565 Banking Analyst jobs in Singapore

This is an exciting opportunity to work in a dynamic team focused on anti-money laundering and source of wealth analysis.

• The role involves understanding and analyzing Source of Wealth (SoW) and Funds Corroboration, ensuring comprehensive and high-quality reviews of client information and documentation.
• Accurate identification of gaps in client's source of wealth and assessment of plausibility based on MAS and bank expectations.
• Meticulous reviews incorporating plausibility checks and validation of Clients' SoW and source of funds.
• Detailed calculations supporting client's SoW journey, including accumulation of wealth over time.

We seek experienced professionals with strong analytical writing skills, communication skills, and knowledge of private banking risks.

• 2-3 years of experience in AML and SoW in a private banking environment.
• Knowledgeable about AML risks of private banking clients.
• Strong analytical writing skills and communication skills to deal with contentious issues effectively.

• Liaise with relationship managers for deficiencies in KYC information and obtain corroboration documentation.
• Collaborate with auditors and stakeholders on audit and assurance-related matters.
• Coordination and collation of CDD related MIS.

• Good written and proficient oral communication skills.
• Familiarity with Excel and preparation of statistics for reporting.

We are seeking a skilled Business Analyst to join our Core Banking IT team and work on projects for the development and maintenance of Back Office systems.

Mandatory Skills:

• 7+ years of experience with banking IT systems, focusing on Core Banking and Payment Systems;
• In-depth knowledge of ISO20022, SWIFT, SEPA, and full payment lifecycle including handling of R-messages;
• Hands-on experience with Payments Hub, Clearing and Settlement systems;
• Strong background in Functional & System Integration Testing, UAT, and familiarity with SDLC and STLC;
• Proven experience working in Agile-Scrum environments, including sprint planning and story refinement;
• Skilled in breaking down Epics and Functional Specs into user stories with proper linkage and traceability;
• Familiar with Behavior Driven Development (BDD) using Cucumber and writing test cases in Gherkin format;
• Skilled in breaking down complex changes with strong analytical and communication abilities; experienced in cross-functional, global teams.

Required Qualifications:

• Analyze and map business and functional requirements for international Cash Management systems;
• Design test scenarios, execute testing and manage defect triage;
• Engage stakeholders across Front-to-Back functions; drive requirement gathering and solution design;
• Evaluate solution options, define viable designs, and guide implementation;
• Collaborate with developers, technical leads, and interface teams to ensure successful delivery;
• Coordinate with user groups and manage interface services integration;
• Prepare and maintain requirement documents, specifications, and QA deliverables;
• Provide functional guidance to teams and assist in resolving technical and business queries;
• Assess change impact and manage risks, timelines, and stakeholder expectations;
• Contribute to ongoing improvements and ensure alignment with business strategy.

About This Role

We offer a dynamic and challenging work environment that allows employees to grow and develop their skills. Our company is a renowned leader in the field of Core Banking and Payments.

Key Responsibilities:

The Contract Business Analyst will collaborate with business stakeholders to gather and document user requirements for the core banking system. This includes conducting workshops and interviews to understand user needs and expectations.

To be successful, the ideal candidate should have at least 4-5 years of relevant experience in business analysis, preferably in a banking or financial institution. The role requires strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills.

The selected candidate will work closely with technical teams to clarify any ambiguities in the Functional Specification Document (FSD).

Key responsibilities include:

• Collaborate with business stakeholders to gather and document user requirements
• Conduct workshops and interviews to understand user needs and expectations
• Develop comprehensive test scripts based on user requirements
• Coordinate and facilitate UAT sessions with end-users
• Validate data integrity and completeness post-migration

The role involves working closely with various teams to ensure a smooth transition to the new system.

Benefits:

• Strong collaboration and communication skills
• Ability to analyze complex information and identify key requirements
• Experience in business analysis, preferably in a banking or financial institution

About the Role:

This is an exciting opportunity to join a dynamic team and contribute to the development of a core banking system. If you have a passion for business analysis and are looking for a challenging role, this could be the perfect fit for you.

Banking Sector Client

Operations Maker Role (Maker/Checker Function):

• Maker role that involves pre-processing checks, data input and transactional processing of customer instructions for Time Deposits, Maxiyield, Structured Products, Remittances, Cashiers' Orders and Demand Drafts

• Performs reconciliation of instructions at end day and ensure filing is complete and up todate.

• Adhere to SOPs and ensure compliant with applicable Regulations and Bank Policies. Be audit ready and achieve satisfactory rating for both internal and external audit reviews.

• Handle queries from Business Units within agreed time frames and proper follow ups on issues

• Carry out any adhoc assignments/ projects as given by Team Lead and/or Department Head.

