Jobs at Sanlam

This is a management role that is responsible for overseeing compliance by all legal and business entities within the Sanlam Sky cluster. The incumbent must provide a trusted view on the level of compliance to senior and executive management and coordinate and provide guidance to a team of compliance officers.

Outputs Include

• Coordinate and provide guidance to a team of compliance officers on activities across business entities within a clustering of businesses.
• Analyse and interpret applicable laws and regulation, and use a risk-based approach in developing compliance risk management and monitoring plans for specific legislation.
• Interpret legislation and assist management with practical implementation thereof as required.
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
• Drafting reports on monitoring results to the management of business entities forming part of the business clustering.
• Assist with the promotion of a culture of compliance and awareness within Sanlam Sky by coordinating and implementing compliance projects and training initiatives.
• Provide inputs to external industry bodies relative to specific regulatory topics (e.g. ASISA working groups).
• Escalate any matters that may require the attention of or a decision by the Head of SPF Compliance and/or Sanlam Sky Exco and/or other relevant governing board.
• Maintain good relationships with the various regulators and assist with the compilation of responses pertaining to queries received from the various regulators.
• Assist with the review and reporting of suspicious or unusual transactions as defined and required by the applicable AML/CTF legislation.

What will make you successful in this role?
Qualifications And ExperienceThe Following Will Be RequiredQualification And Experience

• Degree with 6 to 8 years related experience.
• A legal or commercial degree
• Compliance qualification (PG Diploma in Compliance Management would be advantageous)
• Meeting the competence, qualifications and experience requirements to be registered as Head of Compliance Control Function with the Prudential Authority and a Compliance Officer with the Financial Sector Conduct Authority would be advantageous.
• 5-8 years financial services compliance experience, of which at least 3 years must have been in a management role.
• Knowledge of the financial services industry, especially insurance
• A thorough understanding and knowledge of compliance risk management and monitoring programmes.
• A thorough understanding and knowledge of the regulatory requirements impacting on the various businesses in Sanlam Sky (e.g. FAIS, FICA, LTIA, PPR, POPIA, PFA) will be advantageous.

go to method of application »

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.