Role: Financial Crime SME Business Analyst
Location: London, UK
Duration: Contract
Key Responsibilities
Subject Matter Expertise:
- Act as the subject matter expert (SME) in financial crime regulations, frameworks, and processes, including AML, KYC, CTF, sanctions, and fraud.
- Stay updated on regulatory changes and industry best practices to ensure compliance.
Business Analysis:
- Elicit, document, and analyze business requirements related to financial crime systems and processes.
- Conduct gap analysis, identifying improvements in existing systems and workflows.
- Develop process maps, user stories, and functional specifications to support project delivery.
Stakeholder Management:
- Collaborate with cross-functional teams, including compliance, operations, IT, and third-party vendors, to deliver effective solutions.
- Facilitate workshops to gather requirements and drive consensus among stakeholders.
Solution Design & Delivery:
- Work with technical teams to design and implement solutions for transaction monitoring, sanctions screening, and fraud prevention.
- Ensure solutions meet regulatory standards and are aligned with business objectives.
- Support User Acceptance Testing (UAT) by defining test scenarios, coordinating test execution, and validating outcomes.
Data Analysis & Reporting:
- Analyze data to identify patterns of suspicious activity and assess the effectiveness of existing financial crime controls.
- Generate reports and dashboards to provide insights into key risk areas and compliance performance.
Change Management:
- Support the delivery of organizational change initiatives related to financial crime.
- Ensure smooth transition and adoption of new processes or systems by end users.
Key Requirements
Qualifications:
- Bachelor’s degree in Business, Finance, or a related field (or equivalent experience).
- Professional certifications such as ICA, ACAMS, or similar are highly desirable.
Experience:
- Proven experience as a Business Analyst, with a focus on financial crime, compliance, or regulatory projects.
- Strong knowledge of financial crime systems (e.g., AML/KYC platforms, sanctions screening tools, transaction monitoring systems).
- Experience working within regulated environments, particularly in banking, insurance, or financial services.
Skills & Competencies:
- Solid understanding of global financial crime regulations (e.g., FATF, FCA, GDPR, OFAC, and FINTRAC).
- Proficiency in business analysis tools such as Visio, Jira, and Confluence.
- Strong analytical, problem-solving, and critical-thinking abilities.
- Excellent communication and stakeholder management skills.
- Ability to work under pressure, managing multiple priorities and deadlines.