About RedCompass Labs:
We are global experts in payments modernization, using the latest applied AI and deep payments expertise to deliver end-to-end payment transformation projects. Our solutions help clients accelerate their payments modernization programs while reducing costs and regulatory risk.
The RedFlag Accelerator sets the industry standard for detecting human trafficking related crime, assisting both financial institutions and law enforcement. Using a persona-oriented approach, it identifies the actors behind transactions, including victims, money-laundering professionals, perpetrators, and others. By combining AI, the latest red flags, crime models, and OSINT data, our system helps detects crimes across labor, sex trafficking and child sexual exploitation.
With offices in London, Warsaw, Brussels, Miami, Toronto, and Pune, we support clients worldwide. To learn more about RedCompass Labs and our services, visit www.redcompasslabs.com.
Role Overview
Total Exp.: 5+ years
Job Location: Baner,Pune
We are looking for a talented and motivated Manual QA Engineer with deep payments domain expertise to join our growing Pune team. This role is ideal for a payments professional who has built strong QA experience across global payment schemes and is looking to grow into a Business Analyst role over time.
You will work on complex, high-impact payments transformation programmes for tier-one global banks, validating payment flows across multiple rails, schemes, and core banking integrations. You will bring a tester's precision and a domain expert's intuition to everything you do.
What You'll Do
- Design, write, and execute detailed manual test cases and test scenarios covering end-to-end payment flows across global payment schemes
- Validate payment message formats, field-level mappings, and processing logic across SWIFT, SEPA, FedWire, CHIPS, and real-time payment schemes
- Test integrations between payment hubs and core banking systems including accounting, balance checks, fraud & compliance, FX engines, and notification services
- Perform functional, regression, integration, and UAT testing across payment transformation programmes
- Analyse payment scheme rulebooks and translate requirements into comprehensive test scenarios including happy path, negative, and edge cases
- Raise, document, and track defects with precision and clarity; work closely with developers and BAs to drive resolution
- Participate in requirements reviews and contribute domain knowledge to identify gaps and ambiguities early
- Produce test summary reports and communicate testing outcomes clearly to project stakeholders
- Gradually take on BA-adjacent responsibilities such as requirements analysis, gap assessment, and stakeholder communication as you grow in the role
Must Have
- 5+ years of QA experience with a strong focus on payments domain testing
- Deep hands-on knowledge of global payment schemes, including:
- Cross-border payments (SWIFT MT/MX, GPI)
- SEPA (SCT, SDD, SCT Inst STEP2, EBA RT1, TIPS)
- US payment schemes (FedWire, FedACH, CHIPS, RTP, FedNow)
- Instant payment schemes (at least one of: TIPS, RT1, TCH RTP, FedNow, UPI, FAST)
- Solid understanding of the end-to-end payments landscape, including clearing, settlement, and reconciliation
- Strong knowledge of core banking system integration how payment hubs interface with accounting, balance, fraud & compliance, FX, and notification systems
- Experience testing ISO 20022 message formats (pacs.008, pacs.002, camt.056, pain.001 etc.)
- Ability to write precise, comprehensive test cases from scheme rulebooks, BRDs, and functional specs
- Excellent verbal and written communication skills able to articulate defects, risks, and test outcomes clearly to both technical and non-technical stakeholders
- Genuine inclination towards a SME career path intellectually curious, proactive in understanding the why behind requirements, and able to engage confidently in business discussions
Good to Have
- Exposure to payment hub products such as Finastra GPP, FIS OPF (Open Payment Framework), Volante, ACI, Temenos Payments, or similar
- Familiarity with SWIFT Alliance, SWIFTNet connectivity, or SWIFT MX migration testing
- Experience working in an Agile / Scrum delivery environment
- Basic SQL skills for back-end payment data validation
- Experience with defect management tools such as JIRA, ALM, or Azure DevOps
- Prior exposure to payments consulting or system integration projects at global banks
Who You Are
- A payments professional first you understand payment flows deeply, not just test scripts
- Detail-oriented but able to see the bigger picture of a payment transformation programme
- A clear, confident communicator who can hold their own in client-facing conversations
- Someone who asks why does this work this way curious, analytical, and always learning
- Ambitious about your career excited about growing into a SME or functional consultant role
- Collaborative and team-oriented happy to work across QA, BA, dev, and client teams
RedCompass Labs is committed to promoting and supporting a diverse and inclusive workplace, ensuring fair and equitable treatment for all. This fuels innovation and enables us to work better together with each other and for our clients.
