Business Systems Analyst (SEPA Payments)

Cognizant is a technology services provider that focuses on building AI solutions for clients. They are seeking a Senior Business Systems Analyst with expertise in instant payments to support the design and delivery of a next-generation Instant Payment Execution Engine, focusing on translating business requirements into functional specifications and driving end-to-end analysis for payment processing systems.

Responsibilities:

• Collaborate with business stakeholders and product owners to gather, analyze, and refine requirements into user stories and functional specifications
• Define and document system scope, objectives, and detailed requirements for instant payment processing systems
• Translate high-level business and technical requirements into clear specifications, including payment message flows and system interactions
• Design and validate payment flows aligned with ISO 20022 standards and real-time processing schemes (e.g., SCT Instant or similar)
• Contribute to the development of a new Instant Payment Execution Engine, including architecture inputs and feature definition
• Work in Agile delivery environments, participating in sprint planning, backlog grooming, and value stream alignment
• Collaborate with engineering teams to ensure accurate implementation of business requirements and support testing/validation cycles
• Analyze system performance and propose improvements to enhance payment processing efficiency and reliability

Requirements:

• 7+ years of experience as a Business Analyst or Business Systems Analyst in financial services or payments domain
• Strong expertise in instant payment processing, including SCT Instant or similar real-time payment schemes
• Deep knowledge of ISO 20022 messaging standards and payment message flows
• Proven ability to define and document detailed business and system requirements for complex platforms
• Experience working in Agile environments with a solid understanding of value streams and product delivery models
• Ability to translate abstract concepts and high-level requirements into actionable specifications
• Strong communication and stakeholder management skills
• Experience building new platforms/products from scratch is highly desirable