Job Openings PAYMENT SME – PAYMENTS MODERNIZATION

About the job PAYMENT SME – PAYMENTS MODERNIZATION

FuntoNetwork IT Consulting
Empowering Businesses with Innovative IT Solutions

Position: Payment SME – Payments Modernization
Department: Payments & Financial Services Consulting
Locations: Edison, NJ OR Charlotte, NC (Hybrid – 3 days onsite per week)
Type: Contract, Full‑Time (40+ hours/week)
Reports To: Engagement Manager (FuntoNetwork) / Client Program Director
Domain: Fedwire, CHIPS, SWIFT, ISO 20022, Real‑Time Payments, Payment Platforms

Regional Strategy: Eastern USA Payments Corridor

This role is critical to FuntoNetworks growing Payments practice, serving a premier financial services client with major operations in Edison, NJ and Charlotte, NC. Both locations are strategic hubs for wholesale banking, wire transfer systems, and international payments. We are seeking a subject matter expert with deep domain knowledge of Fedwire, CHIPS, SWIFT, and ISO 20022 to lead business and technical analysis, requirements definition, and solution design for a large‑scale payments modernization program.

Location Requirements:

  • Edison, NJ: Must reside within reasonable daily commute to Middlesex County, NJ.
  • Charlotte, NC: Must reside within reasonable daily commute to Uptown / SouthPark.
  • Hybrid: 3 days onsite per week, 2 days remote.

Why These Locations?

  • Edison: Home to major wholesale banking operations, wire transfer processing centers.
  • Charlotte: Second‑largest banking center in the U.S.; deep concentration of payments expertise.
  • Both sites offer direct access to client stakeholders, business users, and technology teams.

About FuntoNetwork

Our Payments & Financial Services Consulting practice helps clients navigate the complex landscape of payments modernization, regulatory compliance, and technology transformation. We bring deep domain expertise in wire transfers, clearing and settlement, ISO 20022 migration, and real‑time payments. In this client‑dedicated role, you will act as a trusted advisor, bridging the gap between business strategy and technical implementation.

Position Overview

We are seeking a Payment SME with extensive experience in wholesale payments, wire transfers, and international messaging standards to lead strategic planning and roadmap definition for a major payments modernization initiative. You will conduct business and technical analysis for Fedwire, CHIPS, and SWIFT systems, define requirements, map processes, and design solutions. You will be the go‑to expert for ISO 20022, validation rules, exception handling, and platform rollouts. This role requires strong stakeholder management skills and the ability to produce high‑quality documentation (BRDs, FSDs, process maps, training materials).

Key Responsibilities

  • Strategic Planning: Define the modernization roadmap for legacy payment platforms; align with clients business goals and regulatory deadlines.
  • Business & Technical Analysis: Analyze existing Fedwire, CHIPS, and SWIFT messaging flows; identify gaps and opportunities for optimization.
  • Requirements Definition: Elicit and document business requirements, functional specifications, and non‑functional requirements (performance, security, availability).
  • Solution Design: Collaborate with architects and developers to design API‑driven, microservices‑based payment platforms.
  • ISO 20022 Expertise: Lead ISO 20022 migration efforts; define message mapping, validation rules, and exception handling workflows.
  • Platform Rollouts: Support QA, parallel runs, and production cutovers; coordinate with business operations and technology teams.
  • Stakeholder Management: Interface with business, operations, compliance, and technology stakeholders; facilitate workshops and review sessions.
  • Documentation: Produce clear, comprehensive BRDs, FSDs, process maps, use cases, and training materials.
  • Agile SDLC: Work within an Agile framework; participate in sprint planning, backlog grooming, and demos.

Required Qualifications & Skills

Experience: Minimum 12 years of experience in payments technology, with at least 8 years focused on wholesale payments, wire transfers, and international messaging.

Domain Expertise:

  • Fedwire: Deep understanding of Fedwire Funds Service, message formats (Fedwire 2010–2022), and business rules.
  • CHIPS: Extensive knowledge of CHIPS messaging, settlement, and participant procedures.
  • SWIFT: Expert in SWIFT MT and MX messages (MT 103, 202, 205, 910; MX pacs, camt, pain); familiarity with SWIFTNet, GPI, and FIN.
  • ISO 20022: Proven experience in ISO 20022 migration; understanding of message components, business process, and implementation guidelines.
  • Real‑Time Payments: Knowledge of RTP, FedNow, or similar instant payment schemes.
  • Payment Platforms: Experience with payment hubs, message transformation engines, and fraud detection systems.

Methodological Skills:

  • Business process modeling (BPMN, UML).
  • Requirements management (Jira, Confluence, IBM DOORS).
  • Agile / Scrum experience.
  • Strong analytical and problem‑solving skills.

Soft Skills:

  • Exceptional written and verbal communication.
  • Ability to influence without direct authority.
  • Collaborative, team‑oriented mindset.
  • Comfortable presenting to senior leadership and large groups.

Education: Bachelors degree in Finance, Business, Computer Science, or related field; Masters degree preferred.

Preferred Qualifications

  • Experience with cloud‑native payment platforms (AWS, Azure, GCP).
  • Knowledge of fraud prevention and risk controls in payments.
  • Familiarity with NACHA rules, PCI DSS, and DFS 500 regulations.
  • Experience with AI/ML applications in payments (fraud detection, analytics).
  • Previous consulting or client‑facing advisory roles.

Why Join FuntoNetwork?

  • High‑Impact Program: Play a central role in a multi‑year, enterprise‑scale payments transformation.
  • Domain Leadership: Be recognized as the payments expert on a premier client account.
  • Strategic Influence: Shape the future of the clients payment platforms and operating model.
  • Collaborative Culture: Work alongside top payments technologists and business leaders.
  • Compensation: Top‑of‑market hourly rate and benefits.

Compensation & Benefits

  • Hourly Rate: $80 – $105/hour (W2), commensurate with experience and domain expertise.
  • Weekly Payroll with direct deposit.
  • Benefits Package: Medical, dental, vision, 401(k) with match, paid holidays, accrued sick leave.
  • Commuter Benefits: Pre‑tax transit/parking for onsite days.

Application Process

To apply, please submit:

  1. Resume detailing 12+ years of payments experience, with explicit emphasis on Fedwire, CHIPS, SWIFT, ISO 20022.
  2. Cover letter addressing: Describe your experience leading a large‑scale payments modernization or ISO 20022 migration. What were the key challenges, and how did you engage stakeholders?
  3. Current location and onsite availability confirmation.
  4. HackerRank readiness confirmation (analytical assessment may be required).

Submit your complete application package to:
Samuel Andoh | Account Manager
Email: samuel.andoh@funtonetwork.com
Subject Line: Payment SME – [Your Name] – [Location: Edison/Charlotte]

Visa Status: No H1B sponsorship available. Must be U.S. Citizen, Green Card holder, or possess unrestricted work authorization (W2/Independent Consultant only).

Interview Process (Mandatory):

  1. HackerRank Assessment – Domain‑focused analytical assessment. FIRST STEP.
  2. TP1 – Panel Interview – Domain deep dive (60 min, video).
  3. TP2 – Prep Call – Customer discussion readiness review.
  4. Customer Interview – Panels available to close same day.

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