As BNYM continue in their transformation and digitization of their payments processing platform and associated processes we are looking for a candidate to fulfill a role in the Payments Business Analyst group.
BNYM is currently undergoing a transformation of its Payment Eco-system. This is driven primarily by a need to modernize it USD wire processing applications but also to create a strategic Payment Platform capable of offering a seamless payment process, regardless of settlement channel to both internal and external users.
This Business Analyst will be responsible for:
- Driving business architectural solutions focused on flexibility, time to market and re-usability
- Working with business and technology partners to provide a seamless experience to users both internal and external when interacting with payment systems specifically
- Creation of Business and Functional Requirements for projects large and small, ranging from small functional enhancements to large multi-year transformation projects.
Specifically, this role would require management of a team of BAs along with some direct User Story writing and Test Management over a multi-year period. The candidate would define solutions and drive definition of payment flows which will involve of mixture of mentoring a team but also the need to be involved in day to day BA work.Sr. Specialist Business Analysis Consultant->> Consults with stakeholders to analyze, define, challenge and prioritize the business requirements, functional specifications and operational architecture for a functional work stream within a highly complex strategic, global program. Formulates and defines program scope and objectives for the work stream with thorough understanding of business processes in a specific business domain. Tailors standard processes and templates for team to elicit, challenge, and prioritize requirements, and translates into functional design and use case models. Develops project scope, objectives, constraints and assumptions for a large, strategic, multi-year program. Prepares and manages the project plan, issues and risks, and is accountable for overall delivery of their assigned functional work stream on a large-scale program. Provides guidance in development of the technical design, test plans, and user documentation. Leads implementation/conversion strategy planning and implementation. Manages scope and change throughout the initiative utilizing formal change control and requirements traceability. Gathers and analyzes information and develops recommendations to address strategic business objectives that span multiple, global business and technology areas. Participates in industry forums and keeps current on domain knowledge for their specific business and application areas of expertise. Applies experiences across various software and/or systems development processes to define and collect metrics and identify and implement opportunities for improvement to increase quality of requirements and speed time-to-market. Actively influences software and/or systems development process improvement initiatives. Contributes to the achievement of related area objectives.
• 8+ years’ experience in Payments technology and/or Business - ideally both.
- A strong business and technical knowledge in disciplines surrounding a High and Low Value Payment Processing, Emerging technologies, use of APIs, concepts such as Blockchain
- Direct and Indirect clearing mechanisms with Fed/Chips clearing knowledge being particularly important
- Payment messaging such as MT, MX formats and ISO 200022 standards
- Payment files processes, US ACH and International ACH payment schemes and processes.
- While focus is on payment processing knowledge of the following areas is also critical:
- Account static data management
- Payment charging concepts
- Watchlist and Anti Money Laundering scanning
- Funds Control
- Foreign Exchange
- Liquidity Management
- Client and Regulatory reporting
- Real Time Payments (via TCH) processing
- Experience in defining Payment Data Warehouses
- Knowledge of Development Lifecycles and Agile approach to project implementation
- Project Management experience would be considered a plus
• Communication Skills
By nature of the job, business analysts spend a great deal of time interacting with users, clients, management and developers. A project’s success may depend upon the business analyst clearly communicating details like project requirements, requested changes and testing results. Fluent language skills and written communication abilities are necessary to thrive in a business analyst career.
• Technical Skills
In order to identify business solutions, a business analyst should know what information technology applications are being utilized, what new possible outcomes can be achieved through current platforms and what the latest technology offers. Testing software and designing business systems are also important technical business analyst skills. Gaining respect and creating a sense of confidence among IT and business end-users requires a business analyst to speak with confidence about business and technology, and to demonstrate a strong technical aptitude.
• Analytical Skills
A business analyst’s skill set should include outstanding analytical skills so that a customer’s business needs are properly interpreted and translated into application and operational requirements. One aspect of the job is analyzing data, documents, user input surveys and workflow to determine which course of action will correct the business problem. Strong analytical skills are beneficial in performing the business analyst’s job successfully.
• Problem Solving Skills
While the ability to create workable solutions to business problems is not unique to business analysts, it is a necessary skill for performing the job successfully. As with most IT roles, the business analyst’s career may be spent dealing with frequent and random changes. When these professionals are working to developing custom business solutions, nothing is 100% predictable – so finding ways to quickly resolve problems and move toward a project’s successful completion is important in the business analyst’s role.
• Decision-Making Skills
Another important business analyst skill is the ability to make decisions. As a consultant to management and advisor to developers, the business analyst is called upon for sound judgment in a wide variety of business matters, any number of which could determine the viability of the business. Business analysts should be able to assess a situation, receive input from stakeholders, and select a course of action.
• Managerial Skills
Another skill a business analyst should possess is the ability to manage projects. Planning the project scope, directing staff members, handling change requests, forecasting budgets and keeping everyone on the project within allotted time constraints are just some of the management skills a business analyst should possess. Supervising projects of all sizes, from inception to implementation – and usually concurrently – can take a high degree of managerial skill.
• Negotiation and Persuasion Skills
A business analyst serves as a liaison between developers and users, clients and companies, and management and IT. Finding the balance between individual wants and business needs, and then interacting with a variety of personality types toward a solution that works for the business, takes professional persuasion skills. When competing for client projects, a business analyst’s negotiation skills come into frequent use, with the goal of achieving a profitable outcome for the company and a working solution for the client. Maintaining relationships within an organization and with external partners is an important function of a business analyst that require strong negotiation and persuasion skills.
• A successful business analyst takes core business skills and specialized knowledge that will advance a firm’s objectives, and contribute to its remaining competitiveness in a complex economy. These core skills include:
· Written and verbal communication, including technical writing skills
· Understanding of systems engineering concepts
· The ability to conduct cost/benefit analysis
· Business case development
· Modeling techniques and methods
Bachelor's degree in business or technical-related discipline, or equivalent work experience required, advanced degree preferred 8 - 10 years of experience in providing consulting advice to senior IT and business management required, experience in the securities or financial services industry is a plus.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
Primary Location: United States-New York-New York
Internal Jobcode: 45169
Job: Information Technology
Organization: Clearing Markets ISS Svcs Tech-HR16624
Requisition Number: 2004468