Business Analyst – Payments Modernization

Business Analyst – Payments Modernization

Location: Toronto, Ontario (Hybrid – 4 days onsite)

Contract Duration: 12 months

Start Date: December 1, 2026

Extension: Possible

Schedule: Monday to Friday, regular business hours

Rate: $60-70/h (INC)

Position Overview

We are seeking an experienced Senior Business Analyst to support complex, enterprise-wide payments modernization initiatives within a leading financial services organization.

The successful candidate will play a key role in driving business analysis activities across transformational, cross-functional projects, working closely with business stakeholders, technology teams, operations, and governance partners.

This role is primarily business-focused and requires strong experience in requirements management, stakeholder engagement, process analysis, and payment modernization initiatives.

Key Responsibilities

• Lead end-to-end business requirements activities throughout the project lifecycle, ensuring alignment between business objectives, technology solutions, and operational needs.
• Collaborate with stakeholders across multiple lines of business, technology, operations, and governance teams to gather, analyze, document, and validate business requirements.
• Proactively identify and manage requirements-related risks, issues, assumptions, dependencies, and constraints.
• Facilitate stakeholder discussions, workshops, and requirements-gathering sessions to ensure business needs are clearly understood.
• Apply a variety of business analysis methodologies, tools, and techniques to support project delivery.
• Work closely with technology partners to translate business requirements into functional and system requirements.
• Contribute to change management activities, including stakeholder analysis, gap assessments, and change planning.
• Support quality assurance activities by contributing to test strategies, test plans, test scenarios, and defect resolution.
• Ensure business analysis deliverables adhere to established project governance, controls, and documentation standards.
• Support Agile and traditional project delivery methodologies as required.
• Share knowledge and best practices while contributing to a collaborative team environment.

Required Qualifications

• 8+ years of experience in business analysis, preferably within large, complex enterprise environments.
• Strong knowledge of business analysis methodologies, project delivery practices, and standards across the full project lifecycle.
• Proven experience delivering business requirements for complex, multi-stakeholder programs and projects.
• Experience working with various delivery methodologies, including Agile, iterative, and traditional project delivery approaches.
• 3–4+ years of experience within the banking or financial services industry.
• Strong understanding of banking payments, ideally including:
• Wire payments
• Electronic Funds Transfer (EFT)
• Electronic Data Interchange (EDI)
• Payment messaging and related processes
• Experience engaging with multiple business lines and cross-functional stakeholder groups.
• Strong data analysis and requirements documentation capabilities.
• Bachelor's degree or equivalent education.

Preferred Qualifications

• Recent experience supporting payments modernization initiatives.
• Direct experience within a financial institution, particularly in payments-focused roles.
• Knowledge of end-to-end payment processes and associated business capabilities.
• Experience with Agile business analysis and requirements delivery.
• Business analysis certification or professional accreditation.

Note: We use AI tools to: obtain basic information, detect plagiarism, false employment history or references, categorize your skills, and do an initial match with job posting.