• Identify process improvements and automation opportunities to improve productivity and mitigate risks.

Skills Requirements

Good verbal and written communication skills

Independent worker.

Data input

Systematic and knowledge of Fixed Deposits, Structured Products and Remittances

Attributes/Personality traits required

Team player and ability to work under pressure

Meticulous (Data Input Nature of the Role)

Disciplined and able to work independently

Able to work Overtime

RESPONSIBILITIES

Products & Training

• Responsible in assisting AVP Product & Training in product development, launches, marketing communications, distribution, processes and systems set up
• Keep track on product life cycles and ensure that reviews and extension are completed on a timely basis
• Assist AVP Product Manager to complete market research for New Products implementation and/or Existing Products viability review
• Annual Review on bank product library, IBG Asset and Liabilities Review, Panel of lawyers and Mortgage Brokers to be conducted and submitted for approval
• Handle the Bancassurance and Unit Trust Submission to product partners within time line and validate documentation to be within the banks’ guidelines of Sales and Advisory.
• Responsible and follow up on customer's product enquiries received via the bank's communication channels
• Set and review service standards delivery by other support units to ensure high and efficient delivery of the service standards
• Work collaboratively with others, particularly the distribution channels, to achieve shared business goals and contribute towards building a collegial teamwork
• Co-ordinate RM training and skill enhancement requirements with the respective department or product partners to meet the annual CPD requirements
• Undertake other responsibilities or additional tasks as required from time to time to raise the standard of how we conduct retail business
• Recording Minutes of Sales Meetings
• Supporting, contributing, promoting and driving technology initiatives like Internet applications, mobile applications, etc towards promoting customer convenience and service excellence
• Any other role assigned by AVP Products/Head Retail

Bulk Remittance Processing

• End to End Management of the Bulk Remittance Transactions from the corporate arrangements in place
• A clear understanding of the process from receiving the required documents from the corporate, to preparation of the file after validating the values with the pdf attachments
• Sending the Transaction receipts to the corporate in the agreed format once RPC team has successfully processed the transactions

Administrative

• Monthly consolidation of reports required for RM Commission
• Perform data analysis for generating reports on periodic basis. Provide strong reporting and analytical information
• Be a focal point between branches and corporate office for approval, data and information request
• Handle Pricing and Product related approvals, deviations and issues arising from the product processes, involving coordination with credit, loan operations compliance, branches and other stakeholders
• Responsible to maintain product or product related registers/files to ensure proper safekeeping of information and documentation
• Scrutinize to ensure up-to-date information that is available on intranet and internet
• Compile Competitive Analysis of Deposit & Loan Interest Rates (weekly)
• Compilation of all the reports pertaining to retail banking / any other work allocated by Head Retail
• Maintain a record of all the Retail Policy renewal dates (maintained in Intranet)
• Preparing and Submitting Retail Review report to IBG
• Maintaining and sharing of data for reporting purposes

Code of Conduct and Code of Ethics

• The employee should ensure adherence to the Code of conduct and the Code of ethics stipulated by the Bank

REQUIREMENTS

• Diploma or Bachelor's Degree in Business, Finance, Banking, or related fields.
• 1 to 3 years in roles related to Financial advisory product management, training, or sales support within the financial services industry (MUST)
• Strong understanding of financial compliance and regulatory requirements in Singapore
• Working knowledge of Microsoft Office applications (e.g. Word, Excel, PowerPoint, etc)
• Self-motivated, goal orientated and able to work in a fast-paced environment
• Capable of managing multiple tasks and meeting deadlines in a dynamic environment.
• Meticulous, methodical and detail oriented

Scope:
Responsible for performance reporting
Provide insightful, accurate and comprehensive business performance analysis
Highlight performance variance and provide comparison against budget expectation and other business cycles
Perform reconciliation to ensure financial data accuracy
Manage and resolve data issues
Work closely with business units to assess feasibility of report requirements
Assess and review objective of data request prior to extraction
Constant review and assessment of workflow to strengthen work process.
Identify and initiate automated mechanism
6 Months Banking Analyst / $3500-$4000/Yio Chu Kang #ECT
Singapore | Posted: Oct 09, 2024
Requirements:
Degree in Banking & Finance or Business
Proficient in Excel
SAS query tool preferred
Office hours - 9am to 6.30pm (Mon to Fri)
If you meet the requirements of this role, please email a detailed resume in Word document to Chloe Tan Hui Lin at
Chloe Tan Hui Lin
CEI Registration No.: R1765524
Recruit Express Pte Ltd
EA99C4599
*All information will be treated with strictest confidence. We regret that only short-listed applicants will be notified.
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