Business Analyst

Job Requirements Job Title: Business Analyst - Remittance Location: Navi Mumbai - Airoli Department: Information Technology Experience: 5-10 years Job Summary We are seeking a skilled and analytical Business Analyst to support and drive remittance-related initiatives (both domestic and cross-border). The candidate will be responsible for gathering business requirements, defining payment and compliance workflows, and collaborating with internal and external stakeholders to build scalable, compliant, and customer-centric remittance solutions. Key Responsibilities Work closely with product managers, compliance, operations, and technology teams to define and document business requirements for new remittance features and enhancements. Analyze end-to-end remittance flows: Inward and Outward Remittances, P2P, B2B, and B2C payment models. Support integration with correspondent banks, MTOs (Money Transfer Operators), payment aggregators, or SWIFT gateways. Create detailed BRDs, FRDs, Use Cases, User Journeys, and Data Flow Diagrams. Ensure compliance with local (RBI, FEMA) and global regulatory requirements (FATF, OFAC, AML/KYC). Participate in testing (UAT, SIT) and validate product features meet business requirements. Support reconciliation, chargeback, and settlement workflows for remittance operations. Monitor transaction performance, TATs, and investigate drop-offs or failures. Track global remittance trends, regulatory updates, and competition benchmarking. Strong understanding of domestic and cross-border remittance processes, SWIFT, NEFT, RTGS, IMPS, UPI, or FX payment rails. Familiarity with compliance topics like AML screening, KYC, transaction monitoring, and sanction checks. Experience documenting business processes, rules, and APIs. Strong communication and stakeholder management skills. Hands-on experience with tools such as JIRA, Confluence, Excel, Postman (for API testing), and SQL (basic). Experience with platforms like SWIFT, Ripple, MoneyGram, Western Union, Wise, or any remittance systems. Understanding of mobile/web-based remittance solutions and customer onboarding. Exposure to remittance use cases like NRIs sending money to India, freelancers receiving foreign income, SME FX transfers, etc. Knowledge of ISO 20022 and XML/MT message structures. Educational Qualification (Fulltime) : Bachelor of Technology (B.Tech) / Bachelor of Science (B.Sc) / Master of Science (M.Sc) /Master of Technology (M.Tech) / Bachelor of Computer Applications (BCA) / Master of Computer Applications (MCA)