Swift ISO Payments Business Analyst

Swift ISO Payments: Business Analyst

OnsiteLocation: Florham Park, NJ

About the Role:

We are seeking a skilled and experienced Business Analyst with expertise in SWIFT ISO 20022 format changes. This role will focus on mapping business requirements to the recent changes and enhancements to the ISO 20022 standard, particularly in the context of SWIFT payments. You will play a crucial role in ensuring that payment system upgrades or transitions are aligned with these changes, helping the organization stay ahead of evolving payment messaging standards.As a Business Analyst, you will analyze, document, and translate business requirements into actionable technical specifications and solutions. This position requires deep expertise in SWIFT messaging standards, ISO 20022 updates, and their impact on global payment systems.ISO 20022 Change Management: Analyze and document the latest changes to the SWIFT ISO 20022 messaging standard, particularly the updates affecting transaction types, formats, and fields, and translate these changes into actionable requirements.Key Requirements:· Experience:o 5 years of experience as a Business Analyst, with a focus on payment systems, particularly with SWIFT ISO 20022.o Proven experience with the SWIFT messaging system, including knowledge of MT and MX messages and the transition to ISO 20022.· ISO 20022 Expertise:o Deep understanding of the ISO 20022 standard and its evolution, including the latest changes to the SWIFT ISO 20022 format and messaging specifications.o Expertise in mapping business requirements to the new ISO 20022 messaging structure, including message types, fields, and transaction flows.· SWIFT Payments Knowledge:o Stong knowledge of SWIFT payment systems, including the MT and MX message types, and their implementation in real-time payments and financial messaging.o Familiarity with SWIFT's ISO 20022 migration roadmap and its impact on global payments.· Business Analysis Skills:o Strong skills in requirements gathering, functional specification writing, and business process modeling (BPMN, UML).o Experience in translating complex business and technical requirements into clear, actionable documentation for development and implementation.· Compliance & Regulatory Understanding:o Knowledge of regulatory requirements related to payments systems, including AML, KYC, GDPR, and other industry standards.o Understanding of how ISO 20022 changes align with regulatory reporting and compliance requirements for financial institutions.

Job Type: Contract

Pay: $60.00 - $65.00 per hour

Schedule:

• 12 hour shift

Ability to Commute:

• Florham Park, NJ 07932 (Preferred)

Ability to Relocate:

• Florham Park, NJ 07932: Relocate before starting work (Preferred)

Work Location: In person

Salary : $60 - $65