Business Analyst - KYC

afarax is looking for a freelance Business Analyst - KYC. We need you!

The project:

Our client in the banking sector is looking for a Business Analyst - KYC to join their team.

Tasks:

• Lead the end-to-end analysis and implementation of KYC regulatory changes , ensuring compliance with EU/local regulations (AML/CTF), Group policies, and audit requirements .
• Interpret regulatory texts (e.g., EU AML directives, Belgian KYC laws) and translate them into actionable business and technical requirements , validated with Compliance, Legal, and Risk teams .
• Define and prioritize KYC-specific requirements (e.g., customer due diligence, UBO identification, sanctions screening) and use cases for IT systems , ensuring full traceability to regulatory sources.
• Design and optimize KYC business processes to address regulatory changes, ensuring scalability across branches, mid-offices, and brands.
• Collaborate with Product Owners, Architects, and IT teams to translate regulatory requirements into technical specifications, metrics, and controls for KYC systems (e.g., transaction monitoring tools).
• Drive requirements traceability from regulation to implementation, conducting impact analyses for policy changes (e.g., new sanctions lists, risk methodology updates).
• Lead quality reviews of designs, prototypes, and test plans to certify compliance with regulatory and business requirements.
• Manage the BA workstream autonomously , including planning, risk mitigation, and reporting progress to senior stakeholders (Tribe Owners, Compliance Officers) .
• Serve as the KYC Subject Matter Expert (SME) for cross-functional teams and external vendors (e.g., KYC tool providers).
• Mentor junior BAs on KYC regulatory analysis and banking-specific requirements engineering.

Is this you?

• Strong written and spoken communication skills in Dutch or French and English
• Masters degree or equivalent
• At least 8 years of relevant experience as business analyst in regulatory environment, with important expertise in the KYC domain
• Strong ability to document and visualize KYC processes (customer onboarding, risk assessment, monitoring) using standard modeling techniques .
• Proficient in requirements management tools (JIRA, Confluence) to track regulatory changes and maintain compliance documentation .
• Skilled in MS Office (Excel, PowerPoint, Visio) for creating clear process documentation and regulatory reports .
• Familiar with KYC systems and tools used in banking (e.g., customer screening, transaction monitoring, case management).
• Experience with testing KYC processes to ensure they meet regulatory requirements.
• Ability to analyze regulatory texts and translate them into clear business requirements for IT and operations teams.
• Deep understanding of KYC workflow processes , including customer onboarding, due diligence, risk assessment, and ongoing monitoring in a banking context .
• Proven experience in the KYC domain within a project context , including implementation of regulatory changes, policy updates, and system enhancements (not purely operational).
• Strong affinity with IT concepts and systems , enabling effective collaboration with technical teams, architects, and vendors to align business needs with IT solutions.
• Experience working in a scaled agile environment , including Squad/Chapter/ Tribe structures , with the ability to adapt to evolving priorities and regulatory deadlines .
• Familiarity with agile methodologies (e.g., Scrum, Kanban) and requirements management practices to ensure traceability and compliance in KYC projects.
• Ability to bridge business and IT , translating regulatory and business requirements into clear, actionable deliverables for development and testing teams.

• Analytical and conceptual thinking to interpret complex KYC regulations and translate them into practical business solutions.
• Strong negotiation and persuasion skills to align stakeholders (Compliance, IT, Business) on regulatory requirements and priorities.
• Structured and methodical approach to manage KYC projects with clear traceability from regulation to implementation.
• Self-driven and autonomous, capable of leading KYC initiatives with minimal supervision while meeting tight regulatory deadlines.
• Problem-solving mindset to identify gaps in KYC processes and propose compliant, risk-based solutions.
• Quality-focused with meticulous attention to detail to ensure accuracy in regulatory documentation and compliance evidence.
• Goal-oriented with a results-driven approach to deliver KYC projects on time and in line with audit and regulatory expectations.
• Adaptable and resilient in a dynamic regulatory environment, open to evolving KYC policies and agile ways of working.
• Excellent stakeholder management to engage with Compliance, Legal, IT, and external vendors on KYC-related matters.
• Strong communication skills to articulate complex regulatory requirements clearly to technical and non-technical audiences.

How afarax supports you?

• You benefit from our extensive network
• You will have access to projects that fit your expertise
• We help and support you throughout your project
• We offer the possibility to build a valuable and lasting partnership

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