We are seeking a highly skilled Senior Business Analyst specialized in SWIFT Payments to join our dynamic team. In this pivotal role, you will be instrumental in shaping and driving our payment processing strategies, ensuring seamless and efficient transaction flows across our platforms. As a senior-level professional, your expertise will be vital in bridging the gap between business objectives and IT solutions. You will collaborate closely with collaborators to gather, analyze, and document business requirements, while also providing insights and recommendations to enhance our SWIFT payment services. The ideal candidate will have a deep understanding of the SWIFT network, financial payment systems, and regulatory requirements affecting payment transactions.
**In this role, you will**
- Analyze complex business requirements related to SWIFT payments and deliver actionable insights - MT103, MT202, MX (pacs.008 and pacs.009).
- Develop and document detailed functional specifications for new payment system features and enhancements.
- Collaborate with multi-functional teams including IT, finance, and operations to ensure alignment on payment processes.
- Conduct risk assessments and develop strategies to mitigate potential payment processing issues.
- Provide ongoing support and training to end-users regarding SWIFT payment processes and tools.
What you'll need to succeed (required skills)
- Bachelor's degree in Finance, Business Administration, Information Technology, or a related field.
- Minimum of 8 years of experience in business analysis, with a focus on payment systems or financial services.
- Proven expertise in SWIFT payment processing, including knowledge of MT/MX message types -- strong knowledge in MT103, MT202, MX (pacs.008 and pacs.009).
- Strong analytical skills with the ability to interpret data and generate actionable insights.
What will help you stand out (preferred skills)
- IBM MQ \& some middleware knowledge
- SQL -- Basic queries to view the financial data
- Agile and JIRA experience
At Cognizant, we're eager to meet people who believe in our mission and can make an impact in various ways. We strongly encourage you to apply even if you only meet the required skills listed. Consider what transferrable experience and skills make you a unique applicant and help us see how you'd be beneficial to this role.
Working arrangements
We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role's business requirements, this is a hybrid position requiring 2-3 days a week in a client OR Cognizant office in Toronto, ON. Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.
The working arrangements for this role are accurate as of the date of posting. This may change based on the project you're engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.
