Job Description
Position: Opening for a Business Analyst - Payments Domain
EXPERIENCE
4+ years of relevant experience as a Business Analyst in a bank or Fin Tech in the Payments Domain
CORE RESPONSIBILITIES
1. Understand and review the business requirements and articulate the same into detailed functional specifications, business scenarios and process flows
2. Liaise directly with business users from the bank and be responsible for end-to-end delivery of the solution scope
3. Lead the Business Analyst stream for the project and provide support during various phases of functional testing. Participate in defect triage, root-cause analysis and query resolution
4. Showcase the product and impart training to project stakeholders
5. Review design and testing deliverables to ensure completeness of requirements
PREFERRED SKILLS
PAYMENTS DOMAIN – MUST HAVE
1. Proven experience in end-to-end processing (outward and inward) of electronic payments (domestic and international) across various country/region specific payment schemes – (preferred : US, Canada OR Europe) for any of the below:
a. High-value payments
b. Low-value batch payments
c. Real-Time / Instant payments
d. Requests-to-Pay
2. Proven product experience of having worked for at least 1 year on any of the below processing components
a. Payment Initiation Channel - Internet, Mobile, API, Host-to-Host
b. Payment Processing - Pre-processor HUB, Payment Engine / Gateway
3. Working knowledge of industry standard payment file / message formats
a. SWIFT MT - 1xx, 2xx, +xx
b. ISO
20022 / SWIFT MX - pain.xxx, pacs.xxx, camt.xxx, remt.xxx
c. Payment rail specific clearing formats
BUSINESS ANALYSIS – MUST HAVE
1. Experience in
a. functional requirement elicitation and solution design
b. documenting use cases/business requirements (BRD), user stories/functional specifications (FSD,FRD), process flow diagrams, interface mapping, UI wireframes
c. product fitment, gap analysis, requirement traceability
d. reviewing testcase scenarios
2.
Experience of working in a complete SDLC - Waterfall and/or Agile models
3. Proven client interaction and direct participation in client requirement gathering, elicitation, functional solution design and defect triage
SOFT SKILLS – MUST HAVE
1. Excellent oral and written communication in English and good presentation/training skills
2. Proficiency in Microsoft Office tools – Word, Excel, Power Point
OPTIONAL SKILLS – GOOD to HAVE
1. Understanding of core banking systems and Basic technical knowledge of database, APIs, MQ
2. Any industry-recognized BA certifications
EXPERIENCE
4+ years of relevant experience as a Business Analyst in a bank or Fin Tech in the Payments Domain
CORE RESPONSIBILITIES
1. Understand and review the business requirements and articulate the same into detailed functional specifications, business scenarios and process flows
2. Liaise directly with business users from the bank and be responsible for end-to-end delivery of the solution scope
3. Lead the Business Analyst stream for the project and provide support during various phases of functional testing. Participate in defect triage, root-cause analysis and query resolution
4. Showcase the product and impart training to project stakeholders
5. Review design and testing deliverables to ensure completeness of requirements
PREFERRED SKILLS
PAYMENTS DOMAIN – MUST HAVE
1. Proven experience in end-to-end processing (outward and inward) of electronic payments (domestic and international) across various country/region specific payment schemes – (preferred : US, Canada OR Europe) for any of the below:
a. High-value payments
b. Low-value batch payments
c. Real-Time / Instant payments
d. Requests-to-Pay
2. Proven product experience of having worked for at least 1 year on any of the below processing components
a. Payment Initiation Channel - Internet, Mobile, API, Host-to-Host
b. Payment Processing - Pre-processor HUB, Payment Engine / Gateway
3. Working knowledge of industry standard payment file / message formats
a. SWIFT MT - 1xx, 2xx, +xx
b. ISO
20022 / SWIFT MX - pain.xxx, pacs.xxx, camt.xxx, remt.xxx
c. Payment rail specific clearing formats
BUSINESS ANALYSIS – MUST HAVE
1. Experience in
a. functional requirement elicitation and solution design
b. documenting use cases/business requirements (BRD), user stories/functional specifications (FSD,FRD), process flow diagrams, interface mapping, UI wireframes
c. product fitment, gap analysis, requirement traceability
d. reviewing testcase scenarios
2.
Experience of working in a complete SDLC - Waterfall and/or Agile models
3. Proven client interaction and direct participation in client requirement gathering, elicitation, functional solution design and defect triage
SOFT SKILLS – MUST HAVE
1. Excellent oral and written communication in English and good presentation/training skills
2. Proficiency in Microsoft Office tools – Word, Excel, Power Point
OPTIONAL SKILLS – GOOD to HAVE
1. Understanding of core banking systems and Basic technical knowledge of database, APIs, MQ
2. Any industry-recognized BA certifications
💡 Quick Summary
Seeking a career-building opportunity? The Business Analyst | Domain position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
