Overview The Bank of England provides a number of critical services to the UK economy, from interest rate setting, to printing banknotes, to looking after the nation's gold. Our work is beset by a vast and ever-changing set of risks - cyber-attack, technology obsolescence, power outages, flooding, industrial action, the list goes on. The work of the Bank's second line risk function includes ensuring that we are ready to manage through disruption whatever the cause, focusing on our core services. The Operational Resilience manager sits within the second line risk function and is central to that effort. Working alongside colleagues with a focus on risk identification and controls, the Operational Risk manager focuses on both the reactive - business continuity contingency planning, exercise scenario design and implementation, learning from incidents - and proactive - defining importance business services, assessing impact tolerances, identifying pre-emptive measures to ensure they are met. The Operational Risk and Resilience Team sits within Enterprise Risk and Resilience Division. Working in the division provides an excellent opportunity to develop an understanding of, and interact with, all areas of the Bank - side to side and top to bottom. Risk Directorate is led by the Executive Director for Risk, who reports to the Governor. Job Description The role holder will work with the senior manager for Operational Risk and Resilience to help ensure that the Bank is able to withstand even the most challenging of plausible disruptions and so continue to deliver its core services to the wider economy and financial system. The role provides a unique opportunity to influence how the Bank delivers operational resilience as we develop and refine our approach. The role holder will also work closely with colleagues in operational risk roles, as well as stakeholders from across all of the Bank's directorates. As a key contributor to the second line risk division, you will be exposed to a wide range of business areas across the Bank, gaining deep insight into the full range of activities undertaken by the Bank. You will also be an ambassador for Risk more broadly, as it is a high-profile position with the potential for individual name recognition across the entire business, and at all scales, right up to the level of the Bank's Court of Directors. The main responsibilities of the role include: Briefing the Executive and board on the Bank's overall operational resilience. Design and implementation of Bankwide exercises to enable key staff to rehearse roles and identify potential sources of weakness in enterprise level contingency arrangements. Support and challenge first-line business continuity arrangements and help to ensure a joined-up approach to the end-to-end resilience of the Bank's most important deliverables. Ensure that the Bank's disaster recovery arrangements are fit for purpose and capable of providing the necessary resilience in severe but plausible scenarios. Represent the Bank in cross-authority operational resilience forums and exercises. Role Requirements The role would be best suited to a seasoned risk-professional with a background in business continuity/operational resilience. Minimum (Essential) Criteria Strong oral and written communication skills, especially in presentations and report writing. Able to engage well with both technical and non-technical colleagues to deliver practical improvements. Able to work on multiple tasks and deliver outcomes/outputs to a high-quality standard. Understanding of operational risk management and business continuity. A professional background in business continuity and/or operational resilience. Desirable Criteria Experience of planning and implementing business continuity exercises. Experience of engaging senior stakeholders. Ability to matrix manage staff drawn from across teams, divisions and directorates. Awareness of the wider risk landscape. You should not be put off applying if you do not meet all these criteria - we would encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be relevant. Additional information This is a people management role. You will be responsible for day to day management of one direct report and matrix management of two other risk professionals. 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: 1 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. Leeds - This role offers an annual salary of £65,440 - £73,620 (depending on skills and experience) London -This role offers an annual salary of £72,720 - £81,810 (depending on skills and experience) 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 stages. The closing date for applications is 27 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.