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Bank of England
The Bank of England is the central bank of the United Kingdom. It is responsible for maintaining financial stability and promoting the economic well-being of the country. The bank is responsible for implementing monetary policy in the UK, managing the UK's foreign exchange reserves, and supervising the banking system. Its website provides information on its policy decisions, financial stability reports, and economic data, as well as news and research from the bank. The website also provides information on careers at the bank, educational resources for schools, and information for members of the public.
This exercise supports the Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) in the pursuit of their statutory objectives (set out more fully in Annex 1).bankofengland.co.ukThe Bank of England (the Bank) has run its first exploratory scenario exercise on climate risk, involving the largest UK banks and insurers.
For most of us, she is the only head of state we have ever known, and will be remembered as an inspirational figure for our country and the commonwealth.”m.mpamag.comAs the first monarch to feature on Bank of England banknotes, the BoE said the Queen’s iconic portraits are “synonymous with some of the most important work” that they do.
It has had the nickname ‘The Old Lady of Threadneedle Street’ – or simply ‘The Old Lady’. To find out why, we need to turn the clock back a little over 200 years…bankofengland.co.ukThe Bank of England is over 300 years old. And for nearly all of that time, it has been located on Threadneedle Street in the heart of the City of London.
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EncryptedSite is Encrypted
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CountryHosted in United Kingdom
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Latitude\Longitude51.4964 / -0.1224 Google Map
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Traffic rank#5,657 Site Rank
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Site Owner informationWhois info
Website is Safe
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HeadquartersThreadneedle Street,,,London,, England, United Kingdom
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Established27 July 1694
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OwnershipOwned by,HM Government,through the,Government Legal Department
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GovernorAndrew Bailey,(since 2020)
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Central bank ofUnited Kingdom
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CurrencyPound sterling,GBP (,ISO 4217,)
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Reserves101.59 billion USD
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Bank rate3.0%
Traffic rank
#5,657
#5,657
Site age
Location
United Kingdom
United Kingdom
Popular Questions for Bank of England
Newest job postings for Bank of England
via LinkedIn
posted_at: 21 hours agoschedule_type: Full-time
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
We are seeking two outstanding candidates to join the team at the Bank of England Museum. Our Museum
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
We are seeking two outstanding candidates to join the team at the Bank of England Museum. Our Museum at the Bank’s headquarters in Threadneedle Street, London, provides visitors with a unique experience to learn about the Bank’s history and its role today. The Museum is a key part of the Bank’s Outreach & Education function, which works to grow awareness and understanding of the Bank and its work.
We are recruiting for a Museum Manager to lead the small Museum team, develop its future strategy, and oversee day-to-day operations. We are also recruiting a Museum Officer (Education) to lead a number of education initiatives within the... museum, as well as supporting the delivery of the Bank’s wider education work across the UK.
Directorate Overview
The Communications Directorate is responsible for managing and developing the Bank's external and internal communications. We manage the relationships with key stakeholder groups including the Media and Parliament, as well as providing a Public Enquires function. We work with a wide range of colleagues to develop and deliver the Bank's programme of outreach and education, which includes building strategic partnerships with other organisations and running the Bank's Museum. We also develop and maintain our external website and social media presence, produce flagship publications, and ensure the Bank meets its statutory obligations regarding the Freedom of Information Act.
Department Overview
The Outreach and Education department is part of the Stakeholder and Media Engagement division of the Communications directorate. It is responsible for ensuring that the Bank is accessible to all our external partners. This includes firms, charities and trade associations, among others, as well as the public as a whole. Its mission is to improve understanding of our role to ensure we are open and accountable. The Outreach and Education team incorporates a number of functions including Stakeholder Relations, Public Engagement, Partnerships, Education, Insights and Evaluation, as well as the Museum.
Job Descriptions
The Bank of England Museum represents both the Bank’s history and our work today. It plays a key role in helping to promote understanding of the Bank’s role and the wider economy, alongside global economic history. The Museum welcomes a broad range of visitors every year and our exhibitions and events programme is crafted to provide content that reflects visitor interests and needs. Central to this work is ensuring that our exhibitions and events are accessible, engaging and relevant.
