong administrative and organisational skills.
• Attention to detail, proactive approach and a lateral thinker.
• Good verbal and written communication skills.
• Ability to work independently as well as part of a team.