Description This position is based in our Leeds office Data and Statistics Division (DSD) The largest division within DAT, DSD is the Bank’s centre of expertise for the acquisition, compilation, dissemination and publication of regulatory and statistical data. Our work supports analysis, policy- and decision-making by the Bank’s Committees, UK government departments and international organisations. Our data are used prominently in the Inflation Report, Financial Stability Report, Credit Conditions Review, Stress Test Results, FPC Core Indicators and Quarterly Bulletin. Decisions made in these fora and from these reports have national economic significance. We collect data from banks and buildings societies, credit unions, insurance companies and regulated mortgage lenders and administrators. This takes place via 35 statistical collections and over 200 regulatory collections. We cleanse these datasets and publish statistical data via our interactive database. We provide quality assurance and user support for the PRA and other users of our regulatory data. We handle the timely and accurate collection of various data types from different statistical and regulatory reporters. And we are also responsible for collecting various interest and exchange rates from external sources and other areas in the Bank; these are sent to customers as well as being published on the Bank’s Interactive Database. The division is home to a wide range of work including: Collection of large volumes of data on the financial system; Validation, cleaning, compilation and analysis of data; Helping users inside and outside the Bank understand our data and statistics. The nature of the work makes DSD a home to many different skill-sets, from basic data handling skills through to technical skills in data science and engineering; and from Bank generalist analytical skills, to expertise in regulatory data and statistics, specific datasets and systems. With c100 staff, a number of critical operations, and dependency on a complex transformation programme, the ability to work in and across teams is critical, whether it is as someone joining the organisation or as an experienced people manager. Data & Analytics (D&A) Strategy The Head of DSD is owner of Mission 2 of the Bank’s Data & Analytics Strategy – Bridge the data gaps to increase the value of the data we collect and share. The Bank collects large amounts of data and relies on data acquired from external organisations and purchased from third parties. This includes the production of statistics for the financial sector and prudential regulation and supervision. Mission 2 will identify and prioritise data gaps and review the Bank’s overall approach to bringing data into the Bank and sharing it. We will ensure that we can meet business needs and deliver value for money. We will ensure the Bank meets and exceeds its domestic and international commitments, closes the most important data gaps, and maximises the value of its data through safe sharing internally and in accordance with our legal obligations, externally. Future Data Systems (FDS) The Future Data Systems (FDS) programme, sitting in the Data Transformation Programmes division in DAT, is working to deliver a suite of Cloud-based data systems and tools for statistical data collection and dissemination. The programme will allow the Bank to realise productivity gains through automating processes, expand the range and types of data we analyse, use advanced analytics to improve insights provided to decision-makers and improve how we make it available externally, including by allowing programmatic access. It will replace an interconnected set of legacy data systems, including addressing critical obsolescence in the 25-year old MIDAS system. The Head of DSD will work closely with the FDS programme team as it develops the new system, shapes a target operating model for DSD and plans the transition. The coming year will be an exciting year as we parallel run the new system and we are looking for routes to realise efficiency gains in DSD as we go. Responsibilities This is a significant leadership role. You will be responsible for day-to-day leadership of the DSD senior management team and of DSD more broadly, as well as working closely with the rest of the DAT Leadership Team to run the wider directorate. You will develop your team through sharing information effectively, coaching, and through communicating a clear vision to ensure that DSD colleagues are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the teams, division and directorate. The Head of DSD manages the senior managers of the division directly and through them c. 100 staff across the core functions of the division. Alongside overseeing the management of the regular outputs and operational work of the division, this leadership role also includes supporting the division through a time of rapid and exciting change. Data volumes are increasing in volume and complexity, and the division is growing its skillsets in data engineering, analytics and visualisation (much of it involving coding) to help us automate operational work and spot anomalies in data more efficiently. This enrichment of technical skills is being supported by broader cultural changes to allow us to handle change more efficiently. In addition to this, the Head of DSD is also responsible for supporting DSD in successful engagement with a wide variety of stakeholders across the Bank, including the PRA, MA, FSSR, Technology and Audit. It is a particularly exciting time to be a HoD in DAT, given the Bank’s recently refreshed D&A Strategy, and DSD is central to that work. The Head of DSD will need to work with DAT’s Leadership Team, with DSD colleagues and with other stakeholders to ensure that DSD continues to work effectively with the other divisions in DAT and with key stakeholders across the Bank as we implement the D&A strategy. In particular, the Head of DSD is Mission Owner of Mission 2 of the Bank’s D&A Strategy - Bridge the data gaps to increase the value of the data we collect and share. This involves being accountable for progress against this mission, collaborating with key internal and external stakeholders, and delivering updates to the Chief Data Officer and relevant governance forums. The Head of DSD will also work closely with the FDS programme team to ensure it delivers a new system that works for DSD. Drawing on resource and work from the programme the DSD HoD will need in the coming year to agree the target operating model for DSD once we have migrated fully to the new system and decommissioned the old one. There are opportunities here to reconsider how DSD works with the rest of the Bank, (particularly Monetary Analysis which is also going through a change programme) as more efficient processes free up time of those producing statistics. The successful applicant will be part of the DAT Leadership Team (DAT LT), which collectively sets the directorate’s strategy and is responsible for its implementation. DAT LT has a keen focus on promoting the wellbeing of staff across DAT, and on making the directorate a diverse, inclusive and empowering place to work. DAT HoDs are expected to lead by example, and to incentivise and create opportunities and space for themselves and their divisions to contribute to the Bank’s and DAT’s diversity and Inclusion agenda. This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness. Number of direct reports: 5 Role Requirements Essential Criteria Excellent leadership skills, experience building strategic direction and developing effective teams. Excellent stakeholder management skills, with the ability to influence business decisions to senior level, with a proven ability to handle a highly complex matrix of stakeholders. A good understanding of the data collected and used by the Bank and knowledge of the statistics the Bank produces Confidence in overseeing the use of large, complex operational IT systems. Confidence in overseeing the development of processes and applications in analytical coding languages (R, Shiny, Python). Confidence and experience overseeing change; ability to collaborate with others to on complex change programmes. Experience of effective methods to support the continued improvement of Diversity, Equity and Inclusion (DEI). Desirable Criteria Data analysis and data management experience, including managing expert teams. Awareness of the Bank’s Data & Analytics Strategy. Additional Information Our Approach to Inclusion The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve. At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public. We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders. Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application. Salary and Benefits Information We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate. This role offers a competitive salary. In addition, we also offer a comprehensive benefits package as detailed below: Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time. A discretionary performance award based on a current award pool. A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits. Private medical insurance and income protection. National Security Vetting Process Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice. The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis. The Application Process Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process. The assessment process will comprise of two interview stages. This role closes on 20th February 2025 Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.