Functional Business Analyst

Rapsys Technologies Pte Ltd.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial technology firm in Singapore is seeking a Functional Business Analyst to support a regional Sanctions List Management initiative. The role involves leading functional assessments, gathering requirements, and collaborating with stakeholders to ensure compliance with AML regulations. Candidates must have a bachelor's degree and at least 5 years of experience in financial services, specifically in compliance and risk management. Strong analytical skills and knowledge of sanctions screening systems are essential for this position.

Qualifications

• Minimum 5 years of experience in Financial Services focusing on IT systems supporting AML/CFT.
• Strong knowledge of sanctions screening processes and integration methods.
• Proven ability to manage complex functional analysis independently.

Responsibilities

• Lead detailed functional assessments of sanctions list management processes.
• Document and validate functional requirements for list automation.
• Collaborate with stakeholders to ensure alignment of requirements.

Skills

Functional analysis

Communication skills

Analytical thinking

Knowledge of AML/CFT regulations

Project management

Education

Bachelor’s degree in Information Technology, Computer Science, Finance, Business Administration, or related field

Tools

Firco

TSS

Actimize

WLM

FLV

FMM

Job description

Functional Business Analyst

Role Overview

We are seeking three Functional Business Analysts (FBAs) to support a regional Sanctions List Management initiative focused on Transaction Screening systems.

The FBA will work closely with Compliance SMEs, Architects, and Technology teams to assess current processes, gather multi-country requirements, and support the definition of the future operating model, target architecture, and governance framework.

Candidates with more experience may be considered for the Manager level.

Key Responsibilities

• Lead detailed functional assessments of sanctions list management processes, including sourcing, consolidation, validation, and distribution of lists.

• Gather, document, and validate functional requirements for list automation, ensuring end-to-end traceability, operational resilience, and regulatory compliance.

• Map country-specific workflows, integration touchpoints, file formats, and transformation rules across multiple transaction screening systems.

• Support as-is and to-be process modeling, identifying operational inefficiencies, risk points, and automation opportunities.

• Document integration patterns (synchronous/asynchronous, APIs, batch, event-driven) and error-handling protocols.

• Collaborate with architects, operations, compliance, and technology stakeholders to ensure alignment between regional and local requirements.

• Support risk assessments, assumptions, dependency tracking, and issue logs, ensuring findings are traceable and auditable.

• Contribute to key deliverables including functional specifications, governance frameworks, implementation roadmaps, and cost/resource estimates.

• Participate in workshops, stakeholder interviews, and cross-entity harmonization sessions to ensure full coverage of in-scope entities.

Job Requirements

• Bachelor’s degree in Information Technology, Computer Science, Finance, Business Administration, or a related field.

• Minimum 5 years of experience in Financial Services, with a focus on IT systems supporting AML/CFT, financial compliance, or risk management.

• Strong knowledge of sanctions screening processes, list management, and integration methods.

• Proven ability to independently manage complex functional analysis, resolve ambiguity, and provide practical recommendations.

• Experience delivering large-scale data management initiatives, including mapping, validation, reconciliation, and risk mitigation.

• Familiarity with sanctions screening systems (e.g., Firco, TSS, Actimize) and watchlist management tools (e.g., WLM, FLV, FMM).

• Strong understanding of AML/CFT regulatory frameworks, including FATF, OFAC, MAS, and other relevant local regulators.

• Familiarity with data governance frameworks, data quality standards, data lineage, and experience working with data glossaries and dictionaries.

• Excellent communication and interpersonal skills, with the ability to engage effectively with both technical teams and business stakeholders.

• Awareness of data protection regulations and cross-border data-sharing restrictions, ensuring compliance with legal and regulatory obligations.

• Strong analytical and logical thinking skills, with the ability to deconstruct complex problems and recommend solutions.

• Familiarity with cloud platforms is an advantage.

• Professional certifications such as ACAMS, ICA, or other AML/financial crime compliance credentials are a plus.

• Additional Business Analysis (CBAP, PMI-PBA) or Project Management certifications are advantageous.