Senior Business Analyst

The role is about: We are looking for a Senior Business Analyst to join our Core Banking team and drive the analysis of complex banking and payments initiatives across our platform. You will work across Product, Engineering, Finance, Operations, and Compliance to turn domain complexity into clear, structured requirements that support high-quality delivery in a regulated environment. This is a role for someone who understands how banking products really work beneath the surface — from payment flows and ledger logic to safeguarding, reconciliation, and operational controls. Location: Cyprus, onsite via employment contract; Portugal or Poland, remote via contractor arrangement Reporting to : Product Manager What you will do: Own requirements gathering, analysis, and documentation across core banking product domains, including accounts, payments, cards, FX, and fee management Define and document end-to-end payment flows across EU and UK schemes , including inbound, outbound, internal, rejected, returned, and recalled transactions Translate money movement, settlement, and accounting logic into functional requirements in close collaboration with Finance and Engineering Define requirements for banking settlement and correspondent account operations, including reconciliation, safeguarding, segregation of funds, and internal fund movements Convert regulatory and compliance obligations into actionable functional specifications and acceptance criteria, including areas such as KYC, AML, transaction monitoring, and licensing requirements Partner closely with Engineering on API design, system integrations, service dependencies, and solution design , bringing strong domain context into technical discussions Break down large initiatives into structured delivery artefacts, ensuring clear traceability from business need to implementation outcome Coordinate and support UAT , business validation, and stakeholder sign-off across Operations, Finance, Compliance, Product, and Engineering Identify gaps in operational processes and internal tooling, including client account management, fee configuration, transaction monitoring workflows, and exception handling Manage scope, dependencies, assumptions, and stakeholder alignment across multiple parallel workstreams What we need: 5+ years of experience as a Business Analyst in fintech, banking, or a PI/EMI environment , with direct experience delivering core banking or payments-related capabilities Strong knowledge of EU and UK banking domains , including multi-currency IBANs, correspondent banking, safeguarding and segregation of client funds, nostro account structures, and PI/EMI operating models Deep expertise in payment rails and transaction lifecycles, including SEPA (SCT, SCT Inst, SDD, returns, recalls), SWIFT, Faster Payments, BACS, and CHAPS Solid understanding of double-entry accounting , ledger logic, general ledger structures, Chart of Accounts, and journal flows in a regulated financial environment Ability to work credibly with Engineering on system architecture, API contracts, event-driven integrations, and service interactions Comfortable reading and interpreting API documentation, process flows, sequence diagrams, and technical specifications Strong business analysis toolkit, including process modelling, requirements decomposition, acceptance criteria writing, and structured documentation Excellent stakeholder management and communication skills, with the ability to align Engineering, Finance, Compliance, Operations, and Product around complex requirements and delivery trade-offs Nice to Have: Working knowledge of relevant regulatory frameworks and obligations, including AML/KYC, sanctions screening, transaction monitoring, GDPR, PSD2, and EMI-related controls in the EU and/or UK Experience working in environments with regulated money movement, safeguarding controls, and financial reconciliation processes Good delivery coordination skills across Agile and hybrid delivery models , including backlog refinement, dependency tracking, and cross-team planning The perks of being a payabl.er: Future-Proof Your Finances: Once you’ve passed probation, we’ll kickstart your Provident Fund to secure your future. Grow with Us: Annual Learning Budget for professional development (eligible after probation)—because your growth is our growth. Wolt Your Way Through Lunch: €150 monthly Wolt allowance to keep you fueled and happy. Stay Active Your Way: Enjoy a SportsBenefits membership giving you access to a wide variety of gyms and sports facilities to support your active lifestyle. Drive in Style: After one year with us, you may be eligible for a company car—performance and availability permitting. Park with Ease: Complimentary parking space just steps from the office, so your commute is as smooth as your workday. Max Out Your Downtime: 25 days of vacation + public holidays + 10 days of sick leave. Shop & Save: Exclusive local discount card + tickets for exciting events like Beonix, basketball games, and more. Speak Like a Local: Join free Greek language classes, twice a week, open to all team members. Celebrate Together: We bring colleagues from all offices together for unforgettable company celebrations. Global Collaboration & Events: Opportunities to participate in international company events and initiatives, connecting with colleagues from all regions and contributing to a truly global community The benefits listed above are for our Cyprus office location only, a list of benefits and contract type will be assessed subject to your location and discussed in the first interview with your Talent Acquisition Partner. Hiring Process: Step 1 – Thinking in Action (40 minutes) Your first conversation will be with our Talent Acquisition team. We'll explore your background, career journey, motivations, and overall fit for the role. As part of this discussion, you'll also complete a short technical screening that will be reviewed by our engineering team. This stage helps us understand both your experience and how you approach technical challenges. Step 2 – Build in Production (60–90 minutes) Meet with the Team Lead and technical experts for a practical assessment. Depending on the role, this may involve a live coding exercise or a real-world scenario designed to evaluate your technical skills, problem-solving approach, and ability to work through challenges similar to those faced by our teams. Step 3 – Final Interview (45 minutes) The final stage is a group interview with senior members of our Technology squad, which may include the CTO, CPO, and Team Lead. Together, we'll discuss team fit, collaboration style, expectations from both sides, and any remaining questions about the role, team, or technology domain. This is also an opportunity for you to learn more about our culture and ways of working. Let's embark on a journey to redefine the landscape of payments together. We're not just offering a role; we're inviting you to be a part of something bigger. Join our team, and let's innovate, disrupt, and lead the future of payments. Together, we can make an impact that resonates. Welcome to the team! Please review our Privacy Policy to understand how we process your personal data during the recruitment process: https://payabl.com/privacy-policy