Anti Money Laundering (AML) Specialist: Job Grade: 10/11 TBC: SLS Finance: Compliance: Bellville

Sanlam Limited; Bellville; On-site; USD 40,000 - 70,000; Full time

Job summary

Sanlam Limited seeks an experienced Anti Money Laundering (AML) Specialist to support compliance management within their Bellville operation. The successful candidate will engage with stakeholders, conduct regulatory analysis, and ensure adherence to AML standards. Candidates should have a relevant Bachelor's Degree and significant experience in AML roles, preferably within the insurance sector, to effectively manage compliance risks and contribute to maintaining high standards of regulatory adherence.

Qualifications

• Minimum 5 years working experience in an AML/CFT/CPF role.
• Experience in the insurance industry and regulatory compliance.
• Knowledge of FICA and regulatory reporting obligations.

Responsibilities

• Support management and business in compliance and regulatory risk management.
• Engage with stakeholders to provide advice on AML/CFT controls.
• Conduct AML/CFT training and ensure alignment with compliance policies.

Skills

Strong communication skills

Problem-solving skills

Ability to work without supervision

Stakeholder management

Education

Relevant Bachelor's Degree

Certified Anti-Money Laundering Specialist (CAMS)

AML CPrac – Compliance Institute of South Africa

Tools

goAML

Word

PowerPoint

Excel

Outlook

Job description

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Anti Money Laundering (AML) Specialist: Job Grade: 10/11 TBC: SLS Finance: Compliance: Bellville

Location:

Bellville, Western Cape, ZA

Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions, which includes Finance; SanlamConnect; etc.

Sanlam FinTech (SFT) is a newly established digital first business on a mission to democratize financial advice and solutions across the African continent and to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth.

The SLS/SFT Anti-Money Laundering Office provides strategic direction, coordination and support to the clusters/businesses in fulfilment of meeting the Sanlam Group AML Standards. The SLS/SFT Anti-Money Laundering Office in this instance, provides support to the first line defence function in business while simultaneously supporting the Group Legal, Compliance and Financial Crime Office.

The role is to support management and business areas in the execution of their responsibilities to manage compliance and regulatory risk in terms of Anti-Money Laundering (AML), Terrorist Financing (TF) and Proliferation Financing of WMD (PF). Support to management and business means that you will

• Regularly engage with business stakeholders across multiple products, to provide advice, input, oversight and guidance on AML/CFT/CPF controls to maintain an efficient risk-based approach in respect of minimum standards, strategies, projects, plans, initiatives, reporting, and other relevant activities.
• Make key contributions and support businesses in ensuring maintenance of the Risk Management and Compliance Program (RMCP) by conducting research and analysis and staying abreast of new or amended legislation to align local AML/CFT requirements and international best practices, as applicable
• Recommend any changes to RMCP and/or operating procedures as required considering regulation or procedural changes and when required provide input into the development of new operating procedures
• Provide input into reports/submissions to regulatory bodies, internal committees and structures if and when required.
• Serve as the MLRO, respond to any FIC enquiries and collate, analyse and draft all regulatory reports for your area of responsibility.
• Recommend any changes to operating procedures as required considering regulation or procedural changes and when required provide input into the development of new operating procedures
• Ensure that business is supported to align with the Group Compliance policies and standards at all times.
• Proactively identify and assess AML/CFT/CPF related risks and where necessary propose the necessary remediation where there are deficiencies
• Conduct AML/CFT/CPF training when required.

What will make you successful in this role?

• Ability to work without supervision
• Efficient, well-organised and good problem-solving skills.
• Strong communication skills both written and verbal
• Credible and assertive manner.
• Discretion and resilience.
• Professional manner with the ability to influence and persuade
• Proficiency in Word, PowerPoint, Excel, and Outlook

Role Requirements

Qualifications
⦁ A relevant Bachelor's Degree or equivalent qualification
⦁ Certified Anti-Money Laundering Specialist (CAMS) qualification will be advatntagious
⦁ AML CPrac – Compliance Institute of South Africa will be advantagious

Experience and Knowledge
⦁ A minimum of 5 years working experience in an AML/CFT/CPF role similar to the above
⦁ Experience with goAML and/or related systems with regulatory authorities
⦁ Prior experience in the insurance industry (across multiple products) in a similar role will be advantigous
⦁ Stakeholder management
⦁ Sound knowledge of FICA, related regulator guidance and directives, and best practice.
⦁ Knowledge of accountable institution responsibilities and regulatory reporting obligations
⦁ Insurance industry knowledge in the context of AML/CFT/CPF regulatory framework

Core Competencies

⦁ Cultivates innovation – Contributing independently
⦁ Customer focus – Contributing independently
⦁ Drives results – Contributing independently
⦁ Collaborates – Contributing independently
⦁ Being resilient – Contributing independently

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 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.

Turnaround time

• The closing date is 02 July 2025
• 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.

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.