Glacier by Sanlam brings together leading experts and respected financial services companies to meet clients investment needs. We deliver focused investment services through specialist teams, partner with acclaimed financial intermediaries and pride ourselves on our superior products and solutions and high quality service. We offer a comprehensive range of investment solutions, designed to assist in the creation and preservation of wealth. Our offering encompasses local investments, including fixed term investments and investments with guarantees, international investments, retirement saving solutions, and retirement income solutions. While each solution has its own distinct purpose, they all share the world-class quality and commitment that have come to distinguish Glacier.
What will you do?
The primary purpose of the Anti-Money Laundering (AML) Manager is to proactively manage Glaciers AML programme(including managing the AML team), that aims to protect the business and promote the combating of money laundering and financing of terrorism. A key component of the role is managing the relationships with key stakeholders in the process both internally within Glacier and at Group level, whilst fostering a great team culture.
What will make you successful in this role?
The following outcomes will be expected to be achieved by the Anti-Money Laundering Manager :
AML Manager Core Responsibilities
- Ensure AML team adheres to business SLAs as stated in the RMCP, whilst optimising operational efficiency of the team;
- Embed Group AML frameworks, procedures and policies, whilst providing advisory support across all Glacier business entities and impacted functional areas;
- Ensure awareness of relevant AML legislative requirements and evaluate business readiness through impact analysis and ultimately ensuring the organisation is able to comply with those requirements across all business entities and functional areas;
- Strive for optimal balance in meeting regulatory requirements, whilst as far as possible minimising the impact on ease of doing business, by proactively engaging with key internal stakeholders;
- Provide training and awareness session to the relevant departments and assist with the development of the AML training material.
- Enable accurate and timely compliance reporting by collating and drafting relevant regulatory returns and governance documentation for submission to Group AML, Group Compliance and Glacier Risk Management:
- Ensure that AML processes in their entirety remain fit for purpose by engaging regularly with Group Compliance and Group AML, and driving the relevant projects that may arise from Group or regulatory changes;
- Ensure Suspicious and Unusual Transactions are reported to Group AML within SLA, whilst ensuring that the AML Monitoring Tool (built through data analytics) within the team constantly evolves through machine learning and necessary enhancements;
- Conduct horizon scanning for shifts in trends of client risk profiles and client behaviour and report via relevant Dashboard or MIS channels, to tell the story of AML to the business;
- Engage regularly with Senior Management and ;build relationships
- Build a skilled internal Glacier team to deliver a fit for purpose AML function that remains sustainable to the
- Support the leadership in maturing the Governance culture and capability within the organisation.
- Relevant Tertiary qualification e.g., LLB, BCom (Law)
- Anti-Money Laundering qualification to your advantage
- At least 5 years specialist AML experience in Financial services, and at least 2 - 3 years experience in managing people
- Experience with operational systems as well as an industry used PDD Screening tool would be advantageous
- Computer literacy skills (MS Excel intermediate level)
- Influencing and gaining commitment through relationship building
- Analytical Thinking and Problem Solving
- Excellent interpersonal and persuasive abilities.
- Presentation & Facilitation skills
- Expert knowledge in AML Programmes (including Client Due Diligence and Enhanced Due Diligences)
- Extensive KYC and Financial crime experience
- Thorough understanding of the AML regulatory landscape
Degree with 5 years related experience.
Knowledge And Skills
Demonstrates an understanding of business processes and the incidents being reported.
Obtains as much detail of reported allegation as possible to ensure information supports a forensics investigation, whilst maintaining anonymity of caller.
Accountable for receiving incoming calls from anonymous whistle blowers in a professional manner
Displays sound judgement in respect of urgency and sensitivity of information received.
Data analytics and reporting
Personal Attributes
Interpersonal savvy - Contributing independently
Instills trust - Contributing independently
Plans and aligns - Contributing independently
Decision quality - Contributing independently
Build a successful career with us
Were 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 four business clusters Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, 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: 19 April 2023
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.
