What are the responsibilities and job description for the Solution Architect – Real-Time Payment Systems position at Tekskills Inc.?
Job Title : Solution Architect – Real-Time Payment Systems
Location : Florham Park, NJ (Onsite Opportunity)
Duration : 11 Months
Job Description: Solution Architect - Real-Time Payment Systems (FED/CHIPS/SWIFT)
Position Title: Solution Architect – Real-Time Payment Systems
Location: USA
Department: Payments Technology
About the Role:
We are seeking an experienced Solution Architect with deep functional knowledge and hands-on experience in real-time payment systems, specifically with FED (Federal Reserve), CHIPS (Clearing House Interbank Payments System), and SWIFT. This role requires expertise in designing and implementing end-to-end solutions for real-time payment processing, including strategic architecture planning, functional design, and system integration.
As a Solution Architect, you will collaborate with cross-functional teams, including business stakeholders, developers, and operations, to design scalable, secure, and high-performance payment solutions that align with business needs and industry standards.
(Knowledge of pagoNext and CHIPS is preferred)
Key Responsibilities:
• Solution Architecture: Lead the design and architecture of real-time payment solutions using FED, CHIPS, and SWIFT. Define technical requirements, ensure system scalability, security, and high availability for payments processing environments.
• Functional Expertise: Leverage deep functional knowledge of real-time payment systems to advise on best practices and innovative solutions. Understand regulatory requirements and industry standards for payments (knowledge of CHIPS / FED wire is must), ensuring compliance.
• Technical Leadership: Provide guidance and mentorship to development teams, ensuring that solutions are implemented according to architectural guidelines and industry standards.
• Stakeholder Collaboration: Engage with business stakeholders, product managers, and other teams to understand business needs and translate them into functional and technical requirements.
• End-to-End Design: Design end-to-end payment flows from transaction initiation to settlement, ensuring smooth and efficient operations across various real-time payment networks.
• Documentation: Prepare and maintain detailed architectural documentation, including design specifications, data flow diagrams, and system interfaces. Communicate design decisions effectively to both technical and non-technical stakeholders.
Key Requirements:
• Experience:
o At least 7-10 years of experience in payment systems architecture with a focus on real-time payments, including hands-on experience with FED, CHIPS, and SWIFT.
o Proven experience as a Solution Architect or a senior role in payment systems or financial services technology.
• Functional Knowledge:
o Strong functional knowledge of real-time payment systems and protocols (including transaction flows, settlement, and reconciliation processes).
o Familiarity with the Federal Reserve’s Real-Time Payment Network, CHIPS, and SWIFT messaging protocols and services.
• Technical Skills:
o In-depth understanding of payment system architectures, API integrations, and modern payment processing technologies.
o Expertise in payment network standards such as ISO 20022, ISO 8583, and other messaging formats used in the payment industry.
• Leadership & Communication:
o Excellent problem-solving and leadership skills, with a proven track record of managing complex solution architecture projects.
o Ability to communicate complex technical concepts to non-technical stakeholders and senior management.
o Strong interpersonal and collaboration skills to work effectively with cross-functional teams.
Preferred Qualifications:
• Experience in working with global payments infrastructure and standards.
• Knowledge of real-time payment systems in USA region and regulatory environments.
