Manager, Data & Statistics London
Job description
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. Data and Statistics Division (DSD) is the Bank’s centre of expertise for compilation, dissemination and publication of regulatory and statistical data, promoting innovation and quality to support analysis, policy and decision making by the Bank’s Committees, UK government departments and international organisations. Data are collected from banks and buildings societies, credit unions, insurance companies and supervised mortgage lenders and administrators. This takes place via 35 statistical collections and over 200 regulatory collections. We cleanse a sizeable proportion of these datasets and publish a large number of Statistical data via our interactive database. We support MPC, FPC and PRA Board and our data are used in the Inflation Report, Financial Stability Report, Credit Conditions Review, Stress Test Results, FPC Core Indicators and Quarterly Bulletin. Department Overview The Data and Statistics Division (DSD), part of the Bank’s Data and Analytics Transformation Directorate (DAT), is the division with responsibilities that span production and management of some of the Bank’s core datasets. The directorate more broadly is responsible for aspects of data management and data culture that reach into the working lives of almost all Bank staff. This is a time of significant change as the way we collect and handle data, and compile statistics, evolves in the light of the use of new technology with DSD at the forefront. The change draws on a wide range of skills, including data management; data science; data systems, data modelling and subject matter expertise in aspects of economics, statistics & banking and insurance supervision including people and process management. The advertised role(s) will have responsibility to manage the operations of the Banking Operations team or the Insurance Operations team of the division’s Regulatory Data Group (RDG). The Regulatory Data Group’s primary focus is to contribute to the Bank of England core purposes and external commitments by collecting and quality assuring regulatory data in our role as Data stewards for the PRA Currently, there are four main operational teams within RDG. these are Banking Operations, Insurance Operations, Household & Rates and RDG Change teams. The Banking team provides data to a range of users, including supervisors in the PRA, Bank for International Settlements (BIS) and International Monetary Fund (IMF). The team's responsibilities include overseeing most supervisory data collections, including high profile Pillar 2 liquidity data. The team also supports our users through timely and high-quality statistical releases, reports, analytics, and provision of expertise. And we are also responsible for responding to internal & external stakeholders through shared mailbox management. The Insurance team in the same vein ensures the collection, quality assurance and dissemination of regulatory insurance and credit union data for use across the Bank, PRA and FCA. The team’s responsibilities also include the management and external publication of Solvency II data, Insurance Aggregated Data Report, Credit Union data and the sharing of these data with external partners like the Office of National Statistics (ONS), Organisation of Economic co-operations and Development (OECD) and the International Association of Insurance Supervisors (IAIS) to name a few. What are we looking for? RDG are looking to fill a couple of roles, and we are looking for people with management experience to lead a team of up to 10 staff, consisting of analysts, data scientists and research assistants. The successful candidates will need to set strategic focus for their team, lead the day-to-day operations of the team and work alongside the RDG management team to help deliver the overall RDG strategy. This includes prioritising between business-as-usual delivery and dedicating resources to change initiatives and leading on using data science techniques where relevant to automate existing processes. At the core of our work, RDG is responsible for delivering quality assured regulatory data for use by the PRA and other internal partners. In this role, the successful will candidate will have regular engagement with internal and external partners and contribute towards Bank-wide projects, such as the Regulatory Banking Data Review and Transforming Data Collection work streams or lead and or be involved in the data quality workstream of the Solvency II reform project. The role also includes responsibility for the team’s core outputs, such as the Regulatory Banking Capital Statistical Release and the UK’s contribution to the IMF’s Financial Soundness Indicators or responsibility for the Insurance Aggregated Data Report and Credit Union (Annual and Quarterly) publications. The role will require the candidate to line manage a few direct reports and split their time between managing the work of the team and delivering on their own priorities and workload. The division of these responsibilities will depend largely on the skills, interests, and experience of the successful applicants Role Requirements Minimum (Essential) Criteria Experience of working within the UK financial services industry and/or regulatory or similar environment Practical management and leadership experience within an operational heavy output environment, with experience of tangibly improving diversity and inclusive culture. Experience of analysing data and the ability to interpret statistical and data science work carried out by others. The ability to explain complex technical issues and solutions in a simple and accessible manner using a combination of written, spoken and numerically based communication approaches. Strong demonstrable interpersonal and influencing skills, to effectively work with, build, and maintain relationships with internal and external customers Excellent workload management and an ability to prioritise effectively, with a strong aim to respond to urgent issues and push through developmental changes. Desirable Criteria Experience of / familiarity with the PRA Supervision and/or Authorisations processes A good understanding of finance, banking and /or insurance (including the regulatory framework). Understanding of potential benefits, risks and practical applications of programming languages (such as R, Python and SQL) in numerical analysis and data quality. Knowledge of using some form of collaboration, version control and DevOps tools including but not limited to Jira, Confluence, Azure DevOps, Git is an added advantage. #LI-RA2 Qualifications 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. You can find more information on what this means . If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application. Salary and Benefits Information This specific role offers a base salary of circa £62,700 - £79,470 per annum (depending on skills and experience) on a full-time basis. 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 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. · 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 at 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 closing date for applications is 3rd August 2023 The assessment process will comprise of – (Application, 1st stage interview, 2nd stage Interview) 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. Bank of England
