Mayur Kumar Varshney
Ujjain
Summary
Systematic Product Owner/Business Analyst with a detail-oriented and thorough approach to defining requirements, outlining specifications and working with team members to bring to life high-quality products for customers. Good planner and problem solver with in-depth understanding of Payments (Swift, ISO20022 and ISO8583) products. Ready to offer 16 years of experience and take on a dynamic new position. Worked in systems and clearings like SEPA, Target, CHAPS, BACS, Faster payment. NPP, CHATS, MEPS, Fedwire, CHIPS, TIPS, OSKO etc. Seasoned Business Intelligence Analyst with background in converting complex data into actionable insights to drive decision-making processes. Skilled in analyzing trends, crafting detailed reports, and enhancing business operations through technology solutions. Demonstrated ability to work collaboratively across teams to implement improvements, leading to increased efficiency and productivity.
Overview
15
15
years of professional experience
Work History
Sr Business Analyst (Associate Director)
Banking Circle
Copenhagen
06.2024 - Current
- Supporting leadership team with reporting, analysis, and business presentations to inform divisional strategies
- Interacted with internal customers to understand business needs and translate into requirements and project scope
- Developed and maintained data warehouses and data marts to support business operations
- Developed and implemented data governance policies and procedures
- Identify the Risk and give the solution to mitigate
- Stakeholder Management and Roadmap decision
- Work closely with Operation and Developer for solution building
- Prioritizing Features and creation of Roadmap
- Facilitating Product Demos & Trainings to Stakeholders
- Documenting Use Cases
- Documenting Functional Specification Documents
- Creating User Story and task
- Understand the Problem Statement and provide customized Solutions to applications within the Globally Approved Design framework
- Stakeholder Management for Internal applications and Vendor Products
- Provide requirements to vendor and get the delivered product
- Tested for Correctness and Completeness
- Integration of New clearing into Service Application Business Analysis and Design
- Managing stakeholders with regular interview and discussion
- Working closely with Developers and QA for solution building and Testing
- Enhancing product as per the market competencies
- Mapping of MT to ISO20022, JSON to ISO20022 or ISO20022 to JSON
- API integration as well as documenting the integration
- Created data models to support decision-making processes
- Analyzed data to identify root causes of problems and recommend corrective actions
- Updated and developed scripts and queries to extract and analyze data from multiple sources
- Collaborated with stakeholders to identify business needs and data sources
- Assisted with creating data cubes and OLAP models to improve data analysis
- Designed and developed data pipelines to acquire, clean and process data
Lead IT Business Analyst (AVP)
Credit Suisse AG
Pune
12.2022 - 06.2024
- Lead Business Analyst for the project with 4 other business analysts
- Worked on manual payment solution (MPS) to implement payment key controls (PKC) requirement of CS
- Worked with architecture team to finalize and implement solution to connect with agent bank (Citi, HSBC, BONY) using agent bank’s API for both domestic and cross border transactions
- Created and groomed user story of MPS for manual payments to fulfil PKC requirement for the bank
- Worked on detailed requirement gathering at field level for all MX message types by interacting with agent banks
- Requirement gathering and solutioning for the solutions connectivity to bank’s Messaging Hub (AMH) using MX messages (pacs.008, pacs.009, pain.001, pacs.002, pain.002)
- Solution not only involved initiating payment from MPS but also tracking payments until it is settled by consuming response from AMH/agent banks in form of (pacs.002/pain.002)
- Involved working on UI, approval workflow for the payment, status update and exception management
- ISO 20022 Expertise: Demonstrated proficiency in ISO 20022 standards, with a deep understanding of message types, schemas, and their application in payment processing
- Extensive understanding of ISO 20022 messages and their end-to-end status handling
- Payment System Integration: Successfully facilitated the integration of ISO 20022 standards into existing payment systems, improving interoperability and data consistency
- Understanding of payment business lifecycles – from initiation, to clearing, settlement
- Requirement Gathering: Proficient in gathering and documenting business requirements for ISO 20022 implementation projects, ensuring alignment with business objectives
- End-to-End from requirement gathering, solution conceptualization and implementation for the project
- Strong technical skills and have attention to detail
- Proficient in BRD, FRD, Business Process Modelling (As-Is, To-Be process), Impact/Gap analysis, Traceability Matrix, UI mockup/wireframes, User Training and Release documents
- Data Mapping and Transformation: Skilled in mapping analysis with agent banks for their API interface, messaging format understanding, expected response and exception handling mechanism
- Identified, coordinated, and re-classified more than 150 portals as Non-Payment
- Stakeholder Management: Interaction with multiple internal teams such as API, SSI, reference data and architecture
- Provided training on project overview and current landscape
- Assisted scrum ceremonies such as PI planning, sprint planning, grooming session, demo
Manager (Lead IT BA)
Optimum Infosystem Solution Pvt LTD
Pune
11.2021 - 12.2022
- Company Overview: Credit Suisse Client
- Migration of Payment Processing platform for Complete APAC region
- Implementation of ISO20022 payment format wherever required
- Identify the Risk and give the solution to mitigate
- Stakeholder Management and Roadmap decision
- Work closely with Operation and Developer for solution building
- Prioritizing Features and creation of Roadmap
- Facilitating Product Demos & Trainings to Stakeholders
- Documenting Customer Journey
- Documenting Business Process Maps
- Documenting Use Cases
- Documenting Functional Specification Documents
