Anti-Money Laundering Analyst

Job Purpose

The primary purpose of the Anti-Money Laundering Analyst is to develop the capability to address party due diligence in a manner that will enable the business to meet the requirements of AML/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.
 

Key Outcomes

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

• Conducting Enhanced Due Diligence on high-risk clients including Politically Exposed Persons
• Refer EDD cases to senior management for approval
• Ongoing due diligence monitoring of high-risk and medium clients including Politically Exposed Persons
• Review of alerts generated by screening tool case management system
• Compare similarity of customer data against potential sanctions and other watch list matches
• Investigate source of funds for medium-risk clients
• Suspicious and unusual transactions and activity reporting to Anti-Money Laundering Reporting Officer timeously
• 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
• Perform review of previous work done by other Analysts (Level 1) on same alert and either confirm that their findings are in accordance with yours or reject the alert due to conflicting findings
• Release all daily alerts from AML Transactional Monitoring Tool
• Provide end-to-end investigations of financial crime related incidents;
• Review Section 27, 32 and 34 received from the FIC are reported to Sanlam AML Group timeously and accurately;
• Assist with Regulatory Reporting (Monthly AML Reporting to MANCO, Quarterly AML Reporting to Sanlam Group and Bi-annual AML Reporting to the Prudential Authority)
• Assist with providing training and awareness session to the relevant departments and assist with the development of the AML training material;
• Performs other related duties as assigned

Qualifications and Experience

• Relevant Tertiary qualification
• Anti-Money Laundering qualification to your advantage
• Prior Enhanced Due Diligence experience which includes but not limited analysing high-risk clients and high-risk transactions
• At least 4-5 years’ experience within a similar role within the financial services industry is essential
• Computer literacy skills (MS Excel intermediate level)
• Knowledge of screening system, automated transactional monitoring system and/or other AML systems

Competencies

• Client focus
• Cultivates innovation
• Collaborates
• Being resilient
• Drive results
• Attention to detail
• Managing workload
• Information gathering and monitoring
• Analytical thinking and Problem Solving

Attributes

• Positive, enthusiastic attitude 
• Ability to thrive under pressure
• Honesty, integrity and respect
• Teamwork
• Ability to work independently

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.

Turnaround time

Closing Date: 25 June 2025

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. 

Our commitment to transformation

Glacier is committed to excellence and striving towards Employment Equity.