Anti-Money Laundering Analyst

2 weeks ago

South Africa Sanlam Limited Full time
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Bellville, Western Cape, South Africa Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratize financial advice and solutions for everyone across the African continent.

We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture is that of agility and constant deployment, we believe in learning fast, learning cheap and learning forward.

Our aim is to provide a work environment where knowledge workers can accelerate the development of their ideas and bring innovation to market, at the same time provide compelling career and development proposition that will enable them to realize their dreams.

Purpose of the roleThe 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 relationshipWhat 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. Qualification
  • Relevant tertiary qualification
  • Anti-Money Laundering or Compliance Management 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 advantageKnowledge
  • Knowledge of the compliance monitoring process
  • Knowledge of products and services in the Financial services industry. What will make you successful in this role?
  • 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)Knowledge and Skills Demonstrates an understanding of business processes and the incidents being reported. Obtains as much detail of reported allegation as possible to ensure information supports a forensics investigation, whilst maintaining anonymity of caller. Accountable for receiving incoming calls from anonymous whistle blowers in a professional manner Displays sound judgement in respect of urgency and sensitivity of information received. Data analytics and reporting Personal Attributes Interpersonal savvy - Contributing independently Instills trust - Contributing independently Plans and aligns - Contributing independently Decision quality - Contributing independently Build a successful career with usWe're all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth.

Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies Being resilient - Contributing independently Collaborates - Contributing independently Cultivates innovation - Contributing independently Customer focus - Contributing independently Drives results - Contributing independently Turnaround timeThe shortlisting process will only start once the application due date has been reached.

The time taken to complete this process will depend on how far you progress and the availability of managers. Our commitment to transformationThe Sanlam Group is committed to achieving transformation and embraces diversity.

This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.

The Group's Employment Equity plan and targets will be considered as part of the selection process.#J-18808-Ljbffr

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