AML Analyst

Sanlam; Bellville; On-site; ZAR 300,000 - 500,000; Full time

Job summary

A leading financial services firm in Bellville seeks an AML Analyst to investigate fraud cases and manage compliance processes. The ideal candidate has a tertiary qualification, 2-3 years in financial services, and strong analytical skills. Competitive career development opportunities are available within the firm.

Benefits

Career development opportunities

Commitment to employee transformation and diversity

Qualifications

• 2 to 3 years AML/Financial Services Experience.

Responsibilities

• Investigate and report Section 27 requests and Fraud Cases.
• Manage KYC processes for ongoing and terminated customers.
• Ensure adherence to FICA regulations.

Skills

Excellent written and verbal communication skills

In-depth knowledge of internal control concepts

Collaboration

Proficient in using Microsoft Office Suite

Research and due diligence skills

System automation skills

Education

Tertiary Qualification

Job description

Who are we?

Sanlam Private Wealth crafts customised investment portfolios for high net worth private clients, charitable institutions, trusts and corporate entities.

With assets under management and administration of more than R240 billion, we offer a comprehensive and integrated suite of wealth management solutions. These include equity, retirement and offshore investment portfolios, fiduciary and tax services, an equity-backed finance offering, a global stockbroking service and derivatives trading.

At Sanlam Private Wealth, our clients are at the core of everything we do. For this reason, we employ people with passion – individuals who thrive in an entrepreneurial, high-energy environment.

Sanlam Private Wealth is part of the Sanlam Investment Group – the largest, most diversified investment firm in South Africa, with a growing footprint on the African continent and in India.

What will you do?

• First Line AML Analyst function relating to investigating and reporting Section 27 request and Fraud Cases (GO AML)
• Second Line AML Analyst duties include but not limited to:
• On-boarding function
• KYC On-going Customer Due Diligence Process
• KYC Termination Functions
• Annual Data Maintenance
• ORMS dashboard Case Management
• Third Party Payments
• AML documentation quality assessment
• Customer due diligence processes
• Conduct exit process of clients
• Enhanced due diligence
• Offshore account opening with regards to AML
• Process entity AML due diligence
• Counter party AML due diligence
• Suspicious and transactional monitoring and reporting
• Enhance DD at onboarding for high risk cases
• Co-create and contribute to a client centric on-boarding process and framework
• Ensure adherence to the FICA regulation
• Implementation of any gaps/systems identified by the SIG AML CoE and Sanlam Group relating to the AML Operations Function
• Ensure adherence to the Risk Management Compliance Plan and contribute to any changes
• Adhoc AML Project related duties
  

What will make you successful in this role?

• Ability to implement effectively and efficiently
• Ability to measure and analyse the effectiveness of marketing initiatives
  
  

Qualification and Experience

• Tertiary Qualification
• 2 to 3 years AML/Financial Services Experience
  
  

Knowledge and skills

• Excellent written and verbal communication skills
• In-depth knowledge of internal control concepts, preferably in a financial services context
• Collaboration – experience in working inclusively with others / in a team context
• Proficient in using Microsoft Office Suite, specifically Excel and similar applications
• Working knowledge and application experience of Financial Markets Legislation is key
• Key Acts: FAIS (essential), JSE Rules and Directives (essential), Advantageous supplementary experience: FICA/AML, FATCA, POPIA, Regulation 28 etc.
• Technical understanding of financial products and instruments advantageous
• Research and due diligence skills
• System automation skills (Innovative ideas on possibility to automate processes/procedures)
• Ability to understand broader business issues, to apply holistic insight and acumen in integration of processes
  
  

Personal Qualities

• Highly motivated, proactive, taking ownership of problems until they are resolved.
• Highly organized with a high level of customer focus
• Excellent time management
• Accuracy and detail orientated
• Ability to perform well under pressure and show maturity, confidence and resilience in challenging environments.
• Excellent listening, communication and interpersonal skills
• Pro-Active and innovative approach to work, clients and problem-solving
• Learning agility and curiosity
• Assertive
• Passionate ownership of results
  
  

Our aim is to help you 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 achieving great things. We pride ourselves in helping our employees to realise their worth.

Through its business clusters – Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, Santam, Mi-way, as well as the Group Office – the Sanlam Group provides many opportunities for growth and development.

Turnaround time

The 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.

• To be considered for the above opportunity please upload your detailed CV on or before 27 August 2025.
• Please note that if you are not contacted within two weeks after the closing date your application has been unsuccessful.
  
  

Our commitment to transformation

The Sanlam Group is committed to transformation and embracing diversity, and our employment equity plan and targets will be considered as part of the recruitment process. 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.