Kanishk Negi

Workstream Lead – ISO 20022 Migration | Forbes Top 20 U.S. Bank

• Led the Cross-Border Payments Workstream for the bank’s ISO 20022 migration, driving modernization of payment messaging standards and enhancing global interoperability across correspondent banking corridors.
• Authored detailed discovery documents to assess the existing payments landscape, enabling streamlined requirements gathering across Product, Technology, and Compliance teams.
• Delivered 100+ user stories for payment engine upgrades, core system enhancements, and modernization of the sanctions screening platform, directly supporting higher STP (Straight-Through Processing) rates and compliance automation.
• Conducted in-depth address remediation analysis across payment channels and core banking systems, recommending future-proof strategies to support ISO 20022 structured address formats and mitigate downstream impacts.
• Led knowledge transfer sessions with QA teams, ensuring accurate interpretation of ISO 20022 requirements, which accelerated testing cycles and improved defect traceability.
• Facilitated cross-functional stakeholder meetings to capture and formalize AML and sanctions upgrade requirements, enhancing the bank’s compliance posture and audit readiness.

Business Analyst – Payments Modernization Initiative
Forbes Top 10 U.S. Bank | Strategic Transformation Program

• Led an end-to-end assessment of the bank’s enterprise-wide payments ecosystem, identifying key pain points across legacy mainframe-based infrastructure, siloed payment channels, and compliance bottlenecks. Designed a target-state blueprint for a scalable, cloud-ready, and interoperable payment platform aligned with industry standards (ISO 20022, RTP, Fed Now, etc.).
• Accelerated legacy-to-modern transformation by applying proprietary Generative AI/LLM-based accelerators to extract and analyze complex business logic from legacy COBOL-based mainframe code. This resulted in a 20%+ reduction in business rules documentation effort and significantly shortened the discovery-to-design cycle.
• Evaluated and benchmarked COTS (Commercial-Off-The-Shelf) payment hub solutions, comparing features, integration flexibility, compliance readiness, and operational scalability. Facilitated a “build vs. buy” decision matrix and recommended an optimal solution mix, enabling executive buy-in and alignment across IT and business stakeholders.
• Defined the Target State Functional Architecture, mapping core payment capabilities (ACH, Wires, Cross-border, RTP) to modular components such as orchestration engines, compliance wrappers, and channel gateways. Provided a clear path to decouple critical services from mainframe dependencies.
• Designed phased Transition State Architectures and a detailed implementation roadmap, including prioritized product increments, high-level epics, and feature lists. Enabled structured delivery planning for agile execution across multiple internal and vendor-aligned teams.

• Executed settlement of payments via cheques and demand drafts efficiently.
• Reconciled returned cheque and demand draft charges with office and Clearing House accounts.
• Managed dispatch of returned cheques, addressing branch queries and customer escalations.
• Streamlined clearing processes for corporate clients, ensuring timely settlements within TAT.
• Prepared regulatory reports for accounts managed with Reserve Bank of India.

• Coordinated negative screening of incoming swift messages with AML team.
• Allocated forex funds to branches within turnaround time.
• Conducted follow-ups with branches and NOSTRO banks regarding unidentified funds.
• Compiled NOSTRO outstanding and reconciliation balance summary for audits.
• Prepared RBI fortnightly regulatory reports.
• Executed NOSTRO accounts reconciliation processes.
• Managed routing of swift messages efficiently.