Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets, with listings on the Johannesburg, A2X and Namibian stock exchanges. In 2018 the Group celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 31 countries and has the biggest non-banking financial services footprint on the African continent.
The Group's five business clusters (Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the five clusters, assisting them in realising their strategies and meeting their business objectives. The Group Office is responsible for governance and for the Group's centralised functions, which include: Finance, Actuarial and Risk Management, Strategy, Human Resources, Market Development and Sustainability.
What will you do?
Assist and support the Sanlam Limited in effectively managing Group wide Financial Crime risk and comply with related country legislation. Responsible for developing and overseeing the financial crime and fraud prevention framework, designed to ensure Sanlam Limited and its subsidiaries are compliant, protected from risk and loss from financial crime.
What will make you successful in this role?
Risk Governance
- Responsible for identifying, preventing and mitigating financial crimes such as fraud, corruption, money laundering and terrorist financing
- Conduct investigations and implement effective fraud prevention measures
- Design and review financial crime policies, processes and procedures to ensure they meet expectations including regulatory requirements;
- Provide second line monitoring and testing of financial crime risk
- Work with Learning & Development and Internal Communications teams to design and implement appropriate financial crime education, learning and communication for employees
- Provide an advisory role for the business as the SME on Financial Crime;
- Provide advice, input, and guidance on financial crime controls in respect of minimum standards, strategies, projects, plans, initiatives, reporting, and other relevant activities
- Stay abreast of key regulatory updates and developments to enable implementation across the applicable Sanlam businesses
- Make key contributions towards the maintenance of the financial crime framework by conducting research and analysis and staying abreast of new or amended legislation to align local requirements and international best practices, as applicable
- Provide input into key reports and submissions to regulatory and enforcement agencies, industry bodies, internal committees, the executive committee and ultimately, the board.
- Degree in Law, Finance, Accounting or Audit
- Certified Anti-Money Laundering Specialist / Certified Fraud Examiner certification is beneficial
- Broader financial crime compliance knowledge and experience an advantage
- At least 5 years experience in financial crime compliance, fraud risk management, policy drafting and monitoring with experience in a similar role
- Good working knowledge of the financial sector environment and procedures. Experience in Insurance, Asset Management, and Investments an advantage
- In depth knowledge and understanding of the legislative and regulatory requirements as they relate to financial crime compliance
Compliance and legal projects management
Compliance advice and training
Documentation reviews
Risk Management
Compliance monitoring and reporting
Personal Attributes
Business insight - Contributing through others
Manages complexity - Contributing through others
Persuades - Contributing through others
Builds networks - Contributing through others
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 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
Being resilient - Contributing through others
Collaborates - Contributing through others
Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
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.
The closing date for applications is 18 February 2025.
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.
