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Tata Consultancy Services · 3 hours ago

Business Analyst

New Castle, DE

Full-time

Onsite

Mid, Senior Level

$110K/yr - $150K/yr

5+ years exp

Tata Consultancy Services is a leading global IT services and consulting company, and they are seeking a Payments Business Analyst. The role involves engaging with stakeholders to gather requirements, analyzing payment processes, and ensuring compliance with regulatory standards while facilitating communication between business and technology teams.

Business Information SystemsConsultingInformation TechnologyIT Management

H1B Sponsor Likely

Responsibilities

Engage with business stakeholders to understand payment-related requirements across domestic, cross-border, and real-time payment systems

Analyze existing payment processes, systems, and workflows to identify gaps and improvement opportunities

Translate business needs into detailed functional and non-functional requirements

Work across various payment rails such as SWIFT, SEPA, Faster Payments, CHAPS, RTGS, ACH, and ISO 20022 standards

Understand and document payment lifecycle events including initiation, validation, routing, settlement, and reconciliation

Collaborate with compliance teams to ensure alignment with regulatory requirements (e.g., PSD2, AML, KYC)

Create process flow diagrams, use cases, user stories, and business requirement documents (BRDs)

Maintain traceability matrices and ensure alignment between business needs and technical delivery

Act as a bridge between business, technology, and operations teams to ensure clear communication and shared understanding

Facilitate workshops, walkthroughs, and requirement sign-offs with stakeholders

Support QA and UAT teams by reviewing test cases and validating that delivered solutions meet business requirements

Participate in defect triage and resolution during testing phases

Collaborate with architects and developers to ensure payment solutions are scalable, secure, and aligned with enterprise architecture

Provide input on data models, integration points, and system interfaces related to payment platforms

Contribute to project planning, impact analysis, and change request management

Track and report progress of payment-related initiatives to stakeholders

Maintain up-to-date documentation of payment systems, business rules, and regulatory changes

Share domain knowledge and mentor junior BAs or team members

Qualification

Payments Domain KnowledgeSWIFTISO 20022Regulatory ComplianceAgile MethodologyWaterfall MethodologyStakeholder ManagementBusiness Requirement GatheringFunctional Specification DocumentationAnalytical SkillsWorkshop FacilitationChange Request ManagementCommunication Skills

Required

Payments Domain Knowledge

SWIFT

SEPA

Faster Payments

CHAPS

RTGS

ACH

ISO 20022

Payment Lifecycle Understanding

Payment Initiation

Payment Validation

Payment Routing

Settlement Processes

Reconciliation

Regulatory Compliance (PSD2, AML, KYC)

Business Requirement Gathering

Functional Specification Documentation

Use Case Development

Process Mapping

BRD Creation

UAT Support

Defect Triage

Stakeholder Management

Agile Methodology

Waterfall Methodology

User Story Writing

Traceability Matrix

Workshop Facilitation

Change Request Management

Impact Analysis

Business Process Reengineering

Knowledge of Payment Platforms (GPP, ACI, FIS, Temenos)

Cross-Border Payments

Real-Time Payments

Digital Banking Transformation