Senior Payments Business Analyst (SAP IDoc ?ISO 20022 Migration)- Global Consulting
Location: New York, USA
Work Model: Hybrid ? 3 days per week onsite at the New York client location; 2 days remote.
Note: The working arrangements for this role are accurate as of the date of posting. They may change based on business or client needs. We will always be clear about role expectations.
About Cognizant Consulting
Cognizant Consulting is a global community of experts who help clients reimagine their business and modernize core systems. We blend deep industry knowledge with technology advisory to deliver data?driven, scalable transformation. Join us and help shape the future of payments modernization in Financial Services.
About the role
As a Senior Payments Business Analyst, you will play a critical role in delivering an enterprise?scale ISO 20022 migration, with a primary focus on SAP IDoc?based payment integrations. This role requires strong domain expertise in legacy payment formats, end?to?end payment processing, and field?level mapping across multiple integration channels.
In this role, you will
Analyze end?to?end payment processing workflows, including H2H and SWIFT channels.
Perform field?by?field mapping from SAP IDoc payment messages (e.g., PAYEXT, ACC_DOCUMENT, custom payment IDocs) to ISO 20022 message formats (e.g., pain.001, pacs.008).
Support Hybrid Address and CBPR+ structured/unstructured address compliance.
Translate business requirements into detailed mapping specifications, data dictionaries, and functional documentation.
Collaborate closely with SAP functional/technical teams, integration architects, and payments operations.
Troubleshoot complex IDoc data, mapping discrepancies, and transformation logic across environments.
Support SIT/UAT cycles, test execution, defect resolution, and production readiness activities.
What you must have to be considered
8?12+ years of experience as a Business Analyst in the payments domain.
Hands?on expertise with SAP IDoc payment formats (PAYEXT, ACC_DOCUMENT, custom IDocs).
Solid understanding of ISO 20022, CBPR+, and Hybrid Address requirements.
Experience with H2H and SWIFT file?based payment integrations.
Ability to work effectively with legacy or custom?built systems with limited documentation.
Strong communication, documentation, and stakeholder alignment skills.
These will help you succeed
Experience developing data dictionaries, canonical models, or mapping accelerators.
Familiarity with SAP add?ons, middleware/ETL tooling, or message?validation tools.
Background supporting payments modernization, regulatory compliance, or multi?entity transformation programs.
Ability to simplify complex concepts and communicate clearly with both technical and non?technical partners.
Work Authorization
Applicants must be legally authorized to work in the United States. Sponsorship is not available for this role.
Compensation & Pay Transparency (New York, USA)
Salary Range: $110,000 ? $130,000 USD annually, based on experience and qualifications. This role is eligible for Cognizant?s discretionary annual incentive program.
Benefits include: medical, dental, vision, 401(k), paid time off, and additional wellbeing programs.
Compensation decisions are based on various factors, including skills, experience, and market conditions. The posted range represents Cognizant?s good?faith estimate at the time of posting.
Equal Opportunity Employer
Cognizant is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all associates.
Apply By
February 28, 2026
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