BACS Payments Business Analyst
Posted 1 day ago by Robert Walters
Negotiable
Inside
Hybrid
City of London, UK
Summary: The BACS Payments Business Analyst role at JP Morgan in London involves supporting the development of a new internal payments platform over an initial 9-month contract. The position requires a collaborative mindset and a strong understanding of payment schemes, particularly BACS, to enhance payment capabilities. The analyst will act as a subject matter expert, driving product development and ensuring compliance with regulations. This role offers the opportunity to work in agile teams and contribute to the optimization of payment processes.
Key Responsibilities:
- Act as the primary subject matter expert on payment schemes, leading integration efforts and ensuring seamless connections
- Drive the development and execution of the product roadmap, focusing on enhancing our payment capabilities in an agile manner
- Effectively gather business requirements and translate them into stories and acceptance criteria for both in-house and external engineering teams
- Stay up-to-date with the payment scheme developments and regulations, to design and build payments connectivity with future compatibility and compliance
- Optimise the payments platform performance to ensure speed, security, reliability, and scalability
- Support implementation and testing, including operational set-up and training where required
- Participate in defining operating model and procedures for management of the connected payment schemes
- Collaborate with Engineering, Controls etc. to ensure the right process flows, procedures, training materials, etc are in place in good time
- Assist with the running of Agile ceremonies, eg DSUs
- Serve as the day-to-day contact for all scheme related product queries, promptly addressing and escalating issues to management.
Key Skills:
- Experience working as a Business Analyst on UK payment schemes
- Strong working knowledge of BACS (BACS DD and BACS DC) payment scheme
- Knowledge of financial messaging eg scheme messages, ISO20022
- Strong understanding of payment operations
- Comfortable working with financial grade APIs
- Experience working with directly with clearing and settlement mechanisms (CSMs)
- Project Management/Delivery qualifications eg Agile
- Knowledge of the external/competitor landscape, key players (inc. banks, PSPs, fintechs, vendors), legislative environment (Open Banking, PSD2/3 etc)
Salary (Rate): undetermined
City: City of London
Country: UK
Working Arrangements: hybrid
IR35 Status: inside IR35
Seniority Level: undetermined
Industry: IT
BACS Payments Business Analyst - JP Morgan - London - 9 months contract - Hybrid - PAYE
We are seeking a BACS Payments Business Analyst to join JP Morgan in London on an initial 9 months contract to help with the development of a new internal payments platform.
Description
As a Business Analyst at JPMorgan Chase within the Payments technology team, you are the heart of this venture, focused on getting smart ideas into the hands of our customers. You have a curious mindset, thrive in collaborative squads, and are passionate about new technology. By your nature, you are also solution-oriented, commercially savvy and have a head for fintech. You thrive in working in tribes and squads that focus on specific products and projects - and depending on your strengths and interests, you'll have the opportunity to move between them.
Job Responsibilities:
- Act as the primary subject matter expert on payment schemes, leading integration efforts and ensuring seamless connections
- Drive the development and execution of the product roadmap, focusing on enhancing our payment capabilities in an agile manner
- Effectively gather business requirements and translate them into stories and acceptance criteria for both in-house and external engineering teams
- Stay up-to-date with the payment scheme developments and regulations, to design and build payments connectivity with future compatibility and compliance
- Optimise the payments platform performance to ensure speed, security, reliability, and scalability
- Support implementation and testing, including operational set-up and training where required
- Participate in defining operating model and procedures for management of the connected payment schemes
- Collaborate with Engineering, Controls etc. to ensure the right process flows, procedures, training materials, etc are in place in good time
- Assist with the running of Agile ceremonies, eg DSUs
- Serve as the day-to-day contact for all scheme related product queries, promptly addressing and escalating issues to management.
Required qualifications, capabilities and skills:
- Experience working as a Business Analyst on UK payment schemes
- Strong working knowledge of BACS (BACS DD and BACS DC) payment scheme
- Knowledge of financial messaging eg scheme messages, ISO20022
- Strong understanding of payment operations
- Comfortable working with financial grade APIs
Preferred qualifications, capabilities and skills
- Experience working with directly with clearing and settlement mechanisms (CSMs)
- Project Management/Delivery qualifications eg Agile
- Knowledge of the external/competitor landscape, key players (inc. banks, PSPs, fintechs, vendors), legislative environment (Open Banking, PSD2/3 etc)
*Please note that this role will initially be working on a hybrid model of 3 days office based, 2 days WFH moving to 5 days onsite in the future.*
We are committed to creating an inclusive recruitment experience. If you have a disability or long-term health condition and require adjustments to the recruitment process, our Adjustment Concierge Service is here to support you. Please reach out to us at (see below) to discuss further.
This position is being recruited on behalf of our client through our Outsourcing service line. Resource Solutions Limited, trading as Robert Walters, acts as an employment business and agency, partnering with top organizations to help them find the best talent. We welcome applications from all candidates and are committed to providing equal opportunities.
