Sanlam

AML Analyst

Sanlam

full-time

Posted on:

Location Type: Office

Location: Cape Town • South Africa

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About the role

  • Perform client identification and verification of KYC/FICA documents.
  • Manage client queries and escalate complex onboarding issues where required.
  • Conduct adverse media, sanctions, and PEP screenings.
  • Perform initial client risk assessments and Enhanced Due Diligence (EDD) on high-risk clients, PEPs and RCAs.
  • Escalate PEPs, RCAs, and high-risk clients to senior management and/or EDD committee for decision on the relationship/transaction.
  • Refer cases to Sanlam Investments AML Centre of Excellence; Compliance, or Sanlam Forensics when additional guidance is required.
  • Maintain accurate records of all onboarding documentation.
  • Maintain and update client information on ORMS and source systems.
  • Conduct 1, 3, and 5-year periodic reviews per business standards.
  • Manage due diligence trigger events and termination processes.
  • Perform screenings at termination and update active/inactive statuses on ORMS and internal systems.
  • Conduct annual maintenance screening and perform file drop processes in both test and production environments to determine accuracy of data.
  • Investigate and clear potential PEP/adverse media hits from screening alerts.
  • Perform Due Diligence on third-parties.
  • Conduct transaction monitoring.
  • Assist in remediation efforts and regulatory projects.
  • Participate in User Acceptance Testing (UAT) for ORMS, AML System and DRA updates.
  • Provide AML/ODD guidance across Sanlam Investments Group (SIG), including onboarding, screenings, and documentation.
  • Collate KYC/FICA files for audits and reviews.
  • Respond to information requests from compliance and auditors.
  • Generate internal and external management reports.
  • Monitor, review, and respond to FIC regulatory requests and directives (s27, s32, s34, s35).
  • Report STRs, SARs, TFTRs, and TFARs to the FIC within 15 days of suspicion.
  • Submit TPRs (s28A), CTRs (s28), and IFTRs (s31) (where required) within legislated timeframes.
  • Maintain accurate and auditable records for 5 years.
  • Conduct investigations on STRs, SARs, TFTRs, and TFARs and escalate to the Suspicious Transaction and Unusual Activity Reporting Review Committee for decision making on whether to report.
  • Ensure smooth onboarding aligned with client/counterparty expectations.
  • Respond to external due diligence requests and structure-related KYC queries.

Requirements

  • Bachelor's degree in law, commerce or business science or any related AML, Risk Management, Governance or Compliance qualification.
  • At least 3 years of experience in AML/CFT in the financial services sector - experience in an asset/investment management environment would be advantageous.
  • Experience in working with AML/CFT-, ABAC-, sanctions- and financial crime risk management software and systems will be a recommendation.
  • Sound knowledge and proficiencies in the use of AML/CFT-, ABAC- and sanctions screening tools, analytical software solutions and investigative technologies.
Benefits
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Applicant Tracking System Keywords

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Hard Skills & Tools
KYCFICAEnhanced Due Diligenceadverse media screeningsanctions screeningtransaction monitoringdue diligencerisk assessmentinvestigative technologiesanalytical software
Soft Skills
client managementproblem-solvingcommunicationattention to detailorganizational skillscollaborationreportingescalationremediationaudit preparation
Certifications
Bachelor's degree in lawBachelor's degree in commerceBachelor's degree in business scienceAML qualificationRisk Management qualificationGovernance qualificationCompliance qualification