Business Analyst Cloud Modernization (Banking & Payments)

Position: Business Analyst Cloud Modernization (Banking & Payments)

Location: Troy, Michigan(Hybrid)

Project: Payment Hub need candidates from Banking domain only.

Type of hire: Contract W2

Job Description:

Required Skills & Experience

Experience:

• 5+ years as a Business Analyst in banking, payments, or financial services, with at least 2 years on cloud migration or modernization projects.
• Hands-on experience with payment systems (e.g., ISO 20022, SWIFT, SEPA, FPS, RTGS) and real-time/instant payments.

Technical Skills:

• Strong understanding of cloud concepts (e.g., SaaS, PaaS, IaaS) and modern cloud architectures.
• Proficiency in process modeling tools (e.g., Visio, UML), requirements management, and agile methodologies (Scrum/Kanban).
• Familiarity with data migration, integration patterns, and cloud-native services.

Analytical & Communication Skills:

• Excellent analytical, problem-solving, and documentation skills.
• Ability to communicate complex concepts to both technical and non-technical audiences.
• Strong stakeholder management and facilitation skills.

Education:

• Bachelor s degree in Business, Computer Science, Information Systems, or related field.

Preferred Qualifications

• Experience with large-scale core banking or payment system transformations.
• Knowledge of DevOps and CI/CD practices in cloud environments.
• Certifications in Business Analysis (CBAP, CCBA) or cloud platforms (AWS, Azure, Google Cloud Platform).

Key Attributes

• Proactive, detail-oriented, and results-driven.
• Adaptable to fast-paced, cross-functional project environments.
• Passion for leveraging technology to drive business transformation in banking and payments.

Key Responsibilities

• Requirements Gathering & Analysis
• Collaborate with stakeholders to elicit, document, and validate business and technical requirements for cloud migration and modernization of banking and payment platforms.
• Analyze current-state processes, identify pain points, and define to-be workflows leveraging cloud-native capabilities.
• Translate business needs into functional and non-functional specifications for cloud-based solutions.
• Process Mapping & Solution Design
• Create detailed process flows, business models, and user stories for payment and banking operations.
• Support the design of integration points between legacy systems and new cloud platforms, ensuring seamless transition and minimal business disruption.
• Compliance & Regulatory Alignment
• Ensure all solutions comply with relevant banking regulations (e.g., AML, GDPR, PCI DSS) and payment standards (e.g., ISO 20022, SWIFT, SEPA, RTGS).
• Prepare documentation and support audits as required.
• Stakeholder Management
• Serve as a liaison between business, IT, and third-party vendors, ensuring clear communication and alignment throughout the project lifecycle.
• Conduct workshops, demos, and walkthroughs with stakeholders to validate requirements and solutions.
• Testing & Implementation Support
• Develop test cases, support User Acceptance Testing (UAT), and validate that cloud-based solutions meet business expectations and regulatory standards.
• Track and resolve issues identified during testing and post-implementation.
• Documentation & Reporting
• Maintain comprehensive documentation, including business requirements, functional specifications, process flows, and change logs.
• Work closely with PO in the Discovery workshops to define outcomes
• Identify Pain Points and Gap Analysis
• Create RFP Document & Evaluation Criteria
• Manage RFP process with vendors
• Prepare Vendor Comparison Scorecard
• Final Recommendation & Roadmap
• Provide regular updates to project leadership on progress, risks, and mitigation strategies.