Group Compliance Analyst: Group Actuarial

Who are we?

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 Group Compliance Office in effectively implementing the Group compliance monitoring program across the organisation, business and clusters. Responsible for ensuring continuous monitoring of key compliance areas such as, but not limited to, regulatory compliance, financial crime compliance and market conduct. Responsible for ensuring the businesses and clusters have compliance monitoring plans that effectively address key compliance risks.

What will make you successful in this role?

Risk Governance:

• Responsible for drafting and implementing the Group compliance monitoring plan across the business and clusters.
• Responsible for ensuring the business and cluster compliance monitoring plans are in place and conducting assurance checks to determine effectiveness thereof.
• Review compliance policies, processes and procedures to ensure they meet expectations including regulatory requirements.
• Provide second line monitoring and testing of compliance risks.
• Responsible for implementing and enforcing the organisation's or business units' compliance program. Maintains awareness of regulatory framework and specific obligations within Financial Advisory and Intermediary Services (FAIS) Act, code of conduct, and requirements.
• Consults on an ongoing basis with operational managers to ensure conformance with applicable laws and regulations covering various compliance risks nationally and abroad.
• Ensures compliance with and oversight of ongoing statutory regulatory requirements. This responsibility includes monitoring and validation of investor files, technical and documentary support to investor teams, updating of operational procedures and participation in compliance committees.
• Provide support to the business through the SME on compliance monitoring.
• Provide advice, input, and guidance on compliance 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 compliance 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.

Qualification and Experience

• Degree in Law, Finance, Accounting or Audit.
• At least 2-3 years’ experience in regulatory compliance, compliance monitoring/ assurance and policy implementation.
• 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 compliance.

Knowledge and Skills

• Compliance and legal projects management.
• Compliance advice and training.
• Documentation reviews.
• Compliance monitoring and reporting.
• Risk Management.

Personal Attributes

• Business insight - Contributing independently.
• Builds networks - Contributing independently.
• Manages complexity - Contributing independently.
• Persuades - Contributing 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.

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.

The closing date for applications is 10 March 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.