Business Analyst (ISO 20022/Payment) (Only T4)

Ampstek; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Ampstek in Toronto seeks an experienced Payments Business Analyst with deep expertise in Fed/CHIPS payments, ISO 20022, and SWIFT messaging standards to navigate end-to-end payment flows across domestic and international systems.

The role involves gathering requirements, documenting specifications, supporting modernization projects, and collaborating with operations and technology teams to implement regulatory changes and ensure accurate settlement and reconciliation.

Qualifications

• Experience with Fedwire and CHIPS payment processing.
• Hands-on knowledge of SWIFT MT and ISO 20022 MX messages.
• Solid understanding of domestic and cross-border payment flows.

Responsibilities

• Gather and analyze business requirements across payment systems and translate them into functional specifications
• Work on Fedwire, CHIPS, and cross-border payment flows including SWIFT MT and ISO 20022 (MX) messages
• Define and document end-to-end payment lifecycle including initiation, validation, clearing, settlement, and reconciliation
• Collaborate with business, operations, and technology teams for system enhancements and regulatory changes
• Support payment modernization initiatives including migration from MT to MX formats
• Participate in UAT, defect triage, and production issue resolution

Skills

Fedwire payments

CHIPS payments

SWIFT MT messages

ISO 20022 MX messages

End-to-end payment flows

Payment hubs / core banking

Job description

We are looking for an experienced Payments Business Analyst with strong domain expertise in Fed/CHIPS payments, ISO 20022, and SWIFT messaging standards. The candidate should have a deep understanding of end-to-end payment flows across domestic and international payment systems.

Key Responsibilities:

• Gather and analyze business requirements across payment systems and translate them into functional specifications
• Work on Fedwire, CHIPS, and cross-border payment flows including SWIFT MT and ISO 20022 (MX) messages
• Define and document end-to-end payment lifecycle including initiation, validation, clearing, settlement, and reconciliation
• Collaborate with business, operations, and technology teams for system enhancements and regulatory changes
• Support payment modernization initiatives including migration from MT to MX formats
• Participate in UAT, defect triage, and production issue resolution

Required Skills:

• Strong experience in Fedwire and CHIPS payments processing
• Hands-on knowledge of SWIFT MT (MT103, MT202, etc.) and ISO 20022 / MX messages
• Solid understanding of end-to-end payment flows (domestic & cross-border)
• Experience with payment hubs or core banking/payment platforms

Good to Have:

• Experience with RTGS systems and Immediate Payments (RTP, Faster Payments, etc.)
• Exposure to payment modernization / transformation programs
• Knowledge of platforms like ACI MTS, Finastra GPP, FIS, Fiserv or similar.