Systems Analyst - Payments I Contract

IQbusiness; Gauteng; On-site; ZAR 750,000 - 1,100,000; Full time

Job summary

A leading company in the financial services sector is seeking senior-level Systems Analysts for contract opportunities. The ideal candidate will have extensive experience in payments-related projects, focusing on complex business requirements and technical specifications. You will work in a fast-paced environment, supporting various banking and payments initiatives.

Qualifications

• Over 10 years of Systems Analysis experience, primarily in financial services.
• Experience with Payments or Forex domain projects in banking.
• Strong technical background in integration design and API specifications.

Responsibilities

• Analyse and design solutions for complex systems enhancements.
• Lead functional/system design sessions and produce specifications.
• Translate business needs into actionable system-level requirements.

Skills

Analysis

Technical Specification

Integration Design

Stakeholder Management

SQL

Education

Degree or Diploma

CBAP Certification

Tools

UML 2.5

Integration Technologies

Job description

Our Innovative Analysis Team is seeking senior-level Systems Analysts for contract opportunities within the financial services sector, with a strong focus on Payments-related projects.

This is a highly technical role, ideal for Systems Analysts who can confidently translate complex business requirements into detailed functional and technical specifications for development teams. You’ll work in fast-paced environments, supporting banking and payments transformation initiatives such as cross-border payments, real-time payments, card-based transactions, and more.

Key Responsibilities:

• Analyse and design solutions for complex systems enhancements and integrations across multiple teams and platforms.
• Lead and facilitate functional/system design sessions to produce comprehensive functional and system specs.
• Work closely with developers, architects, QA, and business stakeholders to ensure alignment on requirements and solutions.
• Design and update integration messages (web services, XML schemas, APIs, flat files).
• Write SQL queries and assist with database structure analysis and design.
• Model system designs using UML 2.5 (use case, activity, sequence, component, and interface diagrams).
• Translate business needs into actionable system-level requirements (or co-create these when not provided).
• Mentor and guide other analysts, contributing to a high-performance, knowledge-sharing culture.
• Participate in agile delivery (Scrum, SAFe, or similar) and support monthly or frequent production releases.

Payments Domain & Technical Expertise:

• Solid exposure to and hands-on experience with traditional and emerging cross-border payment rails, including SWIFT.
• Strong understanding of international payment infrastructures and rails is highly advantageous.
• Ideally experienced in ISO20022 messaging standards (e.g., PAIN, PACS, CAMT) and legacy SWIFT MT series (MT100, MT200, MT900).
• Familiar with SAMOS and local market infrastructure for RTGS cross-border payments.
• Demonstrates a clear understanding of the Payments Modernisation landscape and evolving industry standards.
• Proven ability to lead or contribute to requirements sessions involving financial payment flows and account postings.
• Strong understanding of Balance of Payments (BoP) reporting, Financial Surveillance (Finsurv), exchange controls, and cross-border regulatory requirements.
• Experience with integration technologies interfacing with the South African Reserve Bank (SARB) or Finsurv platforms.
• Solid experience in cross-border payments and/or Forex projects.

Experience & Skills Required:

• 10+ years of Systems Analysis experience, ideally in financial services.
• 4–5 years experience in Payments or Forex domain projects within a banking environment.
• Strong technical background: integration design, API specs, SQL, system design modelling.
• Experience working across both “Run the Bank” and “Change the Bank” initiatives.
• Confident in end-to-end project analysis: from requirements gathering to production handover.
• Proficient in stakeholder management across business, tech, QA, and architecture teams.

Qualifications:

• Matric
• Degree or Diploma and/or CBAP Certification.

Please note:
As all iqbusiness roles require honesty in the handling of or access to cash, finances, financial systems, or confidential information; our recruitment process requires that the following background checks be completed: credit, criminal, ID, and qualification verification.

iqbusiness is committed to sustainable growth and transformation, we embrace diversity and employ previously disadvantaged individuals.