Job Summary
We are seeking a passionate and enthusiastic IT Business Analyst to work on AML/CFT projects for a reputed bank.
Mandatory Skill-set
- Bachelor's degree in Business Administration, Information Technology, Finance, or a related field;
- Bridge the gap between business requirements and IT solutions in the bank’s AML and CFT operations;
- 3-5 years of experience as a IT/Technical Business Analyst in the banking or financial services industry;
- Experience with AML software platforms such as Actimize, SAS, or ACI;
- Proficiency with Microsoft Office Suite (Excel, PowerPoint, Word);
- Understanding of databases and SQL for data extraction and reporting;
- Familiarity with project management methodologies (e.g., Agile, Waterfall);
- Knowledge of data analysis, data modeling, and reporting;
- Strong analytical, problem-solving, and critical thinking abilities;
- Excellent communication skills, both written and verbal.
Desired Skill-set
- Certifications in AML/CFT (e.g., CAMS, ICA).
Responsibilities
- Collaborate with AML/CFT teams to gather, document, and validate business requirements related to anti-money laundering, counter financing of terrorism, and compliance processes.
- Work with IT teams to define and design AML/CFT system enhancements, including transaction monitoring, sanctions screening, and customer due diligence (CDD) systems;
- Lead system integration efforts, ensuring smooth data flows between business applications and the AML systems;
- Engage with stakeholders, including business owners, regulatory bodies, legal teams, and subject matter experts;
- Analyze AML/CFT business processes to identify areas for improvement, automation, and optimization;
- Support the design of AML/CFT compliance frameworks, ensuring that they adhere to industry best practices and regulatory guidelines;
- Prepare comprehensive documentation for business requirements, functional specifications, and user guides;
- Support the testing phase by writing test cases, performing UAT (User Acceptance Testing), and reviewing test results;
- Identify and resolve any defects or issues discovered during the testing process.
