Senior Business Analyst, AML & Watchlist Management (1-Year Renewable Contract)

Dear Applicant,

If you or someone you know is interested, please send the CV directly to [HIDDEN TEXT] (this is the most preferred option, as I may miss some CVs due to the high volume).

Please note that visa sponsorship is not available at this time.

Job Overview

We are looking for an experienced Senior Business Analyst with deep expertise in Anti-Money Laundering (AML), Customer Due Diligence (CDD), transaction monitoring, and watchlist management within the banking or financial services sector.

In this role, you will partner with business stakeholders, compliance teams, operations, and technology teams to collect and evaluate business requirements, strengthen compliance processes, and enable the delivery and integration of technology solutions. The position requires a thorough understanding of financial crime compliance processes and the capability to convert business objectives into clear functional and technical requirements.

Key Responsibilities

• Business Requirements Gathering: Collaborate with business stakeholders and subject matter experts to elicit, analyse, validate, and document business requirements.
• AML & Watchlist Management: Provide business analysis support for AML, name screening, CDD, transaction monitoring, and watchlist management initiatives.
• Watchlist Screening & Maintenance: Review and analyse requirements for screening against sanctions lists, regulatory watchlists, politically exposed persons (PEP) lists, and other relevant internal or external watchlists.
• Process Analysis & Improvement: Record current and future-state business and operational processes, perform impact assessments, and pinpoint opportunities to optimize workflows and enhance operational efficiency.
• Functional Requirements: Produce detailed functional and non-functional requirements aligned to business needs, system enhancements, and migration requirements.
• Stakeholder Collaboration: Coordinate with compliance, operations, system analysts, solution architects, and other technology teams to confirm requirements are understood and correctly implemented.
• Risk & Scope Management: Recognize and oversee risks, issues, dependencies, and scope changes linked to requirements during the analysis stage.
• Documentation: Create business requirements documents (BRDs), functional specifications, requirements traceability matrices, release notes, and other supporting documentation in line with established standards.
• Solution & Integration Support: Gain an understanding of current banking technology environments and ensure proposed solutions can integrate effectively with existing systems.
• Change Management: Handle updates to business requirements and review functional specifications produced by system analysts.
• Testing & Deployment: Examine test cases, assist with System Integration Testing (SIT) and User Acceptance Testing (UAT), and contribute to deployment planning.
• Operational Readiness: Work with operational teams to define or refresh procedures needed for new systems, enhancements, and process changes.
• Management Reporting: Define project scope, assumptions, and key considerations to support IT management review meetings and approval workflows.

Requirements

• Bachelor's degree in Computer Science, Information Technology, or a related discipline.
• At least 10 years of relevant experience, preferably in banking, financial services, or IT business analysis.
• Demonstrated experience as a Business Analyst within the AML space, specifically in one or more of the following: Anti-Money Laundering (AML), Customer Due Diligence (CDD), Name Screening, Transaction Monitoring, Watchlist Management and Screening.
• Solid understanding of banking compliance processes and financial crime risk management.
• Experience in gathering, analysing, documenting, and managing complex business requirements.
• Ability to convert business needs into detailed functional and non-functional specifications.
• Strong stakeholder management and communication skills, with the ability to collaborate across business, compliance, operations, and technology teams.
• Experience managing requirements traceability, impact assessments, change requests, and scope control.
• Familiarity with SIT, UAT, test case reviews, and deployment activities.
• Strong analytical, problem-solving, and process improvement abilities.