Job Description

Full job descriptionWho 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 and Savings (SRS), which is one of the businesses within SLS, offers Risk and Savings solutions to various segments within the market. Job Purpose This exciting career opportunity is responsible to ensure implementation of compliance across the business value chain for Sanlam Risk and Savings and other Sanlam Life & Savings businesses for certain regulations where Risk and Savings take the lead e.g. PDD Remediation of the Sanlam Life client base. Businesses impacted include Sanlam Risk and Savings Sanlam Life Investments, Glacier Single Premium and Business Shared Services. Formalise and communicate regulatory requirements (AML, CTF and PF) to ensure compliance. Implement and uphold company policies and procedures that relates to best practice to maintain corporate governance and competitive edge. Manage a team of AML Analysts with the purpose of ensuring compliance to FICA and related legislation. What will you do? FICA and Similar AML Legislation Ensure business always screens against most recent watch lists.Monitor PEP’s and high-risk clients on an ongoing basis – strategically and operationally.Report suspicious transactions to Anti-Money Laundering Reporting Officer:Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.Perform Enhanced Due Diligence QA / checks on high-risk clients.Monitor Dynamic Risk assessment reports to recommend changes if required.Management reporting:Monitor preparation of monthly and quarterly Compliance Reports.Maintain regulatory or compliance documentation.Analyse risks to minimize losses or damages.