Internal Governance Officer: SLS: Sanlam Risk & Savings: Bellville: PG 11-12

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:

1. • 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.

• Identify opportunities for enhancement of policies, standards and controls for potential improvements in training and communication programs.
• Provide recommendations for business based on Group Compliance Officer requirements.
• Manage the Party Due Diligence (PDD) department to make structural and strategic decisions which include PDD Analysts, FICA Specialists and a Compliance Administrative Assistant.
• Assist PDD Analysts from an administration point of view with the focus on productivity.
• Monitor regulations that impact Life & Savings businesses: 
  • Assist with implementation thereof.
  • Represent SRS in various regulatory forums.
• Liaison person between PDD Analysts and businesses to review efficiency and compliance implementation.

• Assist senior management and Business Shared Services (BSS) with monitoring of remediation project(s):
  • Includes monitoring of remediation progress and deadlines.
  • Monitoring of data quality.
  • Extraction of reports.
• Liaison with SLS AML CoE:
  • Submission of quarterly reports.
  • Submission of b-annual reports to the Prudential Authority.
  • Update and submission of SRS Static Risk Assessment.
  • Input and implementation of Dynamic Risk Assessment.
  • Track remediation projects and report to AML CoE and SLS Compliance.
  • Submission of foreign legislation reports in terms of AML (Jersey).
• Liaison with SLS Compliance:
  • Monthly meetings with Compliance Officer.
  • Scrutiny and response to compliance findings and thematic reviews.
• Training with reference to the following:
  • Newcomers to SRS.
  • Training to other business units e.g. BSS to ensure consistency with SLS.
  • Ad-hoc training for PDD Analysts and FICA Specialists.

POPIA

• Development and maintenance of policies and processes relating to the relevant privacy regulation.
• Liaison between SRS and Data Privacy.
• Quarterly reports and attendance at SLS Data Forum.
• Scrutiny and response to compliance findings and thematic reviews.
• Ad hoc training when required.

FSCA/ CSR

• Development and maintenance of policies and processes relating to the relevant regulation and gathering of tax information.
• Liaison between SRS and BSS for reporting to SARS on an annual basis.
• Tax submission to foreign tax authority on an annual basis.
• Scrutiny and response to compliance findings and thematic reviews.

Outsourcing

• Development and maintenance of policies and processes relating to the relevant regulation.
• Quarterly reports for submission to SRS F&R and SLS F&R.
• Maintenance of SRS Outsourcing Register.
• Scrutiny and response to compliance findings and thematic reviews.
• Input and due diligence for all new and existing contracts.

General

• Investigate and remediate compliance audit findings.
• Participation in projects within SLS for implementation of new or amendment of existing legislation.

What will make you successful in this role?

Qualifications:

• B. Juris / BA Law / B. Proc / LLB / BCom or other commercial degree.
• Certificate or Diploma in Commercial Management or Financial Planning.
• Meet the FAIS Fit & Proper requirements to be a FSCA registered Compliance Officer (Cat I) will be an advantage.

Experience:

• At least 3 years’ regulatory experience in compliance, legal and risk management within the Financial Services industry.
• At least 2 years’ experience in managing people.
• Experience within Sanlam’s compliance, legal and risk management processes will be an advantage.

Knowledge: 

• Knowledge of compliance monitoring, risk management and review programmes within the Insurance industry.
• Thorough understanding and knowledge of the regulatory requirements impacting business, specifically FAIS, FICA, POPIA, LTIA, PPR, FATCA, CRS.
• Knowledge of the management of business processes, distribution and product house channels.
• Understanding of the Savings, Risk & Closed Book businesses will be an advantage.

Competencies:

• Excellent leadership skills
• Communicates effectively
• Presentation skills
• Business acumen
• Decision quality
• Analytical thinking
• Cultivates innovation
• Order and accuracy
• Plans and aligns
• Drives results
• Customer focus
• Collaborates
• Influencing / gaining commitment
• Negotiation skills
• Independence
• Being resilient
• Computer skills (MS Office)

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

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: 16 January 2026

Our commitment to transformation