The Role
The Payments Business Analyst gathers requirements, analyzes payment flows, defines API and integration specifications, and supports payment integrations with banks, gateways, and fintech partners. The role coordinates with product, engineering, compliance, and business stakeholders; documents transaction rules and reconciliation processes; supports testing and issue resolution; and ensures payment solutions meet regulatory, risk, privacy, and operational standards.
Summary Generated by Built In
This is a remote position.
The Payments Business Analyst will bridge business, product, compliance, and engineering teams to deliver secure, efficient, and scalable payment solutions. The role focuses on requirements gathering, payment flow analysis, integration support, and ensuring alignment with regulatory and operational standards.
Key Responsibilities
- Gather and document business requirements for payment products and solutions.
- Analyze end-to-end payment flows including collections, disbursements, and settlements.
- Define functional specifications for payment APIs and integrations.
- Work with Product Managers and Engineers to design payment system workflows.
- Support integration with banks, payment gateways, and fintech partners.
- Identify and document business rules for transaction processing and reconciliation.
- Assist in testing, UAT, and validation of payment functionalities.
- Ensure compliance with relevant payment regulations and standards.
- Support issue resolution related to payment processing and transaction failures.
- Collaborate with stakeholders to improve payment efficiency and user experience.
Required Qualifications
- Bachelor’s degree in Business, Finance, Computer Science, or related field.
- 3–6 years of experience as a Business Analyst, preferably in payments or fintech.
- Strong understanding of payment systems and digital financial services.
- Experience working in Agile environments.
- Ability to translate business needs into technical requirements.
- Strong analytical, documentation, and stakeholder management skills.
- Good understanding of system integrations and APIs.
Technical & Functional Expertise
- Financial regulations (AML, KYC, CBN guidelines, GDPR, etc.)
- Risk & compliance frameworks
- Regulatory reporting and audit processes
- Policy development and governance frameworks
- Data privacy and cybersecurity regulations
- Fintech and digital payments compliance
- Cross-border regulatory understanding
- Product compliance integration (working with engineering/product teams)
Skills Required
- Bachelor's degree in Business, Finance, Computer Science, or a related field
- 3-6 years of experience as a Business Analyst, preferably in payments or fintech
- Strong understanding of payment systems and digital financial services
- Experience working in Agile environments
- Ability to translate business needs into technical requirements
- Strong analytical, documentation, and stakeholder management skills
- Understanding of system integrations and APIs
- Knowledge of financial regulations, including AML, KYC, CBN guidelines, and GDPR
- Knowledge of risk and compliance frameworks
- Knowledge of regulatory reporting and audit processes
- Knowledge of policy development and governance frameworks
- Knowledge of data privacy and cybersecurity regulations
- Knowledge of fintech and digital payments compliance
- Understanding of cross-border regulatory requirements
- Experience integrating product compliance requirements with engineering and product teams
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The Company
What We Do
Black Financial Consulting Group (BFCG) is an execution-first technology consulting and delivery firm with offices in New York, Toronto, and Lagos, Nigeria. It helps organizations build, modernize, and scale digital products, enterprise platforms, cloud infrastructure, and AI solutions for regulated, high-stakes industries. Its four core service lines are New Product Development, Enterprise Software Solutions, Banking & Payments, and Cloud, AI & Infrastructure, serving Financial Services, FinTech, Healthcare, Telecom, Retail, Insurance, Energy, and Digital Assets & Blockchain clients, with proprietary products including KomKom Wallet and ISO 20022 transformation tools.
