Key skills
SWIFT messaging MT formatsSWIFT messaging MX formatsISO 20022 standardsGlobal Payments Plus platformPayment processing workflowsSettlement processesRegulatory complianceData mappingImpact assessmentValidation activitiesAgile delivery environmentStakeholder ManagementSwiftAgileCommunication
About this role
Cognizant is one of the world’s leading professional services companies, focused on transforming clients’ business and technology models. They are seeking an experienced Business Analyst – Payments to support large-scale transformation initiatives within global banking and payments ecosystems, focusing on SWIFT messaging and the Global Payments Plus platform.
Responsibilities:
- Analyze, document, and validate SWIFT payment message flows, including MT and MX formats within Global Plus implementations
- Perform detailed impact analysis and data mapping to support ISO 20022 migration and structured address requirements
- Collaborate with business, operations, and technology teams to gather and refine requirements
- Translate business requirements into clear functional specifications and process documentation
- Support system testing, validation, and troubleshooting, ensuring accurate payment processing outcomes
- Ensure adherence to regulatory requirements and industry standards, including ISO 20022 compliance
- Communicate effectively with stakeholders on system behavior, message standards, and changes in compliance requirements
Requirements:
- 10+ years of experience as a Business Analyst within banking or financial services, with a strong focus on payments
- Deep expertise in SWIFT messaging (MT/MX formats) and ISO 20022 standards
- Hands-on experience with Global Payments Plus (GPP / Global Plus) or similar payments platforms
- Strong understanding of payment processing workflows, settlement processes, and compliance requirements
- Proven ability to perform data mapping, impact assessments, and validation activities
- Experience working in Agile or hybrid delivery environments
- Excellent stakeholder management and communication skills
- Prior consulting experience working with tier-1 banks or large financial institutions
- Exposure to payment modernization or ISO 20022 migration program
- Familiarity with end-to-end payments lifecycle (wire, cross-border, clearing systems, etc.)