Anti-Money Laundering Analyst at Sanlam Group

The primary purpose of the Anti-Money Laundering Analyst is to develop the capability to address party due diligence in a manner that will enable the business to meet the requirements of AML/CFT standards, and other regulatory requirements that expressly or implicitly require such due diligence prior to transacting and during the course of the business relationship.

Key Outcomes

The following outcomes will be expected to be achieved by the Anti-Money Laundering Analyst:

• Review of alerts generated by screening tool case management system
• Compare similarity of customer data against potential sanctions and other watch list matches
• Ongoing monitoring of and high-risk clients
• Investigate source of funds for medium-risk clients
• Suspicious transaction reporting to Anti-Money Laundering Reporting Officer
• Conducting Enhanced Due Diligence on high risk clients
• Determine final status of true match or false positive based on Sanlam Group standardised elimination criteria with a supporting rationale conforming to standard required for audit
• Escalate any alerts where either a final determination cannot yet be made or where any other escalation criteria are met
• Perform review of previous work done by other Analysts (Level 1) on same alert and either confirm that their findings are in accordance with yours or reject the alert due to conflicting findings
• Performs other related duties as assigned

Qualifications And Experience

• Relevant Tertiary qualification
• Anti-Money Laundering qualification to your advantage
• 2 years Anti-Money Laundering experience in the Financial services industry
• Computer literacy (MS Office)

Competencies

• Attention to detail
• Managing workload
• Information gathering and monitoring

Attributes

• Positive, enthusiastic attitude
• Ability to thrive under pressure
• Honesty, integrity and respect

Knowledge And Skills

• Demonstrates an understanding of business processes and the incidents being reported.