Business Analyst - Wires Channel in Payments Processing

JR1032451 Business Analyst - Wires channel in payments processing Charlotte, NC (Need Onsite day 1, hybrid 3 days from office). Position tyPe: W2 contract We are seeking a detail-oriented Business Analyst with expertise in Wires payment processing, specifically in MTS application, FedWire, and RTP file formats. The ideal candidate will have a strong background in financial transactions, data analysis, and reconciliation processes. This role will involve collaborating with cross-functional teams to enhance payment systems and ensure accuracy in financial reporting. Responsibilities • Requirements Gathering: Work with stakeholders to gather and document business requirements related to payment processing and reconciliation. Analyze existing payment processes and identify areas for improvement. • Payment Systems Analysis: Evaluate and support the implementation of ACH, FedWire, and RTP file formats. Conduct analysis of transaction data to identify trends, patterns, and discrepancies. • Reconciliation: Develop and maintain reconciliation processes to ensure the accuracy of payment transactions. Identify and resolve any discrepancies in payment records. • Documentation: Create and maintain comprehensive documentation for business processes, requirements, and system specifications. Develop user manuals and training materials for new systems or processes. • Collaboration: Collaborate with IT, finance, and operations teams to design and implement payment solutions. Act as a liaison between business units and technical teams to ensure alignment on project objectives. • Testing and Validation: Participate in system testing and validation activities to ensure payment processing systems meet business requirements. • Assist in user acceptance testing (UAT) and provide support during the implementation phase. • Reporting: Generate regular reports on payment processing performance and reconciliation status. Analyze and present findings to management and stakeholders. Requirements • 7+ years of experience as a Business Analyst, preferably in the financial services or payments industry. • Strong knowledge of Wires channel in payments processing, ACH, FedWire, and RTP file formats. • Candidate should have very strong domain knowledge of Wires and also good understanding of the MTS application. • Experience working in Agile environments and familiarity with Agile methodologies (Scrum, Kanban). • Proficient in data analysis tools and techniques (e.g., Excel, SQL, JIRA). • Excellent communication and interpersonal skills. • Strong problem-solving abilities and attention to detail. • Ability to work independently and in a team-oriented environment.