Business Analyst - Anti Money Laundering Segment - Professional Services Firm

Job Purpose :

The role provides support, maintenance and development of information systems to meet operational processing, delivery of output and fraud prevention objectives of the organization in Anti money laundering segment

Knowledge, Skills and Experience :

Technical Skill set :

- SAS AML environment Admin & Programming knowledge - Mandatory

- SAS - Application support (Anti Money Laundering ), Installation & Configuration of rules based on the business and regulatory reporting requirement

- Basic to Proficient in SQL from a query perspective on a large database platform (e.g. MS SQL Server, Oracle, etc.

- SAS Macros-Basic to proficient

- Hands on experience on SAS Dataflux module would be an added advantage

- 2-5 years experience as a business analyst in the financial industry in AML surveillance systems

Functional Skill set :

- Knowledge and understanding of international anti-money laundering efforts and agencies

- Previous work experience of working as BA on AML implementation on compliance product is a must.

Understanding of AML concepts in several of the following areas :

- CDD & EDD

- Watch List Filtering and OFAC Screening

- Transaction monitoring and FIU (Financial intelligence Unit)

- Red Flags

- Suspicious Activity Reporting

Pattern analysis :

- Understanding of different channels in banking which can be of potential threat in terms of money laundering

Key Result Areas :

- Exceptionally strong verbal and written communication skills

- Able to determine business requirements on SAS AML solutions (Watch list Filtering & Transaction Monitoring)

- Should be able to configure rules for different sorts of red flags, Scenarios and line with the regulatory reporting requirement

- Work closely with technology units to convey and interpret business requirements, analyse and evaluate data needed to meet the requirements

- Write detailed business requirements and use cases based on business conducted by bank

- Facilitate walkthroughs of business requirements and use cases

- Prepare Test Data and Test Cases for AML product implementation and support the implementation team throughout all the SDLC phases.

- Support UAT and bridge the gap between technology team & users. Explain the UAT & QA bugs to technical team

- Validate AML product output as per the BRD and provide sign off on generate alerts in QA environment

- Strong understanding of, or the ability to quickly gain such, of applicable laws, regulations, and guidance in the subject area as well as the desire to keep up with changes in a complex environment

- Prepare change control requests and make the appropriate revisions to detailed business requirements