Business Analyst
Synectics APAC
Date: 3 weeks ago
City: Chennai, Tamil Nadu
Contract type: Full time
Key Responsibilities
Engage with stakeholders to gather, analyze, and document functional and non-functional requirements for payment systems.
Work on projects involving domestic and international payments: NEFT, RTGS, IMPS, UPI, SWIFT, SEPA, FPS, ACH, FedNow, RTP, Wires, POS payments.
Analyze existing payment workflows to identify automation and efficiency opportunities.
Prepare Business Requirement Documents (BRD), Functional Specifications (FSD), and User Stories.
Collaborate with product, compliance, operations, and technology teams to deliver payment solutions.
Conduct gap and impact analysis, ensuring system compatibility with payment schemes and messaging standards (ISO 20022, ISO 8583).
Support UAT planning, execution, and facilitate sign-offs from stakeholders.
Ensure adherence to regulatory requirements (RBI, FIPS, PCI DSS, PCI PIN, PSD2, AML/KYC).
Required Skills
5+ years of experience as a Business Analyst in the Payments / Banking domain.
Hands-on experience in USA payments domain.
Strong understanding of payment instruments (cards, wallets, bank transfers, CNP transactions), protocols, and processing life cycles.
Familiarity with payment switches, gateways, clearing & settlement, and core banking integrations.
Knowledge of payment messaging standards: SWIFT, ISO 20022, ISO 8583.
Experience working with Agile and Waterfall methodologies.
Proficiency with tools such as JIRA, Confluence, Visio, or similar.
Preferred Qualifications
MBA graduates from reputed institutions.
Certifications such as CBAP, Agile BA, or PMP.
Exposure to emerging payment technologies: UPI, tokenization, open banking APIs, QR payments, Stable Coin.
Strong knowledge of compliance & risk in digital payments (AML, fraud monitoring, transaction screening).
Engage with stakeholders to gather, analyze, and document functional and non-functional requirements for payment systems.
Work on projects involving domestic and international payments: NEFT, RTGS, IMPS, UPI, SWIFT, SEPA, FPS, ACH, FedNow, RTP, Wires, POS payments.
Analyze existing payment workflows to identify automation and efficiency opportunities.
Prepare Business Requirement Documents (BRD), Functional Specifications (FSD), and User Stories.
Collaborate with product, compliance, operations, and technology teams to deliver payment solutions.
Conduct gap and impact analysis, ensuring system compatibility with payment schemes and messaging standards (ISO 20022, ISO 8583).
Support UAT planning, execution, and facilitate sign-offs from stakeholders.
Ensure adherence to regulatory requirements (RBI, FIPS, PCI DSS, PCI PIN, PSD2, AML/KYC).
Required Skills
5+ years of experience as a Business Analyst in the Payments / Banking domain.
Hands-on experience in USA payments domain.
Strong understanding of payment instruments (cards, wallets, bank transfers, CNP transactions), protocols, and processing life cycles.
Familiarity with payment switches, gateways, clearing & settlement, and core banking integrations.
Knowledge of payment messaging standards: SWIFT, ISO 20022, ISO 8583.
Experience working with Agile and Waterfall methodologies.
Proficiency with tools such as JIRA, Confluence, Visio, or similar.
Preferred Qualifications
MBA graduates from reputed institutions.
Certifications such as CBAP, Agile BA, or PMP.
Exposure to emerging payment technologies: UPI, tokenization, open banking APIs, QR payments, Stable Coin.
Strong knowledge of compliance & risk in digital payments (AML, fraud monitoring, transaction screening).
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
BPO Manager Operations
Cognizant,
Chennai, Tamil Nadu
1 day ago
Job SummaryWe are seeking an experienced BPO Manager Operations with 20 to 22 years of experience to oversee our hybrid work model operations. The ideal candidate will have a strong background in technical writing and delivery management. This role requires managing day-to-day operations ensuring efficiency and driving strategic initiatives to enhance service delivery. The position is based on a day...
Design Leader - Electronics
Valeo,
Chennai, Tamil Nadu
2 days ago
Valeo est une entreprise mondiale de haute technologie qui conçoit des solutions révolutionnaires pour réinventer la mobilité. Nous sommes un équipementier partenaire des constructeurs automobiles et des acteurs de la nouvelle mobilité dans le monde entier. Notre vision ? Inventer une mobilité plus verte et plus sûre, grâce à des solutions axées sur la conduite intuitive et la réduction des...
Consultant - IT
Flex,
Chennai, Tamil Nadu
2 days ago
Flex is the diversified manufacturing partner of choice that helps market-leading brands design, build and deliver innovative products that improve the world. We believe in the power of diversity and inclusion and cultivate a workplace culture of belonging that views uniqueness as a competitive edge and builds a community that enables our people to push the limits of innovation to...
