via Career pages·3w ago
Business Analyst
IDFC First Bank
Full-timeOn-siteswiftremittance processingregulatory compliance
Location:Navi Mumbai, Maharashtra, IndiaType:Full-timePosted:3w ago
Job Requirements
Job Title: Business Analyst - Remittance
Location: Mumbai
Department: Information Technology
Experience: 5-10 years
Job Summary
We are seeking a skilled and analytical Business Analyst to support and drive remittance-related initiatives (both domestic and cross-border). The candidate will be responsible for gathering business requirements, defining payment and compliance workflows, and collaborating with internal and external stakeholders to build scalable, compliant, and customer-centric remittance solutions.
Key Responsibilities
- Work closely with product managers, compliance, operations, and technology teams to define and document business requirements for new remittance features and enhancements.
- Analyze end-to-end remittance flows: Inward and Outward Remittances, P2P, B2B, and B2C payment models.
- Support integration with correspondent banks, MTOs (Money Transfer Operators), payment aggregators, or SWIFT gateways.
- Create detailed BRDs, FRDs, Use Cases, User Journeys, and Data Flow Diagrams.
- Ensure compliance with local (RBI, FEMA) and global regulatory requirements (FATF, OFAC, AML/KYC).
- Participate in testing (UAT, SIT) and validate product features meet business requirements.
- Support reconciliation, chargeback, and settlement workflows for remittance operations.
- Monitor transaction performance, TATs, and investigate drop-offs or failures.
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