Business Analyst - Financial Crime-Transaction Monitoring

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Job Title : Business Analyst - Financial Crime-Transaction Monitoring

Location : Offshore Work/ Bangalore

Duration : 12 Months Extendable

GROUP FUNCTION AND BUSINESS AREA PURPOSE

Compliance portfolio is a key function for the Group IT department. It partners with Compliance team of CLIENT and brings in a strategic direction to Bank's need for IT requirements of Compliance function.

ROLE PURPOSE

This is a key role and forms the bridge between the Business team and IT team. This role has the responsibility to execute the strategies for the bank in a multi-jurisdiction environment. As such, it needs deep understanding of transaction monitoring requirements from global and country specific regulators and its impact on technology solutions.

• Implementation of SAS AML and SAS FCA solutions for transaction monitoring across CLIENT jurisdictions.

• Understanding the existing implementation of the SAS AML and SAS FCA solutions for CLIENT UAE and support future enhancements.

• Understanding of SAS AML data model and perform data mapping with bank source systems.

• Interacting with business and assist the project team to implement the solution.

• Interacting with internal IT teams and drive the initiative to successful go-live.

• Interacting with vendor teams to understand intricacies of the software and come out with solutions to provide business benefits.

• Responsible for identifying the key data requirement, data mappings, and core system enhancements for project implementation.

• Ensure effectiveness in reporting through functional data validation and confirmation that the output generated and produced from the system is complete, reconciled against source systems.

• Participate in all project related activities with regards to requirements gathering, planning, implementation, as well as system & user acceptance testing.

• Responsible for end user training and ensuring the required knowledge transfer to key team members is set in place.

KEY ACCOUNTABILITIES

• Active participation in the requirement sessions with business and vendor.

• Understand and document processes relating to compliance to transaction monitoring regulations and policies from jurisdiction of operations.

• Lead the functional validation and reconciliation of data against source systems. Check information, identify data breaks, and liaise with teams to ensure timely rectification of data extracts provided from different sources.

• Identify system functionality and act as a focal point, coordinate with team members, and liaise with all stakeholders regarding subject related matters.

• Conceptualize solutions for the requirements raised by business teams and coordinate with vendor and IT teams to deliver them.

• Prepare test scenarios to check the functionalities delivered by the solution and actively participate with the testing teams and business stakeholders to comprehensively test the solution.

• Act as a subject matter expert within the team for domain and system related initiatives.

• Act as a lead to plan and execute the project within timelines & budget.

KNOWLEDGE, SKILLS & EXPERIENCE:

Knowledge & Experience:

• The candidate should possess University degree in Economics/Commerce / Business Administration /MIS/IT/Computer Science.

• Professional work experience in Bank or I.T. Company for 10 years.

• Minimum 10 years of experience as a Business Analyst working in a Compliance role.

• Proven ability to work on sanction transaction monitoring domain from multiple jurisdictions and experience demonstrating solution implementation around transaction monitoring.

• Mandatory Experience of end to end implementation of SAS AML.

• Understanding of threshold tuning using analytical tools preferably with SAS FCA.

• Proficiency on capturing business requirements in user stories as well as conventional BRD formats.

• Professional qualifications like CAMS, ACAMS, CBAP is not mandatory but preferable.

Skills:

• Good knowledge of compliance transaction monitoring domain.

• Techno function expert on SAS AML.

• Analytical skills to perform threshold tuning.

• Good presentation and communication skills.

• Proven delivery skills in requirement gathering and analysis.

• Strong ability to influence & lead internal teams, to deliver ongoing initiatives.

• Manage relationships with internal and external stakeholders.

• Ability to work in both waterfall and SCRUM delivery models.