Payments Analyst Job Description
Payments Analyst Duties & Responsibilities
To write an effective payments analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included payments analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Payments Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Payments Analyst
List any licenses or certifications required by the position: ISTQB, DSS, PCI, PMP, MBA, CBAP, QIR, PA, CFE, CCXP
Education for Payments Analyst
Typically a job would require a certain level of education.
Employers hiring for the payments analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Accounting, Education, Computer Science, Economics, Engineering, Business/Administration, Mathematics, Statistics
Skills for Payments Analyst
Desired skills for payments analyst include:
Desired experience for payments analyst includes:
Payments Analyst Examples
Payments Analyst Job Description
- Support the test execution as a first level to understand potential issues that are raised and make an assessment as to whether AD team needs to be involved
- Possess solid knowledge of the Payments business line including strategy, business plans
- Manage relationships with clients, brokers and internal stakeholders
- Processing of Cash Wire Payments/receipts within PTM portal and Swift Alliance
- Familiarity with ADP/Broadridge systems preferred but not required
- Perform internal Nostro control reconciliations and reporting of Fails to Management
- Query resolution for clients regarding clearing data and margin payments
- Analyze existing processes in terms of risk and control frame work, where appropriate make suggestions for improved processing
- Take ownership of issues, understand key systems and control points in order to capture potential issues, also liaise with IT and other stakeholders to resolve or escalate any issues/ errors etc
- Extensive payments experience
- Elicit requirements where at times they are not clearly defined
- Produce succinct detailed business requirements and functional requirements to a high standard and for multiple audiences
- Manage requirements and associated changes to the requirements through the project lifecycle
- Review of solution design to ensure it meets the business requirements
- Work with stakeholders and associated business units to reduce resistance and effect organisational change
- Build positive working relationships with key stakeholders across multiple levels of the organisation (senior executives to more junior staff) and multiple areas of the organisation (Product, Operations, Risk, Credit, IT, Regulatory, Finance & Treasury)
Payments Analyst Job Description
- Experience in credit cards is a plus
- Support individual tenders and pitches to target new and existing DEFT clients
- Work with sales team to agree DEFT penetration and revenue KPIs within established and new markets and develop scorecards to monitor ongoing business performance
- Assist with the ongoing development and roll-out of new product enhancements for the DEFT proposition
- Support internal readiness for implementation of real time payments in the form of the New Payments Platform (NPP), including internal readiness approvals and business case sign off
- Work across Banking & Financial services to monitor, maintain and improve risk and compliance with particular payments schemes (including PCI-DSS across credit / debit card issuing and acquiring) and payment operations
- Providing subject matter expertise to inform key decisions around the migration of payment systems across to a single payments hub
- Assume responsibility for a day-to-day relationships with major payment schemes and payment service providers (APCA, BPAY, FIS Global)
- A strong payments background
- Prior experience in the financial Services
- Should possess a proven track record of Business Analysis, Consulting, requirements gathering, analysis, design, UAT
- Experience of working as production Support Analyst for Payments applications
- 8 or more years of working experience in the Banking IT
- 5 or more years working in a business analyst or in a techno-functional role
- 3 years of Cash management/ Transaction banking experience
- Experience in industry file formats such as SWIFT FIN, ISO20022
Payments Analyst Job Description
- Strong experience writing documentation from a busines perspective
- Maintains up to date documentation on daily and monthly procedures documentation of issue resolution
- Monitor and evaluate Customer’s transactional behavior, taking immediate preventive measures to mitigate the risk of fraudulent and money laundering activity waged against the company
- Utilize detection tools to identify and action fraud or money laundering activities
- Adapt to a constantly evolving know your customer and money laundering methodology
- Act as a liaison with the Risk Analytics and Trust and Security teams regarding fraud patterns to mitigate risk
- Distinguish between high and low priority situations
- Ensure all AML and suspicious activities are recorded through various systems, partners and regulatory requirements
- Drive the day-to-day research and reconciliation of payments activity
- Investigate and resolve payments issues by collaborating with third party payment providers, internal partners and GCP – Technology team
- Excellent analytical, problem-solving, and solutioning skills
- Provide support for the initial design of new processes and/or the re-engineering of existing business processes
- Responsible for driving process re0engineering activities to improve customer experience, process efficiency and effectiveness
- Direct accountability to identify
- Provide input for and assist in the creation of project plans, work assignments, target dates
- 1+ Investment Banking Operations experience
Payments Analyst Job Description
- Document and implement payment standards and process updates
- Provide other invoice metric status reports to senior management across multiple functional areas on a weekly and monthly basis
- Troubleshoot issues with the invoice approval processing system and related systems, MIDAS, SAP, and Quantum, providing guidance and direction to payment specialist team members as necessary on resolutions when actions may not be defined or unclear
- Participate in reconciliation of contract budgets and facilitates meetings with Outsourcing & Clinical Program Development in order to request amendments for further payment processing
- Provide internal and external clients with seamless customer service and a consistent high level of quality work in processing of invoices for payment
- Create and facilitate quarterly monitoring of compliance for departmental payment activity to ensure that payments are being done properly and classified in Quantum correctly
- Ensure compliance with applicable Corporate and Divisional Policies and procedures by identifying and managing payment risks and issues and escalating compliance and financial challenges as appropriate
- Overall process improvements, change management and training for functional area
- Effectively collaborate with internal and external resources
- Perform daily bank account downloads
- 5 years+ of experience, having worked on complex assignments for Financial Institutions globally
- 2+ years Prime Brokerage experience
- Professional experience as a Business Analyst is a plus
- Previous experience working a business case
- BA / Senior BA
- Bachelor's degree in Business, Finance, Economics, Accounting or related coursework
Payments Analyst Job Description
- Run daily script to separate payments into manual and file groups
- Download and print all manual allocations sent to GPS mailbox
- Check that all funds received are sent to the correct payment channel
- Match funds received to manual allocations received
- Create the daily Standardized Allocation Template (SAT), which consists of all manual allocations received in .XLS and
- Convert, where necessary, any allocations that are received in .PDF format
- Manually key any allocations received via fax or unconvertable PDF
- Balance all allocations transferred to SAT against original allocations and funds received
- Prepare, validate and create SAT upload file
- Forward all funds received information to File desk for processing
- This person should be a subject matter expert in payments
- Advanced MS excels are preferable
- Some overtime work required as needed
- Minimal travel to GME/Cirro office in Plano, TX
- Must have Payments industry experience
- Advanced knowledge of business analysis, project delivery practices and standards across the project life-cycle