Business Analyst –AML / KYC

OPTIMUM SOLUTIONS (SINGAPORE) PTE LTD; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

OPTIMUM SOLUTIONS (SINGAPORE) PTE LTD is seeking an experienced Business Analyst – AML / KYC to support AML, KYC and compliance technology initiatives. The role involves translating business needs into detailed requirements, working with stakeholders across compliance, operations, architecture, and testing teams.

The ideal candidate has extensive banking experience and proven BA capabilities in AML, KYC, CDD/EDD, name screening and transaction monitoring, with a track record of delivering BRDs

Qualifications

• 10+ years of banking experience, with significant exposure to AML/KYC, Financial Crime, Risk, Compliance, or related functions.
• Proven experience as a Business Analyst within the AML domain.
• Strong hands-on experience in Name/Sanctions Screening, KYC, CDD/EDD, Transaction Monitoring, AML case management, and customer risk assessment.

Responsibilities

• Engage with stakeholders to understand business needs, pain points and objectives.
• Elicit, analyze, validate and document requirements in line with banking standards.
• Develop BRDs and related artefacts; define current-state and to-be processes.
• Perform impact assessments across processes, systems, data and downstream applications.
• Identify risks, constraints, dependencies and potential scope changes; manage scope creep.
• Collaborate with Compliance, Operations, Technology and other teams to improve AML/KYC processes.
• Support SIT and UAT activities; review test scenarios and test cases with teams.

Skills

AML/KYC domain

Name/Sanctions Screening

CDD/EDD

Transaction Monitoring

Stakeholder engagement

SIT/UAT experience

Job description

Position Overview

We are seeking an experiencedBusiness Analyst –AML / KYCwith strong banking and financial crime domain expertise to support the delivery of AML, KYC, and compliance technology initiatives. The successful candidate will work closely with business stakeholders, compliance teams, operations, system analysts, architects, developers, and testing teams to translate business needs into clear, detailed, and implementable requirements.

The role requires strong experience inAnti-MoneyLaundering (AML), Know Your Customer (KYC), Customer Due Diligence (CDD), Name Screening, and/or Transaction Monitoring, combined with extensive banking experience and proven business analysis capabilities.

Key Responsibilities

• Engage with business stakeholders and subject matter experts to understand business needs, objectives, and pain points.
• Conductrequirements elicitation, analysis, validation, and documentation.
• Gather and document business, functional, and non-functional requirements in accordance with banking standards.
• Develop detailedBusiness Requirements Documents (BRDs)and related requirement artefacts.
• Analyze current state processes and defineto-be business and operational processesbased on agreed requirements.
• Perform impact assessments across business processes, systems, operations, data, and downstream applications.
• Identify dependencies, assumptions, constraints, risks, and potential scope changes.
• Monitor and manage requirements-related risks, issues, andscope creep.
• Strong knowledge ofAML and KYC regulatory and operational processeswithin banking environments.
• Analyze requirements relating to areas such as:
• Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD)
• Know Your Customer (KYC)
• Name / Sanctions Screening
• Transaction Monitoring
• AML investigations and case management
• Customer risk rating and segmentation
• Work with Compliance, Financial Crime, Operations, and Technology teams to improve AML/KYC processes.
• Identify opportunities to streamline manual processes and improve operational efficiency.
• Ensure business requirements support regulatory, compliance, audit, and risk management objectives.
• Collaborate with business unit specialists, Compliance, Operations, Technology, and other stakeholders to elicit and validate requirements.
• Work closely withSystem Analysts and Solution/Technical Architectsto ensure a complete understanding of the BRD and business objectives.
• Review functional specifications prepared by System Analysts and provide business validation.
• Work with SIT testers to review and validateSystem Integration Test (SIT)scenarios and test cases.
• Support business stakeholders and testing teams duringUser Acceptance Testing (UAT).

Requirement

• 10+ years of banking experience, with significant exposure to AML/KYC, Financial Crime, Risk, Compliance, or related functions.
• Proven experience as aBusiness Analyst within the AML domain.
• Strong hands-on experience in one or more of
• Name/Sanctions Screening KYC
• Customer Due Diligence (CDD/EDD
• Transaction Monitoring
• AML Case Management
• Customer Risk Assessment
• Proven experience working with business stakeholders to gather and manage requirements.
• Strong experience in requirements elicitation, analysis, documentation, validation, and traceability.
• Experience definingfunctional and non-functional requirements.
• Experience analyzing current-state and definingto-be processes.
• Experience performing impact assessments and managing requirements-related risks and issues.
• Experience working within large, complex banking or financial services environments.
• Experience supporting SIT and UAT activities.
• Experience working with architects, developers, testers, project managers, and senior business stakeholders.
• Experience producing management-level scope, assumptions, risks, and impact assessment materials.