Business Analyst: AML Work Stream

PRIMARY PURPOSE

The Business Analyst (AML Work Stream) is responsible for driving effective functional design and delivery of Anti Money Laundering (AML), Counter Terrorist Financing (CTF), and Sanctions solutions. The role focuses on translating regulatory, compliance, and operational requirements into fit for purpose system functionality that mitigates financial crime risk, improves operational efficiency, and delivers measurable business value while ensuring regulatory compliance and strong stakeholder alignment.

TECHNICAL COMPETENCY REQUIREMENT

• Strong documentation, facilitation, and stakeholder engagement
• Strong AML, CTF, and Sanctions domain knowledge within a banking environment
  
• Proven business analysis capability across complex regulatory and technology‑driven initiatives
  
• Experience with AML platforms including risk rating, transaction monitoring, alerting, and case management systems
  
• Strong understanding of data, analytics, and reporting within a financial crime context
  
• Ability to perform impact analysis, cost/benefit assessments, and prioritization

REQUIRED MINIMUM EDUCATION AND TRAINING

• BCom Degree or Diploma in Business Analysis.
• Consideration will be given to candidates’ relevant years of experience

REQUIRED MINIMUM WORK EXPERIENCE

• 3 – 5 years’ experience as a Business Analyst within Banking, preferably within the Risk, or Compliance environments
• Exposure to AML regulatory requirements and system implementations or enhancements

KEY PERFORMANCE AREA (KPA)

FINANCIAL MANAGEMENT

• Identify and recommend cost saving and efficiency opportunities through improved AML system functionality, automation, and process optimisation.
• Ensure functional requirements and solution designs support the prevention and reduction of financial losses arising from AML, CTF, and sanctions risks.
• Support business cases by providing impact analysis, cost/benefit assessments, and prioritisation inputs
• Ensure solutions are designed in line with approved budgets and deliver measurable business value.

CUSTOMER CENTRICITY

• Act as the primary functional interface between AML Operations, Compliance, IT, Data & Analytics, and Alliance Partners.
• Translate business and regulatory needs into clear, prioritised, and testable functional requirements.
• Build trusted relationships with stakeholders to ensure alignment on AML risk appetite, solution scope, and delivery outcomes.
• Facilitate workshops, walkthroughs, and design sessions to ensure shared understanding of requirements and solution intent.
• Support Alliance Partners by defining integration requirements, data expectations, and end to end process flows for AML platforms.
• Ensure confidentiality and ethical handling of sensitive AML, fraud, and compliance related information.

OPERTIONAL EXCELLENCE

• Lead the functional analysis and design of AML systems, including risk rating engines, transaction monitoring, alerting, and case management platforms.
• Ensure all functional deliverables align with Bank policies, regulatory requirements, and internal control frameworks.
• Define and maintain end to end AML process flows, functional specifications, and business rules.
• Support the development and enhancement of AML detection strategies by translating analytical insights into functional system changes.
• Oversee functional aspects of third party engagements, including requirements definition, change impacts, and solution validation.
• Ensure process and procedure documentation is current, accurate, and aligned to system behavior.
• Support UAT and business validation by defining acceptance criteria, test scenarios, and traceability to requirements.
• Proactively identify functional gaps, control weaknesses, or process inefficiencies and recommend improvements

PEOPLE LEADERSHIP

• Provide functional leadership and guidance to business analysts and cross functional team members within the AML delivery landscape.
• Foster a collaborative, accountable, and delivery focused culture across IT and business stakeholders.
• Coach and mentor team members on AML domain knowledge, functional analysis standards, and best practices.
• Support alignment to the Bank’s values, ethical standards, and compliance culture.
  
• Contribute to resource planning by ensuring the right skills are applied to the right initiatives.
• Take accountability for functional outcomes within own area of responsibility.

This position is advertised in line with our commitment to Employment Equity.