Senior Business Analyst - Fraud Payments and Fraud Mitigation

Role                     : Senior Business Analyst

Location              : Singapore

Duration              : Long term renewable contract

Job Scope

• Work with the bank's technical team to design and implement virtual accounts solutions that meet corporate clients' needs.
• Customize virtual account services (like automating cash management and fund transfers) to suit specific client requirements.
• Regularly monitor virtual accounts and generate reports to track transactions, balances, and performance.
• Ensure that virtual accounts integrate seamlessly with corporate clients' ERP systems, treasury management systems, or payment gateways.
• Assist in creating sub-account solutions that allow clients to better manage their funds, such as separating funds for different departments or projects.
• Analyze transactions across sub-accounts to provide clients with insights into their financial activities, trends, and forecasts.
• Help clients segregate funds for specific uses, whether for accounting purposes, fund pooling, or for facilitating payments in different business units.
• Engage with corporate clients to understand their needs for virtual or sub-accounts, documenting the requirements and translating them into functional specifications for the tech team.
• Write detailed use cases for banking products or solutions related to virtual and sub-accounts, ensuring that they meet client expectations and legal/compliance standards.
• Ensure that virtual and sub-account solutions comply with relevant banking regulations, internal policies, and industry standards (e.g., KYC, AML).
• Conduct risk assessments related to the use of virtual and sub-accounts and propose mitigating strategies, such as fraud prevention protocols

Required Skills

• Familiarity with banking platforms, payment systems, and financial software. Experience in data analytics and business intelligence tools (e.g., Tableau, Power BI).
• Ability to translate business requirements into functional specifications, and experience with process flow diagrams, use cases, and wireframes.
• A strong understanding of corporate banking solutions like cash management, trade finance, payment solutions, and treasury services.
• Solid understanding of financial operations, cash flow management, and financial regulations.
• Ability to identify pain points and propose solutions for both clients and internal banking systems.
• Strong interpersonal and communication skills to liaise effectively with clients, teams, and management.