Anti-Money Laundering (AML) & Financial Crime Manager: Group Compliance at Sanlam Group

What will you do?
This role resides in the Group Office, specifically Group Actuarial & Risk (Compliance) and reports into the Head of Group Compliance.

The purpose of the roles is to stablish and manage a financial crime  combating-, sanctions- and anti-money laundering (AML) function in the Sanlam Group Compliance Office to mitigate and manage the risk that the Sanlam Limited Insurance Group (“the Sanlam Group”) and its subsidiaries may be used for money laundering, the financing of terrorism or any other form of financial crime.

What will make you successful in this role?

• Develop, document, maintain and continuously improve the enterprise-wide financial crime risk management framework for the Sanlam Group by attending to the following:
• Proactively identify and assess financial crime related risks and identify, initiate, lead and guide remedial actions, including to effectively manage the financial-, reputational-, regulatory- and compliance risks associated with financial crime related regulation, including AML/CFT legislation;
• Proactively identify financial-, reputational-, regulatory- and compliance risks associated with all financial sanctions regimes applicable and relevant to the Sanlam Group and initiate, lead and guide remedial actions in order to effectively manage the regulatory- and compliance risks associated with financial sanctions;
• Develop, enhance and maintain the Sanlam Group AML/CFT- and sanctions framework by ensuring that Sanlam’s policies, standards and procedures specific to AML/CFT as well as the various sanctions regimes to which the Group is subject are current and meet both relevant RSA requirements as well as the requirements of all other relevant jurisdictions in which the Group does business and/or is regulated; and
• Develop and maintain  group-wide minimum standards for AML/CFT and sanctions screening to which each Sanlam Group entity must adhere;
• Develop, implement and maintain  governance processes for the AML/CFT Risk Management and Compliance Programme (“RMCP”) of the Sanlam Group;
• Providing advice and guidance to entities in the Sanlam Group to develop, enhance and maintain a risk-based approach to AML/CFT compliance across various international jurisdictions;
• Provide specialist advice to Sanlam Group and its business clusters with a focus on international regulatory requirements, standards and best practice in the fields of financial crime, AML/CFT, anti-bribery and anti-corruption (“ABAC”), anti-tax avoidance (ATA) and financial sanctions; and
• Advise on strategic and integrated risk solutions for the resolution of complex AML/CFT-, sanctions- and financial crime related business and regulatory challenges in Sanlam.

Qualifications and Experience

• A bachelor's degree in law, commerce or business science;
• At least 7 years of experience in AML/CFT, ABAC, and sanctions compliance or risk management in the financial services sector;
• Experience with larger, globally operating financial institutions is preferred; and
• Experience in working with AML/CFT-, ABAC-, sanctions- and financial crime risk management and compliance technology solutions (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 projects management
• Compliance advice and training
• Documentation reviews
• Risk Management
• Compliance monitoring and reporting

Personal Attributes

• Business insight - Contributing through others
• Manages complexity - Contributing through others
• Persuades - Contributing through others
• Builds networks - Contributing through others

Closing Date: 28th, March 2022