TThe Bank of England is the UK’s central bank. Each of its 4,800 people are committed to public service and dedicated to its mission to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.

INDUSTRY LEADING KNOWLEDGE OF DATA PRODUCTS AND PLATFORMS, AND THE ABILITY TO APPLY THIS IN SUPPORT OF THE BANK’S MISSION AND STRATEGIC PRIORITIES

• Detailed understanding of the data environment, with extensive experience of utilising emerging and traditional data gathering, collation and analytical techniques to ensure the effective delivery of the Bank’s data strategy.
• Technical depth to deliver a compelling roadmap/strategy to support the Bank’s data collection and analysis and demonstrate flexibility in responding to market shifts and colleague feedback.
• Be data centric and embrace analytics as an input into decision making.

EXCELLENT COMMUNICATION AND STAKEHOLDER MANAGEMENT SKILLS

• Ability to interact with a wide range of stakeholders including Governors, fellow Executive Directors, Bank of England staff, HMT and other government departments
• Track record of building partnerships with key organisations in the data sector and have a detailed understanding of data analytics capabilities and trends to enable the Bank to deliver its mission.As part of this, the jobholder will be expected to explain the role and technical decisions of the data directorate to a wide audience of stakeholders both within and outside the Bank.

ROLE AND RESPONSIBILITIES

The Chief Data Officer (CDO) is a key member of the Bank of England’s senior leadership team as the Executive Director responsible for overseeing the data collection and analysis functions which support the decision making of the Bank’s Policy Committees, UK Government and international organisations.
Reporting to both the Deputy Governor for Monetary Policy and the Chief Operations Officer, the CDO will play a pivotal role in the delivery of the Bank’s ambition to be a digitally enabled central bank. As part of this, the CDO will deliver an ambitious work programme aimed at modernising the Bank’s analytical infrastructure and ensuring the Bank has the skills and capabilities required to support the Bank’s longer-term utilisation of data and analytical tools.

The Data directorate currently comprises three areas of expertise:

• Data and statistics : Collection, compilation and publication of regulatory and statistical data collected from the financial sector, including banks, insurers and building societies.
• Data strategy design and implementation: Providing the tools, platforms, training and culture to ensure the Bank can make the best use of data and analytics to fulfil its mission.
• Advanced Analytics: Centre of expertise for advanced analytics, inductive techniques and big data with key outputs ranging from briefing for the Bank’s Policy Committees, research for publication in academic journals as well as ad hoc analytical issues.

Specific responsibilities of the CDO include:

• Delivery of a data governance/management framework, setting out how data should be managed internally and ensuring buy-in throughout the Bank for changes relating to operating model and ways of working.
• Dvelopment and delivery of data and analytics capabilities that support the Bank in meeting all of its policy and operational remits.
• Ownership of the Bank’s long-term programme to modernise and transform the way it collects data from the financial system.
• Overseeing the compilation and publication of regulatory and statistical data. This involves the collection of large volumes of data from the financial system, the validation and analysis of that data, and helping users both within and outside the Bank understand our data and statistics.
• As one of the Bank’s Executive Directors, contribute to the collective leadership of the organisation as an active member of several Executive Committees. In particular via membership of executive operational and investment committees to ensure successful delivery of the Bank’s change and investment programmes

• Promotion of a data driven culture, supporting teams across the Bank to improve their use of data and analytical technology.Working alongside the Chief Information Officer, have responsibility for supporting delivery of the data related recommendations of the recent review of the Bank’s technology function.

This role offers a competitive salary. In addition, we also offer a comprehensive benefits package as detailed below:

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• An 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