Payments Business Analyst
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Job Location:
Jersey, NJ - USA
Monthly Salary:
Not Disclosed
Posted on:
10-10-2025
Vacancies:
1 Vacancy
Job Summary
Job Title: Business Analyst
Location: Jersey City NJ (onsite)
Job Type: Full time
Payments Business Analyst
Must Have Technical/Functional Skills
Payments Domain Knowledge SWIFT SEPA Faster Payments CHAPS RTGS ACH ISO 20022 Payment Lifecycle Understanding Payment Initiation Payment Validation Payment Routing Settlement Processes Reconciliation Regulatory Compliance (PSD2 AML KYC) Business Requirement Gathering Functional Specification Documentation Use Case Development Process Mapping BRD Creation UAT Support Defect Triage Stakeholder Management Agile Methodology Waterfall Methodology User Story Writing Traceability Matrix Workshop Facilitation Change Request Management Impact Analysis Business Process Reengineering Knowledge of Payment Platforms (GPP ACI FIS Temenos) Cross-Border Payments Real-Time Payments Digital Banking Transformation
Requirements Gathering & Analysis
- Engage with business stakeholders to understand payment-related requirements across domestic cross-border and real-time payment systems.
- Analyze existing payment processes systems and workflows to identify gaps and improvement opportunities.
- Translate business needs into detailed functional and non-functional requirements.
Payments Domain Expertise
- Work across various payment rails such as SWIFT SEPA Faster Payments CHAPS RTGS ACH and ISO 20022 standards.
- Understand and document payment lifecycle events including initiation validation routing settlement and reconciliation
- Collaborate with compliance teams to ensure alignment with regulatory requirements (e.g. PSD2 AML KYC).
Process Mapping & Documentation
- Create process flow diagrams use cases user stories and business requirement documents (BRDs).
- Maintain traceability matrices and ensure alignment between business needs and technical delivery.
Stakeholder Management
- Act as a bridge between business technology and operations teams to ensure clear communication and shared understanding.
- Facilitate workshops walkthroughs and requirement sign-offs with stakeholders.
Testing & Validation
- Support QA and UAT teams by reviewing test cases and validating that delivered solutions meet business requirements.
- Participate in defect triage and resolution during testing phases.
Solution Design Support
- Collaborate with architects and developers to ensure payment solutions are scalable secure and aligned with enterprise architecture.
- Provide input on data models integration points and system interfaces related to payment platforms.
Project & Change Management
- Contribute to project planning impact analysis and change request management.
- Track and report progress of payment-related initiatives to stakeholders.
Knowledge Management
- Maintain up-to-date documentation of payment systems business rules and regulatory changes.
- Share domain knowledge and mentor junior BAs or team members.
Preferred Skills & Experience
- 5 years of experience as a Business Analyst in the payments domain.
- Strong understanding of payment systems and standards (SWIFT ISO 20022 SEPA etc.).
- Experience with payment platforms like GPP (Fundtech) ACI FIS or Temenos Payments Hub.
- Familiarity with Agile and Waterfall methodologies.
- Excellent communication analytical and stakeholder management skills.
Key Skills
- SQL
- Agile
- Business Analysis
- Visio
- Waterfall
- Business Process Modeling
- Requirements Gathering
- User Acceptance Testing
- Business requirements
- SDLC
- Systems Analysis
- Data Analysis Skills
