Anti-money Laundering Analyst: Sanlam Risk
2 weeks ago
Who are we?
The Sanlam Retail Affluent business (SRA) is dedicated to empower South Africans in the middle
- and upper-income segments to be financially confident, secure and prosperous. With deep client understanding and a focus on excellence in technology, client and intermediary experiences, SRA delivers financial solutions including comprehensive financial planning, life
- and disability insurance, credit solutions, savings and investments, retirement and fiduciary services that can be accessed through various platforms.
Sanlam Risk and Savings (SRS), which is one of the businesses within SRA, offers Risk solutions to various segments within the market.
At Sanlam we believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities. Purpose of the role
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?
**Outputs/ Core tasks**:
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?
**Role Requirements**:
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 advantage
Knowledge
Knowledge of the compliance monitoring process
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) Build a successful career with us
We’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 four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, 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 time
**Closing Date**: 02 May 2023 Our commitment to transformation
The 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.
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