Business Analyst – Anti-Money Laundering (AML)

Business Analyst – Anti-Money Laundering (AML)Hybrid - Bank in Toronto Oct'25 Preferred Qualifications and Skills:Bachelor’s degree in Business, Finance, IT, or related discipline.4–8 years of experience as a Business Analyst, with at least 2–3 years in AML, KYC, or Financial Crime Compliance.Working knowledge of AML regulations and frameworks (FINTRAC, FATF, OFAC, EU AMLD, etc.).Familiarity with AML tools and systems (e.g., Actimize, SAS AML, Fircosoft, Oracle Mantas, FICO TONBELLER).Strong analytical, documentation, and stakeholder communication skills.Experience with SQL, data analysis, and business process modeling tools is an asset.Key Responsibilities:Gather, analyze, and document business requirements for AML initiatives, ensuring alignment with compliance, operational, and technology objectives.Collaborate with compliance, risk, and technology teams to define business processes and functional specifications for AML systems.Translate regulatory and compliance requirements (FINTRAC, FATF, OFAC, etc.) into actionable business and system requirements.Perform detailed gap analysis between current AML processes and regulatory or system requirements to identify improvement opportunities.Support design and enhancement of AML systems such as transaction monitoring, sanctions screening, KYC/CDD, and customer risk scoring solutions.Develop business process models, workflows, and data mapping documents to support system design and implementation.Assist in creating and executing test plans, test cases, and UAT scripts to validate AML system functionality against requirements.Analyze transaction data and customer profiles to support AML investigations, model tuning, and optimization of detection scenarios.Support the creation of BRDs (Business Requirements Documents), FSDs (Functional Specification Documents), and user guides.Coordinate with project managers and developers to ensure timely delivery of AML enhancements and regulatory updates.Provide subject matter expertise (SME) input on AML/KYC processes, data sources, and workflow automation.Monitor regulatory changes and assist in assessing their impact on existing AML processes and systems.Facilitate workshops and meetings with stakeholders to gather feedback, validate requirements, and prioritize initiatives.Contribute to root-cause analysis and recommend solutions for process or data quality issues affecting AML compliance.Prepare reports and dashboards on AML metrics, system performance, and compliance effectiveness for management review.