The Museum Manager will have overall responsibility for the Museum and report directly to the Head of Outreach and Education. The role holder will act as line manager for the Collections and Front of House Teams and will play a key role in shaping the strategic direction of the Museum in the short, medium and long term. They will ensure that we continue to deliver a high-quality visitor experience and reach new audiences via an engaging events programme and impactful marketing strategy.
Specific responsibilities will include:
• Leading and managing Museum staff and volunteers.
• Devising an audience development strategy.
• Coordinating and managing the Museum’s events programme.
• Overseeing the Museum’s marketing plan.
• Leading on the development and coordination of partnerships across the cultural sector.
• Managing an education programme for children and young people aged 5-18, working alongside the Bank’s education team.
• Managing the Museum’s budget and financial administration processes.
• Overseeing all health and safety protocols, supported by the Museum’s Operations Manager.
Minimum (essential) criteria:
• Strong experience of team working, within a museum/cultural organisation.
• People management experience, ideally within the museum/cultural sector.
• Experience of devising, embedding and evaluating new ideas and approaches within the museum/cultural sector.
• Experience of developing and delivering projects within the museum/cultural sector.
• Strong experience of using analytical tools including MS Office and digital marketing tools.
• Experience of developing and delivering an events programme within a museum/cultural organisation.
• Demonstrable knowledge of the development of marketing campaigns across a range of channels.
• Strong communication skills and an ability to engage with people at all levels of seniority.
• Experience of managing a budget.
Desirable criteria:
• A demonstrable interest in, and some knowledge of, the current role and history of the Bank of England.
• Experience of leading or supporting a museum/cultural organisation through a period of change.
• Experience of developing UK-wide partnerships across the cultural sector.
The Museum Officer (Education) will be responsible for the coordination and delivery a range of education initiatives for schools and families within the Bank of England Museum. We are looking for a candidate who can also contribute to the Bank’s school engagement work that includes school talks, the development of educational resources and bespoke outreach projects with schools across the UK.
Specific responsibilities will include:
• Leading and delivering storytelling sessions for schools and families, including management of bookings and evaluation.
• Coordinating and managing the Museum’s loan box programme for schools, including management of bookings and evaluation.
• Marketing events and activities to schools across the UK.
• Supporting the Bank’s education team in the development and delivery of current and new initiatives.
• Assisting the wider team in the day-to-day running of the Museum and administrative duties, as required.
Minimum (essential) criteria:
• Experience of working with children and young people in a school or museum setting or similar.
• Experience of devising, delivering, and evaluating educational initiatives.
• Knowledge of the curriculum requirements for schools across the UK.
• Experience of using analytical tools including MS Office.
• Strong communication skills and an ability to engage with people at all levels of seniority.
Desirable criteria:
• Experience of delivering storytelling or drama activities for children.
Please note this role will require a Disclosure and Barring Service (DBS) check.
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
The position of Museum Manager offers a base salary of £45,900 per annum, and the Museum Officer offers a base salary of £28,050 per annum along with our comprehensive benefits package as follows:
• 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 3rd April 2023
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Communications
Organisation
342000 - STAKEHOLDER & MEDIA ENGAGEMENT
Job Posting
13-Mar-2023, 5:11:08 PM Show more details...
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
We are seeking two outstanding candidates to join the team at the Bank of England Museum. Our Museum at the Bank’s headquarters in Threadneedle Street, London, provides visitors with a unique experience to learn about the Bank’s history and its role today. The Museum is a key part of the Bank’s Outreach & Education function, which works to grow awareness and understanding of the Bank and its work.
We are recruiting for a Museum Manager to lead the small Museum team, develop its future strategy, and oversee day-to-day operations. We are also recruiting a Museum Officer (Education) to lead a number of education initiatives within the... museum, as well as supporting the delivery of the Bank’s wider education work across the UK.
