Position: Business Analyst – Cloud Modernization (Banking & Payments) Location: Troy, MI - Hybrid Type of hire: Direct W2/ FTC Project: Payment Hub – need candidates from Banking domain only. 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. 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, GCP). 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.