Magnit Global
Senior Test Analyst | Payments SEPA

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Senior Test Analyst – SEPA Instant Payments
London | 3 days in the office
6 month contract | £600–£650 per day Umbrella / Inside IR35
We are looking for an experienced Senior Test Analyst to join a global banking organisation, supporting a key SEPA Instant Payments transformation programme within EMEA Payment Operations.
This is a hands-on testing role focused on the end-to-end operational flows for SEPA Instant (SCT Inst), covering both customer payments and clearing.
Key Responsibilities:
- Own the planning and execution of business and operational testing for SEPA Instant
- Review business requirements, acceptance criteria, scheme rules and traceability matrices
- Create detailed test plans, scenarios and test scripts
- Execute end-to-end testing across customer payment and clearing flows
- Manage defects through identification, escalation, resolution and retesting
- Work closely with Payment Operations SMEs, Business Analysts, Technology teams and vendors
- Produce MI and reporting covering testing progress, defects, risks and issues
- Coordinate testing activity across multiple stakeholders and project resources
- Support operational readiness, training and pre-go-live activities
- Ensure outstanding defects are appropriately addressed through remediation or operational controls
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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Key Experience Required:


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- Strong hands-on experience with SEPA Credit Transfer (SCT) and/or SEPA Instant (SCT Inst)
- Previous experience as a Senior Test Analyst, Payments Test Analyst or Test Lead
- Strong understanding of payment operations and end-to-end payment processing
- Experience designing test plans, scenarios and scripts from business requirements
- Strong defect management and stakeholder management experience
- Experience working within banking or financial services
Desirable:
- ISO 20022 payments experience
- GPP / Global PAYplus or OPF experience
- Test management tools such as Jira, ALM or Azure DevOps
- Power BI / testing MI experience
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