Payments Regulatory BA — PSD2/PSR Change Lead (London)

Magnit Global; Greater London; Hybrid; GBP 125,000 - 170,000; Full time

Job summary

Magnit Global is recruiting a Payments Business Analyst for a major regulatory change programme in a global banking environment. London-based with a 3 days in the office pattern, initially a 6-month contract at £800 per day inside IR35.

The role focuses on PSD2 and UK PSR, translating regulatory requirements into robust business processes, controls and technology solutions across Operations, Technology, and Compliance.

Qualifications

• Extensive experience as a Payments BA in banking or financial services.
• Proven PSD2 and UK PSR regulatory change delivery.
• Ability to work across business, technology and compliance.
• Experience with end-to-end payments processing.
• Stakeholder engagement across Operations, Technology, Risk and Compliance.

Responsibilities

• Lead business analysis activities across a significant payments regulatory change programme, with particular focus on PSD2 and UK Payment Services Regulations.
• Assess regulatory requirements and conduct detailed impact and gap analysis across existing payment processes, systems and controls.
• Gather, analyse and document business and functional requirements, translating complex regulatory obligations into practical solutions.
• Develop detailed as-is and to-be process maps, identifying operational improvements and changes required to achieve regulatory compliance.
• Work closely with Payments Operations, Technology, Compliance and Risk teams to support the successful delivery of regulatory and technology change.
• Coordinate testing activities, including UAT, business verification and implementation readiness.
• Manage project deliverables, risks, issues and dependencies, providing regular updates to senior stakeholders.
• Act as a payments subject matter expert, supporting wider operational improvements and regulatory initiatives.
• Extensive experience operating as a Payments Business Analyst within banking or financial services is essential.
• Strong, demonstrable experience implementing PSD2 and/or UK Payment Services Regulations, ideally within a major banking institution.
• Proven track record delivering payments regulatory change projects from initial impact assessment and requirements gathering through to testing and implementation.
• Strong knowledge of end-to-end payments processing, operational workflows, controls and regulatory requirements.
• Experience producing business requirements, functional specifications, gap analysis and process documentation.
• Excellent stakeholder management skills, with the ability to engage effectively across Operations, Technology, Risk and Compliance.
• Ability to work autonomously, manage competing priorities and take ownership of complex BA deliverables.
• Experience using Jira and Confluence.
• Knowledge of UK payment schemes, including Bacs and Faster Payments.
• Experience working on RTGS, HVPS+ or ISO 20022 related initiatives.
• Exposure to corporate banking, transaction banking or wholesale payments environments.
• Experience with Alteryx and wider payments transformation programmes.

Skills

PSD2/PSR experience

Payments operations

Stakeholder management

Jira

Confluence

Alteryx

ISO 20022

RTGS/HVPS+

Tools

Jira

Confluence

Job description

Magnit Global is recruiting a Payments Business Analyst for a major regulatory change programme in a global banking environment. London-based with a 3 days in the office pattern, initially a 6-month contract at £800 per day inside IR35.

The role focuses on PSD2 and UK PSR, translating regulatory requirements into robust business processes, controls and technology solutions across Operations, Technology, and Compliance.