Business Analyst (Payments Domain)

RS Software; Kolkata District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

RS Software in Kolkata seeks a seasoned Business Analyst with deep cards and payments expertise. You will lead end-to-end business analysis for payment system enhancements, collaborate with stakeholders, and optimize card payment processing workflows including Authorization, Clearing, and Settlement.

You will also drive certification processes (EMV), ensure regulatory compliance, and translate complex concepts into actionable plans across product, development, and QA teams.

Qualifications

• 12+ years of experience in business analysis within the payments industry.
• Deep expertise in the cards and payments domain, with hands-on experience in payment gateways.
• Familiarity with international payment standards and protocols such as ISO8583, SWIFT, SEPA, and ISO20022.

Responsibilities

• Lead end-to-end business analysis for payment system enhancements and new initiatives.
• Collaborate with stakeholders to collect and document detailed business and technical requirements.
• Analyze and optimize card payment processing workflows for Authorization, Clearing, and Settlement.
• Provide expert insights on the integration and operation of payment gateways.
• Understand and oversee the acquirer payment certification process, with a focus on EMV certification for various acquirers.
• Ensure that the product meets all necessary regulatory and industry standards.
• Cross-Functional Collaboration with product managers, developers, QA teams, and external partners.
• Recommend process improvements and innovations to keep RS Software at the cutting edge of payment technology.
• Prepare comprehensive business cases, project documentation, and performance reports; present findings to senior management.

Skills

Payment domain

Card payment processing

Requirements gathering

Agile methodologies

Jira

Communication skills

Analytical skills

Education

Bachelor’s degree in Business Administration, Finance, Information Technology

Tools

EMV certification

SWIFT

ISO20022

ISO8583

Job description

RS Software builds global, national and enterprise payment platforms, and has presence in four continents. The product suite combines with knowledge systems built over 30 years, delivering mission-critical payment solutions that combine innovation and entrepreneurship to create the new gold standard for digital payments. With approximately 40% of the global digital payment volumes in 2021 processed on platforms built by RS Software, the vision is to deliver Payments at the Speed of Thought.

RS Software is focused on the global payments modernization market, providing large-scale, high-performance payment systems, serving central Infrastructures, financial institutions, payment network providers, payment processors and software companies providing products to the payment industry. The company's product suite offers ISO 20022 ready, open payments architecture using a cloud-based microservices framework - optimizing costs, seamless integrations with commoditized products, and accelerates the pace of adoption.

The company’s solutions today are installed in 12 of the top 20 banks in India, and the four major platforms built by RS Software cumulatively process annually 350+ billion transactions world-wide, giving the company a rare track record in the payments domain. RS Software’s product suite is getting recognized in some important markets, which is creating strategic partnerships, the foundation for the company’s long-term growth.

RS Software has bult India’s digital payment infrastructure, the three major payment platforms, which are transforming the lives of a billion+ people.

• Enterprise Fraud and Risk Management (EFRM)

Why RS Software?

• RS provides a unique experience of engaging in some world class product development and prestigious large scale payment platforms that caters to billions of people
• We provide opportunity to learn and develop high throughput transaction processing systems
• RS Software is one of the few technology and payment solutions providers where talented individuals have the opportunity to work on cutting-edge, complex, and mission-critical IT projects. We offer ample career opportunities to hardworking and skilled employees.
• Our Talent Management Program is specifically designed to identify the interests of each employee and match them with suitable career paths within their desired domains, allowing them to make the best possible use of their skillsets in reaching their goals.
• We invest in the knowledge and skill development of our employees with RS School of Payments – the industry’s most comprehensive training platform. There are three main areas of focus that the Academy and School address: current technology skills, professional development and payments domain knowledge.
• Our customized training program, well-defined career mapping process and comprehensive appraisal system is designed to help every employee achieve their goals.
• To address the challenges of relocation, we offer employees coming from other regions reimbursement for expenses associated with their moves as well as complimentary interim facilities, such as guesthouse accommodations, to ease the transition. We also assist employees with finding suitable housing.

Job Description:

RS Software is seeking a seasoned Business Analyst with over 10 years of industry experience. The ideal candidate will have deep expertise in the cards and payments domain, with a strong background in payment gateways and a thorough understanding of card payment processing—including Authorization, Clearing, and Settlement. Additionally, experience with acquirer payment certification processes, especially EMV certification for acquirers such as Worldpay, TSYS, and First Data, is essential. Familiarity with SWIFT, SEPA, and ISO20022 . This role will focus on enhancing and evolving our payment-acquiring product to meet the dynamic needs of the market.

Key Responsibilities

• Business Analysis & Requirements Gathering:
  • Lead end-to-end business analysis for payment system enhancements and new initiatives
  • Collaborate with stakeholders to collect and document detailed business and technical requirements
• Payment Processing Expertise:
  • Analyze and optimize card payment processing workflows for Authorization, Clearing, and Settlement
  • Provide expert insights on the integration and operation of payment gateways
• Understand and oversee the acquirer payment certification process, with a focus on EMV certification for various acquirers (e.g., Worldpay, TSYS, First Data)
• Ensure that the product meets all necessary regulatory and industry standards
• Cross-Functional Collaboration:
  • Work closely with product managers, developers, QA teams, and external partners to ensure alignment and successful project delivery
  • Act as a bridge between technical and business teams, translating complex concepts into actionable plans
• Industry Trends & Best Practices:
  • Recommend process improvements and innovations to keep RS Software at the cutting edge of payment technology
• Documentation & Reporting:
  • Prepare comprehensive business cases, project documentation, and performance reports
  • Present findings and recommendations to senior management and key stakeholders
• Experience:
  • 10+ years of experience in business analysis within the payments industry
  • Proven expertise in the cards and payments domain, including hands-on experience with payment gateways
• Technical & Domain Knowledge:
  • Deep understanding of card payment processing for Authorization, Clearing, and Settlement
  • Extensive experience with acquirer payment certification, particularly EMV certification for acquirers such as Worldpay, TSYS, and First Data
  • Familiarity with international payment standards and protocols such as ISO8583, SWIFT, SEPA, and ISO20022
• Skills:
  • Excellent analytical, problem-solving, and communication skills
  • Strong ability to work effectively in a fast-paced, dynamic environment
  • Proficiency in business analysis tools and documentation best practices
  • Proficiency in Agile methodologies and hands-on experience using Jira for project tracking and management
• Education:
  • Bachelor’s degree in Business Administration, Finance, Information Technology, or a related field

Preferred Qualifications

• Experience working on payment products similar to payment gateways
• Advanced degree or professional certifications (e.g., CBAP, PMI-PBA) are a plus
• Prior experience in a leadership or mentoring role within a business analysis team

Job Category:

Business Analyst

Job Type:Full-time

Job Location:

Kolkata

Experience:

12+ years