Business Analyst

About RedCompass Labs:

RedCompass Labs enables good payments and helps stop the bad. We are experts in ISO20022-based payments, instant payments, cross-border payments, payments interoperability and financial crime. We use the latest Applied AI, micro-services technology and deep payment knowledge to deliver payment transformation projects. These solutions help our clients accelerate their payments modernization programs, reducing costs and regulatory risk.

The RedFlag Accelerator sets the industry standard for detecting financial crimes. Using a persona-oriented approach, it identifies the actors behind transactionsvictims, money-laundering professionals, perpetrators, and more. By combining the very latest red flags, crime models, and OSINT data, our system detects crimes spanning labor and sex trafficking, elder abuse, drug trafficking, as well as scams and potential APP fraud within financial transactions. Our comprehensive offerings include algorithms, analytics, and training tools for bank's systems and team.

With offices in London, Warsaw, Antwerp, Tokyo, Miami, Toronto, and Pune, we support clients worldwide.

For more information about RedCompass, please visit www.redcompasslabs.com

Position: Business Analyst (Payments)

Location: Pune

Experience: 5+ years

Role Description :

This role is to join the SME team within RedCompass specialized in payment implementation and change programs. The SME will support banks using his or her deep understanding of global payments processing and payment eco-systems.

As part of the role the Payments expert will fulfil following tasks:

Provide overall payments implementation expertise;

Identify and prioritise key stakeholders, engage and maintain good relationships;

Understand business situation and drivers for the project and clarify the objectives and scope of the work;

Develop and evaluate possible solution options and support business to select the solution that is most effective;

Translate the business needs into business and or functional requirements. Prepare Impact Analysis documentation, BRD's, Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices;

For the requirements engineering and solution design, lead and/or participate in workshops to gather business requirements, review deliverables and secure stakeholder signoffs.

Define best practices for payment processing;

Provide clarifications, training and support to both RedCompass customers and the internal RedCompass teams;

Review and recommend test approaches and test plans.

Mandatory Requirements

Domain Knowledge:

Profound knowledge of payments schemes (SEPA, SCTInst, UKFP, BACS, International payments) and the overall payments eco-system;

thisline needs to be updated:

Strong hands on experience with one or more payments processing products like Finastra's GPP product, FIS OPF product(Must have),

Understanding of various Clearing & Settlement Systems (e.g. Euro1, Step2, Target2, BACS, STET, Equens, Bundesbank);

In-depth knowledge of API's, SWIFT and/or ISO 20022 payment messages.

BA Skills:

Understand and be able to utilise key business analysis techniques in BA activities (SWOT, PESTLE analysis, BPM, Use Case Modelling, Data Modelling and Sequence Modelling);

Good communicator with excellent meeting/workshop facilitation skills;

Be able to produce the project deliverables that are typically created as part of a payments implementation or payments transformation programme (Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices);

Proven experience of designing and / or testing large scale payments applications;

Excellent English communication skills (written & spoken).