Business Analyst (Payments)

RedCompass Labs; Montreal; On-site; CAD 75,000 - 95,000; Full time

Benefits offered by this job

Up to 10% performance bonus

Medical insurance

22 days holiday plus additional days

5 days paid sick leave

Job summary

A leading financial technology firm is seeking a Payments Business Analyst in Montreal, Canada. This role requires in-depth knowledge of payment systems and processing. You will be implementing payment solutions, working closely with banks, and analyzing requirements to deliver effective results. Strong communication and stakeholder management skills are essential. The position comes with a competitive benefits package and a performance bonus.

Qualifications

• Strong knowledge of payments architecture and processing systems.
• Experience with payments schemes like SWIFT and SEPA.
• Understanding of Clearing & Settlement Systems.
• Experience in designing/testing large scale payments applications.

Responsibilities

• Provide payments implementation expertise.
• Identify and manage key stakeholders.
• Translate business needs into functional requirements.
• Lead workshops to gather business requirements.

Skills

Strong knowledge of payment systems

Excellent communication skills

Stakeholder management

API knowledge

Tools

Finastra GPP

FIS OPF

Dovetail Payments Platform

ACI Payment Solution

Job description

RedCompass Labs enables good payments and helps stop the bad. We are experts in ISO20022-based payments, instant payments, cross-border payments, payments interoperability and financial crime. We use the latest Applied AI, micro-services technology and deep payment knowledge to deliver payment transformation projects. These solutions help our clients accelerate their payments modernization programs, reducing costs and regulatory risk.

The RedFlag Accelerator sets the industry standard for detecting financial crimes. Using a persona-oriented approach, it identifies the actors behind transactions—victims, money-laundering professionals, perpetrators, and more. By combining the very latest red flags, crime models, and OSINT data, our system detects crimes spanning labor and sex trafficking, elder abuse, drug trafficking, as well as scams and potential APP fraud within financial transactions. Our comprehensive offerings include algorithms, analytics, and training tools for bank’s systems and team.

With offices in London, Warsaw, Antwerp, Tokyo, Miami, Toronto, and Pune, we support clients worldwide.

For more information about RedCompass, please visit www.redcompass.com

Role Description

The Payments Business Analyst will support banks using his or her deep understanding of global payments processing and payment eco-systems.

Responsibilities

• Provide overall payments implementation expertise
• Identify and prioritize key stakeholders, engage and maintain good relationships
• Understand business situation and drivers for the project and clarify the objectives and scope of the work
• Develop and evaluate possible solution options and support business to select the solution that is most effective
• Translate the business needs into business and or functional requirements. Prepare Impact Analysis documentation, BRD’s, Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices
• Lead and/or participate in workshops to gather business requirements, review deliverables and secure stakeholder signoffs
• Define best practices for payment processing
• Provide clarifications, training and support to both’ RedCompass Labs customers and the internal RedCompass teams
• Review and recommend test approaches and test plans

Mandatory Requirements

• Strong knowledge of payment systems including payments architecture, payments processing systems, payments hubs
• Knowledge of payments schemes across domestic (e.g., FedWire, CHIPS, TCH-RTP, FedNOW, ACSS, Lynx, Interac, RTR) and international (e.g., SWIFT, SEPA)
• Strong hands on experience with one or more payments processing products like Finastra’s GPP product, FIS’ OPF product, Dovetail Payments Platform, ACI’s Payment Solution
• Understanding of various Clearing & Settlement Systems (e.g. Euro1, Step2, Target2, BACS)
• In-depth knowledge of API’s, SWIFT and/or ISO 20022 payment messages
• Understand and be able to utilize key business analysis techniques in BA activities (SWOT, PESTLE analysis, BPM, Use Case Modelling, Data Modelling and Sequence Modelling)
• Good communicator with excellent meeting/workshop facilitation skills
• Produce the project deliverables that are typically created as part of a payments implementation or payments transformation program (Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices)
• Proven experience of designing and / or testing large scale payments applications

Optional Requirements

• International business analysis or/and project management certification
• Good project experience (full system development life cycle) and understanding of at least one key Payments areas
• Digital and Omnichannel Banking – Mobile/ Online/ Open Banking
• Alternative Payment Methods and Payments Innovation (e.g. Bitcoin, E-Wallets, Blockchain)
• Fraud detection and prevention in Payments
• Possibility to define and implement database queries and reports (SQL)
• Ability to speak French

Benefits

• Up to 10% of annual salary performance bonus
• Medical insurance for you and your family
• 22 days annual holiday plus Public & Bank holidays plus one day of Company Holiday day to be chosen from 4 dates
• 5 days of full-paid Sick Leave

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Analyst

Industries

IT Services and IT Consulting