DIRECTORATE OVERVIEW

The 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.

JOB DESCRIPTION

This role offers an exciting opportunity to join the Market Settlements Team (MST) within the Central Banking Operations Division (CBOD) and develop expertise in some of the Bank’s core financial operations. The advertised role supports the timely and efficient settlement of securities and other transactions in support of the Bank’s own foreign currency reserves, and those of HM Treasury – making this a great opportunity to understand a wide range of products, policies and schemes implemented by the Bank. The jobholder will have knowledge and experience in one or more of the following areas: collateral management, securities settlement, asset servicing or derivative products. The jobholder will also 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.

ABOUT YOU

A strong candidate will 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, with on-the-job training provided.

MAIN JOB ROLE RESPONSIBILITIES

• Daily Operations Management: to ensure the 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 a guide and mentor to team members, providing support to the team and in investigating and resolving operational issues.
• Change Implementation: assisting with the implementation of change initiatives that both impacting business operations and systems use. This includes completing requirements for change, testing, and reviewing test output.
• Management Information: produce and present management information on the values and volumes of work processed by the team, including analysis to identify trends and key drivers in the data.
• Operational Excellence: identifying and driving forward improvements within the team as well as promoting a culture of continuous improvement amongst team members.
• Relationship Management: work closely with clients and custodians, representing the team at internal and external meetings, and maintaining and improving working relationships.