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- Tasks: Lead strategic initiatives in payments, ensuring compliance and optimising processes.
- Company: Join a leading firm in Banking & Financial Services based in London.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be at the forefront of payment innovation and make a real impact in the industry.
- Qualifications: 10+ years in payments, expertise in SWIFT MT messages, and strong analytical skills required.
- Other info: Contract position with potential for long-term engagement.
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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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
Network with professionals in the payments industry, especially those who have experience with correspondent banking and SWIFT messaging. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific payment systems and regulatory frameworks mentioned in the job description, such as PSD2 and AML guidelines. This knowledge will help you engage in meaningful conversations during interviews.
✨Tip Number 3
Prepare to discuss your hands-on experience with payment systems architecture and integration. Be ready to provide examples of how you've successfully led projects that align with the responsibilities outlined in the job description.
✨Tip Number 4
Showcase your ability to collaborate with diverse stakeholders by preparing anecdotes that highlight your communication skills. Emphasise instances where you’ve bridged the gap between technical and non-technical teams to achieve project goals.
We think you need these skills to ace Senior Business Analyst /Architect - Payments
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the payments industry, particularly focusing on cross-border payments and correspondent banking. Use specific examples that demonstrate your expertise in SWIFT MT messages and payment systems architecture.
Craft a Compelling Cover Letter: In your cover letter, emphasise your 10+ years of experience in the payments sector. Discuss how your skills align with the job requirements, particularly your knowledge of regulatory frameworks and process optimisation efforts.
Showcase Relevant Projects: Include details of specific projects you've led or contributed to that relate to payment modernization, SWIFT message implementation, or ISO 20022 migration. This will help illustrate your hands-on experience and problem-solving abilities.
Highlight Communication Skills: Since the role requires collaboration with various stakeholders, make sure to mention instances where you've successfully engaged both technical and non-technical teams. This will demonstrate your strong communication skills, which are crucial for this position.
How to prepare for a job interview at N Consulting Limited
✨Showcase Your Expertise
Make sure to highlight your extensive experience in cross-border payments and correspondent banking. Be prepared to discuss specific projects where you've successfully implemented payment solutions, focusing on your role as a subject matter expert.
✨Understand SWIFT MT Messages
Since the role requires knowledge of SWIFT MT messages, brush up on the formats like MT103, MT202, and MT940. Be ready to explain how you've used these in past roles and how they relate to compliance and implementation.
✨Demonstrate Analytical Skills
Prepare to discuss your approach to analysing and documenting business and technical requirements. Use examples from your previous work to illustrate how you gather requirements and ensure alignment with regulatory standards.
✨Engage with Stakeholders
Communication is key in this role. Think of examples where you've collaborated with various stakeholders, including IT teams and regulatory bodies. Show how you can bridge the gap between technical and non-technical teams to deliver successful payment projects.
