Business System Analyst - Payment Messaging

145 King St W, Toronto, ON M5H 1J8, Canada ● 350 Albert St, Ottawa, ON K1R, Canada Req #305
Wednesday, August 31, 2022

Payments Canada is committed to providing a flexible, hybrid work environment to its employees that intentionally balances quality in-person connection with remote work. Our greatest asset is our people as we work together to make payments easier, smarter and safer for all Canadians. 

Payments Canada is committed to providing a flexible, hybrid work environment to its employees that intentionally balances quality in-person connection with remote work. Our greatest asset is our people as we work together to make payments easier, smarter and safer for all Canadians. 

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Get to Know Us
 
We are a unique organization at the centre of the payment ecosystem and Canadian economy. We are responsible for balancing and leading in an environment of multiple interests, ideas and to navigate industry-level challenges. We successfully navigate these challenges by adhering to a set of values that in themselves are tensions: Think Big + Act Responsibly, Be Ambitious + Raise the Team, Keep Momentum + Be Rigorous.  

In 2021, we cleared and settled more than 8 billion transactions, totaling $135 trillion, or $539 billion each business day.

This is where our country connects: https://www.youtube.com/watchv=nsvxucqX6dY 


|Our Culture 

We are a collaborative, diverse and passionate group of individuals. We work together to ensure we are supported in our work, make impactful contributions to the organization, and develop meaningful connections with colleagues and individuals in our ecosystem!


Come and join us - Where Payments Meets Purpose!  


|Summary

Payments Canada has launched a multi-year, multi-phase business transformational program: Modernization. This initiative focuses on aligning the needs of member institutions, users (consumer and business), and regulators with changes to Payments Canada’s core payments infrastructure and rules/policies to further enable the payments ecosystem in meeting the broader needs of users. A critical element of the modernization program is the adoption of ISO 20022 messages.

 Reporting to the Director, Information, Data Analytics and ISO, the ISO 20022 analyst is responsible for the development and maintenance of ISO 20022 standards for the payment systems.

 Responsibilities of the position include:

  • Subject matter expert on either high value or retail payment system messages standards;
  • Responsible for the development, implementation and testing of ISO 20022 for payment systems;
  • Participate in discussions with the application provider and system integrator related to development and testing of LYNX, and RTR ISO 20022 message standard;
  • Work closely with various operation teams on ISO 20022 related work;
  • Whenever needed, provide support for the ISO 20022 Message Development Group and assist with responding to member inquiries;
  • Monitoring and reporting on developments and changes in the industry related to ISO 20022 adoption within the global and domestic community.

Please submit your application by October 12, 2022. 

|What you’ll Do

  • Working in the ISO 20022 standards development team developing messaging standard documentations;
  • Work closely with high value and retail payment operation teams on any ISO 20022 related work;
  • Support the testing and implementation of the ISO 20022 standard in the modernized payment systems;
  • Work with stakeholders and project team to prioritize collected requirements;
  • Support discussion with the FIs around the ISO 20022 messaging;
  • Participate in ISO 20022 related working groups and workshops - taking minutes, working with the industry to resolve issues, provide for answers to inquiries;
  • Interfacing directly with Payments Canada core operations to identify changes to existing procedures, processes, and rules that will support the implementation of LYNX MX and RTR;

|Minimum Qualifications

  • Undergraduate degree in a relevant area (e.g., Business, Finance or Economics);
  • Business subject matter expertise in an ISO 20022 environment is desirable;
  • Minimum of 3 to 5 years of progressive experience in financial services or relevant industries;
  • Good knowledge of the payment functions (i.e., payment types, roles of direct and indirect parties, rules, and regulations);
  • Requirements gathering, and requirements documentation skills;
  • Occasional travel will be required between Toronto and Ottawa (following the removal of Covid-19 restrictions).

|Preferred Qualifications

  • Strong understanding of ISO 20022 messaging standard, formatting and structure;
  • Experience with financial messaging standards, such as SWIFT MT;
  • Experience with APIs, JSON and XML;
  • Knowledge of business analysis methodologies and principles;
  • Knowledge and understanding of the Canadian financial system, the payments industry, and Payments Canada;
  • Experience in cash management solutions.

|Salary Range

  • Based on qualifications and experience: 71,000.00- 95,500.00

|Payments Meets Purpose - What you can expect from us 

  • Flexible hybrid (remote/office) environment;
  • Competitive compensation package, including annual variable bonus and defined contribution pension plan with employer matching percentage (if eligible);
  • Comprehensive health and dental benefit coverage, including mental health coverage, life insurance and a health spending account for you and your dependents (Permanent and temporary employees with contracts 12 months & over);
  • Paid time off: minimum three weeks paid vacation, sick and personal days, December Holiday Shutdown and Cultural Holiday Observance Days;
  • 26 Weeks of paid maternity and parental leave top-up; 
  • Rewards and recognition program;
  • Access to Office Gym Facilities;
  • Internal and external professional development opportunities;
  • Fun team and organizational events;
  • Bi-Weekly All Staff Forums led by our Executive Leadership Team.


|Our Diversity, Inclusion and Equity Commitment

At Payments Canada, we are committed to making everyone feel they can be themselves and thrive at work. We will continue to build on a foundation of respect and appreciation for diversity in all forms and collectively create an inclusive and equitable culture where our differences are valued.

We are committed to employment equity and actively encourage applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation by emailing hrinfo@payments.ca

We thank all applicants for their interest in this opportunity. Preference will be given to Canadian citizens and permanent residences. Only selected candidates will be contacted for an interview.


Other details

  • Pay Type Salary
  • Min Hiring Rate $71,000.00
  • Max Hiring Rate $95,500.00
Location on Google Maps
  • 145 King St W, Toronto, ON M5H 1J8, Canada
  • 350 Albert St, Ottawa, ON K1R, Canada