Business Analyst (Payment)

• Job Role: Business Analyst (Payment)

• Location: Luxembourg

• Work Type: Hybrid Model / Full Time.

Job Description

1. Context and Objectives of the Engagement

Client in Luxembourg is currently undergoing a big transformation program to replace its Core Banking System and update its payment processing capabilities. As part of this, the FTB/PAY team handles developing, maintaining, and providing Level 3 production support for apps that manage the full lifecycle of customer cash transfer orders. This covers everything from payment initiation, validation workflows, AML checks, processing, exception handling, to integration with internal and external payment systems. The bank wants to improve how it manages its IT systems, and to do this, it’s looking to tap into the service provider's expertise in IT project management support.

In this context, the service consists of contributing to:

1. The delivery of strategic initiatives related to payments and cash management.

2. The interface between business stakeholders, operations teams, architects, developers, testers, and production support teams.

Expertise Required:

International payment ecosystems

Instant Payments

SEPA Credit Transfers

TARGET Services (T2)

Cash transfer and payment processing systems

ISO 20022 payment messaging standards

SWIFT and European payment schemes

Analysis of complex functional requirements and system integrations

AML-related controls within payment processes

Strong SQL querying skills for data analysis and investigation.

2. Expected Deliverables

The expected deliverables are:

1. Gather, study, question, and document business needs

2. Create solid Functional Specs and Business Requirement Docs

3. Lay out functional processes, business rules, workflows, and data mappings

4. Make sure requirements are implemented correctly

5. Plan out Testing Strategies, Test Plans, and Test Scenarios.

6. Functional testing, integration testing, and user acceptance testing (UAT)
7. Keep an eye on testing campaigns, track defects, and make sure they're resolved with the stakeholders
8. Support change requests and evaluate the business impact of proposed updates
9. Handle change management and release management tasks
10. Help with production deployments and post-release checks
11. Provide support for production issues, including root cause analysis and coordination with tech teams
12. Investigate and reconcile data using SQL queries/XML
13. Follow banking regulations, payment standards, and internal governance rules
14. Maintain clear and complete functional documentation
15. Run successful testing campaigns with proper traceability
16. Ensure controlled and efficient releases
17. Resolve production incidents promptly
18. Deliver high-quality results that support Client in Luxembourg's Core Banking Transformation goals.

3. Expertise / Technologies

The expertise required to deliver this engagement is listed below:

1. Agile Scrum

2. XML.

3. Jira.

4. Type of Service & Expected Level

The expected service is:

IT System Project Ownership Assistance - Level 4.