Bank of England Careers – Best Jobs in United Kingdom
Bank of England Careers – The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.
Bank of England Careers
We are a diverse organization. Each of our 4,000-plus people is committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Please Apply online on Bank of England Careers, 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.
Join Now Bank of England Careers
How to Apply
You can search for and Apply for Bank of England Careers on our careers website opens in a New Window.
We also offer early career schemes and placements for school leavers and graduates. And we run an annual career returners program for people who are returning to work after an extended break.
Where will I work?
Our national footprint, including offices in London and Leeds, helps us to better serve and represent the people of the UK, gain better insights into the economy and support our mission to maintain monetary and financial stability for the whole country.
The majority of roles are located at either our London offices in Bank and Moorgate or our Leeds city center office.
Disability Confident scheme
We’re a member of the Disability Confident scheme. This means that applicants who share their disability with us and meet the minimum requirements of the job description are fast-tracked to the first stage of assessment.
Test
You may have to sit a test or a short series of tests before we can consider you for an interview. This is usually the case for analytical, clerical, or administrative roles. We will give you information ahead of time if you have to sit a test.
Interview
Whichever role you apply for, if you are successfully shortlisted, you will need to attend an interview (either virtually or in person at our offices). This will be with two members of staff and maybe also someone from our recruitment team.
The Bank of England Careers interview will cover your CV or application form, questions about the skills and experience required for the role, and questions relating to Our Bank Behaviours.
Our Bank of England Careers Behaviours define effective behaviors we need to reflect in our daily working practices, encouraging everyone to act in a way that empowers us to give our best.
For the majority of roles, you may be invited to attend a second interview with a senior manager and if you have applied for a senior or specialist role, there may also be a third interview.
We are an equal opportunities employer and are committed to ensuring that reasonable adjustments are made to our selection processes where needed and that workplace adjustments are available to our employees.
How we’ll contact you
We’ll email you after the closing date to let you know if you have gotten through to the next stage of the selection process.
After you have had an interview, we aim to get back to you within a few weeks.
Pre-employment checks
If we offer you a job, the offer will depend on:
- Satisfactory references
- Security clearance
- Identity checks
- Criminal record checks
- Credit checks
- Proof of qualifications
- Immigration clearance (where relevant).
- You will also need to complete a medical questionnaire.
Please note, National Security Vetting (NSV) is required for all staff joining the Bank of England, and there are the following geographical limitations on this:
- We cannot conduct NSV on any individual, be it a contractor or member of staff, if they have no UK footprint and have no intention of working from a UK jurisdiction (such as UK embassies and other UK ‘managed’ locations).
- We cannot maintain NSV clearance on any vetted individual if they travel for work to a location outside the UK jurisdiction beyond an approved maximum of three months.
Career Returners Programme
If you’ve had an extended Bank of England Careers break and you’re thinking of moving back into a professional role, this could be for you.
It is a paid, six-month placement, and it could lead to a permanent job with us.
Find Out More
Senior Manager
This is a leadership role so the jobholder will be required to take ownership of setting the strategic direction for our data work, getting agreement from senior leaders, and ultimately delivering the D&A strategy. Specific responsibilities include:
- Develop and implement a D&A strategy rooted in applying data science techniques that proactively and effectively supports strategic and operational policy decision-making.
- Champion the adoption of data analytics and science approaches/methods to come up with practical solutions to problems.
- Lead and transform the D&A function into a center of excellence for payments data and analytics which is recognized by customers within the Bank and across the payments industry.
- Build and maintain a strong relationship with the Data Strategy & Implementation Division. Ensure that the D&A strategy, framework, governance, and policies are aligned with DAT/DSID strategy for the wider Bank.
- Own the D&A budget ensuring resources are appropriately managed in a way that demonstrably delivers value for money. Run the Change backlog for D&A tools and engage proactively with the RTGS Technology team to secure resources for the upkeep and maintenance of D&A systems, devices, and infrastructure.
Product Delivery Lead
Your key responsibility will be to ensure that operational policies and payment message data standards are consistent with the Bank’s current and developing payment services.
