Compliance Officer I at Sanlam Group

Key responsibilities

• Proactively identify and assess AML/CFT/CPF, sanctions and financial crime related risks in order to provide guidance to the Sanlam Investments Group (SIG) businesses on remedial actions, to assist with the effective management of the financial, reputational, regulatory and compliance risks 
• Develop, enhance and maintain of the AML/CFT/CPF and sanctions framework by ensuring that businesses’ policies, standards and procedures are current and meet both relevant RSA and foreign regulatory requirements.
• Assist the SIG businesses with developing, maintaining and implementing group-wide minimum standards, policies and processes for AML/CFT/CPF and sanctions requirements.
• Review Risk Management and Compliance Programme (RMCP). of the SIG businesses, internal policies and standards
• Keeping abreast of laws, rules, standards, new developments in the AML/CFT/CPF and sanctions
• Interpreting legislation changes and the impact on SIG businesses and ensuring implementation in SIG business operations.
• Responsible for Identifying training needs and must collaborate with the SIG businesses to develop and roll out training on AML/CFT/CPF and sanctions related.
• Review business risk assessments to ensure businesses interpretation is accurate and gaps have been effectively identified, with appropriate actions documented. Track progress on the gaps/ actions identified in these risk assessments.
• Assist with AML Regulatory visits if requested by the SIG Businesses.  
• Consolidate SIG comments and feedback on Group standards and policies, during development or annual review process.
• Responsible for consolidating SIG comments and feedback on proposed legislative changes (Guidance notes, PCCs).
• Provide specialised advice to SIG businesses on escalated matter, with a focus on regulatory requirements, standards and best practice in the fields of financial crime and AML/CFT/CPF and sanctions.
• Form part of the Suspicious Transaction/ Activity Review Committee in order to contribute to the decision making on money laundering alerts.
• Maintain an up to date understanding of money laundering, terrorist/proliferation financing and sanctions, regulations, industry best practice, criminal typologies and developing trends.
• Compile quarterly Finance & Risk Committee as well as Board & Exco reports.
• Assist the SME lead on implementation of AML Gap Analysis Project, including Onboarding and Transaction Monitoring automation.

Minimum requirements

• Bachelor's degree in law, commerce or business science or any related AML, Risk Management, Governance or Compliance qualification.
• At least 3 years of experience in AML/CFT in the financial services sector - experience in an asset/investment management environment would be advantageous.
• Experience in working with AML/CFT-, ABAC-, sanctions- and financial crime risk management software and systems) will be a recommendation.
• Sound knowledge and proficiencies in the use of AML/CFT-, ABAC- and sanctions screening tools, analytical software solutions and investigative technologies. 

Knowledge and skills

• Compliance and legal related project management
• Compliance advice and training
• Documentation and reviews
• Risk Management
• Compliance monitoring and reporting knowledge and application experience of Financial Markets Legislation.
• Behaviour Competencies
• Strong administrative and organisational skills.
• Attention to detail, proactive approach and a lateral thinker.
• Good verbal and written communication skills.
• Ability to work independently as well as part of a team.