AVP-FCSS (Foreign Currency Settlement System)

Indian Financial Technology And Alliedservices; Mumbai; On-site; INR 3,500,000 - 6,000,000; Full time

Job summary

Indian Financial Technology and Alliedservices seeks an experienced Business/Systems Analyst to map requirements for payments and settlement systems. You will bridge IT, business and development teams, document processes, and translate requirements into technical designs and LLD artifacts.

Candidate must understand ISO 20022 messaging, cross-border payments, and related risk controls. Strong communication, analytical skills, and proactive stakeholder management are essential for this fast-paced,

Qualifications

• Experience in mapping requirements and lifecycle activities in payments.
• Ability to translate business needs into technical designs.
• Knowledge of ISO 20022 messaging formats is mandatory.
• Payments domain knowledge for domestic and international markets required.
• Cross-border payment systems and settlement systems exposure preferred.

Responsibilities

• Act as a bridge between IT, development, and business teams.
• Consolidate functional requirements and document business processes.
• Translate functional requirements into technical requirements and LLD documents.
• Track and report progress of requirements and risks.
• Develop high-quality presentations for senior management.
• Coordinate with program managers and product owners to align requirements with objectives.
• Ensure updates, patches, and maintenance per CMS policies.
• Lead root cause analyses and cross-functional issue resolution.

Skills

Requirement analysis

Stakeholder management

Business process understanding

Problem solving

Communication skills

Project coordination

Risk assessment

Quality analysis

Analytical thinking

Education

BE./ B.Tech/M.C.A/M.Sc (Computer Science)

Tools

IBM MQ

Oracle DB

Basic Java

Apache Tomcat

Windows

AIX/RHEL

PKI

MS Project

SQL/PL SQL

Job description

Summary:

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• Perform requirement analysis and capture business requirements, ensuring a detailed understanding of technical and functional specifications.
• Act as a bridge between business stakeholders, IT teams, and development teams.
• Review and analyze the system specifications of the Foreign Currency Settlement System (FCSS).
• Continuously assess the existing product and identify areas for improvement in technical design, security, and functional capabilities.
• Conduct competitive analysis of similar products and market segments.
• Collaborate with support teams across different functions and IT vendors.
• Work closely with functional and technical teams to finalize project scope, software development design, and workflow design.
• Integrate updated specifications into the proposed system architecture and ensure compatibility of system and software designs.
• Guide team members and proactively resolve issues.
• Provide periodic project updates, executive reports, High-Level Design (HLD), and Low-Level Design (LLD) documentation.
• Review development and testing deliverables to ensure completeness and accurate implementation of requirements.
• Monitor the project lifecycle, evaluate stakeholder feedback, and manage evolving requirements.
• Review end-to-end business processes to identify and address operational, financial, and technological risks.
• Assist technical teams in identifying limitations and challenges, resolving issues, and ensuring smooth system workflows.
• Demonstrate strong analytical and problem-solving capabilities.
• Possess excellent written and verbal communication skills.
• Show enthusiasm for learning new technologies and tools as required.
• Effectively manage stakeholder relationships, expectations, and communications.

Roles and Responsibilities

Responsibilities:

• Act as a bridge between IT, development, and business teams.
• Engage with business leads and stakeholders to consolidate functional requirements and document business processes.
• Convey functional requirements to stakeholders and assist in determining technical requirements and preparing Low-Level Design (LLD) documents.
• Track, manage, and report the progress of business and functional requirements.
• Record and document detailed functional requirements provided by business leaders.
• Document process flows, including risk assessment and mitigation plans.
• Translate functional requirements into technical requirements and understand the associated development effort.
• Monitor and track the progress of project requirements throughout the project lifecycle.
• Work closely with Program Managers, Product Owners, and other team members to ensure requirements are clearly understood and aligned with business objectives.
• Develop a strong functional understanding of business processes and systems.
• Validate and verify proposed solutions to ensure they meet business requirements.
• Independently conduct research and analysis on various payment system designs, technologies, and solution options.
• Communicate effectively with all stakeholders and manage project expectations within defined timelines.
• Ensure necessary risk assessments are conducted and proactively monitor, manage, and mitigate risks in a timely manner.
• Maintain proper documentation of risks and controls related to specific Statements of Work (SOWs).
• Analyze data and prepare high-quality presentations and impactful reports for senior management and various committees.
• Take ownership of technical and non-technical issues and coordinate with cross-functional teams for timely resolution.
• Participate in root cause analysis and impact assessment for identified issues.
• Ensure applications and software environments are maintained with required updates, patches, and service packs in accordance with system maintenance policies.
• Demonstrate strong stakeholder management, analytical thinking, and problem-solving capabilities.
• Possess excellent written and verbal communication skills.
• Be proactive, self-driven, and adaptable to changing business and technology requirements.

Expereience :

• Minimum of 12+ Years’ experience.
• Relevant experience of 10+ years in Business requirement mapping, quality analysis and software development lifecycle. - Mandatory
• Experience in working in a fast paced, high expectation 24x365 environment.
• Experience in banking domain with specific work experience in Payment Systems - Mandatory.
• Candidate should have hands on work experience in cross border payment systems and settlement systems.
• Experience of working on ISO20022 is a must.
• Knowledge on banking domain is mandatory.
• It is desirable that the candidate have experience on software applications like: IBM MQ, Oracle DB, Basic Java, Apache Tomcat, Windows, any one of the UNIX environments (AIX/RHEL), Basics of Network concepts and Basics of PKI framework is desirable.
• Experience in MS Project.
• Strong MS Excel, Word, PowerPoint, and Visio skills.

Knowledge:

• Work Experience in Cross border payment and settlement systems - Mandatory
• Knowledge on API and Microservices, various communication protocol, middleware technologies - Desirable
• PMP certification added advantage
• Ability to diagnose and resolve basic technical issues
• Ability to learn new technologies
• Understanding and Executing of the SQL Statements and Basics of Java - Mandatory
• Candidate should have the good understanding of databases
• Payments Domain Knowledge for domestic and internation market - Mandatory
• Understanding of the regulatory and competitive impacts on Payments.

Technical Skills:

• Ability to work independently
• Primary Skills:
  • Knowledge of ISO 20022 message formats relating to payments domain - Mandatory
  • PL SQL, Oracle
  • JSP, HTML, Java Scrip, Core Java & J2EE
  • API, any IDE, Restful services
• Secondary Skills:
  • Understanding of IBM MQ
  • Unix Scripts
  • Advance Java
  • Open source technologies2
  • Angular JS
  • Web services.

Education: BE./ B.Tech/M.C.A/M.Sc (Computer Science).

Certification :

• ISO Certification
• Project Management