Hi

: Payments Business Analyst

Experience: 6 to 12 Years

Location: Hyderabad

Work Mode: [Hybrid/Work from Office]

Notice Period: Immediate to 30 Days Preferred

Employment Type: Full-Time

Payment Business Analyst: Key Responsibilities
Gather and document business and functional requirements for payment applications.
Analyze end-to-end payment flows, including initiation, authorization, clearing, settlement, reconciliation, refunds, and reversals .
Work on payment messaging standards such as ISO 8583 and ISO 20022 .
Perform field-level message analysis, mapping, validation, and gap assessment.
Prepare BRD, FRD, functional specifications, process flows, user stories, and acceptance criteria .
Coordinate with product owners, developers, architects, QA teams, banks, and payment processors.
Support SIT, UAT, defect analysis, and production issue resolution .
Participate in Agile activities such as backlog refinement, sprint planning, and daily stand-ups.

Mandatory Skills
Strong experience as a Business Analyst in the Payments or Banking domain .
Valuable knowledge of ISO 8583 , including MTI, bitmap,



data elements, and response codes.
Experience with ISO 20022 messages , such as pacs, pain, and camt.
Understanding of card payments, real-time payments, domestic payments, or cross-border payments .
Knowledge of issuing, acquiring, payment switches, transaction processing, clearing, and settlement .
Experience in message mapping, XML, JSON, XSD, APIs, and system integration .
Solid experience in requirement gathering, functional documentation, user stories, and UAT .
Hands-on experience with JIRA and Confluence .
Strong communication and stakeholder-management skills.

Positive-to-Have Skills
Knowledge of SWIFT MT/MX messages and MT-to-MX migration .
Experience with payment networks or schemes such as Visa, Mastercard, RuPay, SWIFT, SEPA, RTP, UPI, IMPS, NEFT, or RTGS .
Understanding of chargebacks, fraud checks, sanctions screening, and payment exceptions.
Experience working with banks, fintech organizations, payment gateways, or payment processors.

📌 Payment Business Analyst Hyderabad (India)
🏢 Coforge
📍 India