Description Future changes to the Bank’s balance sheet, and the speed of innovation in the fixed income and securities settlement market, means we need to expand our teams to support the increase in operational and project/change demands. We are currently recruiting at the following roles in the Central Banking Operations Division: Senior Operations Analyst and Operations Analyst If you would like to be considered for both analyst positions, please include this information in your application. 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: 4 Directorate overview Banking Directorate supports the Bank’s mission to maintain monetary and financial stability by developing and operating resilient and efficient banking, payment, settlement, and custody services in support of our strategic customers and our market operations. We are at the heart of the Bank both in terms of our core role in monetary and financial stability, and the wide range of internal and external stakeholders we work with. The variety and immediacy of the work we do means we are one of the most outward facing and fastest moving areas, acting as the 'bank within the Bank’ for the UK government, CCPs and other central banks, as well as our own market operations. Department overview The Central Banking Operations Division (CBOD), within the Banking Directorate, handles all the settlement of the Bank’s securities and fixed income operations. The teams with CBOD provide securities custody and settlement services for a range of customers including the UK Debt Management Office (DMO) and foreign central banks, whilst also handling the settlement of the Bank’s official Sterling and FX market operations and of the UK’s foreign currency reserves (the Exchange Equalisation Account), as Agent on behalf of HM Treasury. Job Description This is an exciting opportunity to join the Central Banking Operations Division (CBOD), develop knowledge and gain expertise in some of the Bank’s core financial operations. The role supports the timely and efficient settlement of securities and critical operational processes – making it a great opportunity to develop a good understanding of a wide range of products, policies and schemes implemented by the Bank. The jobholder will be a key member of the management team taking responsibility for and ownership of several key initiatives, The jobholder will play a pivotal role in identifying and influencing operational policy decisions and supporting the success of key projects, acting as escalation for the team(s) when incidents occur, and ensuring the team adheres to the Bank’s risk management policies and requirements. There will also be opportunities to work closely with a number of teams across the Bank such as the front office trading desks, middle office and operational risk. The main responsibilities are: Being a source of technical expertise and maintaining a detailed understanding of the work of the area both as part of business as usual but also emergency and contingency operations. Leading analyses on and in influencing key policy decisions that impact the team or operations that the teams perform. Acting as a lead (or providing oversight/mentoring) in the delivery of large change initiatives impacting business operations /and or systems from analysis through to delivery. Discovering and adopting innovative ideas and process refinements, seeing them through to completion to reduce risk and improve efficiency. Be part of the CBOD Management team ensuring that the area meets its own objectives and responsibilities. Responsibility for maintenance and upkeep of the Bronze Crisis Management documentation including planning and organisation of regular tests. Acting as a Risk Officer; working with the other analysts and the operational team to identify operational risks, contributing to the production of risk reporting both within the operational team and also wider CBOD risk reporting. Perform Line Manager Responsibilities for team members. About You A strong candidate is likely to be able to demonstrate most of the following essential attributes and experiences. The successful candidate does not need to be a technical authority in all areas from day one; a proactive approach to learning and developing is key. We are looking for potential and a willingness to learn and will provide on the job training. Minimum (Essential) Criteria: Knowledge of securities settlement systems or operational experience. An understanding of and a curiosity in the Bank’s facilities and operations and how they work in practice. Proven ability to work autonomously with excellent workload management skills. Proven change delivering experience, from analysis through to testing and implementation, with strong stakeholder management skills. Strong analytical skills, including the ability to get up to speed quickly with complex information with an ability to effectively weigh up the risks versus benefits when issues arise. Experience of line management, with the ability to take an inclusive approach, bringing out the best in and developing the talents of each individual. Excellent written and verbal communication skills with the ability to build relationships at varying levels. An approachable colleague who is decisive, calm under pressure and values transparency and teamwork. A self-starter with a willingness to learn and embrace challenges out of their comfort zone. Strong track record of meeting tight deadlines, balancing multiple diverse work streams simultaneously whilst maintaining a high standard of accuracy. A positive attitude and an ability to influence others. Desirable Criteria: Knowledge of the work we do in support of the Bank’s own foreign reserves, acting as agent to HM Treasury and in the Bank’s official operations. Knowledge of the Bank and Directorate risk frameworks and the requirements of the Central Banking Operations team(s). 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 This role offers a salary of circa £52,730 - £60,840. In addition, we also offer a comprehensive benefits package as detailed below: 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. 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 Thursday 28th November 2024. 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.