Business Analyst – Cash IBS / Payments (ISO 20022) for North Quincy, MA (Onsite)

Role: Business Analyst – Cash IBS / Payments (ISO 20022)

Location : North Quincy, MA (Onsite)
Duration: 12+ months
Experience Required: 8–10 Years

Key Responsibilities:

Business Analysis & Requirements:

• Analyze and document current-state payment processes, message flows (SWIFT MT to ISO 20022 MX), and accounting interfaces
• Define business and functional requirements for ISO 20022 migration across:
• RTGS
• ACH
• SWIFT
• Translate regulatory and business needs into clear, actionable requirements

Payments & Accounting Integration:

• Work closely with Operations, Finance, and IT teams to ensure alignment between:
• Payment messages
• Accounting entries in General Ledger / Sub-ledger systems
• Perform data mapping and gap analysis between legacy MT messages and ISO 20022 MX formats

Testing & Implementation Support:

• Support end-to-end testing activities including:
• System Integration Testing (SIT)
• User Acceptance Testing (UAT)
• Validate message transformations, reconciliations, and accounting postings
• Provide business support during implementation, including:
• Troubleshooting message validation issues
• Resolving accounting integration challenges

Vendor & Regulatory Coordination:

• Liaise with vendors, payment networks, and regulatory bodies
• Ensure compliance with global and regional ISO 20022 mandates
• Support coordination across internal and external stakeholders

Documentation & Process Management:

• Develop and maintain:
• Detailed process documentation
• Use cases
• Data flow diagrams
• Ensure documentation supports audit, compliance, and operational needs

Required Skills & Qualifications (Essential):

• 8–10 years of experience as a Business Analyst in banking or payments
• Strong experience with Payments Modernization and ISO 20022 migration
• In-depth knowledge of:
• SWIFT MT to MX message flows
• Domestic and cross-border payment systems (RTGS, ACH, SWIFT)
• Strong understanding of payment accounting and reconciliation processes
• Experience supporting SIT and UAT
• Excellent stakeholder management and communication skills

Preferred / Nice-to-Have Skills:

• Domain experience in US Capital Markets
• Experience working with Cash IBS platforms
• Exposure to regulatory reporting and compliance initiatives
• Strong analytical and problem-solving skills

Key Competencies:

• Business Analysis & Requirements Management
• Payments & ISO 20022 Expertise
• MT to MX Message Migration
• Accounting & Reconciliation Integration
• Stakeholder & Vendor Coordination
• Testing & Implementation Support

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Thanks & Regards

               Bindiya Dhamija
                 Technical Recruiter

                 www.noviainfotech.com

                 bindiya.d@noviainfotech.com

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