Banking and Securities Operations Technician

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 have knowledge and experience of one or more of the following areas: collateral management, securities settlement, asset servicing or derivative products. The jobholder will have a mixture of operational and change management responsibilities. They will utilise their knowledge and experience to provide advice and guidance on operational issues, and work with the analysts in support of changes to processes. There will also be opportunities to engage with new and exciting projects and change initiatives, working closely with a number of teams across the Bank such as the front office trading desks, middle office and operational risk. In addition to business-as-usual operational responsibilities, we encourage innovation and new ideas to how we approach our processes, so you will be in an area where you are able to make a real difference. The main job role responsibilities will include:

• Managing and monitoring of daily operations; to ensure timely and efficient settlement in accordance with industry and legal deadlines.
• Being a source of technical expertise in all aspects of the team's work; acting as guide and mentor to team members, providing support for team members in investigating and resolving operational issues.
• Implementing change initiatives impacting business operations and systems from analysis through to delivery; both in response to front office requirements, and the team's own initiatives. Including the completion of requirements for change and improvements to systems and in helping implement the changes through testing and reviewing test output.
• Produce and present management information; on the values and volumes of the work processed by the team. Including analysis to identify trends and key drivers in the data.
• Operational excellence and continuous improvement; identifying and driving improvements within the team, as well as promoting a culture of continuous improvement amongst team members.
• Relationship and Stakeholder management; working closely with our clients and custodians, representing the team at internal and external meetings, maintaining, and improving the working relationships.
  
  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., Knowledge and experience of one or more of the following areas: collateral management, securities settlement, asset servicing or derivative products
• Strong organisational and workload management skills, including the ability to switch between tasks and deadlines when necessary.
• The ability to work accurately and to tight operational deadlines.
• Strong interpersonal skills, being able to interact effectively with other teams at junior and senior levels, including external stakeholders.
• Able to problem solve, including identifying and providing resolutions or recommendations.
• A positive attitude to change and the ability to see how actions/changes impact on other areas.
• Confidence in the use of Excel and other Microsoft products.
• A strong desire to learn and develop new skills.
Desirable Criteria:
• Experience in projects and delivering change.
• A working knowledge of one or more of the following systems: CREST, EasyWay, Xact, OpenLink, T24, SWIFT Alliance.
Our Approach to Inclusion

The Central Banking Operations Division (CBOD), within the Banking Directorate, manages the settlement of the Bank's securities and fixed income operations. The teams 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.

The role you are applying for has a pay and development framework in place. This includes a starting salary of £39,360 with the opportunity to progress after approximately 18 - 24 months, contingent upon acquiring the necessary skills and knowledge to transition to the experienced level. The framework will provide clarity on the skills to be developed and our expectation is that all staff who invest in their development will achieve this pay progression. 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. 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. 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