Business Analyst

StoneX Group Inc.; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

StoneX Group Inc. is seeking a Business Analyst in Pune to enable global payments solutions. You will gather and translate business requirements into actionable user stories, maintain a prioritized backlog, and ensure scalable, compliant payment processes.

Responsibilities include mapping SWIFT MT/MX messages, handling bank statements, and supporting UAT and validation of MT/MX outputs. Strong communication and analytical skills are essential.

Qualifications

• Strong understanding of cross-border payments and settlement concepts.
• SWIFT messaging: MT103/MT202/MX ISO 20022 – PACS, CAMT.
• Experience in requirement gathering and documenting user stories.

Responsibilities

• Elicit, analyze, and document business requirements for payment and reconciliation systems.
• Convert requirements into structured user stories with acceptance criteria.
• Maintain and groom the product backlog aligned with priorities.
• Map SWIFT MT/MX messages across systems and validate reconciliation logic.
• Support UAT, defect triage, and MT/MX outputs.

Skills

Cross-border payments

SWIFT MT/MX

Requirements gathering

User story writing

Data analysis

APIs / file-based integrations

Communication

Analytical thinking

Tools

Excel

APIs

Job description

Job Description:

Overview

Connecting clients to markets – and talent to opportunity

With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.

Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth.

Business Segment

Payments: A Swift-accredited service bureau and member, our Payments division provides NGOs, institutions and non-profits the ability to make a local difference, globally – with transparent pricing across 180+ countries and 140+ currencies.

Responsibilities

Position Purpose: The Business Analyst role in the StoneX Global Payments business is essential to ensure effective requirement management, structured backlog creation, and seamless product delivery aligned with the product owner’s vision. As StoneX undergoes a critical phase of consolidating internal applications and standardizing new platforms, the need for a strong BA function becomes even more important. The role serves as a key enabler in prioritizing product requirements, simplifying complex solutions, and ensuring the delivery of high-quality, scalable products.

Responsibilitie s– The Business Analyst will support the delivery of global payments solutions by gathering, analyzing, and translating business requirements into actionable stories. The role focuses on cross-border payments processing, SWIFT messaging (MT/MX), and statement reconciliation, ensuring accurate, scalable, and compliant solutions

Primary duties will include :

• Elicit, analyze, and document business requirements for payment and reconciliation systems
• Convert requirements into structured user stories with clear acceptance criteria
• Maintain and groom the product backlog aligned with product priorities
• Analyze and map SWIFT MT and ISO 20022 MX messages across systems
• Work with bank statements (MT940/950, CAMT.053) and reconciliation logic
• Translating complex payment flows into clear functional solutions
• Support UAT, defect triage, and validation of MT/MX outputs
• This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.

Qualifications

To land this role you will need: Minimum Qualifications (Must Haves). List here the minimum things required to perform/get the job, candidates who don’t meet these will not be considered

Strong understanding of:

• Strong understanding of Cross-border payments and correspondent banking, Payment lifecycle and settlement concepts.
• SWIFT messaging: MT (MT103, MT202, MT9XX) and MX (ISO 20022 – PACS, CAMT)
• Payment lifecycle and settlement concepts

• Requirement gathering and documentation
• User story writing (preferably Agile/Scrum)
• Data analysis and mapping (good with Excel)
• APIs / file-based integrations
• Strong communication and stakeholder management
• Analytical thinking and problem-solving

What makes you stand out: Nice to Haves. Candidates who meet these secondary qualifications will be considered suitable candidates. Best practice is to limit to 3-5 bullet points

• Exposure to reconciliation processes, including transaction matching and break management
• Understanding of Auto Matching / Intelligent Matching (AI/ML-based matching) concepts
• Rule-based vs ML-based matching approaches

Requirements: