Job Description - Payment SME
Role Overview
We are seeking a highly experienced Payments & Wire Transfer Subject Matter Expert (SME) with deep expertise in wire transfers, ACH, FX transactions, and regulatory compliance to support enterprise payment platforms.
The SME will act as a domain anchor, driving end-to-end payment validation, process accuracy, compliance assurance, and intelligent (AI-assisted) quality insights across domestic and international payment systems.
Strong hands-on experience with PEP+, CNS (Consolidated Server), and Payment Exchange platforms is mandatory.
Project Location: Mumbai
Key Responsibilities
1. Payments Domain & Functional Expertise
- Act as SME for:
- Domestic & international wire transfers
- ACH processing and clearing cycles
- FX payments and cross-currency transactions
- Validate end-to-end payment lifecycle:
- Initiation → Validation → Routing → Settlement → Reconciliation
- Ensure correctness of:
- SWIFT (MT/MX) and ISO 20022 message formats
- STP processing and exception handling
- FX rate application and tolerance checks
- Cut-off times, settlement rules, and holiday calendars
- Ensure compliance with:
- AML, OFAC, KYC regulations
- Internal audit and regulatory controls
2. Payment Systems & Integration Knowledge
- Hands-on experience with:
- PEP+ (Mainframe)
- CNS (Consolidated Server)
- Payment Exchange platforms
- Exposure to PEP+ ecosystem:
- PEP+ Exchange
- Common View
- PEP+ Direct
- Understand integrations across:
- Core banking systems
- Payment hubs
- External networks (SWIFT, clearing houses, correspondent banks)
3. Domain-Led Validation & Quality Assurance
- Lead functional validation of payment flows and scenarios
- Perform:
- Business requirement validation
- Test scenario review for complete domain coverage
- Data validation and reconciliation checks
- Identify:
- Gaps in business logic or test coverage
- Risks from regulatory and audit perspective
- Support:
- Defect triage and root cause analysis
- UAT validation and business sign-off
4. AI-Enabled Quality & Insights
- Leverage AI-assisted tools and data insights to:
- Detect anomalies in payment transactions
- Identify STP failures and exception trends
- Improve validation coverage and defect detection
- Support adoption of:
- Intelligent test data validation
- Smart reconciliation and exception analysis
- Collaborate with teams to enhance quality using AI-driven insights, while maintaining strong domain validation rigor
5. Stakeholder Collaboration
- Work closely with:
- Product Owners, Business Analysts, Developers
- Compliance and Operations teams
- Contribute to:
- Requirements, user stories, and acceptance criteria
- Test strategy and validation approach
- Act as a bridge between business and technology teams
- Support production issue analysis with domain-driven insights
Experience Criteria
- Minimum 8+ years of experience in banking/financial services (payments domain)
- Strong experience in:
- Wire Transfers, ACH, FX, SWIFT processing
- Minimum 3–5 years in SME / Domain Lead / Senior Functional role
- Hands-on experience with:
- PEP+ (Mandatory)
- CNS (Consolidated Server)
- Payment Exchange systems
- Experience in UAT, production validation, and payment system implementations/migrations
Skills & Competencies
Must-Have Skills
- Strong domain expertise in:
- Wire Transfers, ACH, FX payments
- Payment lifecycle and STP processing
- Knowledge of:
- SWIFT MT/MX, ISO 20022
- AML, OFAC, KYC compliance
- Experience with:
- PEP+, CNS, Payment Exchange platforms
- Strong capability in:
- Requirement validation
- Defect triage & root cause analysis
- Data validation & reconciliation
- Excellent stakeholder communication and UAT support
Nice-to-Have Skills
- Exposure to:
- SEPA, RTP / Instant Payments
- Cross-border payment systems
- Knowledge of:
- PEP+ ecosystem (Exchange, Common View, Direct)
- Payment hubs and API integrations
- Strong understanding of Mainframe-based payment processing and reconciliation flows
- Familiarity with:
- AI-assisted testing / data analytics tools
- Experience in:
- Payment transformation or modernization programs
- PEP+ Mainframe system (JCL exposure, batch cycles, job monitoring preferred)
