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 crossborder 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 seniormanagement communication on SWIFT programmes.
Key Responsibilities
- Define and own the SWIFT/ISO 20022 change roadmap: MTMX migration, new scheme features, crossborder product enhancements, and integration with fraud/sanctions/compliance systems.
- Lead requirements elicitation and documentation (BRD/FRD, user stories, use cases, asis/tobe flows) for SWIFT MT/MX messages, payment engines, and upstream/downstream systems.
- Own business analysis for SWIFT MT/MX and ISO 20022 initiatives, from discovery through implementation and postgolive stabilization.
- Lead requirement workshops with Operations, Business, Compliance, Risk, Treasury, and IT; produce BRDs/FRDs, user stories, and endtoend process flows.
- Perform MTMX mapping and gap analysis, documenting impacts on channels, payment hub, core banking, sanctions/fraud, and reconciliation systems.
- Contribute to solution design with architects and vendors for SWIFT connectivity, payment engines, and downstream integrations.
- Define business acceptance criteria, support test case design, review results, and signoff business functionality and data quality (including enriched ISO 20022 data).
- Support incident and change management for SWIFT/ISO 20022 scope, including rootcause analysis, remediation requirements, and stakeholder communication decks.
- Track scheme and regulatory changes related to SWIFT and ISO 20022 and maintain an impact/requirement register and roadmap.
- Strong understanding of endtoend crossborder payment lifecycles, cutoffs, charges, investigations/returns, and compliance touchpoints (AML, sanctions, fraud).
- Handson experience mapping MT to MX, working with pacs/pain/camt messages, and handling coexistence/migration windows.
- Proven ability to run workshops, negotiate priorities, manage backlogs, and present to senior management/steercos on scope, risks, and timelines.
- Strong documentation, process modelling, and analytical skills, including asis/tobe, data mapping, and traceability matrices.
- Proficiency with BA toolset: process modelling (BPMN), data mapping, user stories/backlog management, and traceability.
- 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)
