Business Analyst

PHOENIX SOLUTIONS (S) PTE. LTD.; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

PHOENIX SOLUTIONS (S) PTE. LTD. is seeking an experienced Business Analyst specializing in AML and regulatory compliance to translate complex regulations into actionable system requirements.

You will collaborate with compliance, risk, operations, and technology teams to strengthen controls and enable compliant processes across the enterprise. You will lead requirements gathering, BRD/FRD creation, support tests, and work with IT on solution design, development, and regulatory reporting.

Qualifications

• Experience as a Business Analyst in Banking or Financial Services.
• Strong AML/KYC/CDD, sanctions screening and transaction monitoring expertise.
• Familiar with regulatory change initiatives and compliance transformation programs.
• Knowledge of AML platforms: Actimize, Fircosoft, Mantas, Oracle FCCM.
• Familiar with Agile and Waterfall methodologies.
• Experience with JIRA, Confluence, and ALM.
• Excellent stakeholder management and communication skills.

Responsibilities

• Gather, analyze, and document AML and regulatory requirements.
• Translate regulatory requirements into BRD/FRD and process flows.
• Perform gap analysis between current AML systems and regulatory needs.
• Prepare BRD/FRD and process workflows; support UAT planning and defect management.
• Collaborate with IT on solution design, development, and testing.
• Support regulatory reporting, audits, and compliance reviews.
• Maintain traceability of requirements through the project lifecycle.

Skills

Business Analysis

AML / Regulatory Compliance

KYC

CDD

Sanctions Screening

Transaction Monitoring

Stakeholder Management

Regulatory Change

Documentation & BRD/FRD

Tools

JIRA

Confluence

ALM

Actimize

Fircosoft

Mantas

Oracle FCCM

Job description

Job Description:

We are seeking an experienced Business Analyst with Anti-Money Laundering (AML) and Regulatory Compliance expertise to support regulatory initiatives, compliance transformation projects, and AML system enhancements. The role involves working closely with compliance, risk, operations, and technology teams to translate regulatory requirements into functional solutions and ensure compliance with financial regulations.

Key Responsibilities

• Gather, analyze, and document business and regulatory requirements related to AML and compliance initiatives.
• Work with Compliance and Risk teams to interpret regulatory requirements and translate them into business and system requirements.
• Perform gap analysis between current AML systems/processes and regulatory requirements.
• Prepare Business Requirement Documents (BRD), Functional Requirement Documents (FRD), and process workflows.
• Support implementation and enhancement of AML systems such as:
  • Transaction Monitoring
  • Customer Due Diligence (CDD)
  • Know Your Customer (KYC)
  • Sanctions Screening
• Support UAT planning, execution, and defect management for regulatory and AML initiatives.
• Collaborate with IT teams during solution design, development, and testing phases.
• Ensure compliance with regulatory requirements from authorities and global regulatory standards.
• Assist in regulatory reporting, audit preparation, and compliance reviews.
• Work with stakeholders to improve AML processes, operational efficiency, and risk controls.
• Maintain documentation and ensure traceability of requirements through the project lifecycle.

Required Skills & Experience

• Experience as a Business Analyst in Banking or Financial Services.
• Strong experience in AML, KYC, CDD, sanctions screening, and transaction monitoring.
• Experience with regulatory change initiatives and compliance transformation programs.
• Knowledge of AML platforms such as:
  • Actimize
  • Fircosoft
  • Mantas
  • Oracle FCCM
• Familiarity with Agile and Waterfall project methodologies.
• Experience with tools such as JIRA, Confluence, and ALM.
• Strong stakeholder management and communication skills.