About the position
My client based in Cape Town is currently looking for an AML Analyst to join their team on a contract basis.
IT / FINANCE
Qualifications & Experience
Minimum Qualifications
- Relevant tertiary qualification (Finance, Law, Risk, Compliance, Business or related field)
Experience
- 2-3 years' experience within AML / Financial Services
- Practical experience in:
- AML, KYC, CDD processes
- Client onboarding and ongoing due diligence
- Risk assessments and escalations
- Experience within financial markets or wealth management environment will be advantageous
Responsibilities
AML Client Onboarding & Client Updates
- Perform quality assurance reviews of AML onboarding packs
- Validate and verify KYC documentation
- Conduct screening and investigations using ORMS and SIRON
- Perform client risk assessments and identify high-risk clients
- Investigate and escalate PEPs, adverse media, and high-risk entities
- Conduct enhanced due diligence (EDD) where required
- Support and oversee AML aspects of offshore account openings
- Collaborate with stakeholders to ensure efficient and compliant onboarding
Ongoing Due Diligence, Trigger Events & Escalations
- Conduct CDD checks on existing clients
- Compile AML Refresh Packs
- Maintain accurate client, ownership, and beneficial ownership records
- Manage trigger events, client exits, and terminations
- Perform enhanced due diligence for higher-risk cases
- Drive annual data maintenance and ongoing AML monitoring
- Ensure compliance with FICA and the Risk Management Compliance Plan
- Escalate risks appropriately and timeously
AML Procedures & Projects
- Participate in and lead AML initiatives and projects
- Identify and implement system and process improvements
- Collaborate with SIG AML CoE and Sanlam Group AML teams
- Support regulatory reporting (e.g. Section 27 requests, fraud cases)
- Ensure consistent execution of AML processes in line with regulatory frameworks
Competency
Technical & Professional Competencies
- Strong understanding of AML / CDD / KYC principles
- Working knowledge of Financial Markets Legislation, including:
- FAIS (essential)
- JSE Rules and Directives (essential)
- Advantageous knowledge of:
- FICA / AML
- FATCA
- POPIA
- Regulation 28
- Research and investigative skills
- Strong attention to detail and data accuracy
- Proficient in Microsoft Office, especially Excel
- Project coordination and process improvement skills
- Understanding of financial products and instruments (advantageous)
- Interest and ability to contribute to process automation
If you are ready for the next exciting step in your career, and would like to apply, please send us your updated CV to review.
Desired Skills:
