Cognizant

Senior Consultant, Payment Services

Cognizant • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-8 years in payments technology or financial messaging as BSA, Technical Analyst, or Systems Analyst
  • Expertise in SWIFT MT messages and ISO 20022 schemas, including CBPR+ guidelines
  • Strong background in ISO 20022 data mapping and transformation logic
  • Proficient in XML/XSD, XPath, and XSLT for message specifications
  • Experience with integration logic for payment middleware and platforms
  • Strong SQL skills for data analysis and requirement verification
  • Experience designing APIs and message queues in payment ecosystems

Responsibilities

  • Elicit and document technical and functional requirements for ISO 20022 initiatives
  • Perform element-level data mapping for SWIFT MT to ISO 20022 MX messages
  • Conduct technical gap analysis across payment platforms and systems
  • Define system behavior for MT/MX coexistence scenarios
  • Support end-to-end delivery through interface specification and testing

Benefits

  • Hybrid work model flexibility
  • Support for healthy work-life balance through wellbeing programs
  • Clear communication on changing role expectations based on project requirements
Full Job Description
About the role

As a Senior Consultant in Global Payments (ISO 20022), you will make an impact by driving analysis, specification, and documentation to support engineering teams delivering solutions for SWIFT MT-to-MX migration, ISO 20022 processing, and integration across payments ecosystems. You will be a valued member of the Capital Markets team and work collaboratively with engineering teams, payment platform stakeholders, and compliance systems.

In this role, you will:
  • Elicit and document technical and functional requirements for ISO 20022 initiatives, translating CBPR+ guidelines and message definitions into detailed specifications
  • Perform element-level data mapping between SWIFT MT and ISO 20022 MX messages, defining transformation rules, conditional logic, and exception handling
  • Conduct technical gap analysis across payment platforms, middleware, and downstream systems to identify required changes and new components
  • Define system behavior for MT/MX coexistence scenarios including truncation, character conversion, structured mapping, and fallback logic
  • Support end-to-end delivery through interface specification, testing, defect triage, standards evaluation, and collaboration with screening and monitoring platforms

Work model - Hybrid

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role's business requirements, this is a hybrid position requiring time in a client or Cognizant office. Regardless of your working arrangement, we are here to support a healthy work-life balance through our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you're engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

What you must have to be considered
  • 5-8 years of experience as a BSA, Technical Analyst, or Systems Analyst within payments technology or financial messaging
  • Expert knowledge of SWIFT MT messages (MT103, MT202, MT202COV, MT199, MT900/910, MT950) and ISO 20022 schemas (pacs, camt, pain) including CBPR+ guidelines
  • Strong experience with ISO 20022 data mapping, including transformation logic, conditional rules, and exception handling
  • Proficiency with XML/XSD, XPath, and XSLT for message interpretation and transformation specification
  • Experience defining integration logic for payment middleware and platforms (e.g., Volante, Bottomline, Axway, IBM MQ, Kafka, SWIFT Alliance)
  • Strong SQL skills for data analysis, validation, and requirement verification
  • Experience designing APIs, message queues, and file-based integrations within a payments ecosystem
  • Familiarity with SWIFT infrastructure (FIN, FINplus, InterAct, FileAct) and correspondent banking models

These will help you succeed
  • Experience working with sanctions screening and transaction monitoring platforms from an integration perspective
  • Knowledge of regulatory frameworks including travel rule (31 CFR 1010.410), FATF Recommendation 16, and OFAC screening requirements
  • Experience modeling end-to-end payment flows using sequence diagrams, data flow diagrams, and state transition diagrams
  • Ability to support testing, defect triage, and release cycles for SWIFT SR and ISO 20022 initiatives
  • Strong collaboration skills to work across engineering, compliance, and payment platform teams

We're excited to meet people who share our mission and can make an impact in a variety of ways. Don't hesitate to apply, even if you only meet the minimum requirements listed. Think about your transferable experiences and unique skills that make you stand out as someone who can bring new and exciting things to this role.

About Cognizant

TriZetto is Powering Integrated Healthcare Management. With technology solutions touching more than half the U.S. population today, TriZetto is uniquely positioned to drive the convergence of core benefit administration, care management and constituent engagement. TriZetto provides premier information technology solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers.

Cognizant Careers

Join the vibrant team at Cognizant, a leading provider of information technology, consulting, and business process services. Cognizant is not just a company; it's a community where innovation, leadership, and diversity are valued and where every team member is encouraged to thrive.

Work You’ll Do

At Cognizant, we are dedicated to helping the world's leading companies build stronger businesses — not just for today but for the future. This commitment to growth and sustainability is what makes Cognizant a unique place to advance your career.

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Whether you're looking for an entry-level position or a more senior role, Cognizant offers a plethora of job opportunities that could be perfect for you. Our hiring process is designed to be transparent and engaging, ensuring that every candidate is able to showcase their skills and potential fully.

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Join a team where innovation is at the core of everything we do. Cognizant’s professionals are not just part of a company; they're part of a groundbreaking environment that combines technology, insights, and leadership to foster innovation across global industries.

Internship Programs

Kickstart your career with Cognizant’s internship programs. These opportunities allow you to gain hands-on experience, develop your professional skills, and network with experts in your field. An internship at Cognizant is a stepping stone to full-time employment and a chance to see how your studies apply in the real world.

Professional Growth and Development

Cognizant is committed to the professional growth of its employees. With access to cutting-edge training, leadership programs, and diversity initiatives, you can build a career that’s equipped for the demands of tomorrow’s business landscape.

Benefits and Culture

Our employees enjoy a range of benefits designed to support their physical, financial, and emotional well-being. Cognizant’s culture is built on a foundation of respect and inclusivity, where everyone’s contribution is valued. Join us and be part of a team that celebrates diversity and is driven to make a positive impact on the world.

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Enhance your career prospects at Cognizant through our robust networking events. Prepare your resume, sharpen your interview skills, and connect with leaders across the industry to unlock new career paths. At Cognizant, we don’t just offer jobs; we offer career journeys. Be part of a team that’s committed to your long-term career growth and professional development. Join Cognizant today and be a part of our success story.
Learn more about Cognizant
Size
340,400 employees
Market Cap
$28.7 billion
Industry
Information Technology
Net Income
$1.3 billion
Founded
1994
5 Year Trend
+6.5%
Revenue
$16.6 billion
NASDAQ
CTSH
* Ladders Estimates

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