Directorate Overview
The Communications Directorate is responsible for managing and developing the Bank's external and internal communications. We manage the relationships with key stakeholder groups including the Media and Parliament, as well as providing a Public Enquires function. We work with a wide range of colleagues to develop and deliver the Bank's programme of outreach and education, which includes building strategic partnerships with other organisations and running the Bank's Museum. We also develop and maintain our external website and social media presence, produce flagship publications, and ensure the Bank meets its statutory obligations regarding the Freedom of Information Act.
Department Overview
The Outreach and Education department is part of the Stakeholder and Media Engagement division of the Communications directorate. It is responsible for ensuring that the Bank is accessible to all our external partners. This includes firms, charities and trade associations, among others, as well as the public as a whole. Its mission is to improve understanding of our role to ensure we are open and accountable. The Outreach and Education team incorporates a number of functions including Stakeholder Relations, Public Engagement, Partnerships, Education, Insights and Evaluation, as well as the Museum.
Job Descriptions
The Bank of England Museum represents both the Bank’s history and our work today. It plays a key role in helping to promote understanding of the Bank’s role and the wider economy, alongside global economic history. The Museum welcomes a broad range of visitors every year and our exhibitions and events programme is crafted to provide content that reflects visitor interests and needs. Central to this work is ensuring that our exhibitions and events are accessible, engaging and relevant.
The Museum Manager will have overall responsibility for the Museum and report directly to the Head of Outreach and Education. The role holder will act as line manager for the Collections and Front of House Teams and will play a key role in shaping the strategic direction of the Museum in the short, medium and long term. They will ensure that we continue to deliver a high-quality visitor experience and reach new audiences via an engaging events programme and impactful marketing strategy.
Specific responsibilities will include:
• Leading and managing Museum staff and volunteers.
• Devising an audience development strategy.
• Coordinating and managing the Museum’s events programme.
• Overseeing the Museum’s marketing plan.
• Leading on the development and coordination of partnerships across the cultural sector.
• Managing an education programme for children and young people aged 5-18, working alongside the Bank’s education team.
• Managing the Museum’s budget and financial administration processes.
• Overseeing all health and safety protocols, supported by the Museum’s Operations Manager.
Minimum (essential) criteria:
• Strong experience of team working, within a museum/cultural organisation.
• People management experience, ideally within the museum/cultural sector.
• Experience of devising, embedding and evaluating new ideas and approaches within the museum/cultural sector.
• Experience of developing and delivering projects within the museum/cultural sector.
• Strong experience of using analytical tools including MS Office and digital marketing tools.
• Experience of developing and delivering an events programme within a museum/cultural organisation.
• Demonstrable knowledge of the development of marketing campaigns across a range of channels.
• Strong communication skills and an ability to engage with people at all levels of seniority.
• Experience of managing a budget.
Desirable criteria:
• A demonstrable interest in, and some knowledge of, the current role and history of the Bank of England.
• Experience of leading or supporting a museum/cultural organisation through a period of change.
• Experience of developing UK-wide partnerships across the cultural sector.
The Museum Officer (Education) will be responsible for the coordination and delivery a range of education initiatives for schools and families within the Bank of England Museum. We are looking for a candidate who can also contribute to the Bank’s school engagement work that includes school talks, the development of educational resources and bespoke outreach projects with schools across the UK.
Specific responsibilities will include:
• Leading and delivering storytelling sessions for schools and families, including management of bookings and evaluation.
• Coordinating and managing the Museum’s loan box programme for schools, including management of bookings and evaluation.
• Marketing events and activities to schools across the UK.
• Supporting the Bank’s education team in the development and delivery of current and new initiatives.
• Assisting the wider team in the day-to-day running of the Museum and administrative duties, as required.
Minimum (essential) criteria:
• Experience of working with children and young people in a school or museum setting or similar.
• Experience of devising, delivering, and evaluating educational initiatives.
• Knowledge of the curriculum requirements for schools across the UK.
• Experience of using analytical tools including MS Office.
• Strong communication skills and an ability to engage with people at all levels of seniority.
Desirable criteria:
• Experience of delivering storytelling or drama activities for children.
Please note this role will require a Disclosure and Barring Service (DBS) check.
