We are looking for a highly experienced Business Analyst with extensive knowledge and hands-
on experience in ISO 20022, FED (Federal Reserve), CHIPS (Clearing House Interbank
Payments System), and payment systems. In this role, you will collaborate closely with business
and technology teams to define and translate business requirements into functional
specifications, helping to implement and enhance real-time payment solutions.
As a Business Analyst, you will be responsible for analyzing payment system processes,
gathering requirements, and ensuring that solutions meet business needs while aligning with
industry standards and regulatory guidelines.
Key Responsibilities:
 Requirements Gathering: Work closely with business stakeholders to gather and
document detailed requirements for payment system solutions, particularly around FED,
CHIPS, and ISO 20022 formats.
 ISO 20022 Expertise: Leverage your deep knowledge of the ISO 20022 messaging
format to define, document, and ensure proper integration with payment systems like
FED, CHIPS and SWIFT
 Functional Analysis: Analyze existing payment systems and recommend
improvements or enhancements based on business needs and industry best practices,
especially with regard to real-time payments.
 Business Process Mapping: Create process flows, business models, and workflows to
ensure that payment systems are aligned with organizational objectives and regulatory
standards.
 System Integration Support: Work with technical teams to translate business
requirements into functional specifications, facilitating the integration of payment
systems with other banking platforms, core systems, and third-party services.
 Compliance & Regulatory Analysis: Ensure that payment solutions are compliant with
regulatory requirements, including those around real-time payments, anti-money
laundering (AML), and data privacy laws (GDPR, PCI DSS).
 Stakeholder Communication: Serve as a bridge between business and technical
teams, ensuring effective communication and understanding of requirements, issues,
and solution delivery.
 Testing & Validation: Assist with UAT (User Acceptance Testing) and validate that the
implemented solution meets business expectations, especially in regard to payment
message formats and functionality.
 Documentation: Maintain clear and comprehensive documentation, including functional
specifications, business process flows, and detailed reporting for stakeholders.

 Reporting & Analytics: Provide regular updates and reports to stakeholders on project
progress, risks, and issues related to payment system enhancements or integrations.
Key Requirements:
 Experience:
o 5-8 years of experience as a Business Analyst with a focus on payment systems,
particularly with hands-on experience in ISO 20022, FED, CHIPS and SWIFT.
o Demonstrated experience in defining business requirements for payment
systems, including real-time payment processing.

 ISO 20022 Expertise:
o Deep functional knowledge of the ISO 20022 standard and its implementation in
payment systems, including message formats, transaction flows, and integration.
o Practical experience with ISO 20022-based systems and protocols in both
domestic and international payment environments.

 Payment Systems Knowledge:
o Solid understanding of real-time payment networks such as FED, CHIPS,
SWIFT, and other banking payment infrastructures.
o Familiarity with payment processing regulations and standards such as ISO
8583, PCI DSS, AML, and GDPR.

 Business Analysis Skills:
o Strong skills in requirements gathering, functional specifications, and business
process modeling (BPMN, UML, etc.).
o Ability to communicate complex business and technical concepts to non-
technical stakeholders and senior management.

 Analytical & Problem-Solving Skills:
o Strong analytical skills to evaluate and improve payment system processes,
identify bottlenecks, and suggest practical solutions to meet business objectives.

Preferred Qualifications:
 Experience with payment systems modernization, such as transitioning from legacy
payment networks to ISO 20022-based platforms.
 Exposure to global payment systems and multi-currency environments.
 Knowledge of emerging payment trends, such as blockchain and digital currencies, and
their potential impact on traditional payment systems.