- Bukit Merah Central Region (Singapore) Singapore
R Systems Hiring! Full Time Functional Business Analyst in Central Region (Singapore), Earn up to SGD 13,500 - Ricebowl
Functional Business Analyst
R Systems
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Job Description
Responsibilities
1. Business Analysis & Requirements Management
Lead requirements elicitation workshops with Product Owners, Business Stakeholders, Operations, Compliance, Risk, and Technology teams.
Analyse, document, and validate business, functional, and non-functional requirements for Stablecoin and Digital Asset initiatives.
Produce BRDs, Functional Specifications, User Stories, Use Cases, Process Flows, and Acceptance Criteria.
Perform gap analysis between current-state ("As-Is") and future-state ("To-Be") processes.
Manage requirement traceability throughout the SDLC lifecycle.
Identify and manage requirement risks, dependencies, assumptions, and scope changes.
2. Stablecoin & Digital Asset Domain Analysis
Define and document end-to-end stablecoin journeys including:
Pay / Transfer
Receive / Collection
Fiat ↔ Stablecoin Conversion
Wallet Management
Wallet Payee Management
Onboarding / Offboarding
Reconciliation & Reporting
Analyse impacts to digital channels including internet banking, APIs, Host-to-Host (H2H), and mobile platforms.
Document business rules for wallet operations, transaction lifecycle, settlement, limits, fees, and exception handling.
Support future digital asset initiatives including tokenised deposits, CBDC, and programmable settlement capabilities.
3. Corporate Channel & Entitlement Framework
Define and maintain corporate channel entitlement models covering:
User Roles · RBAC Frameworks
Maker-Checker Approvals
Transaction Limits
Authorization Matrix
Wallet and Account Entitlements
Ensure stablecoin services are integrated into existing corporate banking security and approval frameworks.
Work closely with channel teams to define onboarding, subscription packages, and access controls.
4. Regulatory, Compliance & Risk Requirements
Collaborate with Compliance, AML, Fraud, and Risk teams to define controls for:
KYC/CDD
AML Monitoring
Sanctions Screening
Travel Rule Compliance
Wallet Screening
Transaction Monitoring
Audit and Reporting Requirements
Ensure regulatory obligations are embedded into requirements and solution design.
Support reviews related to MAS regulations and cross-border digital asset controls.
5. Stakeholder & Delivery Management
Serve as the bridge between Business, Product, Technology, Architecture, Operations, and Testing teams. · Facilitate requirement walkthroughs and solution discussions.
Support Agile ceremonies including grooming, sprint planning, backlog refinement, and UAT readiness.
Drive issue resolution and requirement clarifications throughout delivery.
6. Testing & Implementation Support
Translate business requirements into test scenarios and test cases.
Support SIT, UAT, and Production Validation testing.
Review defects and determine whether issues are defects, change requests, or enhancement opportunities.
Support implementation, rollout planning, and post-production stabilization
Requirements:
8–12 years of Functional Business Analysis experience in Banking or Financial Services.
Minimum 5 years in Transaction Banking, Payments, Cash Management, or Corporate Banking Channels.
Proven experience delivering large-scale digital transformation initiatives.
Stablecoin / Digital Asset Knowledge
Strong understanding of:
Stablecoins
Blockchain Fundamentals
Wallet Concepts
Digital Asset Custody
Tokenised Money
Tokenised Deposits
CBDC Ecosystem
Experience supporting Stablecoin, Blockchain, Digital Asset, or Distributed Ledger Technology (DLT) initiatives.
Understanding of wallet-to-wallet transfers, digital asset settlement, and on-ramp/off-ramp models.
Corporate Banking Channels Strong knowledge of:
Corporate Internet Banking
Entitlements & RBAC
Authorization Matrix
User Administration
Bulk Payments
H2H Integrations
API Banking
Cash Management
Payment Domain Knowledge
Strong understanding of: Cross-border Payments, RTGS, SWIFT, ISO 20022, ACH, Reconciliation, Settlement Processes
Knowledge of digital settlement and programmable payment concepts.
Business Analysis Skills
Expert in:
BRD / FRD Preparation
User Stories
BPMN / Process Modelling
Requirement Traceability
Impact Assessment
Gap Analysis
Stakeholder Management
Experience with Agile delivery using JIRA and Confluence.
Preferred / Good-To-Have Skills
Exposure to SWIFT Digital Ledger initiatives.
Experience with Stablecoin products such as USDC, tokenised deposits, or institutional digital asset platforms.
Knowledge of blockchain networks such as Ripple, Ethereum, Hyperledger, or Polygon.
Understanding of smart contracts and programmable settlement.
Familiarity with Travel Rule, wallet address validation, and blockchain analytics solutions.
Experience working with Compliance, Fraud, AML, and Risk teams on digital asset initiatives.
R Systems, founded in 1993, is a specialized IT Services & Solutions and IT-enabled Services provider catering to a wide range of global customers. We are endowed with some of the industry’s highest quality certifications and standards, including CMMI Level 5, PCMM Level 5, ISO 27001:2013 and ISO 9001:2008. Our IT services and solutions span five major verticals which include Telecom & Digital Media, Banking & Finance, HealthCare, Manufacturing & Logistics, and Government Services.
Ever since our inception, we have grown in size and capability and currently operate from 11 development and service centers spread across Asia Pacific, Europe, and North America. We serve customers worldwide using our global delivery model and 2050+ expert resources. We have won countless accolades from global customers for our benchmarked delivery track record, quality standards, and adaptability to technological challenges.
