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
Check out more projects on: https://afarax.be/jobs/type/freelance/