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
The position of Museum Manager offers a base salary of £45,900 per annum, and the Museum Officer offers a base salary of £28,050 per annum along with our comprehensive benefits package as follows:
• 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 3rd April 2023
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Communications
Organisation
342000 - STAKEHOLDER & MEDIA ENGAGEMENT
Job Posting
13-Mar-2023, 5:11:08 PM Show more details...
via LinkedIn
posted_at: 21 hours agoschedule_type: Full-time
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Work for an organisation steeped in history with a front row seat for the digitalisation of the
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Work for an organisation steeped in history with a front row seat for the digitalisation of the financial sector, and the rise of rise of fintech and regtech. A core organisational strength, with our people at our centre, Technology Directorate enables the Bank of England to deliver its mission by providing a hugely diverse set of technical solutions and platforms. From supporting critical systems which underpin the UK economy, to evolving data analytics, reinventing our online presence, and introducing a fully digital workplace. Be part of a team that’s constantly evolving, just like our industry.
We take pride in our people, with... backgrounds and experiences as diverse as the solutions they provide. You’ll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK. All of which add up to make the Bank a hugely rewarding place to work.
Department Overview
Technology Quality and Delivery Assurance is one of the divisions of the Technology Directorate.
Within the Quality and Delivery Assurance Division you will be working with people who are passionate about enabling Technology Directorate to perform at its best. A new division has been created to ensure that Technology Directorate provides consistent, efficient, best practice operational performance and quality outcomes through constant improvement to meet the requirements of the business.
You’ll help to shape the growing role that technology plays within the organisation. Collaborating closely with colleagues across Technology Directorate and throughout the Bank, you’ll help the division deliver against its commitments and contribute to the organisation’s mission.
We target operational excellence, and our teams work closely with counterparts from central functions to ensure we share expertise, learn from our colleagues, and strive for continual improvement and innovation. You’ll also be encouraged to develop your expertise externally, through networking, training, and formal qualifications.
Technology Risk & Audit Management is a function within the Quality and Delivery Assurance Division of the Technology Directorate of the Bank. Reporting to the Head of the Technology Quality and Delivery Assurance, Technology Risk Management provides the first line risk management framework and oversight of the directorate’s IT operational risk and facilitates all of Technology Directorate’s auditing obligations and objectives.
The team works closely with risk owners to identify, plan mitigation, define tolerances or accept risks and prioritises risk exposure for reporting to the Technology Directorate's Risk Governance Board and provides summary risk positioning to the Bank's second line risk management division. In addition, the team works closely with our Internal Audit Division, external auditors, and business counterparts to ensure Technology Directorate meets both its own and other auditing requirements
Job Description
The Technology Risk and Audit Analyst (TRAA) will work with team members to the Technology Risk Manager to provide risk oversight within divisions of the Technology Directorate. This roll has the following responsibilities:
• Plan, manage and report on Technology Directorate's work for audit requirements with appropriate divisions within TD to ensure the directorate complies with its audit commitments. Provide assistance and guidance to audit action owners. The TRAA will also work closely with our Internal Audit counterparts and will maintain and develop the Internal Audit engagement model used within TD.
• Develop and provide relevant and critical Management Information for risk and audit to various forums, the CIO and the Head of Division to drive visibility and decision making.
• Ensure that risk stakeholders are well informed of risk and mitigating actions and to provide confidence in Technology’s risk management process.
• Continuous engagement to ensure risks are being identified and managed according to our management processes to provide understanding of risk concepts and our processes, including Operational Resilience.
This role provides an ideal opportunity to further develop risk management skills, acquire technical understanding of all elements of the I.T. Lifecycle and progress into specialist risk management roles.
Role Requirements
Minimum Essential Criteria
• Understanding and awareness of risk principles, controls, processes, terminology and frameworks.
• Experience of technical audit, requirements and processes.
• Experience of working in a technology environment and operational matters.
• Expert level use of reporting tools such as MS Powerpoint, MS Excel, MS Word, to create reports with content appropriate to the audience.
• Able to work effectively under time pressure.
• Understanding of ITIL based service delivery and operational procedures
• Effective translation of technical risk into business risk terms
• Strong analysis and drafting skills to ensure written descriptions, requirements and responses are unambiguous and defining requirements.
