Compliance BA

We are looking for a highly analytical and detail-oriented Compliance Business Analyst (BA) to assist in our regulatory and compliance endeavors. As the ideal candidate, you will play a crucial role as a connector between compliance, business units, and IT teams to ensure that our internal processes and systems are in line with current regulatory requirements and risk management standards. It is imperative that you possess a strong understanding of banking, compliance, and anti-money laundering. Additionally, familiarity with key systems such as Core (Flexcube), SAS AML, and Cards is essential. Your proficiency in the Agile framework and experience in working with DevOps will be highly beneficial as you will be required to translate business needs into technical specifications for the development team. Excellent verbal and written communication skills are a must for effective collaboration and documentation. Your primary responsibilities will include gathering, documenting, and analyzing business and compliance requirements related to various regulatory policies such as GDPR, SOX, AML, KYC, and HIPAA. You will be tasked with translating regulatory obligations into business requirements, process flows, and system specifications. Collaboration with compliance, legal, audit, risk, and IT teams will be crucial in implementing compliance controls and frameworks. Conducting gap analysis, risk assessments, and remediation activities for internal policies and regulatory mandates will also be part of your role. Tracking and managing compliance issues, as well as facilitating compliance reviews, audits, and reporting to internal and external stakeholders, will require your attention to detail and proactive approach. The following qualifications will be necessary for this role: - A Bachelor's degree in Business Administration, Finance, Information Systems, or a related field. - 3 to 5 plus years of experience as a Business Analyst, preferably in a regulatory compliance or risk management environment. - Strong understanding of compliance frameworks and regulations applicable to industries such as financial services, healthcare, and technology. - Experience with business analysis tools like JIRA, Confluence, Visio, and Excel. - Ability to analyze complex regulatory requirements and translate them into actionable business processes or system requirements. - Proficiency in documentation, reporting, and presentation skills. - Knowledge of GRC tools such as Archer, ServiceNow GRC, or MetricStream. - Familiarity with data privacy regulations like GDPR and CCPA. - Experience working in Agile or Waterfall project environments. - Certifications such as CBAP, CRISC, CISA, or CAMS will be a plus. - Excellent stakeholder management and interpersonal skills. - Strong analytical and problem-solving capabilities. - Detail-oriented with the ability to work independently and manage multiple tasks simultaneously. - High ethical standards and integrity. At Virtusa, we value teamwork, quality of life, and both professional and personal development. Joining our team means becoming part of a global workforce of 27,000 individuals who are dedicated to your growth. We offer exciting projects, opportunities, and exposure to cutting-edge technologies throughout your career with us. Our company culture fosters collaboration and provides a dynamic environment for great minds to innovate and excel.,