Business Analyst with AML / KYC

Greetings from Sligo Software Solutions, Inc. !!

SLIGO is a Software Development & IT Consulting company. We have around 100 IT associates working with our esteemed clients across several domains such as IT, Banking, Healthcare, and Government.

We have an urgent requirement for Business Analyst with AML / KYC position with our client. Role: Business Analyst with AML / KYC Location: New York City, New York Duration: 7 months 11 day(s) Job ID: SLG - 19 - 10342 Client: Sligo Software Solutions

Job Title: Senior Business Analyst - AML/KYC

Location: NY City - Onsite - Hybrid role

Position Type:6-12 Months

Job Description

We are seeking an experienced Senior Business Analyst with a strong background in Anti-Money Laundering (AML) and Know Your Customer (KYC) processes. This is a non-technical role, but the ideal candidate will work closely with technical teams and product managers as part of the project to evaluate and modify internal processes. You will play a crucial role in identifying improvements, recommending process changes, and ensuring that the client's AML/KYC processes are aligned with industry best practices and regulatory requirements.

Key Responsibilities

• Process Evaluation & Improvement: Lead an internal evaluation of the client's existing AML/KYC processes. Identify inefficiencies, gaps, and areas of improvement within the processes.
• Requirements Gathering: Collaborate with key stakeholders across departments to gather business requirements related to AML and KYC processes. Ensure that these requirements are clear, complete, and aligned with business objectives.
• Documentation: Create clear and comprehensive documentation, including process flows, functional specifications, and business requirements documents (BRDs). Ensure all documentation is maintained to high standards.
• Stakeholder Management: Act as the primary point of contact for AML/KYC-related inquiries. Build and maintain strong relationships with business stakeholders, including compliance teams, risk teams, and product owners.
• Interface with Tech Products: Work closely with the technical teams and product managers to ensure that any process changes or improvements are properly implemented in alignment with the technical product roadmap.
• Communication & Reporting: Demonstrate exceptional communication skills, both written and verbal, when interacting with senior stakeholders, technical teams, and external parties. Provide regular updates on project progress and ensure alignment across teams.
• Regulatory Knowledge: Leverage your knowledge of AML and KYC processes to ensure compliance with local and international regulations. Stay up-to-date with industry standards and regulatory changes.
• Testing and Validation: Assist in the validation and testing of modified processes to ensure they meet the business requirements and are compliant with AML/KYC regulations.
  
  

Qualifications & Skills

• Experience: Minimum of 5-7 years as a Business Analyst with a focus on AML/KYC processes in the financial services industry. Experience with process evaluation, process improvement, and business requirements gathering is essential.
• AML/KYC Knowledge: Strong understanding of AML and KYC regulations and industry standards. Familiarity with AML/KYC compliance frameworks, customer due diligence (CDD), enhanced due diligence (EDD), and sanctions screening is required.
• Stakeholder Management: Excellent interpersonal skills and the ability to communicate effectively with a wide range of stakeholders, including business users, compliance officers, and technology teams.
• Documentation Skills: Proficient in creating detailed business requirement documents (BRDs), functional specifications, and process flow diagrams.
• Analytical Thinking: Strong analytical and problem-solving skills with the ability to evaluate complex business processes and identify opportunities for improvement.
• Communication: Exceptional verbal and written communication skills. The ability to communicate complex concepts in a clear and concise manner is essential.
• Project Management: Experience working in Agile or Waterfall project environments. Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Technical Knowledge (Optional but Helpful): While this is not a technical role, familiarity with technical systems and the ability to interface with technical teams is helpful. Knowledge of AML/KYC tools like Actimize is not required but can be a plus.
  
  

Preferred Qualifications

• Certification in AML or KYC-related fields (e.g., CAMS - Certified Anti-Money Laundering Specialist) is a plus.
• Familiarity with process modeling tools (e.g., Visio, Lucidchart).
• Experience in financial institutions, regulatory bodies, or consulting firms focused on AML/KYC compliance.
  
  

Thanks & Regards

N Madhava Krishna

Sr Recruiter

Sligo Software Solutions Inc.

madhava.naini@sligosoft.com

www.sligosoft.com

Direct: (518) 889-4401