• Methodical, Proactive, tenacious, self-driven approach to work to deliver to deadlines.
• Able to work under pressure to provide key accurate deliverables
• Good stakeholder management and interpersonal skills
• Good presentation skills providing structured documentation and report creation
Desirable But Not Essential Criteria
• IT Life Cycle understanding
• Awareness of Risk Controls / culture and formal architectural framework knowledge / qualification e.g., ITIL, COBIT 5, CISA
• working knowledge of GRC tools e.g., RSA Archer
• practical experience of creating presentational material using Microsoft and visualisation tools such as Tableau
• Knowledge of DevOps and Agile development methodologies
• knowledge of Cloud provision principles.
• Comprehensive experience of working in IT services provision and / or support
• Project Management methodology understanding if not a practitioner
• Business case construction and financial management experience
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
This specific role offers a base salary range of £37, 320- £44, 190 per annum (depending on skills and experience) on a full-time basis.
In addition we also offer a comprehensive benefits package as detailed below. We encourage flexible working & part time working , therefore both salary and associated benefits will be adjusted on a pro-rata basis for part-time colleagues
• 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 11/04/2023
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Information Technology
Organisation
145000 - OCIO
Job Posting
13-Mar-2023, 1:48:10 PM Show more details...
The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Work for an organisation steeped in history with a front row seat for the digitalisation of the financial sector, and the rise of rise of fintech and regtech. A core organisational strength, with our people at our centre, Technology Directorate enables the Bank of England to deliver its mission by providing a hugely diverse set of technical solutions and platforms. From supporting critical systems which underpin the UK economy, to evolving data analytics, reinventing our online presence, and introducing a fully digital workplace. Be part of a team that’s constantly evolving, just like our industry.
We take pride in our people, with... backgrounds and experiences as diverse as the solutions they provide. You’ll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK. All of which add up to make the Bank a hugely rewarding place to work.
Department Overview
Technology Quality and Delivery Assurance is one of the divisions of the Technology Directorate.
Within the Quality and Delivery Assurance Division you will be working with people who are passionate about enabling Technology Directorate to perform at its best. A new division has been created to ensure that Technology Directorate provides consistent, efficient, best practice operational performance and quality outcomes through constant improvement to meet the requirements of the business.
You’ll help to shape the growing role that technology plays within the organisation. Collaborating closely with colleagues across Technology Directorate and throughout the Bank, you’ll help the division deliver against its commitments and contribute to the organisation’s mission.
We target operational excellence, and our teams work closely with counterparts from central functions to ensure we share expertise, learn from our colleagues, and strive for continual improvement and innovation. You’ll also be encouraged to develop your expertise externally, through networking, training, and formal qualifications.
Technology Risk & Audit Management is a function within the Quality and Delivery Assurance Division of the Technology Directorate of the Bank. Reporting to the Head of the Technology Quality and Delivery Assurance, Technology Risk Management provides the first line risk management framework and oversight of the directorate’s IT operational risk and facilitates all of Technology Directorate’s auditing obligations and objectives.
The team works closely with risk owners to identify, plan mitigation, define tolerances or accept risks and prioritises risk exposure for reporting to the Technology Directorate's Risk Governance Board and provides summary risk positioning to the Bank's second line risk management division. In addition, the team works closely with our Internal Audit Division, external auditors, and business counterparts to ensure Technology Directorate meets both its own and other auditing requirements
Job Description
The Technology Risk and Audit Analyst (TRAA) will work with team members to the Technology Risk Manager to provide risk oversight within divisions of the Technology Directorate. This roll has the following responsibilities:
• Plan, manage and report on Technology Directorate's work for audit requirements with appropriate divisions within TD to ensure the directorate complies with its audit commitments. Provide assistance and guidance to audit action owners. The TRAA will also work closely with our Internal Audit counterparts and will maintain and develop the Internal Audit engagement model used within TD.
• Develop and provide relevant and critical Management Information for risk and audit to various forums, the CIO and the Head of Division to drive visibility and decision making.
• Ensure that risk stakeholders are well informed of risk and mitigating actions and to provide confidence in Technology’s risk management process.
