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.