Our strength lies in our quality procedures, delivery and operational excellence, customer-centric approach, intellectual capital, and culture of innovation. With a rich legacy spread over two decades, we generate Value that helps organizations transcend to higher levels of efficiency and growth. Quite like the Oyster Delivering the Pearl!
Lead requirements elicitation workshops with Product Owners, Business Stakeholders, Operations, Compliance, Risk, and Technology teams.
Analyse, document, and validate business, functional, and non-functional requirements for Stablecoin and Digital Asset initiatives.
Produce BRDs, Functional Specifications, User Stories, Use Cases, Process Flows, and Acceptance Criteria.
Perform gap analysis between current-state ("As-Is") and future-state ("To-Be") processes.
Manage requirement traceability throughout the SDLC lifecycle.
Identify and manage requirement risks, dependencies, assumptions, and scope changes.
2. Stablecoin & Digital Asset Domain Analysis
Define and document end-to-end stablecoin journeys including:
Pay / Transfer
Receive / Collection
Fiat ↔ Stablecoin Conversion
Wallet Management
Wallet Payee Management
Onboarding / Offboarding
Reconciliation & Reporting
Analyse impacts to digital channels including internet banking, APIs, Host-to-Host (H2H), and mobile platforms.
Document business rules for wallet operations, transaction lifecycle, settlement, limits, fees, and exception handling.
Support future digital asset initiatives including tokenised deposits, CBDC, and programmable settlement capabilities.
3. Corporate Channel & Entitlement Framework
Define and maintain corporate channel entitlement models covering:
User Roles · RBAC Frameworks
Maker-Checker Approvals
Transaction Limits
Authorization Matrix
Wallet and Account Entitlements
Ensure stablecoin services are integrated into existing corporate banking security and approval frameworks.
Work closely with channel teams to define onboarding, subscription packages, and access controls.
4. Regulatory, Compliance & Risk Requirements
Collaborate with Compliance, AML, Fraud, and Risk teams to define controls for:
KYC/CDD
AML Monitoring
Sanctions Screening
Travel Rule Compliance
Wallet Screening
Transaction Monitoring
Audit and Reporting Requirements
Ensure regulatory obligations are embedded into requirements and solution design.
Support reviews related to MAS regulations and cross-border digital asset controls.
5. Stakeholder & Delivery Management
Serve as the bridge between Business, Product, Technology, Architecture, Operations, and Testing teams. · Facilitate requirement walkthroughs and solution discussions.
Support Agile ceremonies including grooming, sprint planning, backlog refinement, and UAT readiness.
Drive issue resolution and requirement clarifications throughout delivery.
6. Testing & Implementation Support
Translate business requirements into test scenarios and test cases.
Support SIT, UAT, and Production Validation testing.
Review defects and determine whether issues are defects, change requests, or enhancement opportunities.
Support implementation, rollout planning, and post-production stabilization
Requirements:
8–12 years of Functional Business Analysis experience in Banking or Financial Services.
Minimum 5 years in Transaction Banking, Payments, Cash Management, or Corporate Banking Channels.
Proven experience delivering large-scale digital transformation initiatives.
Stablecoin / Digital Asset Knowledge
Strong understanding of:
Stablecoins
Blockchain Fundamentals
Wallet Concepts
Digital Asset Custody
Tokenised Money
Tokenised Deposits
CBDC Ecosystem
Experience supporting Stablecoin, Blockchain, Digital Asset, or Distributed Ledger Technology (DLT) initiatives.
Understanding of wallet-to-wallet transfers, digital asset settlement, and on-ramp/off-ramp models.
Corporate Banking Channels Strong knowledge of:
Corporate Internet Banking
Entitlements & RBAC
Authorization Matrix
User Administration
Bulk Payments
H2H Integrations
API Banking
Cash Management
Payment Domain Knowledge
Strong understanding of: Cross-border Payments, RTGS, SWIFT, ISO 20022, ACH, Reconciliation, Settlement Processes
Knowledge of digital settlement and programmable payment concepts.
Business Analysis Skills
Expert in:
BRD / FRD Preparation
User Stories
BPMN / Process Modelling
Requirement Traceability
Impact Assessment
Gap Analysis
Stakeholder Management
Experience with Agile delivery using JIRA and Confluence.
Preferred / Good-To-Have Skills
Exposure to SWIFT Digital Ledger initiatives.
Experience with Stablecoin products such as USDC, tokenised deposits, or institutional digital asset platforms.
Knowledge of blockchain networks such as Ripple, Ethereum, Hyperledger, or Polygon.
Understanding of smart contracts and programmable settlement.
Familiarity with Travel Rule, wallet address validation, and blockchain analytics solutions.
Experience working with Compliance, Fraud, AML, and Risk teams on digital asset initiatives.
R Systems, founded in 1993, is a specialized IT Services & Solutions and IT-enabled Services provider catering to a wide range of global customers. We are endowed with some of the industry’s highest quality certifications and standards, including CMMI Level 5, PCMM Level 5, ISO 27001:2013 and ISO 9001:2008. Our IT services and solutions span five major verticals which include Telecom & Digital Media, Banking & Finance, HealthCare, Manufacturing & Logistics, and Government Services.
Ever since our inception, we have grown in size and capability and currently operate from 11 development and service centers spread across Asia Pacific, Europe, and North America. We serve customers worldwide using our global delivery model and 2050+ expert resources. We have won countless accolades from global customers for our benchmarked delivery track record, quality standards, and adaptability to technological challenges.
Our strength lies in our quality procedures, delivery and operational excellence, customer-centric approach, intellectual capital, and culture of innovation. With a rich legacy spread over two decades, we generate Value that helps organizations transcend to higher levels of efficiency and growth. Quite like the Oyster Delivering the Pearl!
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