• Continuous engagement to ensure risks are being identified and managed according to our management processes to provide understanding of risk concepts and our processes, including Operational Resilience.
This role provides an ideal opportunity to further develop risk management skills, acquire technical understanding of all elements of the I.T. Lifecycle and progress into specialist risk management roles.
Role Requirements
Minimum Essential Criteria
• Understanding and awareness of risk principles, controls, processes, terminology and frameworks.
• Experience of technical audit, requirements and processes.
• Experience of working in a technology environment and operational matters.
• Expert level use of reporting tools such as MS Powerpoint, MS Excel, MS Word, to create reports with content appropriate to the audience.
• Able to work effectively under time pressure.
• Understanding of ITIL based service delivery and operational procedures
• Effective translation of technical risk into business risk terms
• Strong analysis and drafting skills to ensure written descriptions, requirements and responses are unambiguous and defining requirements.
• Methodical, Proactive, tenacious, self-driven approach to work to deliver to deadlines.
• Able to work under pressure to provide key accurate deliverables
• Good stakeholder management and interpersonal skills
• Good presentation skills providing structured documentation and report creation
Desirable But Not Essential Criteria
• IT Life Cycle understanding
• Awareness of Risk Controls / culture and formal architectural framework knowledge / qualification e.g., ITIL, COBIT 5, CISA
• working knowledge of GRC tools e.g., RSA Archer
• practical experience of creating presentational material using Microsoft and visualisation tools such as Tableau
• Knowledge of DevOps and Agile development methodologies
• knowledge of Cloud provision principles.
• Comprehensive experience of working in IT services provision and / or support
• Project Management methodology understanding if not a practitioner
• Business case construction and financial management experience
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
This specific role offers a base salary range of £37, 320- £44, 190 per annum (depending on skills and experience) on a full-time basis.
In addition we also offer a comprehensive benefits package as detailed below. We encourage flexible working & part time working , therefore both salary and associated benefits will be adjusted on a pro-rata basis for part-time colleagues
• 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 11/04/2023
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Information Technology
Organisation
145000 - OCIO
Job Posting
13-Mar-2023, 1:48:10 PM Show more details...
via LinkedIn
posted_at: 21 hours agoschedule_type: Full-time
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Banking, Payments and Innovation Directorate supports the Bank’s mission to maintain monetary
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Banking, Payments and Innovation Directorate supports the Bank’s mission to maintain monetary and financial stability by using and sharing its expertise to: develop and operate resilient and efficient banking, payment and custody services; set and influence policy; and to promote innovation.
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 stakeholders we collaborate with. BPI has a lead role in one and a significant role in four of the Bank’s strategic priorities. The variety and immediacy of the work we do means we are one of the most outward... facing and fast moving areas of the Bank, operating the UK's high value payments system (the Real Time Gross Settlement System and CHAPS), maintaining the Bank’s readiness to provide Emergency Liquidity Assistance to banks and other financial institutions, and acting as the 'bank' within the Bank of England for government, UK CCPs and other central banks.
Department Overview
The payments industry is undergoing ground-breaking change and ISO 20022 is at the heart of this. ISO 20022 is an internationally recognised standard for payment messages that will transform messaging standards globally.
There are two areas of change in relation to ISO 20022. RT Renewal is a strategic priority for the Bank and is introducing ISO20022 messaging into domestic CHAPS payments. SWIFT is also coordinating the migration of cross-border payments to ISO 20022 and phasing out the existing payment messages.
ISO 20022 Internal Readiness Programme
Under the ISO 20022 Internal Readiness Programme the Bank must enable ISO 20022 messaging in its capacity as a CHAPS direct participant; in its own customer banking activities; and for payments undertaken as part of its own official operations.
The Programme is divided into 4 Delivery Phases: SWIFT’s migration to ISO 20022 for Cross Border payments; CHAPS transition to enhanced MX schema with enhanced data; supporting a new core ledger as part of RT Renewal; and, enabling internal systems to send Cross Border payments and use the associated enhanced schema.
