Scrum Master Role in a Project

Scrum Master Role in a Project

Let us observe who  is Scrum Master and what Scrum Master Role is  in a Project.

Scrum team includes of Scrum Master, Product Owner and Development Team.

Scrum Master Role

Let us discuss some important roles of the Scrum master’s in project:

The primary responsibility of the Scrum Master is to build a Team. And he works closely with the team to deliver the project without bugs and he ensures to deliver on time. To achieve this Scrum Master needs to coordinate and discuss with internal and external stakeholders. Scrum Master acts as a guide for Scrum process, assistant, coach, facilitator and change agent.

Scrum Master facilitates the Scrum activities and removes impediment’s so that the team can build successful product. Scrum Master closely works with the team to understand the team concerns and challenges, and he works with the concerned teams to provide solution to the team to deliver successful product.

Facilitator: To adopt scrum for team, maintain transparency, bring effectiveness in meetings, resolve conflicts and bring best of team.

Guide: Scrum master act as a guide, he explains scrum frame work, roles, responsibilities and activities to the scrum team.

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Enhanced Customer Due Diligence (ECDD) and Customer Due Diligence

Customer Due Diligence and Enhanced Customer Due Diligence (ECDD)

Enhanced Customer Due Diligence
Enhanced Customer Due Diligence

Enhanced Customer Due Diligence (ECDD)

Enhanced Customer Due Diligence:

Any financial institution (Banks and NBFC’s) has to follow the KYC process when they are opening any relationship with the customer (Customer on boarding/ Account Opening). This is part of the global efforts to comply with Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) laws, to protect the business from fraud and bad actors. Customer due deligence (CDD) and Enhanced Customer Due Diligence (ECDD)

During the KYC process, Customer Due Diligence is a key measure that scrutinizes the risk exposure of a customer.

However, in some cases the regulatory compliance extends beyond the customer on boarding stage, when additional or enhanced checks are required.

Business Analyst Role in AML and KYC Project

What is Enhanced Customer Due Diligence (ECDD)?

Enhanced customer due diligence, or ECDD, are additional checks to minimize the risk exposures, violations of regulatory compliance, and prevent financial crimes arising from money laundering or terrorist financing. EDD procedures are applicable to all entities, whether individuals or non_individuals (businesses), which are deemed ‘high risk’ or mandated under the law for, enhanced diligence.

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How to write user stories effectively in Agile?

How to write User stories

Let us discuss here how to write user stories and what are 3 C’s of User Story.

User Story and how to write user stories.

User Stories and how to write user Stories

When we are working on agile process (methodology), user stories are very important.  Because we have to write requirements as a user story to understand easily.

To write user stories first we need to understand who the user/Actor is and what his role in application is and what actions user will perform by using this product.

  • User story should be understandable
  • And User story should be Testable.

Usually product owner will write the user stories with the help of the team, team will participate on discussions to understand what the requirement is clearly.

A User Story has three primary components. Before writing user story we must understand below.

  • Who is the user?
  • What action he will perform?
  • What outcome or benefit he will get?

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This is the standard template using to write user stories.

  • As a <user role> of the product,
  • I can <action>
  • So that <benefit>.

In other words, the written text of the story, the invitation to a conversation, must address the “who”, “what” and “why” of the story.

What are The Three ‘C’s of User Story

  • Card:  The Card, or written text of the User Story is best understood as an invitation to conversation.
  • Conversation. The collaborative conversation facilitated by the Product Owner which involves all stakeholders and the team.
  • Confirmation.

Let us discuss in detail below what are the 3 C’s of User Story

Discussions/ Team meetings:

The collaborative conversation facilitated by the Product Owner / Scrum master which involves all stakeholders and the team.

As much as possible, this is an in-person conversation.

The conversation is where the real value of the story lies, and the written Card should be adjusted to reflect the current shared understanding of this conversation.

This conversation is mostly verbal but most often supported by documentation and ideally automated tests of various sorts

Confirmation

The Product Owner must confirm that the story is complete before it can be considered “done”
The team and the Product Owner check the “done status” of each story in light of the Team’s current definition of “done” .Specific acceptance criteria that is different from the current definition of “done” can be established for individual stories, but the current criteria must be well understood and agreed to by the Team. All associated acceptance tests should be in a passing state.

