Sr. AML Business Analyst

Full Time

San Francisco, CA

Introduction


The BSA/AML (Bank Secrecy Act/Anti-Money Laundering) Business Analyst is responsible for leading business requirements definition to successful completion, including the discovery, analysis and documentation of business requirements, process flows, use cases, test and training plans within FRB’s BSA/AML department. The Business Analyst will also be responsible for analyzing transaction and customer data, investigating data quality related issues, and providing resolutions. The Business Analyst will work with a cross functional team consisting of technology and business partners to successfully implement projects and releases.

responsibilities

Applying business analysis best and industry practices, obtain, define, analyze, prioritize, and document business and system requirements working with cross functional teams, and communicate requirements to solution providers.    

  • Perform data analysis on customer and transaction data.

  • Work with business users to understand current business processes and pain points.

  • Support and participate in data quality improvement, analysis activities and initiatives, and governance processes.

  • Facilitate testing; including but not limited to drafting test plans and test cases.

  • Prepare data mapping documents and Traceability Matrix.

  • Define and prioritize requirements to: Improve BSA/AML monitoring workflow, systems, and data interfaces; create data and metrics reporting; define AML monitoring and data transformation scenarios; understand and documentation business and workflow scenarios, and implement efficiencies and improvements for BSA/AML operations and other department functions.

  • Obtain sign-off from key stakeholders on requirements, and manage on-going changes to them.

  • Develop or assist with developing test plans and test scenarios, interface between development and QA teams, and manage user acceptance testing.

  • Advise solution provider, development, testing and production support teams as needed, providing requirements knowledge and subject matter expertise to the teams performing these functions.

  • Identify, track, document, and manage issues, constraints, assumptions, and constraints.

  • Continuously improve subject matter expertise in the business areas being supported, sufficient to become a Trusted Adviser to the Business stakeholders.

  • Perform duties & responsibilities specific to department functions & activities.

  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

requirements

-Strong and extensive experience in:

  • Minimum 5 years business and system gathering, analysis, and documenting requirements at a financial institution

  • Process and data flow creation, basic data modeling, and business process improvement and innovation

  • System and product development lifecycle, and developing standard documentation

  • Data analysis, data quality evaluation, defining requirements for data sourcing, and validation

  • Working on a project with multiple data interfaces and data mapping

-Must have Bachelor’s degree or higher, with minimum 5-7 years of business analysis and experience

 -Must have experience at a financial institution analyzing customer and transaction data

 -Excellent skills to understand business requirements and business process management, and then translate them to particular reporting, system, or workflow requirements

 -5-7 years of experience leading and conducting UAT

 -Experience facilitating requirement gathering or JAD sessions, and writing requirements

 -Self-starter and quick learner with ability to work independently, with minimum direction, and with multiple priorities 

 - Ability to multi-task and work on competing priorities

 -Strong Microsoft Office skills and proficient in Excel 

 -Knowledgeable in relational databases, and ability to write and execute SQL queries

 -Strong communication (presentation and verbal) and project management discipline

 -Ability to communicate and present results in a concise and summarized fashion

 -Team player

-Provides extraordinary service

-Furthers the Bank’s culture and values

 Desired:

  -BSA/AML experience