Anti-Money Laundering Analyst: SLS: Sanlam Risk & Savings: Bellville: PG 8 at Sanlam Group

Job Purpose

• The primary purpose of the is to evaluate & assess client profiles through customer / party due diligence tools and techniques in a manner that will enable the business to meet the requirements of Anti Money Laundering (AML) 
• Combating Financing Terrorism (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.

What will you do?

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 sanctioned, politically exposed persons (PEP) & Special Interest Persons (SIP) watch list matches.
• Ongoing monitoring of high-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 to Senior Management in the form of an Enhanced Due Diligence (EDD) draft report where either a final determination cannot yet be made or where any other escalation criteria are met.
• Follow a four eyed approach to either confirm that their findings are in accordance with yours or reject the alert due to conflicting findings.
• Record keeping to ensure EDD’s are correctly logged and followed up should additional controls be requested by Business Unit heads.
• Manage Business Unit mailboxes which requires screening on new or feedback on existing clients.
• Performs other related duties as assigned.

What will make you successful in this role?

Qualification:

• Grade 12
• Relevant tertiary qualification will be an advantage.

Experience:

• 2 years Anti-Money Laundering experience in the financial services industry.
• Experience in Epsilon, Sentrix, Legacy systems will be an advantage.
• Exposure to screening tools (SIRON) and techniques will be an advantage.

Knowledge

• Knowledge of the AML laws and regulations, risk-based compliance frameworks, customer due diligence (CDD/EDD), transaction monitoring, and reporting obligations.
• Knowledge of products and services in the financial services industry. 

Competencies:

• Communicates effectively
• Decision quality
• Analytical thinking
• Cultivates innovation
• Plans and aligns
• Concern for accuracy
• Customer focus
• Collaborates
• Drives results
• Influencing and gaining commitment
• Team success
• Being resilient
• Computer skills (MS Office – Word and Excel)