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Senior Operational Analyst, Collateral Management & Custody

An opening for a Scale F Senior Operational Analyst role has arisen on the CMC team.

The main responsibilities of the roles are as follows:

• Lead responsibility for analysing policy changes and project requirements to ensure continued contribution to the Bank's Monetary Policy and Financial Stability objectives.
• Maintain a detailed understanding of the work of the team both as part of business as usual but also emergency and contingency operations and at times potentially specialising in areas of the team's operations.
• Good knowledge of the legal and operational documentation that underpins the Bank's Custody, Scheme and Official Operations i.e. Bank of England Market Operations Guide, Customer Terms & Conditions, Operating Procedures etc.
• Act as lead (or provide oversight/mentor) to coordinate the delivery of changes within CMC.
• Be part of the CMC Management team ensuring that the team meets its own objectives and responsibilities.
• Perform first assessor Line Manager Responsibilities for team members
• Identify and engage with new ideas for the team and process improvements.
• Introduce improvements and drive them all the way through to delivery.

• Ability to drive and deliver own work with minimal management oversight.
• Proven change delivery and strong stakeholder management.
• Ability to take an inclusive approach to management, bringing out the best in and developing the talents of each individual given a variety of different backgrounds.
• Ability to lead and support Diversity and Inclusion initiatives and encouraging others to do the same.
• Able to prioritise multiple and diverse work streams simultaneously whilst maintaining a high standard of accuracy.
• Clear communication style both in written and verbal form with the capability to explain complex issues clearly to all levels.
• The ability to drive the agenda and gain the consensus of collaborators to ensure a good outcome for the area and the wider Bank.
• Demonstrate good negotiating and customer management skills.
• Strong problem solving skills to be able to get to the bottom of an issue quickly.
• Decisive and calm under pressure, being able to effectively weigh up the risks versus benefits of different options when dealing with change and issues.

• Knowledge and experience of the Bank’s Official Operations.
• People management experience.
• Settlement systems or operational experience.

Please do not be put off if you do not meet all of the criteria listed, we will still consider your application.

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.

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. We expect colleagues to spend a minimum of 50% 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 between £48,000 - £60,840 per annum (depending on skills and experience) on a full-time basis.

• 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%)

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 24 February 2023