Business Analyst - Money Exchange & WPS Compliance

Job Title: Business Analyst - Money Exchange & WPS Compliance

Experience: 4-5 years

Location: UAE

Job Description:

We are seeking a skilled Business Analyst with experience in the money exchange industry or Wage Protection System (WPS) within the UAE. The ideal candidate will have a deep understanding of MOHRE and CBUAE regulations and be proficient in creating Business Requirement Documents (BRD) and process flows to support regulatory and operational compliance.

Key Responsibilities:

1. Requirements Gathering and Documentation:

   • Collaborate with stakeholders to gather and document detailed business requirements, specifically related to WPS, compliance, and money exchange operations.

   • Develop comprehensive Business Requirement Documents (BRD), Functional Requirement Documents (FRD), and other key documentation to facilitate clear understanding for development and implementation teams.

   • Use tools such as JIRA and Confluence for tracking and managing requirements and changes throughout the project lifecycle.

2. Process Flow Creation and Optimization:

   • Design and document detailed process flows using tools like Microsoft Visio or Lucidchart to map current and optimized processes related to WPS and money exchange.

   • Identify inefficiencies or gaps in existing processes and recommend improvements that ensure compliance with MOHRE and CBUAE standards.

3. Regulatory Compliance:

   • Ensure all processes align with MOHRE and CBUAE regulations, especially related to WPS and money exchange operations.

   • Stay up-to-date with UAE regulatory changes impacting money exchange and WPS and ensure all relevant teams are informed and compliant.

   • Work closely with compliance teams to verify alignment with regulatory requirements and update documentation as needed.

4. Data Analysis and Reporting:

   • Conduct data analysis to support decision-making and develop insights for the business.

   • Prepare and maintain regular reports for internal stakeholders and regulatory bodies, leveraging tools such as Excel and reporting software.

5. Stakeholder Communication:

   • Act as a bridge between internal teams (Operations, IT, Compliance) and external stakeholders to ensure clear communication and smooth execution of projects.

   • Lead workshops, presentations, and training sessions to provide updates, gather feedback, and communicate regulatory requirements.

6. Project Support:

   • Support project managers on compliance and WPS-related projects, contributing to project planning, coordination, and monitoring.

   • Track project tasks and progress using JIRA and other project management tools, ensuring alignment with project goals and timelines.

Requirements:

• Bachelor’s degree in Business Administration, Finance, or a related field.

• 4-5 years of experience as a Business Analyst in the money exchange industry or with a focus on WPS in the UAE.

• Strong knowledge of MOHRE and CBUAE regulations related to WPS and money exchange.

• Proficiency in creating Business Requirement Documents (BRD), Functional Requirement Documents (FRD), and process flow diagrams.

• Experience with business analysis and project management tools such as JIRA, Confluence, and Microsoft Visio.

• Excellent analytical, organizational, and communication skills.

• Ability to work collaboratively within a team and across departments to ensure compliance and achieve project objectives.