This may require changes/development of the policies and standards; or may require changes in the design/delivery of the services. To achieve this, the team needs to influence plans or proposals to transform payment services.
As product delivery lead you will be responsible for ensuring a wide range of tasks are delivered, including:
- Lead the Bank’s engagement with domestic and international efforts to harmonize and modernize payments data messaging standards. Develop a long-term roadmap for enhancing RTGS standards in response to demands from users and changes in industry standards.
- Drive cross-Payments/Bank coordination in the translation and implementation of new policy proposals (including on cost recovery) into operational policy, processes, and assurance for the RTGS service.
- Manage access policies for settlement accounts and the provision of central bank money settlement services. Evolve these policies to adapt to emerging trends in payment services while promoting the Bank’s stability remit. Maintain and update the documentation governing the provision of RTGS services.
- Develop and implement the cost recovery policies for RTGS and CHAPS, ensuring they support the Bank’s public policy aims for this critical national infrastructure.
- Stakeholder management – Lead engagement and build collaborative relationships with customers seeking to use RTGS /CHAPS services to deliver novel payment solutions. This may come, for example, in engaging: the first applicant for a new offering or when an applicant wants to use an existing service differently. Represent the Bank in senior meetings with other central banks and the payments industry to cooperate on the harmonization of data standards and coordinate the implementation of new policies.
Principal Architect – (CBDC)
We are looking for diverse, creative, and technically minded Principal Architects to join a team of technology specialists, working alongside a wider team of economics and policy-focused colleagues.
The responsibility of the Principal Architect will be to shape the technology design and architecture options for a potential retail CBDC. This will involve evaluating the technology choices which might deliver the functional and non-functional requirements and developing a deep understanding of a (range of) potential architectural model(s) for CBDC and its underlying design features.
The successful applicant will:
- Be comfortable acting as a thought leader in a high-profile program of work on a topic of strategic significance.
- Provide expert knowledge on relevant technology disciplines, as well as direction, and collaborative leadership to our CBDC technology work across a range of technical topics.
- Demonstrate expert appreciation of the strategic and policy drivers around CBDC, in order to proactively engage in critical thinking about technology challenges and opportunities.
- Line manage colleagues within the technology team and guide their technical development.
- Devise technical solutions to difficult and unique problems independently, with team members, or with external authorities as required.
- Establish relationships and nurture small project teams in a collaborative way to validate & prototype technical solutions.
- Identify gaps and investigate new technologies as required for their application for CBDC.
- Recommend solutions to problems, and explain and rationalize design choices, especially when multiple options are available.
- Apply judgment and critical thinking based on evaluating multiple sources of information.
- Communicate clearly orally and in writing, and demonstrate comfort advising and influencing senior stakeholders and representing the Bank both domestically and internationally.
Research Analyst
We are looking for a Research Analyst to join the Research Hub. The Research Analyst will be providing research assistance to the permanent staff of the Research Hub and to Hub secondees.
The responsibilities consist of the following:
- Providing statistical and programming assistance related to Hub research projects.
- Working autonomously on data cleaning, processing, manipulating, and analyzing large datasets.
- In time the job holder will become the go-to person for processing several (confidential) Bank datasets.
- Performing ad hoc assignments that support the Research Hub.
Senior Researcher
This is an exciting role at the very heart of policymaking at the Bank. The role offers the opportunity to engage directly with MPC members on questions of monetary strategy. While our primary policy customers are the MPC, there will also be opportunities to work with other areas of the Bank (especially those serving the FPC).
At its May 2023 Meeting, the Bank of England’s Court of Directors commissioned a review of the Bank’s forecasting and related processes during times of significant uncertainty. Part of the role will include, along with others on the team, engaging in the division’s engagement with the review.
Responsibilities will include:
- Present to the MPC on monetary strategy issues, advising the committee on monetary policy and communications.
- Assist with the development of models and toolkits to improve the team’s analysis.
- Link the latest academic thinking on monetary policy to the issues facing the MPC and the wider Bank.
- Engage with MPC members and Governors via speeches and briefings.
