Functional Product Owner- Payments

YO IT Consulting; Maharashtra; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

YO IT Consulting is seeking an experienced Payments Product Owner to lead strategic payments transformation initiatives for global banking clients. The role is based in Pune, Maharashtra, and requires deep expertise in Virtual Account Management, Payments, and ISO 20022.

The ideal candidate will have 8-12 years of experience in Product Ownership and be well-versed in agile methodologies. This is a key role that involves managing cross-border payments and regulatory compliance.

Qualifications

• 8-12 years of experience in Payments & Transaction Banking.
• Proven experience in Product Ownership.
• Experience in Banking Transformation Programs.
• Work in Consulting or Global Banking environments.

Responsibilities

• Own and manage the product roadmap for Payments and Virtual Account Management solutions.
• Lead Transformation Initiatives Across Virtual Account Management (VAM).
• Gather, analyze, and document business and functional requirements.
• Create and manage Epics, User Stories, Acceptance Criteria, BRDs, and FRDs.
• Collaborate with stakeholders to deliver scalable payment solutions.

Skills

Payments Domain Expertise

Virtual Account Management (VAM)

Payments & Transaction Banking

SWIFT Messaging

ISO 20022

MT/MX Migration

Cross-Border Payments

Cash Management & Liquidity Solutions

Payment Lifecycle Management

Product Owner & Functional Skills

Product Roadmap Management

Agile/Scrum Methodologies

Product Backlog Ownership

Requirement Gathering & Functional Analysis

User Story Creation

Stakeholder Management

Change & Release Management

Governance & Delivery Management

Jira

Confluence

MS Office Suite

Process Mapping / Documentation tools

Education

Bachelor’s or Master’s degree in Engineering, Technology, Finance, Business Administration

Job description

Overview

We are seeking an experienced Payments Product Owner to drive strategic payments transformation initiatives for global banking clients. The role requires strong expertise in Virtual Account Management (VAM), Payments, ISO 20022, and SWIFT, along with proven experience in product ownership, banking transformation, and Agile delivery.

Key Responsibilities

• Own and manage the product roadmap for Payments and Virtual Account Management solutions.
• Lead Transformation Initiatives Across Virtual Account Management (VAM).
• Payments Modernization.
• ISO 20022 Migration.
• SWIFT MT/MX Messaging.
• Cross-border and Transaction Banking Payments.
• Gather, analyze, and document business and functional requirements.
• Create and manage Epics, User Stories, Acceptance Criteria, BRDs, and FRDs.
• Collaborate with business stakeholders, operations, architecture, and engineering teams to deliver scalable payment solutions.
• Prioritize and manage product backlog aligned with business objectives and regulatory requirements.
• Participate in Agile ceremonies including sprint planning, backlog grooming, demos, and release management.
• Drive stakeholder engagement, governance reporting, and executive communication.
• Support UAT, implementation, and production rollout activities.
• Ensure alignment with banking regulations, payment standards, and operational controls.

Required Skills

• Payments Domain Expertise
• Virtual Account Management (VAM)
• Payments & Transaction Banking
• SWIFT Messaging
• ISO 20022
• MT/MX Migration
• Cross-Border Payments
• Cash Management & Liquidity Solutions
• Payment Lifecycle Management
• Product Owner & Functional Skills
• Product Roadmap Management
• Agile / Scrum Methodologies
• Product Backlog Ownership
• Requirement Gathering & Functional Analysis
• User Story Creation
• Stakeholder Management
• Change & Release Management
• Governance & Delivery Management
• Tools & Platforms
• Jira & Confluence
• MS Office Suite
• Process Mapping / Documentation tools

Experience Required

• 8-12 years of experience in:
  • Payments & Transaction Banking
  • Product Ownership
  • Banking Transformation Programs
  • Consulting or Global Banking environments

Education

Bachelor’s or Master’s degree in Engineering, Technology, Finance, Business Administration, or related disciplines.

Location

Pune, Maharashta