Job Overview:

The Bank Crypto IT Business Analyst plays a crucial role in bridging the gap between business operations and technology teams, ensuring that the bank’s cryptocurrency-related initiatives are properly aligned with technical capabilities, business goals, and regulatory requirements. This role is responsible for analyzing, designing, and implementing IT solutions for crypto assets, digital currencies, blockchain technologies, and associated risk management strategies. The Crypto IT Business Analyst will work closely with internal stakeholders such as compliance, risk, operations, and development teams to ensure seamless integration of cryptocurrency services, infrastructure, and regulatory compliance systems.

Key Responsibilities:

Crypto-Related Business and IT Requirements Gathering:

Collaborate with business stakeholders (e.g., crypto operations, compliance, risk management) to gather and define business requirements for cryptocurrency-related projects and services.
Translate business needs and regulatory requirements into clear, actionable IT specifications and solutions.
Document detailed business and technical requirements for cryptocurrency systems, platforms, and tools.
Conduct gap analysis of existing systems and identify areas for improvement or new system requirements for the integration of crypto-related services.

Blockchain and Crypto Infrastructure Design:

Work with technical teams to design, build, and implement blockchain-based infrastructure, wallet solutions, digital asset platforms, and cryptocurrency trading systems.
Ensure that crypto platforms and blockchain technologies are scalable, secure, and compliant with applicable regulations (e.g., FATF guidelines, anti-money laundering laws, KYC requirements).
Coordinate the development and integration of APIs, smart contracts, and other blockchain-based technologies into existing banking systems.
Support the evaluation of crypto-related technologies, such as decentralized finance (DeFi) platforms, tokenization solutions, and crypto exchanges.

Regulatory Compliance and Risk Management:

Collaborate with the compliance and legal teams to ensure cryptocurrency systems and services adhere to local and international regulatory frameworks (e.g., AML, KYT, KYC, FATF, GDPR).
Ensure that technology platforms comply with evolving crypto-related financial regulations and integrate with AML/KYC monitoring systems.
Assist in the design and implementation of crypto-related risk management controls, including transaction monitoring, fraud detection, and internal audit mechanisms.
Monitor regulatory updates related to cryptocurrencies, blockchain, and digital assets and work with internal teams to adjust IT solutions accordingly.

System Integration and Testing:

Oversee the integration of cryptocurrency platforms and blockchain solutions with the bank’s core systems, ensuring seamless transactions, reporting, and compliance.
Define and coordinate testing activities, including functional testing, user acceptance testing (UAT), and performance testing for crypto systems.
Ensure that testing scenarios address security, scalability, regulatory compliance, and usability concerns.
Work with IT teams to troubleshoot and resolve any system issues, including cryptocurrency wallet and exchange platform issues.

Data Analytics and Reporting:

Design and implement data collection strategies for cryptocurrency transactions, wallets, and blockchain interactions.
Develop and maintain dashboards and reports for monitoring crypto asset activities, transaction volumes, regulatory compliance, and risk exposure.
Collaborate with data analytics teams to create data models that help monitor market trends, security risks, and fraud in crypto transactions.
Analyse cryptocurrency transaction data to detect patterns of suspicious or high-risk activity and provide insights for compliance and risk teams.

Crypto Product Development and Innovation:

Support the bank’s innovation in crypto products by researching and proposing new crypto-related services, such as digital wallets, crypto lending, staking, and tokenized assets.
Ensure that new product offerings are well-supported by the underlying IT infrastructure, blockchain technology, and regulatory requirements.
Work with product management teams to create roadmaps for the launch of new crypto products and services, ensuring proper integration into the bank’s broader technology ecosystem.

Cross-Functional Collaboration:

Serve as a liaison between the crypto operations, IT, business, and compliance teams to ensure alignment across the bank’s cryptocurrency-related initiatives.
Communicate complex technical concepts related to blockchain and cryptocurrencies to non-technical stakeholders and executives.
Provide support and guidance to teams on technical issues related to crypto projects, ensuring they are resolved efficiently and effectively.

Incident Management and Security:

Help manage and respond to incidents involving cryptocurrency systems, including security breaches, fraud, or system failures.
Work with the security team to ensure that crypto systems are protected against cyberattacks and are fully compliant with cybersecurity best practices and regulations.
Ensure that crypto transactions are tracked, audited, and secured with appropriate cryptographic technologies and methods.

Training and Knowledge Sharing:

Provide training sessions for staff across various departments on the use of cryptocurrency systems, blockchain technologies, and related compliance processes.
Stay updated on emerging trends and technologies in the cryptocurrency space and share knowledge with internal teams.
Promote awareness of crypto-related risks and best practices for handling digital assets and transactions.

Al Maryah Community Bank

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Bank Crypto IT Business Analyst