- Conduct original research on BEAR research themes (with an expectation that the jobholder would be seconded to the Research Hub at some point).
Project Management Support Officer
Sitting in the PPD Projects and Business Strategy team, we are looking for a Project Management Support Officer to support the delivery of high-profile policy projects across PPD.
The person will report to other Project Managers in the team who will be able to provide support and career development opportunities. There is also an opportunity to pursue formal project management training.
Current PPD projects include developing a strong and simple prudential framework for non-systemic banks and building societies, a review of the Solvency II framework for insurers, and a wide-scale review of the data we receive from banks.
Responsibilities will include:
- Monitoring, reporting, and analysis of project progress against the project plan.
- Coordinating reviews of issues, risks, dependencies, and assumptions.
- Support Project Managers in preparing and updating project documentation such as project timelines, risk logs, and dependencies.
- Ensure project documentation is stored appropriately for future access.
- Act as the first point of contact for information on project management within the Directorate, including sharing project management tools and instructions.
- Manages meeting schedules, ensures critical stakeholders are in attendance, produces and distributes relevant material, and provides status reports. Follows up on actions after meetings take place. Provides secretariat function at meetings.
- There will be opportunities to undertake special assignments to aid growth and development.
Operational Resilience Analyst
The work is highly diverse and offers interaction with and insight into, the different functions across MBPR. The role can be shaped to suit skills and experience but offers plenty of opportunity to support the coordination of all areas of MBPR’s Operational Resilience agenda, including business continuity management, with a particular focus on cyber risk.
Typical responsibilities include:
- Supporting the team’s objective to better understand the cyber risk to MBPR and articulate this to CSD to help shape future Cyber Defence Programme workstreams.
- Working closely with Operational Risk colleagues (in MBPR COOD) to reflect cyber risk in our risk registers and identify mitigating controls and impact.
- Working with Technology, CSD, and other stakeholders to prepare our annual SWIFT Customer Security Programme attestation.
- Understanding the regulatory Operational Resilience Policy and working with central and local teams to support the coordination of MBP&R’s work to align and embed into business as usual.
- Helping to implement an exercising approach across the governorship to better plan, deliver and learn from experiences.
- Collaborating with the central Risk and Resilience team, taking the lead on responding to business resilience queries, developing new initiatives and continuous improvement, and providing analytical support to the team to enhance MBPR’s Business Continuity plans.
- Providing secretariat to the Operational Resilience Board for MB&R, helping prepare and present updates, and maintaining and monitoring actions and related workstreams.
PMO Manager
Skilled and experienced in a wide variety of project delivery specialisms, the PMO Managers will support the Bank’s portfolio, program, and project managers across a broad range of services.
Which may include:
- Leading governance processes, ensuring compliance with the delivery framework.
- Setting up and supervising portfolio or program plans and facilitating planning workshops with partners.
- Proactively monitoring projects against time, cost, and quality expectations, providing an early warning of any variances and exceptions to the Portfolio, Project, or Programme Manager
- Identifying peaks of work across projects and proposing solutions to resource contentions.
- Budget and cost management – producing accurate and timely forecasting and monitoring of actuals.
- Leading reporting processes for the portfolio or program, setting out standards, and defining reporting timetables to ensure the provision of reliable and consistent management information.
- Planning, implementing, and managing program-level RAID (risks, assumptions, issues, and dependencies) and proactively proposing solutions where issues have been identified.
- Challenging constructively and assessing the overall progress of programs and projects by reviewing progress reports and other key management information.
- Coordinating lessons learned reviews when project phases are completed, capturing and proactively disseminating the information.
- Facilitating the approval processes through which projects are initiated and added to the portfolio.
- Reviewing business cases from a benefits perspective and advising on benefit identification, tracking, and management.
- Establishing change control and configuration management processes that enforce Bank standards.
- Resource management and onboarding – Identifying and monitoring key performance indicators that may highlight capacity/capability constraints and over-commitment of resources for particular areas.
- Internal and external stakeholder management across a diverse set of senior-level leaders who may have opposing priorities.
- Supervising quality management arrangements.