Business Analyst –AML / KYC

Position Overview

We are seeking an experienced Business Analyst –AML / KYC with strong banking and financial crime domain expertise to support the delivery of AML, KYC, and compliance technology initiatives. The successful candidate will work closely with business stakeholders, compliance teams, operations, system analysts, architects, developers, and testing teams to translate business needs into clear, detailed, and implementable requirements.

The role requires strong experience in Anti-MoneyLaundering (AML), Know Your Customer (KYC), Customer Due Diligence (CDD), Name Screening, and/or Transaction Monitoring, combined with extensive banking experience and proven business analysis capabilities.

Key Responsibilities

• Engage with business stakeholders and subject matter experts to understand business needs, objectives, and pain points.
• Conduct requirements elicitation, analysis, validation, and documentation.
• Gather and document business, functional, and non-functional requirements in accordance with banking standards.
• Develop detailed Business Requirements Documents (BRDs) and related requirement artefacts.
• Analyze current state processes and define to-be business and operational processes based on agreed requirements.
• Perform impact assessments across business processes, systems, operations, data, and downstream applications.
• Identify dependencies, assumptions, constraints, risks, and potential scope changes.
• Monitor and manage requirements-related risks, issues, and scope creep.
• Strong knowledge of AML and KYC regulatory and operational processes within banking environments.
• Analyze requirements relating to areas such as:
• Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD)
• Know Your Customer (KYC)
• Name / Sanctions Screening
• Transaction Monitoring
• AML investigations and case management
• Customer risk rating and segmentation
• Work with Compliance, Financial Crime, Operations, and Technology teams to improve AML/KYC processes.
• Identify opportunities to streamline manual processes and improve operational efficiency.
• Ensure business requirements support regulatory, compliance, audit, and risk management objectives.
• Collaborate with business unit specialists, Compliance, Operations, Technology, and other stakeholders to elicit and validate requirements.
• Work closely with System Analysts and Solution/Technical Architects to ensure a complete understanding of the BRD and business objectives.
• Review functional specifications prepared by System Analysts and provide business validation.
• Work with SIT testers to review and validate System Integration Test (SIT) scenarios and test cases.
• Support business stakeholders and testing teams during User Acceptance Testing (UAT).

Requirement

• 10+ years of banking experience, with significant exposure to AML/KYC, Financial Crime, Risk, Compliance, or related functions.
• Proven experience as a Business Analyst within the AML domain.
• Strong hands-on experience in one or more of
• Name/Sanctions Screening KYC
• Customer Due Diligence (CDD/EDD
• Transaction Monitoring
• AML Case Management
• Customer Risk Assessment
• Proven experience working with business stakeholders to gather and manage requirements.
• Strong experience in requirements elicitation, analysis, documentation, validation, and traceability.
• Experience defining functional and non-functional requirements.
• Experience analyzing current-state and defining to-be processes.
• Experience performing impact assessments and managing requirements-related risks and issues.
• Experience working within large, complex banking or financial services environments.
• Experience supporting SIT and UAT activities.
• Experience working with architects, developers, testers, project managers, and senior business stakeholders.
• Experience producing management-level scope, assumptions, risks, and impact assessment materials.