Payment Business Analyst (BSA) || Toronto, ON - Onsite || Fulltime FTE

Payment Business Analyst (BSA)

Location: Toronto, ON
Work Mode: Hybrid
Employment Type: Full-Time Permanent (FTE)

Experience: 6 8 Years

Job Summary: We are seeking an experienced Senior Payments Business Analyst with strong expertise in High-Value Wire Payments and Financial Services. The ideal candidate will have hands-on experience with payment systems such as Lynx, SWIFT, and Fedwire , along with strong knowledge of API, MQ, file-based feeds, and ISO 20022 integrations. The candidate will bridge business and technology teams by analyzing payment processes, defining requirements, designing solutions, and producing comprehensive solution documentation.

Key Responsibilities

• Analyze complex payment business processes and design solutions for end-to-end wire payment workflows .

• Gather, analyze, and translate business requirements into functional and technical documentation.

• Create BRDs, Impact Analysis (IA), Functional Specifications, Interface Designs, User Stories, and Data Mapping documents .

• Define requirements for payment integrations involving APIs, MQ/message queues, XML, CSV, and file-based feeds .

• Work with technical teams to support payment system integrations and solution implementation.

• Collaborate with business stakeholders, vendors, developers, and technology teams.

• Present solution designs, workflows, requirements, and project updates using PowerPoint .

• Investigate UAT/SIT defects and production issues and provide recommendations and resolution paths.

• Support production implementation and post-implementation activities.

• Maintain requirements traceability from business requirements through implementation and testing.

• Work effectively within Agile and/or Waterfall methodologies .

Required Skills & Qualifications

• 6 8 years of experience as a Business Analyst, Senior Business Analyst, or Solution Designer.

• Strong experience in the Financial Services / Banking domain.

• Direct experience with High-Value Wire Payments is mandatory/preferred , including:

  • Canada Lynx

  • SWIFT

  • Fedwire

  • Wire payment processing/workflows

• Strong understanding of payment integrations using:

  • API

  • MQ / Message Queuing

  • File-based feeds

  • XML / CSV

  • ISO 20022

• Strong knowledge of end-to-end payment processing and integration workflows.

• Excellent documentation skills with experience creating BRDs, IAs, Functional Specifications, Interface Designs, User Stories, and Data Mapping documents .

• Strong analytical, solution-design, and problem-solving skills.

• Excellent stakeholder communication and presentation skills.

• Strong PowerPoint skills with the ability to articulate complex solutions clearly.

• Experience working with business, technology, vendors, and development teams.

• Experience with Agile and/or Waterfall delivery methodologies.

Ideal Candidate: The ideal candidate is a Payments Business Analyst / Senior BSA / Payments Solution Designer who has worked directly on high-value wire payment systems , particularly Lynx, SWIFT, or Fedwire , and can independently analyze payment processes, define integration requirements, create detailed solution documentation, and communicate effectively with both business and technical stakeholders.