Business Analyst (Payments) Full Time

About RedCompass Labs:

We are global experts in payments modernization, using the latest applied AI and deep payments expertise to deliver end-to-end payment transformation projects. Our solutions help clients accelerate their payments modernization programs while reducing costs and regulatory risk.

The RedFlag Accelerator sets the industry standard for detecting human trafficking related crime, assisting both financial institutions and law enforcement. Using a persona-oriented approach, it identifies the actors behind transactions, including victims, money-laundering professionals, perpetrators, and others. By combining AI, the latest red flags, crime models, and OSINT data, our system helps detects crimes across labor, sex trafficking and child sexual exploitation.

With offices in London, Warsaw, Brussels, Miami, Toronto, and Pune, we support clients worldwide.

To learn more about RedCompass Labs and our services, visit www.redcompasslabs.com.

Role Description

This role is to join the SME team within RedCompass Labs specialized in payment implementation and change programs. The Payments Business Analyst will support banks using his or her deep understanding of global payments processing and payment eco-systems.

As part of the role the Payments Business Analyst expert will fulfil following tasks:

• Provide overall payments implementation expertise
• Identify and prioritize key stakeholders, engage and maintain good relationships
• Understand business situation and drivers for the project and clarify the objectives and scope of the work
• Develop and evaluate possible solution options and support business to select the solution that is most effective
• Translate the business needs into business and or functional requirements. Prepare Impact Analysis documentation, BRD’s, Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices
• For the requirements engineering and solution design, lead and/or participate in workshops to gather business requirements, review deliverables and secure stakeholder signoffs
• Define best practices for payment processing
• Provide clarifications, training and support to both’ RedCompass Labs customers and the internal RedCompass teams
• Review and recommend test approaches and test plans

Mandatory Requirements

Domain Knowledge:

• Strong knowledge of payment systems including payments architecture, payments processing systems, payments hubs
• Knowledge of payments schemes across domestic (e.g., FedWire, CHIPS, TCH-RTP, FedNOW, ACSS, Lynx, Interac, RTR) and international (e.g., SWIFT, SEPA)
• Strong hands on experience with one or more payments processing products like Finastra’s GPP product, FIS’ OPF product, Dovetail Payments Platform, ACI’s Payment Solution
• Understanding of various Clearing & Settlement Systems (e.g. Euro1, Step2, Target2, BACS)
• In-depth knowledge of API’s, SWIFT and/or ISO 20022 payment messages

BA Skills:

• Understand and be able to utilize key business analysis techniques in BA activities (SWOT, PESTLE analysis, BPM, Use Case Modelling, Data Modelling and Sequence Modelling)
• Good communicator with excellent meeting/workshop facilitation skills
• Be able to produce the project deliverables that are typically created as part of a payments implementation or payments transformation program (Functional specifications, Solution designs, Interface designs, Use cases, Requirements traceability matrices)
• Proven experience of designing and / or testing large scale payments applications
• Excellent English communication skills (written & spoken)

Optional Requirements

• International business analysis or/and project management certification
• Good project experience (full system development life cycle) and understanding of at least one key Payments areas
• Digital and Omnichannel Banking – Mobile/ Online/ Open Banking
• Alternative Payment Methods and Payments Innovation (e.g. Bitcoin, E-Wallets, Blockchain)
• Payments Regulation (e.g. PSD2 – Open Banking, AML regulations,…)
• Fraud detection and prevention in Payments
• Possibility to define and implement database queries and reports (SQL)
• Nice to have: Ability to speak French

What We Offer

Work that matters. Your infrastructure will power tools that help law enforcement agencies detect and disrupt human trafficking and child sexual exploitation. The solutions you build is not just serving financial institutions – it is protecting real people. We take that seriously, and we hope you will too.

A team that thinks differently. We hire brains, not bodies. You will work with people who use AI as a natural part of their daily workflow, who challenge assumptions, and who care deeply about the quality and impact of their work.

Competitive package:

• Up to 10% of annual salary performance bonus,
• Medical insurance for you and your family,
• 22 days annual holiday plus Public & Bank holidays,
• 5 days of full-paid Sick Leave,

Growth and development:

• Continuous learning budget and certification support
• Access to AI tools and a team that actively invests in staying ahead
• Career development support and regular performance reviews

RedCompass Labs is committed to promoting and supporting a diverse and inclusive workplace, ensuring fair and equitable treatment for all. This fuels innovation and enables us to work better together with each other and for our clients.