Job Requirements
Job Title: Business Analyst - SWIFT
Location: Navi Mumbai - Airoli
Department - Information Technology
Experience: 5 - 10 Years
Job Summary:
The primary objective is to shape and deliver strategic initiatives on cross‑border payments, SWIFT MT/MX, and ISO 20022 migration, ensuring business value, compliance, and operational resilience. The role is
typically, senior (5 – 10 years), with responsibility for requirements strategy, scheme/vendor coordination, and senior‑management communication on SWIFT programmes.
Key Responsibilities
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Define and own the SWIFT/ISO 20022 change roadmap: MT–MX migration, new scheme features, cross‑border product enhancements, and integration with fraud/sanctions/compliance systems.
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Lead requirements elicitation anddocumentation (BRD/FRD, user stories, use cases, as‑is/to‑be flows) for SWIFT
MT/MX messages, payment engines, and upstream/downstream systems.
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Own business analysis for SWIFT MT/MX and ISO 20022 initiatives, from discovery through implementation and post‑go‑live stabilization.
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Lead requirement workshops with Operations, Business, Compliance, Risk, Treasury, and IT; produce BRDs/FRDs,
user stories, and end‑to‑end process flows.
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Perform MT–MX mapping and gap analysis, documenting impacts on channels, payment hub, core banking, sanctions/fraud, and reconciliation systems.
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Contribute to solution design with architects and vendors for SWIFT connectivity, payment engines, and downstream integrations.
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Define business acceptance criteria, support test case design, review results, and sign‑off business functionality
and data quality (including enriched ISO 20022 data).
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Support incident and change management for SWIFT/ISO 20022 scope, including root‑cause analysis, remediation requirements, and stakeholder communication decks.
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Track scheme and regulatory changes related to SWIFT and ISO 20022 and maintain an impact/requirement register and roadmap.
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Strong understanding of end‑to‑end cross‑border payment lifecycles, cut‑offs, charges, investigations/returns, and compliance touchpoints (AML, sanctions, fraud).
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Hands‑on experience mapping MT to MX, working with pacs/pain/camt messages, and handling co‑existence/migration windows.
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Proven ability to run workshops, negotiate priorities, manage backlogs, and present to senior management/steer‑cos on scope, risks, and timelines.
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Strong documentation, process modelling, and analytical skills, including as‑is/to‑be, data mapping, and
traceability matrices.
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Proficiency with BA toolset: process modelling (BPMN), data mapping, user stories/backlog management, and
traceability.
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Excellent communication skills with demonstrated experience presenting to senior management and external
stakeholders.
Educational Qualification(Fulltime): Bachelor of Technology (B.Tech) / Bachelor of Science (B.Sc) /
Master of Science (M.Sc) /Master of Technology (M.Tech) / Bachelor of Computer
Applications (BCA) / Master of Computer Applications (MCA)