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INVESTii

The test for determining whether or not a story is well understood and ready for the team to start working on it is the INVEST acronym:

  • Independent — The story should be independent.
  • Negotiable — Can this story be changed or removed without impact to everything else?
  • Valuable — Does this story have value to the end user?
  • Estimable — Can you estimate the size of the story?
  • Small —Is it small enough?
  • Testable — User story should be testable.

User Stories FAQ

What is a user story in Agile?

user story is a tool used in Agile software development to capture a description of a software feature from an end user perspective. The user story describes the type of user, what they want and why. … A user story can be considered a starting point to a conversation that establishes the real product requirement.

What are 3 C's in user stories?

The Three ‘C’s
This discovery occurs through conversation and collaboration around user stories. In other words, the written text of the story, the invitation to a conversation, must address the “who”, “what” and “why” of the story

What are the characteristics of a user story?

The INVEST acronym, given by Bill Wake, suggests characteristics of good user stories. The acronym stands for Independent, Negotiable, Valuable, Estimative, Small, and Testable. Let us examine each characteristic in detail. User Stories are often inherently dependent on each other

Who writes a user story?

Anyone can write user stories. It’s the product owner’s responsibility to make sure a product backlog of agile user stories exists, but that doesn’t mean that the product owner is the one who writes them. Over the course of a good agile project, you should expect to have user story examples written by each team member.

How do you define a user story?

user story is a tool used in Agile software development to capture a description of a software feature from an end-user perspective. A user story describes the type of user, what they want and why. A user story helps to create a simplified description of a requirement

Are user stories requirements?

User Story is a requirement expressed from the perspective of an end-user goal. User Stories may also be referred to as Epics, Themes or features but all follow the same format. A User Story is really just a well-expressed requirement. … It defines the requirement in language that has meaning for that role

What is Business Analyst Role in AML and Kyc Project

Business Analyst Role in AML and Kyc Project

The Global Markets AML and KYC Initial Due Diligence Team exists to help protect the Firm from Regulatory and Reputational risk. The KYC Initial Due Diligence team is responsible for the reviews of Clients in accordance with Financial Crime and Anti Money Laundering procedures in adherence of standards set by the UK and US regulators.

Business Analyst Role in AML and KYC Project
Let us observe Business Analyst Role in AML and KYC Project

The Team acts as a First Line of Defense for the Firm’s KYC Review process. The Team works closely with the Client On boarding (COB) and the second line of defense Financial Crime Compliance (FCC) teams globally, aiming to move clients from “prospect” to “customer” in the shortest possible time and ensure a synchronized approach to servicing our clients.

               In addition, the team provides guidance and advice to COB(Customer on Boarding) around KYC(Know your customer) requirements and financial crime issues and assists in ad-hoc / ongoing regulatory projects to improve quality of client static data on Credit Suisse internal databases. The team promotes fast, efficient, streamlined and transparent on-boarding experience.

              We are a department that values Diversity and Inclusion (D&I) and are committed to realizing the firm’s D&I ambition which is an integral part of our global Conduct and Ethics Standards.

Responsibilities:

  • You will verify the identity of prospective new clients across the GM division.
  • You will perform timely and accurate KYC reviews with regards to the local regulatory and Credit Suisse policies and procedures.
  • You will assure that the Sanctions, PEP (Politically Exposed Persons) and Adverse Media/Negative News screening has taken place using the appropriate systems.
  • It is essential for you to ensure the clients are accurately classified as prescribed by CS Policy and Regulatory expectations.
  • You will implement any required changes in the client data during the on boarding process and facilitate the resolution of any matters arising from the KYC review.

You will ensure any additional due diligence checks that are being made for the clients depending on the risk levels.

Here my intention is to provide overview on AML and KYC and what Business Analyst does in AML and KYC Project.

To know more about CDD and ECDD

To know more about AML and KYC 

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