Business Analyst

Job Role: Business Analyst (Payment) Job

Location:
Luxembourg

Experience:
Mid-Senior Level Work Type: Hybrid / Open for full-time About Company: At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,700+ and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community. Diversity, Equity, and Inclusion Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and an affirmative-action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more. All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. 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.