Business Analyst - AML/KYC/KYT

at  Luxfactory

We are seeking a highly skilled and detail-oriented Business Analyst with expertise in AML (Anti-Money Laundering), KYC (Know Your Customer), and KYT (Know Your Transaction) to join our team. The successful candidate will be responsible for identifying and documenting business needs, collaborating with IT teams, testing solutions, and supporting project management in the delivery of key project objectives.

SKILLS AND EXPERIENCE:

• Communication Skills: Strong oral and written communication skills.
• Facilitation Skills: Ability to lead workshops and facilitate discussions.
• Analytical Skills: Strong analytical thinking and problem-solving capabilities.
• Attention to Detail: High level of accuracy and attention to detail.
• Organizational Skills: Excellent organizational and time management skills.
• Banking and AML Knowledge: Understanding of the banking industry and AML concepts (Remediation & Periodic Reviews, KYC, KYT, transactions) is considered an asset.
• Process Modeling: Experience in process modeling and optimization.

QUALIFICATIONS:

• Domain Expertise: In-depth knowledge and expertise in AML KYC/KYT, transactions, process design, optimization, data analysis, and mapping.
• Languages: Proficiency in French and English.
• Experience: Previous experience in remediation and periodic reviews, KYC, KYT, and transaction projects is considered an asset.
• Work Permit: Valid work permit in Luxembourg is mandatory.

• Business Needs Identification:
• Identify and describe business needs in terms of transaction classification, client clusters, expected transactional behavior, and output of the KYT engine.
• Data Integration:
• Describe relevant data to integrate into anomaly detection processes.
• Requirements Documentation:
• Document comprehensive business requirements and ensure they are communicated effectively to stakeholders.
• Collaboration with IT:
• Work closely with IT teams to define business requirements for data integration with IT systems.
• Operational Monitoring:
• Collaborate in the operational monitoring of the project’s “business” stream deliverables.
• Solution Testing:
• Test solutions and settings defined during workshops and actively participate in the calibration phase.
• Solution Validation:
• Contribute to and help validate solution results with the KYC Office and Compliance teams, focusing on transaction classification, clustering, and anomaly detection.
• Project Reporting:
• Support the project manager in preparing progress reports for project committees.
• Risk and Issue Management:
• Raise risks and issues, track open points, and manage mitigation actions effectively.