Business Analyst - Payments Transformation

Barclays; Hardingstone; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading British universal bank is seeking an experienced Business Analyst to join their Payments Transformation Programme in Northampton. The role involves gathering requirements, supporting finance operations, and defining operating models in a regulated environment. Ideal candidates will have strong stakeholder management skills and a proven background in financial services. Hybrid work with 3 days in the office is required.

Benefits

Enrolment in a pension plan

Paid holiday entitlement

24/7 Employee Assistance Programme

Discounts at retailers and restaurants

Qualifications

• Strong experience as a Business Analyst within Financial Services.
• Proven background in regulatory environments.
• Comfortable with large-scale transformation projects.

Responsibilities

• Gather, analyze, and document business requirements.
• Support finance operations and regulatory processes.
• Design Target Operating Models for finance controls.

Skills

Business Analyst experience

Stakeholder management

Process improvement

Data analysis

Automation

Job description

Overview

Business Analyst – Payments Transformation — Location: Northampton (Hybrid – 3 days per week in office: Mon/Thu/Fri) • Duration: 6 months

We are looking for experienced Business Analysts to join the Barclaycard Payments Transformation Programme. This multi-year initiative is carving out core parts of the payments business into a new legal entity, requiring regulatory licensing, new operational structures, and the creation of core finance and enterprise functions.

The role will focus on shaping and defining business requirements, building new operating models, and supporting the set-up of finance operations, processes, and controls within a highly regulated environment.

Responsibilities

• Gather, analyse, and document business requirements across finance and payments operations.
• Support the set-up of enterprise functions including internal and external bank accounts, finance operations, and regulatory processes.
• Design and validate Target Operating Models (TOM) for finance and operational controls.
• Contribute to the regulatory license application process by defining requirements, controls, and operational readiness.
• Work closely with stakeholders to identify process improvements, automation opportunities, and efficiencies.
• Support the design of responsibilities and operating models for finance operations teams (10+ FTE).
• Collaborate with technology and operations teams to ensure requirements are translated into deliverables.
• Provide clear documentation, gap analysis, and process mapping to support programme delivery.

Qualifications

• Strong experience as a Business Analyst within Financial Services (ideally payments, finance, or card schemes).
• Proven background in defining and delivering operating models, processes, and controls in a regulated environment.
• Experience with finance operations (e.g., reconciliation, payroll, balance sheet, or accounts management).
• Comfortable working on large-scale transformation and regulatory change programmes.
• Strong stakeholder management, requirement gathering, and documentation skills.
• Experience in automation or AI-driven process improvement would be highly advantageous.
• Strong data and analytical skills with the ability to work across complex financial flows.

About Barclays

Barclays is a British universal bank, diversified by business, by customer type, and by geography. Its businesses include consumer banking and payments operations worldwide, as well as a top-tier global corporate and investment bank, all supported by its service company which provides technology, operations, and functional services across the Group.

Values

Everything Barclays does is shaped by five values: Respect, Integrity, Service, Excellence, and Stewardship. These values underpin how Barclays builds trust with clients, delivers results, and measures success – not just by what is achieved, but by how it is achieved.

Diversity

Barclays is committed to building an inclusive culture where colleagues of all backgrounds feel confident bringing their whole selves to work. Diversity of thought, talent, and experience drives the bank’s ability to deliver excellence.

Hybrid Working

This role is based in Northampton with 3 anchor days per week in the office (Mon/Thu/Fri). Flexibility is offered, with occasional travel to London (1CP) for workshops or meetings.

Your Benefits

As a contractor with Randstad Sourceright, you’ll enjoy:

• Enrolment in a pension plan (after 12 weeks)
• Paid holiday entitlement
• 24/7 Employee Assistance Programme for personal and professional support
• Discounts at leading retailers, restaurants, and entertainment venues