Functional Business Analyst - AML

TANGSPAC CONSULTING PTE LTD; Singapore; On-site; SGD 80,000 - 130,000; Full time

Job summary

A consulting firm in Singapore is seeking an experienced Senior Business Analyst specialized in the AML domain. The ideal candidate will have at least 10 years of banking experience and be skilled in analyzing and documenting business requirements. Responsibilities include collaborating with stakeholders to ensure a smooth integration of business processes with technology solutions. This role offers an opportunity to be a key player in complex banking IT projects.

Qualifications

• Minimum 10 years of relevant experience, preferably in IT within the banking sector.
• Strong experience as a Business Analyst in the AML domain.
• Solid understanding of banking processes and systems.

Responsibilities

• Gather, analyze, and document business requirements.
• Collaborate with specialists to elicit and review requirements.
• Monitor and manage risks and issues related to requirements.

Skills

Analytical skills

Documentation skills

Communication skills

Creative thinking

Stakeholder management

Education

Bachelor’s Degree in Computer Science or related field

Job description

Overview

Job Title: Senior Business Analyst – AML Domain

Location: ORP

About the Role

We are seeking an experienced Senior Business Analyst with deep expertise in the AML (Anti-Money Laundering) domain to join our team. The ideal candidate will have extensive banking experience and a proven track record in eliciting, analyzing, and documenting business requirements, ensuring seamless integration between business processes and technology solutions.

Key Responsibilities

• Work closely with business stakeholders to gather, analyze, and document business requirements.
• Collaborate with business unit specialists to elicit and review requirements.
• Analyse and document “to-be” business and operational processes, performing impact assessments.
• Define detailed functional and non-functional requirements based on business and migration needs.
• Monitor and manage risks and issues related to requirements and scope creep.
• Prepare business functional release notes and contribute to deployment planning.
• Document requirements in alignment with bank standards.
• Understand existing technology landscape to ensure seamless system integration.
• Engage stakeholders to streamline systems and operational processes.
• Collaborate with operational teams to establish new procedures as required.
• Work with system analysts and architects to ensure full understanding of BRDs.
• Perform requirement traceability and review capabilities against BRDs.
• Provide scopes/assumptions for IT management approval deck preparation.
• Manage the change process within the analysis phase.
• Review and sign off functional specifications prepared by system analysts.
• Review test cases with SIT testers and provide support for SIT/UAT.

Required Qualifications & Skills

• Bachelor’s Degree in Computer Science or a related field.
• Minimum 10 years of relevant experience, preferably in IT within the banking sector.
• Strong experience as a Business Analyst in the AML domain, including Name Screening, CDD, and Transaction Monitoring.
• Solid understanding of banking processes and systems.
• Excellent analytical, documentation, and communication skills.
• Ability to think creatively and work collaboratively with diverse stakeholders.
• Strong knowledge of requirement traceability, functional specifications, and testing support.

Preferred

• Prior experience working in banking IT projects with complex integration requirements.

Keywords

Keywords: AML, Business Analyst, Banking, Requirements Analysis, Name Screening, CDD, Transaction Monitoring, BRD, UAT, SIT, IT Integration.