Thoucentric - Business Analyst - Payments Domain (4-8 yrs)

Business Analyst - Payments Domain

Description:

At Thoucentric, we work on various problem statements. The most popular ones are:

- Building capabilities that address a market need, basis our ongoing research effort.

- Solving a specific use case for a current or potential client based on challenges on-ground.

- Developing new systems that help be a better employer and a better partner to clients.

All of these need the best of minds to work on them day-to-day; and we do exactly that!

Your contribution to organization development is as important as outward facing consulting.

We are invested in both, employee growth and client success!

About the Role:

- We are seeking an experienced Business Analyst with 4-8 years of expertise in the payments domain.

- The ideal candidate will have a deep understanding of payment systems, including card-based transactions and backend processes such as settlement and reconciliation, preferably within Mastercard, Visa, or Amex ecosystems.

- This role requires a combination of business analysis, process optimization, and stakeholder management skills to deliver impactful payment solutions.

Key Responsibilities:

Gathering & Analysis:

- Collaborate with stakeholders to elicit, analyze, and document business and functional requirements for payment solutions.

- Conduct gap analysis between existing systems and business needs to recommend improvements.

Payments Process Expertise:

- Analyze and document end-to-end payment workflows, including authorization, clearing, settlement, and reconciliation processes.

- Work with teams to design solutions aligned with Mastercard, Visa, or Amex processes and industry standards.

Solution Design & Documentation:

- Translate business requirements into detailed functional and technical specifications for development teams.

- Create process flow diagrams, use cases, and data mapping documents to support solution implementation.

Stakeholder Management:

- Act as a liaison between business teams, technical teams, and external partners to ensure alignment on project objectives.

- Communicate effectively with senior stakeholders to provide updates, gather feedback, and manage expectations.

Testing & Validation:

- Support the creation and execution of test plans and test cases to validate the functionality of payment solutions.

- Collaborate with QA teams to ensure compliance with business requirements and industry standards.

Process Optimization:

- Identify inefficiencies in existing payment processes and recommend enhancements to improve performance, reduce costs, and ensure compliance.

- Support the implementation of automation and digital transformation initiatives within the payments ecosystem.

Requirements:

Required Qualifications:

- Bachelor's degree in Computer Science, Information Technology, Finance, or a related field.

- 4-8 years of experience in the payments domain, with a strong understanding of card payment systems and backend processes.

- Familiarity with Mastercard, Visa, or Amex systems and standards.

Preferred Skills & Competencies:

- Knowledge of payment gateways, transaction processing, and settlement workflows.

- Strong understanding of regulatory compliance requirements such as PCI-DSS.

- Experience with tools like MS Visio, Lucidchart, or equivalent for process mapping.

- Familiarity with Agile methodologies and tools like Jira or Confluence.

- Technical knowledge of APIs, data formats (JSON, XML), and system integrations is a plus.

Benefits What a Consulting role at Thoucentric will offer you?

- Opportunity to define your career path and not as enforced by a manager

- A great consulting environment with a chance to work with Fortune 500 companies and startups alike.

- A dynamic but relaxed and supportive working environment that encourages personal development.

- Be part of One Extended Family. We bond beyond work - sports, get-togethers, common interests etc.

- Work in a very enriching environment with Open Culture, Flat Organization and Excellent Peer Group.

- Be part of the exciting Growth Story of Thoucentric!

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