Business Analyst III

Business Analyst (Payments Domain)

Location: Jersey City / NYC/ PA (Hybrid Model)

Hire Type: Contract/C2H

Job Description:

• 15+ overall expertise is minimum person will be reporting to VP/Director and Must have at least 7 – 10 years recent experience in Payments/Cash Management
• Focus on (Digital Payment processing with e.g. SWIFT ISO 20022 domain ACH Wire Transfers)
• Analyses and defines business requirements and functional or operational specifications for small to moderate sized projects of limited complexity.
• Formulates and defines system scope and objectives. Interfaces with all areas of IT on behalf of the business to resolve IT matters and improve business processes.
• Collects and defines business or functional requirements and translates them into functional design, test planning, and user documentation processes. Formulates project scope, objectives, constraints and assumptions based upon user needs as well as knowledge of the application.
• Participates in development of the functional design and user documentation by analyzing business process flows or client requests and identifying changes. Uses knowledge of business needs to provide design support to software and application development teams.
• Gathers information and provides analysis of business issues or client feedback for a specific function or application.
• Trains users on new or enhanced applications and/or systems that are more straightforward in nature.
• Supports testing of new or enhanced applications and/or systems. Tasks include case development, requirement traceability analysis, test preparation, script writing, and functional test execution. Identifies areas for improvement and works with technology teams to improve applications for business use.
• Uses general knowledge of regulatory and legal requirements and client corporate policies involving risk and control to support the development of improved business processes through technology.
• Good understanding of Data Analytics.

Responsibilities:

• Analyses and defines business requirements and functional or operational specifications for small to moderate sized projects of limited complexity.
• Formulates and defines system scope and objectives. Interfaces with all areas of IT on behalf of the business to resolve IT matters and improve business processes.
• Collects and defines business or functional requirements and translates them into functional design, test planning, and user documentation processes.
• Formulates project scope, objectives, constraints and assumptions based upon user needs as well as knowledge of the application.
• Participates in development of the functional design and user documentation by analyzing business process flows or client requests and identifying changes.
• Uses knowledge of business needs to provide design support to software and application development teams.