Business Analyst - Payments

Company: Seven Seven Softwares
Location: Jersey City , New Jersey, United States
Type: Full-time
Posted: 16.NOV.2019
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Summary

The firm continue in their transformation and digitization of their payments processing platform and associated processes we are looking for...

Description

The firm continue in their transformation and digitization of their payments processing platform and associated processes we are looking for a candidate to fulfill a role in the Payments Business Analyst group. This Business Analyst will be responsible for:

  • Creation of Business and Functional Requirements for projects large and small, ranging from small functional enhancements to large multi-year transformation projects.
  • Driving business architectural solutions focused on flexibility, time to market and re-usability
  • Working with business and technology partners to provide a seamless experience to users both internal and external when interacting with payment systems specifically

Experience:

  • 5+ years' experience in Payments technology and/or Business - ideally both.

Knowledge base:

  • A strong business and technical knowledge in disciplines surrounding a High and Low Value Payment Processing, Emerging technologies, use of APIs, concepts such as Blockchain
  • Foreign Exchange, Direct and Indirect clearing mechanisms including Fed/Chips clearing
  • Payment messaging such as MT, MX formats and ISO 200022 standards
  • Payment files processes, US ACH and International ACH payment schemes and processes.
  • While focus is on payment processing knowledge of the following areas is also critical:
    • Account static data management,
    • Payment charging concepts,
    • Watchlist and Anti Money Laundering scanning,
    • Funds Control,
    • Liquidity Management,
    • Accounting,
    • Client and Regulatory reporting
  • Real Time Payments processing
  • Knowledge of Development Lifecycles and Agile approach to project implementation
  • Project Management experience would be considered a plus

Additional Skills:

  • Communication Skills

By nature of the job, business analysts spend a great deal of time interacting with users, clients, management and developers. A project's success may depend upon the business analyst clearly communicating details like project requirements, requested changes and testing results. Fluent language skills and written communication abilities are necessary to thrive in a business analyst career.

  • Technical Skills

In order to identify business solutions, a business analyst should know what information technology applications are being utilized, what new possible outcomes can be achieved through current platforms and what the latest technology offers. Testing software and designing business systems are also important technical business analyst skills. Gaining respect and creating a sense of confidence among IT and business end-users requires a business analyst to speak with confidence about business and technology, and to demonstrate a strong technical aptitude.

  • Analytical Skills

A business analyst's skill set should include outstanding analytical skills so that a customer's business needs are properly interpreted and translated into application and operational requirements. One aspect of the job is analyzing data, documents, user input surveys and workflow to determine which course of action will correct the business problem. Strong analytical skills are beneficial in performing the business analyst's job successfully.

  • Problem Solving Skills

While the ability to create workable solutions to business problems is not unique to business analysts, it is a necessary skill for performing the job successfully. As with most IT roles, the business analyst's career may be spent dealing with frequent and random changes. When these professionals are working to developing custom business solutions, nothing is 100% predictable so finding ways to quickly resolve problems and move toward a project's successful completion is important in the business analyst's role.

  • Decision-Making Skills

Another important business analyst skill is the ability to make decisions. As a consultant to management and advisor to developers, the business analyst is called upon for sound judgment in a wide variety of business matters, any number of which could determine the viability of the business. Business analysts should be able to assess a situation, receive input from stakeholders, and select a course of action.

  • Managerial Skills

Another skill a business analyst should possess is the ability to manage projects. Planning the project scope, directing staff members, handling change requests, forecasting budgets and keeping everyone on the project within allotted time constraints are just some of the management skills a business analyst should possess. Supervising projects of all sizes, from inception to implementation and usually concurrently can take a high degree of managerial skill.

  • Negotiation and Persuasion Skills

A business analyst serves as a liaison between developers and users, clients and companies, and management and IT. Finding the balance between individual wants and business needs, and then interacting with a variety of personality types toward a solution that works for the business, takes professional persuasion skills. When competing for client projects, a business analyst's negotiation skills come into frequent use, with the goal of achieving a profitable outcome for the company and a working solution for the client. Maintaining relationships within an organization and with external partners is an important function of a business analyst that require strong negotiation and persuasion skills.

  • A successful business analyst takes core business skills and specialized knowledge that will advance a firm's objectives, and contribute to its remaining competitiveness in a complex economy. These core skills include:
  • Written and verbal communication, including technical writing skills
  • Understanding of systems engineering concepts
  • The ability to conduct cost/benefit analysis
  • Business case development
  • Modeling techniques and methods
  • Leadership

- provided by Dice

 
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