Job Description

Who we are?Sanlam Investment Group
The Sanlam Investment Group is uniquely equipped and positioned to deliver on its purpose of empowering generations to be financially confident, secure and prosperous. Through our vast in-house expertise and strategic partner networks, we can access all asset classes across the globe, private and public, actively and passively managed, to develop investment solutions that are in our clients' best interests and have a positive impact on society. Backed by the Sanlam Group's balance sheet, the Sanlam Investment Group has a true competitive advantage in its ability to invest alongside clients, particularly in private markets where impact investing drives the agenda.The Sanlam Investment Group is one of the largest, most diversified financial services and investment firms in Southern Africa with assets under management and administration of more than R2 trillion. It is a B-BBEE level 1 contributor and one of the largest black-empowered asset managers on the African continent.Key responsibilities

• Proactively identify and assess AML/CFT/CPF, sanctions and financial crime related risks in order to provide guidance to the Sanlam Investments Group (SIG) businesses on remedial actions, to assist with the effective management of the financial, reputational, regulatory and compliance risks
• Develop, enhance and maintain of the AML/CFT/CPF and sanctions framework by ensuring that businesses' policies, standards and procedures are current and meet both relevant RSA and foreign regulatory requirements.
• Assist the SIG businesses with developing, maintaining and implementing group-wide minimum standards, policies and processes for AML/CFT/CPF and sanctions requirements.
• Review Risk Management and Compliance Programme (RMCP). of the SIG businesses, internal policies and standards
• Keeping abreast of laws, rules, standards, new developments in the AML/CFT/CPF and sanctions
• Interpreting legislation changes and the impact on SIG businesses and ensuring implementation in SIG business operations.
• Responsible for Identifying training needs and must collaborate with the SIG businesses to develop and roll out training on AML/CFT/CPF and sanctions related.
• Review business risk assessments to ensure businesses interpretation is accurate and gaps have been effectively identified, with appropriate actions documented. Track progress on the gaps/ actions identified in these risk assessments.
• Assist with AML Regulatory visits if requested by the SIG Businesses.
• Consolidate SIG comments and feedback on Group standards and policies, during development or annual review process.
• Responsible for consolidating SIG comments and feedback on proposed legislative changes (Guidance notes, PCCs).
• Provide specialised advice to SIG businesses on escalated matter, with a focus on regulatory requirements, standards and best practice in the fields of financial crime and AML/CFT/CPF and sanctions.
• Form part of the Suspicious Transaction/ Activity Review Committee in order to contribute to the decision making on money laundering alerts.
• Maintain an up to date understanding of money laundering, terrorist/proliferation financing and sanctions, regulations, industry best practice, criminal typologies and developing trends.
• Compile quarterly Finance & Risk Committee as well as Board & Exco reports.
• Assist the SME lead on implementation of AML Gap Analysis Project, including Onboarding and Transaction Monitoring automation.

Minimum 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.

Knowledge and skills

• Compliance and legal related project management
• Compliance advice and training
• Documentation and reviews
• Risk Management
• Compliance monitoring and reporting knowledge and application experience of Financial Markets Legislation.
• Behaviour Competencies
• Strong administrative and organisational skills.
• Attention to detail, proactive approach and a lateral thinker.
• Good verbal and written communication skills.
• Ability to work independently as well as part of a team.

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 CompetenciesBeing resilient - Contributing independentlyCollaborates - Contributing independentlyCultivates innovation - Contributing independentlyCustomer focus - Contributing independentlyDrives results - Contributing independentlyTurnaround 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.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 ensure 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.

Sanlam