Senior Consultant, Payment Services

About the Position

Senior Consultant, Payment Services

00069515552

• Date published: Jul 02 2026
• Location: Toronto / Canada
• Job category: Consulting
• Work model: Hybrid

About Cognizant Consulting

Cognizant Consulting is more than Cognizant’s consulting practice-we’re a global community of 5,000+ experts dedicated to helping clients reimagine their business. Blending our deep industry and technology advisory capability, we create innovative business solutions for Fortune 500 clients. And now, we’re looking for our next colleague who’ll join us in shaping the future of business. Could it be you?

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

• 8–12+ 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.

We Offer

• Competitive salary ranging between $90,000 - $100,000 per year
• Cognizant’s discretionary annual performance-based bonus
• Benefits that support your physical, mental, and financial wellbeing

About the Company

Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process, and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes, and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or follow us on Twitter.

Additional employment information

Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government-issued ID during each interview.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status, or any other characteristic protected by federal, state, or local laws.

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Benefits that help you thrive and grow

Our benefits program is built with you in mind-so you can enjoy a fulfilling, balanced, and healthy life.

Financial wellbeing

We regularly review market data to ensure compensation reflects the value you bring. Your benefits extend beyond pay and may include retirement plans, financial education, etc.

Physical and mental health

We empower you to prioritize your wellbeing through paid time off, flexible working where possible, healthcare plans, counselling, our Mental Health Allyship program, and more.

Your career, your way

With 350,000+ roles at Cognizant, you’ll have opportunities to explore new technologies, industries, and locations-and build the skills you need to grow your career.

Real-world impact

Think about the biggest brands you rely on. Chances are, they rely on us to help strengthen their business. Here, you’ll turn bold ideas into solutions that improve lives everywhere.

Your path to Cognizant

Here’s what you can expect from our hiring process. Please keep in mind that it may vary by role and location. Explore our FAQs to learn more.

Step 1: Apply to the right opportunity

Find an open role that matches your skills and career goals and show us why you’re the person for the job. Don’t see the right opportunity? Consider joining our Talent Community.

Step 2: Connect with your recruiter

If one of our recruiters sees a fit, they’ll set up a short intro call to learn more about you and how your experiences and skills match the role.

Step 3: Show off your skills

If you and our team would like to continue the process, you’ll interview with our hiring team. Some roles may also require technical assessments and/or client interviews.

Step 4: Decision time

Our team will then review each candidate’s potential to succeed in the role. This step may take some time because we want to find the right fit for both you and us-but you can count on us to keep you updated.

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