About The Company

Kumaran Systems, established in 1992, is a leading provider of enterprise transformation solutions dedicated to helping organizations modernize their legacy systems and adopt innovative technologies. With over 34 years of experience, Kumaran Systems specializes in re-engineering core applications, driving cloud migration, and developing automation-first, GenAI-enabled ecosystems across diverse sectors including Banking and Financial Services, Insurance, Telecom, and Automotive. The company's mission is to bridge the past and future of enterprise technology, enabling clients to reimagine possibilities and stay ahead in a rapidly evolving digital landscape.

Kumaran

Systems is committed to delivering engineering excellence, fostering innovation, and building future-ready solutions that empower organizations to operate more efficiently, securely, and competitively.

About The Role

We are seeking an experienced Business System Analyst with a solid background in Payments Domain to support enterprise payments technology initiatives for a leading banking client. The ideal candidate will possess a comprehensive understanding of payment processing systems, including ACH/EFT, Real-Time Payments, SWIFT, and ISO 20022 standards. The role involves eliciting, analyzing, and documenting complex business requirements, translating them into functional and technical specifications, and collaborating closely with cross-functional teams to ensure successful project delivery.

The Business System

Analyst will play a critical role in supporting payment system enhancements,



integrations, regulatory compliance, and testing activities, including User Acceptance Testing (UAT) and production deployment. This position offers an excellent opportunity to work on cutting-edge payment technologies within a dynamic and creative environment, contributing to the modernization of financial services infrastructure.

Qualifications

- Minimum of 8 years of experience as a Business or System Analyst in the banking or financial services industry
- Strong expertise in Payments Technology, including ACH/EFT, Real-Time Payments (RTP), SWIFT, and ISO 20022
- Proven experience in gathering and documenting business and system requirements
- Excellent stakeholder management and communication skills
- Hands-on experience with cross-border and domestic payment processing systems
- Experience working in Agile/Scrum environments is preferred
- Knowledge of regulatory requirements related to payments and financial transactions
- Bachelor’s degree in Business Administration, Information Technology, Finance, or related field; advanced certifications are a plus

Responsibilities

- Elicit, analyze,



and document detailed business and system requirements for payment processing solutions
- Translate business needs into comprehensive functional and technical specifications
- Collaborate closely with Product Owners, development teams, and business stakeholders to ensure alignment and clarity
- Support and facilitate payment system enhancements, integrations, and regulatory compliance initiatives
- Participate actively in testing phases, including system testing, User Acceptance Testing (UAT), and production deployment activities
- Assist in troubleshooting, issue resolution, and continuous improvement of payment systems
- Maintain up-to-date knowledge of industry trends, standards, and best practices in payments technology
- Ensure all project deliverables meet quality standards and adhere to regulatory requirements

Benefits

- Competitive salary and performance-based incentives
- Comprehensive health insurance coverage
- Opportunities for professional development and certification
- Flexible working arrangements and work-life balance initiatives
- Collaborative and innovative work environment
- Participation in cutting-edge financial technology projects

Equal Opportunity Kumaran Systems is an Equal Prospect Employer and does not discriminate on the basis of race, ethnicity, religion, sex, national origin, age, veteran status, disability, genetic information, or any other protected characteristic. We are committed to fostering an inclusive environment where all employees are valued and empowered to contribute to our shared success.

📌 Business Analyst, System (Ontario)
🏢 Sundayy
📍 Ontario