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

Sanlam; Bellville; On-site; ZAR 500,000 - 800,000; Full time

Job summary

Sanlam is seeking a compliance professional to support AML efforts in a dynamic environment. The role involves management of compliance and regulatory risks associated with AML, engaging stakeholders, and aligning with compliance policies. Candidates should possess a bachelor’s degree and relevant AML certification, with experience in the financial sector required. Join us to build a successful career focused on transformation and inclusion.

Qualifications

• At least 5 years of experience in AML/CFT/CPF roles.
• Experience with compliance regulatory frameworks in the insurance sector.
• Proficient in relevant software tools like goAML.

Responsibilities

• Provide advice on AML/CFT/CPF controls.
• Maintain the Risk Management and Compliance Program.
• Serve as the MLRO and prepare regulatory reports.

Skills

Strong communication skills

Decision making

Problem-solving

Stakeholder management

Education

Bachelor’s Degree or equivalent

Certified Anti-Money Laundering Specialist (CAMS)

AML CPrac – Compliance Institute of South Africa

Tools

goAML or similar systems

MS Word

PowerPoint

Excel

Outlook

Job description

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. SLS comprises various business units including Retail Mass, Corporate, Risk and Savings, Glacier, and enabling functions like Finance and SanlamConnect.

Sanlam FinTech (SFT) is a newly established digital-first business aimed at democratizing financial advice and solutions across Africa, fostering inclusive financial confidence, and helping bridge the gap in generational wealth.

The SLS/SFT Anti-Money Laundering Office provides strategic direction, coordination, and support to ensure compliance with Sanlam Group AML Standards, supporting the first line of defense and Group Legal, Compliance, and Financial Crime Office.

What will you do?

The role involves supporting management and business areas in managing compliance and regulatory risks related to Anti-Money Laundering (AML), Terrorist Financing (TF), and Proliferation Financing of WMD (PF). Responsibilities include:

1. Engaging with stakeholders across products to provide advice and oversight on AML/CFT/CPF controls.
2. Maintaining the Risk Management and Compliance Program (RMCP) by conducting research and aligning with legislation and best practices.
3. Recommending changes to RMCP and operating procedures based on regulatory updates.
4. Assisting with regulatory reports and submissions.
5. Serving as the MLRO, responding to FIC inquiries, and preparing regulatory reports.
6. Supporting alignment with Group Compliance policies.
7. Identifying AML/CFT/CPF risks and proposing remediation.
8. Conducting AML/CFT/CPF training as needed.

What will make you successful in this role?

• Ability to work independently
• Organization and problem-solving skills
• Strong communication skills
• Credibility and assertiveness
• Discretion and resilience
• Professional influence and persuasion skills
• Proficiency in MS Word, PowerPoint, Excel, Outlook

Role Requirements

Qualifications

• Bachelor’s Degree or equivalent
• Certified Anti-Money Laundering Specialist (CAMS) preferred
• AML CPrac – Compliance Institute of South Africa advantageous

Experience and Knowledge

• At least 5 years in AML/CFT/CPF roles
• Experience with goAML or similar systems
• Insurance industry experience is advantageous
• Stakeholder management skills
• Knowledge of FICA, regulator guidance, and best practices
• Understanding of accountable institution responsibilities
• Knowledge of AML/CFT/CPF regulatory frameworks in insurance

Behavioral Competencies

• Decision making
• Effective communication
• Planning and alignment
• Work process optimization

Core Competencies

• Innovation
• Customer focus
• Results orientation
• Collaboration
• Resilience

Build a successful career with us

We value strong relationships and support employee growth and development across our business clusters, including Sanlam Fintech, Life and Savings, Investment Group, Allianz, Santam, MiWay, and the Group Office.

Turnaround time

• Closing date: 02 July 2025
• Shortlisting begins after the closing date
• The process duration depends on candidate progression and management availability

Our commitment to transformation

Sanlam is committed to diversity, inclusion, and transformation, aiming for an equitable workplace. Employment Equity targets will be considered during selection.