Job Description
The ISO 20022 Programme’s Business Delivery Team require an additional scale H Assistant Business Analyst to support the Bank’s transition to the new ISO 20022 messaging standard. This is a significant, complex and exciting programme, giving rise to an outstanding opportunity to work at the forefront of the changing payments landscape.
The role has clear responsibilities, with a multifaceted set of activities across a number of work streams to ensure solutions meet the business requirements and benefits, while working within the project time, cost and quality constraints.
You will report to a senior analyst (Scale F). You will work collaboratively with other scale H, G and F analysts within the Business Delivery Team; all key partners within the programme team; with impacted business areas; as well as with other projects within the Bank.
The ISO 20022 Programme’s Business Delivery Team require an additional scale H Assistant Business Analyst to support the Bank’s transition to the new ISO 20022 messaging standard. This is a significant, complex and exciting programme, giving rise to an outstanding opportunity to work at the forefront of the changing payments landscape.
The role has clear responsibilities, with a multifaceted set of activities across a number of work streams to ensure solutions meet the business requirements and benefits, while working within the project time, cost and quality constraints.
You will report to a senior analyst (Scale F). You will work collaboratively with other scale H, G and F analysts within the Business Delivery Team; all key partners within the programme team; with impacted business areas; as well as with other projects within the Bank.
Responsibilities will include:
Alongside others on the team:
Customer Engagement - To help facilitate the migration of the Bank’s customers to ISO 20022 messaging. You will do that by:
• Understanding their migration plans
• Coordinating their testing with the Testing Manager
• Advising and answering customer queries
• Coordinating meetings with key customers (Government and CCPs)
Operational Readiness - Support business teams to prepare for the changes that are being delivered in the various phases of the project. This will include:
• Helping to craft and develop training materials on business process and system changes.
• Helping to identify and update business process instructions
• Being involved in the production and delivery of training materials.
• craft communications to internal partners to explain the impact on business teams.
What you can expect to get from the role:
• Experience of working on high profile, fast paced, sophisticated projects
• Become a subject matter expert in ISO 20022 with transferable skills across the banking sector
• See the tangible results of your work brought to life in the beating operational heart of the Bank
Role Requirements
Minimum (Essential) Criteria
• Good communication skills: ability to communicate complex issues in an easily digestible format to specific audiences, ability to produce meaningful reports and updates to the team and seniors.
• Strong organisational skills. The need to prioritise work in a busy environment with tight deadlines
• Good interpersonal skills. Be able to develop and build relations with a variety of internal partners and external customers and to manage their expectations.
Desirable Criteria
• Previous roles within projects
• An awareness of IT systems used within transaction banking
• Previous experience of building relationships with external customers or counterparts.
• Good understanding of SWIFT messages (current MT 1, 2 and 9 category messages)
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
This specific role offers a base salary of £30,000 per annum (depending on skills and experience) on a full-time basis.
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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 31 March 2023.
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Banking Operations
Organisation
900001 - ISO20022 PROGRAMME
Job Posting
13-Mar-2023, 3:35:12 PM Show more details...
The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Banking, Payments and Innovation Directorate supports the Bank’s mission to maintain monetary and financial stability by using and sharing its expertise to: develop and operate resilient and efficient banking, payment and custody services; set and influence policy; and to promote innovation.
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 stakeholders we collaborate with. BPI has a lead role in one and a significant role in four of the Bank’s strategic priorities. The variety and immediacy of the work we do means we are one of the most outward... facing and fast moving areas of the Bank, operating the UK's high value payments system (the Real Time Gross Settlement System and CHAPS), maintaining the Bank’s readiness to provide Emergency Liquidity Assistance to banks and other financial institutions, and acting as the 'bank' within the Bank of England for government, UK CCPs and other central banks.
Department Overview
The payments industry is undergoing ground-breaking change and ISO 20022 is at the heart of this. ISO 20022 is an internationally recognised standard for payment messages that will transform messaging standards globally.
There are two areas of change in relation to ISO 20022. RT Renewal is a strategic priority for the Bank and is introducing ISO20022 messaging into domestic CHAPS payments. SWIFT is also coordinating the migration of cross-border payments to ISO 20022 and phasing out the existing payment messages.
