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Toronto, Ontario, Canada
IT Business Systems Analyst
IT Business Systems Analyst
About the role
Role: Business Analyst Location: Toronto, ON (Onsite) Duration: Contract
We are seeking an experienced Business Systems Analyst (BSA) on a contract basis to support payment application initiatives with a focus on wire processing, including SWIFT and Fedwire. The ideal consultant will bring strong functional expertise in ISO 20022 standards, payment message structures, and end to end wire processing workflows. This role partners closely with business stakeholders, technology teams, and external vendors to deliver enhancements, ensure compliance, and support ongoing operational needs.
Required Skills 3-8 years of relevant BSA experience in Payment Applications in banking or financial services. Strong knowledge of wire payments, including SWIFT MT/MX, Fedwire, and cross border payment flows. Hands on experience with ISO 20022 message standards and implementation guidelines. Ability to read and interpret XML, XSD, and payment message schemas. Experience with payment hubs, core banking systems, or treasury platforms. Ability to work independently in a fast paced, project driven environment.
Business & Functional Analysis Gather, analyze, and document business requirements for wire payment systems (SWIFT MT/MX, Fedwire). Translate business needs into functional specifications, user stories, and acceptance criteria. Evaluate existing payment workflows and recommend improvements to efficiency, compliance, and STP performance. Payments Systems Expertise Support system enhancements for wire processing applications. Analyze and interpret SWIFT MT/MX messages, Fedwire messages, and ISO 20022 schemas. Assist in ISO 20022 migration efforts, including message mapping and validation. Review and validate data transformations, message routing, and integration points. Project & Delivery Support Participate in payment modernization projects, regulatory updates, and system upgrades. Collaborate with cross functional teams including Operations, Compliance, Treasury, and Technology. Support UAT planning, test execution, and defect triage. Ensure all deliverables meet regulatory, security, and operational standards. Technical Collaboration Work with developers, architects, and QA teams to ensure solutions align with business requirements. Assist in troubleshooting production issues related to payment messages, routing, or settlement. Support API and middleware integrations used in payment processing.
Thank you Praveen praveen.s@themesoft.com
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About THEMESOFT
Dallas based, global IT Consulting and Creative Lab firm founded in Aug 2004, Themesoft is a leading provider of in house team, out of house team, or as a somewhere in between global partner. We manage client's information technology needs, refine and define clients digital strategy and create the digital media client's need to communicate their vision. Our success is measured in our client's successful realization of their vision and goals.
As a global IT Consulting and Creative Lab firm, we have the global perspective and the collaborative spirit. We take the time to understand our partner's culture, ideas and aspirations. This partnership approach allows us to take our partners farther than they ever dreamed possible.
Themesoft partners with all types of businesses from small bright idea start ups to industry leaders. Our portfolio of diverse and global companies teach us something new everyday.
Themesoft believes in constantly evaluating performance on every project and at the company level. We improve as we go and have committed to staying one step ahead of every curve. We truly believe that providing high level consultants and technology services requires that we maintain the same standards for ourselves.
We have 9 offices located in the United States, Canada, Singapore, and India.