Payments Directorate is at the heart of the country's financial system. It operates the Real-Time Gross Settlement (RTGS) service and CHAPS, the wholesale payment service, settling over £775 billion each day across this critical national infrastructure. It is currently in the process of undergoing an exciting and transformational renewal, enhancing not just resilience but also promoting competition and innovation. It is leading policy work to understand the future demand for payments and international efforts to enhance cross-border payments and services across the financial sector. Because of the variety and immediacy of the work we do, Payments Directorate is one of the most outward-facing and fast-moving areas of the Bank. Our Directorate Vision is "We harness central bank money to make sterling payments work for everyone and shape the payments infrastructure of tomorrow". Future Roadmap leads on driving state of the art improvements to the Bank's payments infrastructure and ensuring that the Bank stays at the forefront of innovation in payments. We are responsible for developing the design of innovative functionality for the renewed RTGS service. The team is tasked with developing the future product roadmap for RTGS after the new system goes live in 2024. We are currently focusing on assessing three key priority features - synchronisation, extended RTGS settlement hours and resilient channels to access RTGS. Your role will involve a mix of work setting up and delivering the products across a broad range of topics the team engages with in a fast paced and varied environment. Job Description As a Lead Project Manager, you will be part of a delivery management team and will report into the Senior Programme Manager. The team is accountable for delivery across all work streams within the Programme. The team's work is pivotal to the delivery of this high-profile work stream at the heart of the Central Bank's mission. Development of the plans including shaping and leading the implementation of the related portfolio of technology delivery projects and work streams needed to meet objectives of the transition state. Overall leadership for day-to-day operation of all aspects of the Future Roadmap project streams concurrently, from initiation through to closure. Develop and implement comprehensive release approach and plan, encompassing sub streams of work/projects, cross-functional team structures and resource deployments, development, testing and deployment plans, ensuring successful transition to support. Liaise with Technology and Business domains to secure and manage performance of resources required to deliver the release. Lead and coordinate efforts of project teams/members and third-party suppliers in order to deliver the release according to plan. Set and continually manage work stream expectations with cross-functional delivery team members, identifying and resolving issues and conflicts where they arise. Manage dependencies within the release and across to other releases within the workstream, as well as with other Bank and external deliverables. Proactively intervene to provide effective governance and delivery of the release to quality, schedule and budget objectives and ensures deployed solutions deliver targeted business benefit/value. Own all specific release and related work stream risk and issue management. Act as the interface from the work stream into key project teams. Ensure business and work stream objectives are clearly communicated, understood and executed by the delivery team. Liaise and communicate effectively with work stream stakeholders on an ongoing basis. Proactively handle changes to the release scope, identify potential implementation risks, and develop and test contingency plans. Act as a catalyst and make things happen including "joining the dots" between different projects and areas of the Bank. Ensure all work stream elements are delivered to PMO governance, compliance, and security requirements. Be a role model and ambassador for division, demonstrating "Agile" behaviours, commitment to the purpose of the Bank and providing a supportive team environment. Promoting and delivering change and innovation Minimum Criteria Extensive prior experience and track record in Project Management within payments technology or highly regulated technical industry within global environments and/or global matrix organisations. Validated experience of full software delivery lifecycle management of IT Projects and associated change management and organisational transition impacting culture, structure, people, process and technology. Strong people leadership experience, including the ability to build and implement a shared vision and delivery of outcomes. Ability to develop talent and be an effective people leader, building opportunities for their team to excel and develop their talents. Demonstrable e2e technology transformation experience including early business case definition, benefits realisation post change, service transition phase to early life support, multiple executive stakeholders, executive and operational steering committees, and work streams utilising teams for multi-year duration and with budgets greater than £3m. Experience with Agile methodologies (SAFe, Scrum, XP) and Agile Transformation. Essential Criteria Excellent influencing and leadership skills with extensive experience of presenting major technology change work streams at all levels of an organisation and commanding credibility at senior management level. Ability to think strategically, using judgement and prioritising effectively, including sharing responsibility for setting the Bank's investment strategy. Collegiate and political awareness, to be able to understand and work through conflicting requirements. Experience in commercial engagement and management of 3 rd Party Suppliers and contractors. Negotiation of contract agreements and commercial arrangements. Ability to understand highly complex architecture, infrastructure, primary and secondary corporate wide systems and business processes. Experience of operating effectively under the governance of a centralised PMO structure, with numerous owning and change impacted stakeholders across an organisation. Strong IT and Release Management knowledge and experience. Associated MSP, PMP, PCM certifications from PMI/APM certifying bodies and Agile practitioner certifications. Desirable Criteria Computer Science or Engineering degree/qualification. Ideally experienced with associated IT qualifications such as ITIL, or other associated indicators of a solid background in technology change management. High level of proficiency in MS Project and robust scheduling, financial and risk management and presentation tools. 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: TBC ___ 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 salary of: Leeds from £59,200 - £68,310 London from £65,755 - £75,870 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 Weds 19th 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.