Banking and Securities Operations Analyst

Future changes to the Bank's balance sheet, and the speed of innovation in the fixed income and securities settlement markets, means we need to expand our teams to support the increase in operational and project/change demands. We are currently recruiting for the following roles in the Central Banking Operations Division:Operations Analyst, and Senior 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: 3 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., 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 participating in key change initiatives and identifying impact of any operational policy decisions or market led changes. The jobholder will support 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 in all aspects of the teams work both as part of business as usual but also emergency and contingency operations.
• Undertaking analyses on and assisting with key policy decisions that impact the team or operations that the team performs.
• Supporting and or leading the delivery of small change impacting business operations /and or systems from analysis through to delivery.
• Discovering and adopting innovative ideas and process refinements that could improve efficiency and implementing them.
• Be part of the CBOD Management team ensuring that the area meets its own objectives and responsibilities.
• 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 team and wider CBOD risk reporting.
• Perform Line Manager Responsibilities for team members.
  
  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:
• Settlement systems or operational experience.
• A keen interest in the Bank's facilities and operations and how they work in practice.
• Ability to work autonomously with good workload management skills.
• Change delivering experience, from analysis through to testing and implementation.
• Good problem-solving skills with an ability to effectively weigh up the risks versus benefits when issues arise.
• Experience of line management, with an inclusive approach, bringing out the best in and developing the talents of each individual.
• Strong 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 beyond their comfort zone.
• Strong track record of meeting tight deadlines, balancing multiple tasks and working collaboratively and effectively with others.
• 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 Operation's team(s).
  
  The Central Banking Operations Division (CBOD), within the Banking Directorate, manages the settlement of the Bank's securities and fixed income operations. The teams within 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 performing 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., 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.

This role offers a salary of £48,870.00. This role also currently benefits from an additional Banking Operators Allowance - This is a non-pensionable cash amount equivalent to £4,000 per annum for full time employees, pro-rated for part-time staff in accordance with their working pattern. This will be paid in equal monthly instalments and will be subject to tax and national insurance. It is paid in addition to base salary and will not affect the value of benefits, performance award or pension contribution. In addition, we also offer a comprehensive benefits package as detailed below:
• 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