Business Analyst - Payments Specialist

Overview

We are seeking a skilled Business Analyst with deep payments expertise to join our team. The role focuses on analyzing organizational processes and systems, assessing business models with technology integration, and delivering efficient payment solutions specifically for SEPA and DKK payments. The candidate will gather detailed business requirements and collaborate closely with multiple stakeholders to support compliance with European and Nordic payment schemes.

Key Responsibilities

• Serve as the Subject Matter Expert (SME) for SEPA and DKK payment systems, ensuring adherence to EPC, NPC, SEPA, and P27 regulatory frameworks.
• Gather, analyze, and document comprehensive business and functional requirements related to SEPA Credit Transfers, Direct Debits, instant payments, and Danish Kroner clearing transactions.
• Collaborate with business users, product owners, and technology teams to design compliant and efficient payment solutions aligned with industry standards and legal mandates.
• Manage and validate payment message formats using ISO 20022 standards (PAIN, PACS, CAMT) and assess impacts of regulatory updates.
• Define batch processing workflows and ensure accurate settlement and reconciliation of SEPA and DKK payments.
• Partner with technical teams to design and execute tests for payment workflows, validation rules, and exception handling processes.
• Oversee User Acceptance Testing (UAT), System Integration Testing (SIT), and support production deployments ensuring alignment with business and compliance needs.
• Investigate and resolve payment failures, rejections, and compliance issues, recommending appropriate remediation actions.
• Ensure all payment operations comply with AML, KYC, fraud detection, and overall compliance frameworks.
• Mentor and provide guidance to junior analysts on payment rules, clearing mechanisms, and batch processing structures.

Required Qualifications and Skills

• Minimum 7.5 years’ experience specifically with Clear2Pay payment solutions.
• At least 5 years of experience in payments domain focusing on SEPA and DKK payment schemes, including cross-border payment processing.
• In-depth knowledge of SEPA Credit Transfers (SCT), instant payments, and Nordic clearing systems.
• Practical experience in batch processing, payment reconciliations, and settlement procedures.
• Expertise with ISO 20022 message formats and transforming payment messages (PAIN, PACS, CAMT).
• Familiarity with payment gateways, clearing infrastructures, and correspondent banking processes.
• Awareness of payment regulatory frameworks, compliance standards, fraud controls, and AML/KYC requirements.
• Understanding of SWIFT messaging, AML screening, and transaction monitoring beneficial.
• Experience working in Agile development environments using JIRA, Confluence, and Business Analyst tools.
• Basic knowledge of Kafka for event streaming related to payments.
• Competence in command-line operations for troubleshooting and batch management.
• Hands-on skills with Postman for API testing and good working knowledge of REST and SOAP APIs for integrations.

Educational & Other Requirements

• Completed 15 years of full-time education.
• Bachelor's or Master’s degree in Finance, Banking, Information Technology, or closely related fields.
• Certifications related to Payments, SEPA, or ISO 20022 standards are advantageous.
• Professional background includes experience with banks, fintech companies, or payment service providers.

Additional Information

• This position requires presence at the Bengaluru office location.
• The role offers involvement in strategic payment transformation initiatives and exposure to global payment ecosystems and regulations.
• Opportunity to collaborate with a highly skilled team of payment domain experts and industry professionals.