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Job Title: Business Analyst - SWIFT
Location: Navi Mumbai - Airoli
Department - Information Technology
Experience: 5 - 10 Years
Job Summary: The primary objective is to shape and deliver strategic initiatives on cross‑border payments, SWIFT MT/MX, and ISO 20022 migration, ensuring business value, compliance, and operational resilience. The role is
typically, senior (5 – 10 years), with responsibility for requirements strategy, scheme/vendor coordination, and senior‑management communication on SWIFT programmes.
• Define and own the SWIFT/ISO 20022 change roadmap: MT–MX migration, new scheme features, cross‑border product enhancements, and integration with fraud/sanctions/compliance systems.
• Lead requirements elicitation anddocumentation (BRD/FRD, user stories, use cases, as‑is/to‑be flows) for SWIFT
MT/MX messages, payment engines, and upstream/downstream systems.
• Own business analysis for SWIFT MT/MX and ISO 20022 initiatives, from discovery through implementation and post‑go‑live stabilization.
• Lead requirement workshops with Operations, Business, Compliance, Risk, Treasury, and IT; produce BRDs/FRDs,
user stories, and end‑to‑end process flows.
• Perform MT–MX mapping and gap analysis, documenting impacts on channels, payment hub, core banking, sanctions/fraud, and reconciliation systems.
• Contribute to solution design with architects and vendors for SWIFT connectivity, payment engines, and downstream integrations.
• Define business acceptance criteria, support test case design, review results, and sign‑off business functionality
and data quality (including enriched ISO 20022 data).
• Support incident and change management for SWIFT/ISO 20022 scope, including root‑cause analysis, remediation requirements, and stakeholder communication decks.
• Track scheme and regulatory changes related to SWIFT and ISO 20022 and maintain an impact/requirement register and roadmap.
• Strong understanding of end‑to‑end cross‑border payment lifecycles, cut‑offs, charges, investigations/returns, and compliance touchpoints (AML, sanctions, fraud).
• Hands‑on experience mapping MT to MX, working with pacs/pain/camt messages, and handling co‑existence/migration windows.
• Proven ability to run workshops, negotiate priorities, manage backlogs, and present to senior management/steer‑cos on scope, risks, and timelines.
• Strong documentation, process modelling, and analytical skills, including as‑is/to‑be, data mapping, and
traceability matrices.
• Proficiency with BA toolset: process modelling (BPMN), data mapping, user stories/backlog management, and
traceability.
• Excellent communication skills with demonstrated experience presenting to senior management and external
stakeholders.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Business Analyst at IDFC FIRST Bank.
This role requires around 5-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.