Business Analyst

Infotel UK Consulting

Chennai District

On-site

INR 800,000 - 1,200,000

Full time

14 days+

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Job summary

Infotel UK Consulting is seeking a PCM Business Analyst to enhance banking applications in Chennai. The role requires a Bachelor's degree and expertise in payments, with duties including gathering business requirements and collaborating with stakeholders.

The ideal candidate will possess strong communication skills and knowledge of SQL, along with experience in the payments domain. A background in software development is advantageous. This position offers an opportunity to work in a dynamic team environment focused on aligning technology with regulatory standards.

Qualifications

Strong functional and excellent communication skills.
Good understanding of Payments Domain.
Knowledge of ISO 20022 XML formats for payment processing.

Responsibilities

Gather and document business requirements.
Collaborate with technical teams for solution design.
Provide functional and technical support to users.

Skills

Payments engine and clearing

SWIFT (MT/MX Messages), ISO20022

Regulatory Clearing & Settlement

Analytical Ability

Decision Making

Education

Bachelor's degree or equivalent

Tools

SQL

Oracle RDBMS

Job description

The PCM Business Analyst is expected to have experience in some of the following functional areas:

Payments engine and clearing (At least one):
Payment engines
SWIFT (MT/MX Messages), ISO20022
Regulatory Clearing & Settlement applications
Instant Payments
Compliance Frameworks: Anti‑Money‑Laundering (AML), Sanctions Screening (Optional)
Core banking applications (Optional)
Treasury management (Optional)

The role involves collaborating with various stakeholders mainly business, operations and global teams to ensure that our technologies align with regulatory standards and effectively addresses their challenges. The candidate should have solid experience in gathering requirements.

Responsibilities

Understand what the business does and how it does it
To collect, understand, and transmit the business or functional support requirements for the project/request/incident, and to translate these into functional specifications and detailed test plans
Collaborate with stakeholders to identify business requirements related to banking applications within the organizations
To analyse and document business processes and to involve end users in all the project/request/incident resolution phases
To design the business cases hand by hand with users and required central teams covering the complete cycle of operations and IT processes
To document workflows and results of business analysis and obtain sign-off from client on the specifications.
To document the systems and functional processes making it easy for the new comers to understand the system
To close communications with stakeholders through well‑structured functional specifications and detailed test plans
To closely liaise with PCM architecture teams to design the solution and explain it to all stakeholders
Ensure a smooth integration and implementation of new standards following the standard methodologies
To support the functionalities of all the banking production modules related to all business activities
Provide both functional and technical support to users in the region
To support the functional operations of all standard and non-standard application systems according to the business needs of the organization
To plan, execute, monitor, control and manage IT projects

Technical & Behavioral Competencies

Mandatory

The candidate should have strong functional and excellent communication skills
Good understanding of Payments Domain
Knowledge of Domestic payments of MEA region would be a plus
Knowledge of ISO 20022 XML formats for payment processing
Experience with SQL, Oracle RDBMS
Ability to collaborate closely with technical teams to design both technical and procedural solutions

Good to Have