Product Owner Consultant – Payments

00068412501

• Date published Apr 06 2026
• Location Chicago / United States
• Job category Consulting
• Work model Hybrid

### About Cognizant Consulting

Cognizant Consulting is more than Cognizant’s consulting practice—we’re a global community dedicated to helping clients reimagine their business. Blending deep industry and technology advisory capabilities, we deliver innovative solutions for Fortune 500 clients across financial services and beyond.

### About the Role

As a Product Owner Consultant – Payments, you will make an impact by owning and driving delivery of payment products from ideation through post-launch. You will translate business needs into well-defined requirements, partner with engineering and design teams, and ensure solutions align to business objectives, regulatory standards, and customer value.

### In this Role, You Will

• Own and manage the product lifecycle from concept through launch and post-release optimization.
• Define product vision, roadmap, and priorities aligned to Objectives and Key Results (OKRs).
• Create and maintain user stories, epics, and Business Requirements Documents (BRDs).
• Gather functional, technical, and non-functional requirements through stakeholder interviews.
• Design workflows, business rules, and system integration diagrams.
• Act as primary liaison between business stakeholders and delivery teams (engineering, QA, UX, architects).
• Collaborate with Product Managers and Systems Architects on new and enhanced features.
• Track delivery progress using agile metrics such as velocity and burndown charts.
• Evaluate As-Is and To-Be processes to identify gaps and improvement opportunities.
• Validate features for release, publish release notes, and contribute to training materials.

### Work Model

This role requires on-site presence in Chicago, IL all 5 days. Candidates must be comfortable working on-site to enable close collaboration with stakeholders and delivery teams.

### What You Must Have to Be Considered

• 2–6 years of experience in banking or financial services.
• Hands-on payments experience, preferably as a Product Owner.
• Experience working in Agile/Scrum and lean delivery environments.
• Strong technical background with ability to understand system and integration details.
• Proven experience building and launching products end-to-end.
• Ability to lead cross-functional teams and navigate ambiguity.

### These Will Help You Succeed

• Exposure to card payments, ACH, RTP, wires, or digital payment platforms.
• Strong analytical and problem-solving skills.
• Excellent stakeholder communication and leadership presence.

### Compensation (Pay Transparency)

Salary range $70,000 – $80,000 annually, depending on skills, experience, and location. This position is eligible for Cognizant’s discretionary annual incentive program, subject to the terms of applicable plans.

### Benefits

• Medical, dental, vision, and life insurance
• 401(k) plan with company contributions
• Employee Stock Purchase Plan (ESPP)
• Employee Assistance Program (EAP)
• 15 Paid holidays plus PTO
• Paid parental leave and family-support programs
• Learning and development programs, certifications, and career growth opportunities

The Cognizant community:
We are a high caliber team who appreciate and support one another. Our people uphold an energetic, collaborative and inclusive workplace where everyone can thrive.

• Cognizant is a global community with more than 300,000 associates around the world.
• We don’t just dream of a better way – we make it happen.
• We take care of our people, clients, company, communities and climate by doing what’s right.
• We foster an innovative environment where you can build the career path that’s right for you.

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. Headquartered in the U.S., Cognizant (a member of the NASDAQ-100 and one of Forbes World’s Best Employers 2025) is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com

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.

If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email CareersNA2@cognizant.com with your request and contact information.

*Disclaimer:*
*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.*

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