Functional Business Analyst (AML/KYC Banking Compliance Technology)

D L Resources Pte Ltd; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A leading financial services company is seeking a Business Analyst to collaborate with stakeholders and analyze business requirements within the banking sector. Ideal candidates should possess a Bachelor's degree related to IT or business, have extensive banking experience, and familiarity with AML and KYC software solutions. This role requires excellent communication and analytical skills, with a focus on delivering high-value solutions to enhance compliance and operational processes.

Qualifications

• 10-15 years of experience in the Banking industry.
• Experience in AML, KYC, compliance domain and data analytics.
• Experience as a business analyst in leading banks.

Responsibilities

• Gather business requirements from stakeholders.
• Analyze and document business processes.
• Monitor and manage risks related to requirements.

Skills

Communication

Data Analytics

Stakeholder Management

Education

Bachelor's degree in Information Technology

Bachelor's degree in Computer Science

Bachelor's degree in Finance

Bachelor's degree in Business Administration

Tools

Actimize

NetReveal

SAS AML

Fenergo

PEGA

Salesforce

Job description

Responsibilities:

• Work with business stakeholders to gather business requirements

• Requirements Analysis & Elicitation

• Collaborate with Business Unit Specialists to elicit and review business requirements

• Analyse and document the "to be" business and operations processes based on the agreed requirements and / or function points, perform impact assessment

• Responsible to analyse and define detailed functional and non-functional requirements based on business and migration requirements

• Monitor and manage risks /issues related to requirements and scope creep

• Write business functional release notes and contribute to deployment plan

• Document the detailed requirements in line with UOB standards

• Understand existing technology landscape at UOB with a view to delivering seamless integration

• Ability to think out-of-the-box, engage with stakeholders to streamline system and operational processing

• Work with various operational teams to establish new procedures as needful

• Work with the System Analyst and Architects to ensure full understanding of BRD is conveyed

• Perform requirement traceability matrix

• Review and confirmed list of capabilities against BRD

• Provide scopes/assumptions for IT management approval deck preparation

• Manage the change process within the analysis phase

• Review and signoff functional specs prepared by various System Analyst

• Review test cases with System Integration Test (“SIT”) testers

• Provide support for SIT/User Acceptance Test (“UAT”)

Key Requirements:

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

• Has 10-15 years of work experience in Banking industry;

• Experience as a business analyst in leading banks and delivered projects, programs of large scale.

• Should have good communication skills and capability to drive senior stakeholders with minimal supervision.

• Should have experience in AML, KYC, compliance domain and data analytics.

• Experience in AI/ML and workflow applications is good to have.

Familiarity With Banking Software - AML, KYC, Compliance, and Financial Crime

• AML / KYC / Transaction Monitoring Systems

• Actimize (by NICE) – AML, fraud, and trade surveillance

• NetReveal (by BAE Systems) – AML, KYC, fraud, and risk analytics

• SAS AML – AML transaction monitoring and compliance analytics

• FircoSoft (by LexisNexis Risk Solutions) – Sanctions and watchlist filtering

• Oracle FCCM (Financial Crime and Compliance Management)

• FICO TONBELLER Siron AML

• ACI Worldwide Financial Crime Management

• ComplyAdvantage – AML risk data and transaction screening

• Featurespace ARIC – Adaptive behavioral analytics for AML/fraud

• Refinitiv World-Check – KYC screening and enhanced due diligence

• Workflow / Case Management / KYC Utilities

• PEGA – Workflow automation for KYC and onboarding

• Fenergo – Client lifecycle management, KYC/CDD, and onboarding

• iMeta – Client onboarding and KYC data management

• Appway – Workflow-based client onboarding

• Salesforce (Financial Services Cloud) – Used in some banks for workflow and case management