ISO 20022 Internal Readiness Programme
Under the ISO 20022 Internal Readiness Programme the Bank must enable ISO 20022 messaging in its capacity as a CHAPS direct participant; in its own customer banking activities; and for payments undertaken as part of its own official operations.
The Programme is divided into 4 Delivery Phases: SWIFT’s migration to ISO 20022 for Cross Border payments; CHAPS transition to enhanced MX schema with enhanced data; supporting a new core ledger as part of RT Renewal; and, enabling internal systems to send Cross Border payments and use the associated enhanced schema.
Job Description
The ISO 20022 Programme’s Business Delivery Team require an additional scale H Assistant Business Analyst to support the Bank’s transition to the new ISO 20022 messaging standard. This is a significant, complex and exciting programme, giving rise to an outstanding opportunity to work at the forefront of the changing payments landscape.
The role has clear responsibilities, with a multifaceted set of activities across a number of work streams to ensure solutions meet the business requirements and benefits, while working within the project time, cost and quality constraints.
You will report to a senior analyst (Scale F). You will work collaboratively with other scale H, G and F analysts within the Business Delivery Team; all key partners within the programme team; with impacted business areas; as well as with other projects within the Bank.
The ISO 20022 Programme’s Business Delivery Team require an additional scale H Assistant Business Analyst to support the Bank’s transition to the new ISO 20022 messaging standard. This is a significant, complex and exciting programme, giving rise to an outstanding opportunity to work at the forefront of the changing payments landscape.
The role has clear responsibilities, with a multifaceted set of activities across a number of work streams to ensure solutions meet the business requirements and benefits, while working within the project time, cost and quality constraints.
You will report to a senior analyst (Scale F). You will work collaboratively with other scale H, G and F analysts within the Business Delivery Team; all key partners within the programme team; with impacted business areas; as well as with other projects within the Bank.
Responsibilities will include:
Alongside others on the team:
Customer Engagement - To help facilitate the migration of the Bank’s customers to ISO 20022 messaging. You will do that by:
• Understanding their migration plans
• Coordinating their testing with the Testing Manager
• Advising and answering customer queries
• Coordinating meetings with key customers (Government and CCPs)
Operational Readiness - Support business teams to prepare for the changes that are being delivered in the various phases of the project. This will include:
• Helping to craft and develop training materials on business process and system changes.
• Helping to identify and update business process instructions
• Being involved in the production and delivery of training materials.
• craft communications to internal partners to explain the impact on business teams.
What you can expect to get from the role:
• Experience of working on high profile, fast paced, sophisticated projects
• Become a subject matter expert in ISO 20022 with transferable skills across the banking sector
• See the tangible results of your work brought to life in the beating operational heart of the Bank
Role Requirements
Minimum (Essential) Criteria
• Good communication skills: ability to communicate complex issues in an easily digestible format to specific audiences, ability to produce meaningful reports and updates to the team and seniors.
• Strong organisational skills. The need to prioritise work in a busy environment with tight deadlines
• Good interpersonal skills. Be able to develop and build relations with a variety of internal partners and external customers and to manage their expectations.
Desirable Criteria
• Previous roles within projects
• An awareness of IT systems used within transaction banking
• Previous experience of building relationships with external customers or counterparts.
• Good understanding of SWIFT messages (current MT 1, 2 and 9 category messages)
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.
We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to flexible working patterns.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.
The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.
This specific role offers a base salary of £30,000 per annum (depending on skills and experience) on a full-time basis.
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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 26 days annual leave with option to buy up to 12 additional days through flexible benefits. (Note: effective from April 2023)
• Private medical insurance and income protection.
Employment in this role will be subject to National Security Vetting clearance and the passing of additional Bank security checks in accordance with Bank policy from time to time. Further information of vetting and security clearance requirements for the role will be provided to the successful applicant. Further information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.
The closing date for applications is 31 March 2023.
Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
Primary Location
UK-ENG-London
Job
Banking Operations
Organisation
900001 - ISO20022 PROGRAMME
Job Posting
13-Mar-2023, 3:35:12 PM Show more details...
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