Senior Consultant, Payments - Cognizant : Job Details

Senior Consultant, Payments

Cognizant

Job Location : Chicago,IL, USA

Posted on : 2025-02-01T13:11:17Z

Job Description :

Senior Consultant (PAYMENTS) – Risk Management

Banking & Financial Services Consulting

Location: Chicago

ABOUT US

Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Cognizant is headquartered in the U.S. Learn how Cognizant helps clients lead with digital at www.cognizant.com.

COGNIZANT CONSULTING

Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value. The Cognizant Consulting team is a high performing organization that is continually expanding our client base and increasingly being recommended by analysts such as Forrester and Gartner. And we're growing!

The Role

We're looking for Senior Consultants who can deliver within Cognizant's Five Pillars of Consulting: 1) Project Execution, 2) Expertise, 3) Business Development, 4) Practice Development, & 5) People Development. As a Consultant, this means creating high-quality client deliverables and taking ownership (with supervision) of producing client content and meeting client expectations; developing an expertise in your functional area, including obtaining certifications; contributing to Client Satisfaction and/or RFPs; supporting leadership and contributing to content development for service offerings; and participating in PeopleCare initiatives and exhibiting personal leadership at all times. In addition to enabling consulting excellence through the Five Pillars of Consulting, the specific requirements for this position are below.

Responsibilities

  • Design and implement comprehensive control frameworks to ensure effective risk management.
  • Develop and design controls to mitigate risks identified during the risk assessment process.
  • Conduct thorough control testing to evaluate the effectiveness of existing controls.
  • Maintain up-to-date knowledge of payment regulations and ensure compliance with regulatory requirements.
  • Collaborate with internal and external stakeholders to ensure controls are aligned with industry standards and best practices.
  • Prepare detailed reports on control testing results and provide recommendations for improvements.
  • Assist in the development and implementation of audit plans and procedures.

    • Qualifications

  • Bachelor's degree in business, Finance, Computer Science, or a related field.
  • An MBA or related advanced degree is a plus.
  • Minimum of 8+ years of experience.
  • Proven experience in designing control frameworks and designing controls.
  • Strong knowledge of payment regulations and compliance requirements.
  • Experience in control testing and evaluating control effectiveness.
  • Experience working in an audit firm is an added advantage.
  • Excellent analytical and problem-solving skills.
  • Strong written and verbal communication skills.
  • Ability to work independently and as part of a team.
  • Professional certifications such as CPA, CIA, or CISA are preferred.
  • Excellent communication and interpersonal skills, with the ability to work effectively with both technical teams and business stakeholders.
  • Strong analytical and problem-solving abilities. Knowledge of current trends and developments in the payments industry.
  • Personal leadership and a desire to create a culture that enables exceptional outcomes.
  • The embodiment of Cognizant's Core Values of: Work as one, Raise the bar, Dare to innovate, Do the right thing, Own it.

    • Work Authorization

    Cognizant will only consider applicants for this position who are legally authorized to work in the United States without company sponsorship (H-1B, L-1B, L-1A, etc.)

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