Anti-Money Laundering Analyst

Sanlam Limited; Bellville; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A prominent financial services company located in Bellville seeks an Anti-Money Laundering Analyst to evaluate client profiles and ensure compliance with AML regulations. Candidates should have a Grade 12 qualification and preferably a tertiary qualification, along with 2 years of experience in the financial services industry, particularly in anti-money laundering. The role involves reviewing alerts, conducting due diligence, and reporting suspicious transactions. This opportunity offers career growth within a dynamic team.

Benefits

Opportunities for growth and development

Diverse workplace

Inclusive corporate culture

Qualifications

• Grade 12 or equivalent required.
• Relevant tertiary qualification will be an advantage.
• 2 years Anti-Money Laundering experience in the financial services industry.

Responsibilities

• Review alerts generated by screening tools.
• Conduct Enhanced Due Diligence on high-risk clients.
• Report suspicious transactions to the AML Reporting Officer.

Skills

Analytical thinking

Computer skills (MS Office – Word and Excel)

Customer focus

Drives results

Knowledge of AML laws and regulations

Education

Relevant tertiary qualification

Tools

Epsilon

Sentrix

SIRON

Job description

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. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

Sanlam Risk & Savings, which is one of the businesses within SLS, offers Risk and Savings solutions to various segments within the market.

Job Purpose

The primary purpose of the is to evaluate & assess client profiles through customer / party due diligence tools and techniques in a manner that will enable the business to meet the requirements of Anti Money Laundering (AML)/ Combating Financing Terrorism (CFT) standards, and other regulatory requirements that expressly or implicitly require such due diligence prior to transacting and during the course of the business relationship.

What will you do?

The following outcomes will be expected to be achieved by the Anti- Money Laundering Analyst:

• Review of alerts generated by screening tool case management system.
• Compare similarity of customer data against potential sanctioned, politically exposed persons (PEP) & Special Interest Persons (SIP) watch list matches.
• Ongoing monitoring of high-risk clients.
• Suspicious transaction reporting to Anti-Money Laundering Reporting Officer.
• Conducting Enhanced Due Diligence on high risk clients.
• Determine final status of true match or false positive based on Sanlam Group standardised elimination criteria with a supporting rationale conforming to standard required for audit.
• Escalate any alerts to Senior Management in the form of an Enhanced Due Diligence (EDD) draft report where either a final determination cannot yet be made or where any other escalation criteria are met.
• Follow a four eyed approach to either confirm that their findings are in accordance with yours or reject the alert due to conflicting findings.
• Record keeping to ensure EDD’s are correctly logged and followed up should additional controls be requested by Business Unit heads.
• Manage Business Unit mailboxes which requires screening on new or feedback on existing clients.
• Performs other related duties as assigned.

What will make you successful in this role?

Qualification

• Grade 12
• Relevant tertiary qualification will be an advantage.

Experience

• 2 years Anti-Money Laundering experience in the financial services industry.
• Experience in Epsilon, Sentrix, Legacy systems will be an advantage.
• Exposure to screening tools (SIRON) and techniques will be an advantage.

Knowledge

• Knowledge of the AML laws and regulations, risk-based compliance frameworks, customer due diligence (CDD/EDD), transaction monitoring, and reporting obligations.
• Knowledge of products and services in the financial services industry.
• Analytical thinking
• Cultivates innovation
• Plans and aligns
• Concern for accuracy
• Drives results
• Influencing and gaining commitment
• Team success
• Computer skills (MS Office – Word and Excel)

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.

Core Competencies

Being resilient - Contributing independently

Collaborates - Contributing independently

Cultivates innovation - Contributing independently

Customer focus - Contributing independently

Drives results - Contributing independently

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.

Closing date: 30 January 2026

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.