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- Tasks: Lead strategic initiatives in payments, focusing on cross-border transactions and correspondent banking.
- Company: Join a dynamic team in the Banking & Financial Services industry, driving payment solutions.
- Benefits: Enjoy a contract role with opportunities for professional growth and collaboration with top experts.
- Why this job: Be at the forefront of payment modernization, making a real impact in the financial sector.
- Qualifications: 10+ years in payments, expertise in SWIFT MT messages, and strong business analysis skills required.
- Other info: Experience with ISO 20022 migration and core banking platforms is a plus.
The predicted salary is between 72000 - 108000 £ per year.
Job Title: Senior Payments SME (BA/Architect)
Location: London
Job Type: Contract
Industry: Banking & Financial Services
Job Summary:
We are seeking an experienced Senior Payments SME with strong Business Analysis and Architecture expertise to lead strategic initiatives in the payment\’s domain. The ideal candidate will have deep knowledge of Correspondent Banking, Foreign Currency & Exchange Margins, and SWIFT MT Messages , working closely with business and technology teams to define and implement robust payment solutions.
Key Responsibilities:
Act as a subject matter expert (SME) for cross-border payments and correspondent banking , ensuring alignment with regulatory and industry standards.
Analyze and document business and technical requirements related to foreign currency transactions, exchange margins, and payment processing.
Provide expertise on SWIFT MT message formats (MT103, MT202, MT940, etc.) , ensuring accurate implementation and compliance with SWIFT standards.
Define and design end-to-end payment architecture , integrating core banking systems, messaging networks, and payment rails.
Collaborate with stakeholders (business users, IT teams, vendors, and regulatory bodies) to deliver payment modernization projects.
Lead process optimization efforts to enhance straight-through processing (STP) and reduce operational risks.
Support migration from MT to ISO 20022 messaging where applicable.
Conduct impact assessments for regulatory and industry changes affecting payment flows.
Develop test cases and assist in UAT, SIT, and integration testing of payment solutions.
Required Skills & Experience:
10+ years of experience in the payments industry, specializing in cross-border and correspondent banking .
Strong expertise in SWIFT MT messages (MT103, MT202, MT940) and foreign currency transactions .
Hands-on experience in payment systems architecture, design, and integration .
Deep understanding of FX margin calculations, liquidity management, and settlement processing .
Proficiency in business analysis, requirements gathering, and process modeling .
Familiarity with payment regulatory frameworks (e.g., PSD2, AML, FATF guidelines).
Experience with core banking platforms (T24, Finastra, FIS, or similar) is a plus.
Knowledge of ISO 20022 migration and real-time payment networks is desirable.
Strong communication skills with the ability to engage both technical and non-technical stakeholders.
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Senior Business Analyst /Architect - Payments employer: N Consulting Limited
Contact Detail:
N Consulting Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst /Architect - Payments
✨Tip Number 1
Make sure to showcase your deep knowledge of Correspondent Banking and Foreign Currency transactions during networking events or discussions. Engaging with industry professionals can help you gain insights and potentially lead to referrals.
✨Tip Number 2
Stay updated on the latest trends in payment systems, especially regarding SWIFT MT messages and ISO 20022 migration. This knowledge will not only enhance your expertise but also demonstrate your commitment to staying relevant in the field.
✨Tip Number 3
Consider joining relevant online forums or groups focused on payments and banking. Engaging in discussions can help you build a network and may lead to job opportunities that align with your skills.
✨Tip Number 4
If possible, attend industry conferences or webinars related to payments and banking. These events are great for meeting potential employers and learning about new job openings directly from industry leaders.
We think you need these skills to ace Senior Business Analyst /Architect - Payments
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Payments SME position. Understand the key responsibilities and required skills, especially focusing on areas like SWIFT MT messages and cross-border payments.
Tailor Your CV: Customize your CV to highlight your relevant experience in the payments industry, particularly your expertise in correspondent banking and payment systems architecture. Use specific examples that demonstrate your knowledge of regulatory frameworks and process optimization.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the payments domain and your ability to lead strategic initiatives. Mention your experience with SWIFT MT messages and how you can contribute to payment modernization projects.
Highlight Collaboration Skills: In your application, emphasize your strong communication skills and your ability to work with both technical and non-technical stakeholders. Provide examples of past collaborations that led to successful project outcomes.
How to prepare for a job interview at N Consulting Limited
✨Showcase Your Expertise in Payments
Be prepared to discuss your extensive experience in cross-border payments and correspondent banking. Highlight specific projects where you successfully implemented payment solutions, focusing on your role as a subject matter expert.
✨Demonstrate Knowledge of SWIFT MT Messages
Since the role requires expertise in SWIFT MT messages, make sure to familiarize yourself with the formats (MT103, MT202, MT940) and be ready to explain how you've used them in past projects. This will show your technical proficiency.
✨Discuss Regulatory Frameworks
Understand the relevant regulatory frameworks such as PSD2, AML, and FATF guidelines. Be prepared to discuss how these regulations impact payment processes and how you've ensured compliance in your previous roles.
✨Engage with Stakeholders
Highlight your experience collaborating with various stakeholders, including business users, IT teams, and regulatory bodies. Share examples of how you effectively communicated complex technical concepts to non-technical audiences.
