Business Analyst - Payments
The role involves mapping payment data between legacy formats and ISO 20022 schemas while creating detailed functional and business requirement documents. The analyst will collaborate with technology teams and SMEs to manage the payments lifecycle from initiation to reconciliation.
- Hybrid
- Toronto, ON
- Posted Aug 3, 2026
- Apply by Sep 2, 2026
- 1 position
Job summary
Iris's Direct client, a highly diversified financial services provider based in Canada is looking to hire a BSA – Payments for a Long Term Contract opportunity. Location: Hybrid in Toronto – 4 days in office Job Description/Skills Required : Strong hands-on knowledge of ISO 20022 payments message categories and structures (pacs, pain, camt, acmt). Experience on payments systems such as Wires, SWIFT, RTP, ACH, Cross-Border payments, or Real-Time payments. Strong expertise in mapping payments data between legacy formats (MT101, MT103, MT199 etc.) and ISO 20022 message schema. Experience creating BRD, FRD, Interface Specifications, Data Mapping documents, and traceability matrices. Strong understanding of payments lifecycle—initiation, authorization, settlement, returns, and reconciliation. Experience working with XML formats, schemas, and payment validation rules. Ability to collaborate with technology teams and functional SMEs, clarify ambiguities, and drive resolution.
What you’ll do
The role involves mapping payment data between legacy formats and ISO 20022 schemas while creating detailed functional and business requirement documents. The analyst will collaborate with technology teams and SMEs to manage the payments lifecycle from initiation to reconciliation.
Requirements
Candidates must have strong hands-on knowledge of ISO 20022 message categories and experience with payment systems like SWIFT, RTP, and ACH. Proficiency in creating technical documentation and working with XML formats is required.
Listed skills
- SwiftPreferred
- Business analysisPreferred
Other relevant skills
Identified from the job description. Confirm important requirements above.
- ISO 20022
- Payments Systems
- Data Mapping
- BRD
- FRD
- Interface Specifications
- Traceability Matrices
- XML
- SWIFT
- RTP
- ACH
- Cross-Border Payments
- Payment Lifecycle
- Settlement
- Reconciliation
- Business Analysis
Job areas
- Finance & Accounting
- Technology
- Consulting
- Data & Analytics
- Software
Additional details
- Minimum experience
- 5+ years
- Apply by
- Sep 2, 2026
- Posting language
- English
- Working hours
- 40 hours per week
- Office presence
- 4 days per week
- Seniority
- Mid-Senior level
- Application method
- Direct apply is available