Smart IT Frame LLC
Business Analyst Payments and Wires Systems (Buffalo)
Smart IT Frame LLC, Buffalo, New York, United States, 14266
Role Overview:
We are seeking an experienced
Business Analyst
with strong expertise in
Payments and Wires systems
to join our team. The ideal candidate will analyze business requirements, design system solutions, and ensure seamless integration of wire transfer and payment functionalities across various financial platforms.
Key Responsibilities: Gather, analyze, and document business and functional requirements for
domestic and international payments
(ACH, SWIFT, Fedwire, SEPA, CHAPS, RTP, etc.). Translate complex business needs into clear functional and technical specifications. Work closely with
Product Managers, Developers, QA, and Operations
teams to design and implement enhancements to payment and wire systems. Conduct gap analysis, impact analysis, and root cause analysis for existing payment processes. Support
end-to-end payment processing
lifecycle
initiation, validation, authorization, clearing, and settlement. Partner with stakeholders to ensure compliance with
regulatory requirements
(e.g., ISO 20022, SWIFT standards, AML, OFAC, and KYC). Define and manage
UAT test plans, test cases , and coordinate with business users for validation. Create
process flows, data mappings, and use case documentation
for payment applications. Identify opportunities for automation, process improvement, and system optimization. Support production releases and post-implementation reviews to ensure stability and compliance.
Required Skills and Experience: 5+ years
of experience as a
Business Analyst
in the
financial services or banking domain , with a focus on
Payments or Wire Transfers . Strong knowledge of
payment rails
(SWIFT, Fedwire, CHIPS, RTP, SEPA, ACH). Experience with
ISO 20022
message formats and payment processing standards. Understanding of
payment life cycle , settlement processes, and reconciliation. Exposure to
Treasury systems, Core Banking, or Payment Hubs . Experience working in
Agile/Scrum
environments. Excellent communication, analytical thinking, and stakeholder management skills. Proficiency in
SQL
and data analysis tools (preferred). Familiarity with
API integrations
and
FinTech payment platforms
(a plus).
Preferred Qualifications: Bachelors degree in
Finance, Business, Computer Science, or related field . Certifications such as
CBAP, PMI-PBA, or Agile/Scrum . Experience with
SWIFT Alliance Access, Temenos, FIS, Finastra, or Bottomline
systems.
Business Analyst
with strong expertise in
Payments and Wires systems
to join our team. The ideal candidate will analyze business requirements, design system solutions, and ensure seamless integration of wire transfer and payment functionalities across various financial platforms.
Key Responsibilities: Gather, analyze, and document business and functional requirements for
domestic and international payments
(ACH, SWIFT, Fedwire, SEPA, CHAPS, RTP, etc.). Translate complex business needs into clear functional and technical specifications. Work closely with
Product Managers, Developers, QA, and Operations
teams to design and implement enhancements to payment and wire systems. Conduct gap analysis, impact analysis, and root cause analysis for existing payment processes. Support
end-to-end payment processing
lifecycle
initiation, validation, authorization, clearing, and settlement. Partner with stakeholders to ensure compliance with
regulatory requirements
(e.g., ISO 20022, SWIFT standards, AML, OFAC, and KYC). Define and manage
UAT test plans, test cases , and coordinate with business users for validation. Create
process flows, data mappings, and use case documentation
for payment applications. Identify opportunities for automation, process improvement, and system optimization. Support production releases and post-implementation reviews to ensure stability and compliance.
Required Skills and Experience: 5+ years
of experience as a
Business Analyst
in the
financial services or banking domain , with a focus on
Payments or Wire Transfers . Strong knowledge of
payment rails
(SWIFT, Fedwire, CHIPS, RTP, SEPA, ACH). Experience with
ISO 20022
message formats and payment processing standards. Understanding of
payment life cycle , settlement processes, and reconciliation. Exposure to
Treasury systems, Core Banking, or Payment Hubs . Experience working in
Agile/Scrum
environments. Excellent communication, analytical thinking, and stakeholder management skills. Proficiency in
SQL
and data analysis tools (preferred). Familiarity with
API integrations
and
FinTech payment platforms
(a plus).
Preferred Qualifications: Bachelors degree in
Finance, Business, Computer Science, or related field . Certifications such as
CBAP, PMI-PBA, or Agile/Scrum . Experience with
SWIFT Alliance Access, Temenos, FIS, Finastra, or Bottomline
systems.