- Creating User Story and task
- Leading the ISO20022 migration project for Credit Suisse APAC Messaging Hub
- Understand the Problem Statement and provide customized Solutions to applications within the Globally Approved Design framework
- Stakeholder Management for over 300 Internal Applications and Vendor Products
- Provide requirements to vendor and get the delivered product
- Tested for Correctness and Completeness
- Plan and Execute the Application Migration to MX format messages within timelines
- Provide Testing Teams with necessary infrastructure/access/assistance to perform e2e and automation testing
- Credit Suisse Client
- CBPR+/ISO2022 Migration: CBPR+/ISO20022 MX Format Messages
Sr Package Implementation
Larsen & Toubro Infotech
Pune
12.2020 - 11.2021
- PayEngine (Nets Group)
- Requirement Gathering and Elicitation
- Creating and Managing Product Backlog
- Prioritizing Features and creation of Roadmap
- Facilitating Product Demos & Trainings to Stakeholders
- Documenting Customer Journey
- Documenting Business Process Maps
- Documenting Use Cases
- Documenting Functional Specification Documents
- Creating User Story and task
- Fulfilling GDPR requirements
- PCI and GICC implementations
- End to end exposure starting from requirement gathering phase till implementation phase
- Worked on both Waterfall and Agile methodology of software development
- Oversaw entire product deployments from vision and creation to rollout and delivery
- Owned and prioritized product backlog
- Focused on building critical features up front in order to identify constraints and technical challenges
- Coordinated with software developers to create custom applications and trackers to achieve client goals
- Allocated and approved team resource usage
- Managed implementation of new features by outlining plans and specifications such as how, where and when each component would work
- Converted project specifications into drawings and other materials that would be used to create product
- Brainstormed with peers and other members of design team to determine enhancements and product features
- Suggested enhancements to product design that would improve user experience
- Managed multiple projects effectively in demanding environment with tight deadlines
- Identified changes in project scope and modified job schedule accordingly
- Maintained energy and enthusiasm in fast-paced environment
Manager
Saxo Bank
Gurgaon
06.2016 - 12.2020
- Project 1
- Binck Integration in Saxo bank
- Gap analysis between Binck and Saxo System
- Business requirement document creation and providing same to management and to developer
- UAT testing and reporting any bug or error
- Responsible for understanding the business needs, analyzing and documenting the functional and nonfunctional requirements and communicating the same with the development and testing teams
- Project 2
- Turquoise April (Migration of Old system to New Back Office from Switzerland)
- Handled end to implementation of Payments cycle and functional testing
- UAT as well as defect or missing requirement was done
- Streamlined payments procedures resulting STP from 0 to 80
- Implementation of ISO20022 payments format
- Creating User Stories and Grooming to developer / QA
- Worked in end-to-end implementation in Payment's domain and supporting Functional test Project
- Responsible for understanding the business needs, analyzing and documenting the functional and nonfunctional requirements and communicating the same with the development and testing teams
- Providing support to testing team by reviewing the Test Cases during development phase
- Organizing the product requirements, their progress, priority and status using the Trello application
- Identifying the areas where enhancements can be made in the product and suggesting a more efficient workflow process
- Responsible for sharing the release notes with the end users, clients and higher management team of the organization
Senior Analyst
RBS Business Services Private India LTD
Delhi
03.2010 - 06.2016
- Acted as liaison between business and technology team to refine the product functionalities/modules under Different entities Payments Web Portal and incorporate features based on market demands
- Own complete Business Requirements for modules Cross Border Funds Transfer, Instant Payments, Domestic Funds Transfer, and Book Transfer
- Own the complete delivering of the changes right from requirement gathering, finalizing e2e solution and providing support during development and testing phase
- Translated the features into user stories while managing the ranking and prioritization of the business requests
- Displayed complete ownership and commitment throughout the project delivery life cycle
- Provided Ad-Hoc project management, facilitation and continuous delivery support for key business initiatives
- Proficient at developing good rapport with all the Business and technology teams while working on the projects
- Worked as a Change Analyst for increasing the STP rate and removal of manual efforts by including robotics process
- Responsible for discussing the requirement with the development team and testing team and making sure that they understood the requirement clearly
- Responsible for preparing User Guide for the end users
- Responsible for preparing the presentations (Using Microsoft Power Point) for the client demo
Education
Bachelors in Science - Information Technology
Sikkim Manipal University
01.2010
Skills
- ISO20022
- Swift
- ISO8583
- SEPA
- NPP
- ACH
- NACHA
- Risk Assessments
- Product Management
- JIRA/Confluence/Visio
- Instant Payments/ Clearings
- Stakeholder Management
- Software development lifecycle
- Requirements gathering
- Business administration
- Process mapping
Hobbies and Interests
- Travel
- Cricket
- Meditation
- Music
Timeline
Sr Business Analyst (Associate Director)
Banking Circle
06.2024 - Current
Lead IT Business Analyst (AVP)
Credit Suisse AG
12.2022 - 06.2024
Manager (Lead IT BA)
Optimum Infosystem Solution Pvt LTD
11.2021 - 12.2022
Sr Package Implementation
Larsen & Toubro Infotech
12.2020 - 11.2021
Manager
Saxo Bank
06.2016 - 12.2020
Senior Analyst
RBS Business Services Private India LTD
03.2010 - 06.2016
Bachelors in Science - Information Technology
Sikkim Manipal University
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