Business Analyst

IDFC FIRST Bank; Navi Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading financial institution in Navi Mumbai is searching for a Business Analyst - UPI to handle analysis and delivery of retail payments solutions like UPI and IMPS. The successful candidate will work closely with stakeholders to gather and document requirements, optimize processes, and support end-to-end implementations. Candidates with strong experience in payment integrations, agile delivery, and relevant educational qualifications (B.Sc/B.Tech/BCA/M.Sc/M.Tech/MCA) are encouraged to apply.

Qualifications

• Experience in UPI/IMPS payment solutions.
• Strong analytical skills to document business requirements.
• Hands-on experience with payment switch integration.

Responsibilities

• Gather and document business requirements for UPI/IMPS.
• Map and optimize current and target processes.
• Work with product owners to prioritize backlog of initiatives.
• Support SIT/UAT with business rule clarifications.

Skills

Payment solutions analysis

Business requirement documentation

UPI/IMPS transaction flows

Agile delivery experience

Data analysis

Education

Bachelor of Science (B.Sc)

Bachelor of Technology (B.Tech)

Bachelor of Computer Applications (BCA)

Master of Science (M.Sc)

Master of Technology (M.Tech)

Master of Computer Applications (MCA)

Tools

Postman

Oracle SQL Developer

Linux

WebLogic

Job description

Job Requirements

Job Title: Business Analyst - UPI

Department: Information Technology

Location: Navi Mumbai – Airoli

Job Summary - The UPI/IMPS Business Analyst will be responsible for end‑to‑end analysis, design, and delivery support for retail payments solutions (UPI, IMPS) across banking channels and switches. The role involves working closely with business, NPCI, operations, technology, and external vendors to translate regulatory and scheme changes into robust, scalable payment application features.

Key Responsibilities

• Gather, analyse, and document business requirements for UPI/IMPS and related payment products across mobile, internet, branch, and API channels.
• Review user stories, and use cases capturing end‑to‑end flows: payer/payee journey, switching, NPCI messages, reconciliation, chargeback, and dispute processes.
• Map and optimize current vs. target processes (AS‑IS/TO‑BE), including exception handling, timeouts, and reversals for UPI/IMPS transactions.
• Work with solution and enterprise architects to align designs with core banking, CBS, reconciliation, and Risk and other interfaces.
• Act as the subject matter expert (SME) for UPI and IMPS, covering PSP/TPAP models, handle/VPA, collect/pay, mandate flows, and NPCI procedural circulars.
• Interpret NPCI specs, circulars, and regulatory guidelines, and convert them into clear business and system impacts (new message fields, limits, risk rules, compliance timelines).
• Understand and explain ISO 8583/ISO 20022 message structures for UPI/IMPS, including field usage and mapping to internal data models.
• Work with product owners, operations, risk, compliance, and technology teams to prioritise backlog and define MVP scope for UPI/IMPS initiatives.
• Liaise with NPCI, Payment switches, gateways, and third‑party vendors for clarifications, change requests, RFP/RFI evaluations, and solution walkthroughs.
• Conduct requirement workshops, demos, and walkthroughs for internal stakeholders, senior management, and steering committees.
• Define functional acceptance criteria, test scenarios, and edge cases for UPI/IMPS flows (success, failure, timeouts, recon transactions, refunds, retries).
• Support SIT/UAT by clarifying business rules, validating defects, and sign‑off on fixes; ensure regression coverage for core payment flows and downstream systems (recon, GL, reporting).
• Validate performance and resilience requirements (TPS, timeouts, switch failover, duplicate detection, idempotency).
• Create user guides, SOPs, and training materials for operations, contact centre, and branch/business users.
• Support cutover planning, production validation, and hyper‑care post go‑live, including monitoring key KPIs (success rates, declines, dispute volumes).
• Contribute to continuous improvement by analysing incident trends, customer feedback, and scheme changes, and proposing product/process enhancements.
• Hands‑on experience with payment switch / gateway / CBS integration for real‑time payments.
• Proven track record of at least 2–3 end‑to‑end implementations or major change releases in UPI/IMPS (e.g., UPI 2.0 features, AutoPay, mandate, TPAP onboarding etc.).
• Exposure to agile delivery, working as BA or proxy product owner for payments features.
• Strong understanding of UPI & IMPS transaction flows: payer/payee journeys, PSP/TPAP roles, NPCI switch behaviour, timeouts, declines, and chargebacks.
• Working knowledge of message formats and APIs: ISO 8583, ISO 20022 concepts, REST/JSON APIs, and NPCI message specifications.
• Required DB Querying for data analysis, reconciliation checks, and defect triage.
• Understanding & hands‑on experience on Linux commandts, Weblogic deployment.
• Use of Postman tools, Oracle Sql developer etc.
• Understanding & hands‑on experience on Deployments via tools.
• Understanding on NPCI UPI/IMPS CZ tool with certification testing.

Education Qualification

Graduation: Bachelor of Science (B.Sc) / Bachelor of Technology (B.Tech) / Bachelor of Computer Applications (BCA)

Post‑Graduation: Master of Science (M.Sc) / Master of Technology (M.Tech) / Master of Computer Applications (MCA)