Sr. Consultant/ Manager - Business Analyst (Functional)- Payments

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

Job summary

YO IT Consulting is looking for a Business Analyst (Functional) - Payments to join their Global Banking and Payments team in India. The ideal candidate will have a strong background in cross-border payments, SWIFT messaging, and ISO 20022 (MX migration). This role involves requirement gathering, process improvement, and implementing payment solutions.

The candidate should possess a minimum of 5 years of Business Analysis experience and be familiar with payment systems. Excellent communication skills and global banking experience are mandatory.

Qualifications

• Minimum 5 years of core Business Analysis experience.
• Experience working on at least 1-2 large transformation programs.
• Excellent communication, stakeholder management, and presentation skills.

Responsibilities

• Gather, analyze, and document business and functional requirements.
• Prepare Functional Requirement Documents (FRD) and gap analysis reports.
• Support ISO 20022 / MX migration initiatives and SWIFT messaging transformations.

Skills

SWIFT Payments

ISO 20022

MT/MX Messages

Cross-border Payments

Clearing & Settlement

Payment Lifecycle

Business Analysis

Process Improvement

FRD

Education

Any Graduate

Tools

GPP

VolPay

C2P

T24

Job description

Experience: 5 to 10 years

Location: Bangalore / Pune / Hyderabad

Mandatory Skills

• Experience in Global Banking
• Experience as a Functional BA for Cross-border Payments for Global Banks
• Experience in MX migration (ISO 2022)
• Experience in end‑to‑end payment flows
• Business Analysis
• FRD
• Process Improvement
• MT/MX messages

Job Overview

We are seeking a highly skilled and experienced Business Analyst (Functional) - Payments to join our Global Banking and Payments team. The ideal candidate will have strong expertise in cross-border payments, SWIFT messaging, ISO 20022 (MX migration), and end‑to‑end payment processing. In this role, you will work closely with global stakeholders, business users, and technology teams to drive large‑scale payment transformation initiatives. The candidate will be responsible for requirement gathering, business analysis, functional documentation, process improvement, and ensuring successful implementation of payment solutions across global banking environments. This opportunity is ideal for professionals who have worked on complex payment transformation programs and possess strong domain knowledge in payment systems, clearing & settlement, and MT/MX message standards.

Key Responsibilities

• Gather, analyze, and document business and functional requirements for payment transformation projects.
• Work extensively on cross‑border payment systems and end‑to‑end payment flows.
• Prepare Functional Requirement Documents (FRD), business process documents, and gap analysis reports.
• Collaborate with business, operations, compliance, and technology teams to deliver payment solutions.
• Support ISO 20022 / MX migration initiatives and SWIFT messaging transformations.
• Analyze MT/MX messages and ensure alignment with payment standards and regulatory requirements.
• Participate in process improvement initiatives to optimize payment operations and customer experience.
• Coordinate with global stakeholders across different geographies and manage communication effectively.
• Support UAT, implementation, and post‑production activities during project delivery.

Key Requirements

• Strong domain understanding in:
  • SWIFT Payments
  • ISO 20022
  • MT/MX Messages
  • Cross‑border Payments
  • Clearing & Settlement
  • Payment Lifecycle
• Experience working on payment platforms/systems such as:
  • GPP
  • VolPay
  • C2P
  • T24
• Minimum 5 years of core Business Analysis experience.
• Exposure to at least 1-2 large transformation programs as a Functional BA / PM / Hybrid role.
• Excellent communication, stakeholder management, and presentation skills.
• Experience working with senior stakeholders across global geographies.
• Global Banking experience is mandatory. Candidates with only Indian Banking experience will not be considered.

Qualification

• Any Graduate