Compliance Product Analyst

$135,200 - $156,000/Yr

Kforce - Tempe, AZ

Full-time

Tempe, AZ

51-100 employees

Administrative and Support Services

About the position

Kforce has a client seeking a Compliance Product Analyst in Tempe, AZ. This role is an Individual Contributor Subject Matter Expert (SME) position within the Financial Crimes Risk Management (FCRM) domain, focusing on various initiatives related to Financial Crimes, including Fraud, Sanctions, Know Your Customer (KYC), and Anti-Money Laundering (AML). The Compliance Product Analyst will work closely with cross-functional teams to ensure the effective integration and build-out of FCRM systems and business processes. The primary responsibilities include acting as a Business Product Owner and/or Business Analyst within the BSA, Sanctions, or Payments initiatives. The analyst will collaborate with team members to align on business process design, provide status reporting for project-oriented work efforts, and utilize their domain knowledge to assess FCRM system impacts. They will create detailed user stories and acceptance criteria, conduct gap analysis, and deliver various project artifacts such as user personas, interface designs, and data mapping documentation. Additionally, the Compliance Product Analyst will participate in Product Increment Planning, design change management strategies, and draft Business Architecture diagrams and workflows. This role requires a deep understanding of the Financial Crimes domain, including advanced knowledge of the Bank Secrecy Act (BSA) and related compliance disciplines. The analyst will also need to demonstrate experience in developing seamless end-to-end digital solutions across organizational boundaries, ensuring that the FCRM systems meet the required controls and processes.

Responsibilities

• Act as Business Product owner and/or Business Analyst within the BSA, Sanctions or Payments initiative inside the FCRM organization.
• Collaborate with cross-functional team members to align on business process design as it relates to solution definition and adherence to FCRM required controls and processes.
• Provide status reporting for business side of project-oriented work efforts as Financial Crimes.
• Utilize detailed domain knowledge to determine FCRM system impacts and create detailed user stories and acceptance criteria.
• Demonstrate prior experience in developing seamless end-to-end digital solutions across organizational boundaries.
• Identify and define current 'As-Is' business processes and 'To-Be' business processes, conduct gap analysis, analyze requirements and deliver various project artifacts: User stories/Backlog/BRDS, Acceptance Criteria, Definition of Done, User persona, Visio screen mock-ups, Interface designs, Data Mapping and other functional configuration documentations, Conduct JAD sessions.
• Participate in Product Increment Planning, sprint planning, and t-shirt sizing activities for assigned work area.
• Design and implement effective change management strategies and plans that include communication strategy, education and training approach, resistance to change, sustaining change after implementation, measuring expected benefits and ROI.
• Configure and draft Business Architecture diagrams & workflows.

Requirements

• 8+ years of professional experience in Product owner/business analyst related to Financial Crimes, BSA and OFAC.
• Advanced knowledge of Bank Secrecy Act (BSA)/Anti-money laundering (AML) disciplines to include KYC operations, Sanctions Operations, Fraud Operations, AML Operations and Compliance.
• Hands-on knowledge in CIP, CDD, EDD, Customer Risk Rating, SAR filing, CTR, 314a, 314b, Transactions screening, PEP/Adverse Media party screening, etc.
• Knowledge in Payments & channels.
• Business Systems Analysis knowledge in Agile framework & Agile tools.
• Have worked in the capacity of Product Owner/Product Lead/Product Analyst.
• Experience in drafting backlogs, PI & sprint planning, burn down & burn up metrics, KPIs.
• Hands-on experience in Jira, Confluence, OFSAA KYC Engine, OFSAA ECM, Fircosoft, Bottomline, SAS AML alert engine.
• Hands-on experience in drafting Map & Gap analysis, Workflows & Wireframes, User Stories/Business Requirements, UAT, SQL queries, Data Mapping, Deployment plan, Business Roll Back plan, Change Management, Training.
• Advanced Business Systems Analysis experience.
• Experience working in Core Banking Systems, Payment Systems, Middleware and Transaction Screening Systems.
• Deep understanding of Commercial Banking operations is a must (e.g. key operating models, processes, and practices).
• Technical knowledge of FCRM related Systems & Tools inclusive of OFSAA, Fircosoft Accuity, Bottomline, SAS AML alert engine, LexisNexis, MS Excel, Word, PowerPoint, Visio, MS Project, Outlook, SQL, Data Warehousing, OBIEE, reporting, Point, Pivot Charts, Pivot Tables.
• Flexibility to work in global time zones to support international business stakeholders and project team.
• Ability to multi-task within a pressed timeframe is required.
• Strong presentations and communication skills that includes verbal, written, active listening.

Benefits

• Medical, dental, and vision insurance
• Health Savings Account (HSA)
• Flexible Spending Account (FSA)
• 401(k) plan
• Life insurance
• Disability insurance
• Paid sick leave for hourly employees on Service Contract Act projects