Operational Analyst in Middle Office, Operational and Financial Control
at Bank of England
London, England, United Kingdom -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 18 Dec, 2024 | GBP 45000 Annual | 22 Sep, 2024 | 6 year(s) or above | Good communication skills | No | No |
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Description:
Would you like to play a key role in the operating of the Bank’s financial controls?
Here at the Bank of England, we have been at the centre of the UK economy for more than 300 years. We’re a public body and our work affects everybody. It’s hard to capture all we do in one place but here’s a good start. We print secure bank notes and oversee many of the UK’s payment systems, ensuring people can pay for things easily and safely. We set interest rates to maintain price stability, and regulate high street banks, building societies and insurance firms to maintain confidence in the financial system. Alongside looking after the UK Economy now, we’re also looking to the future. Be it shaping and delivering the future of payments or working to help the UK proactively manage the risks of climate change.
JOB DESCRIPTION
An exciting operational analyst opportunity has arisen in the Controls team, where the core focus is reconciliations and control.
The team currently consists of six people, and although your key responsibilities will be tailored around that, you will also engage more widely across the team and the division, leading and supporting a variety of control and operational excellence initiatives.
You will engage with a number of stakeholder teams, work alongside front to back-office teams across the Markets, Banking and Finance Directorates, and gain an in-depth understanding of how the Bank’s trading, banking and settlement systems integrate into the core financial reporting systems.
This is critical to the team as it plays a key role in the team’s core operations (financial controls/reconciliations) and support of senior analysts.
Assessment of controls and ongoing improvements are fundamental to the team’s quality assurance ethos, and you will be involved in reviews of end-to-end process flows and will take a lead role in delivering change such as M&B change initiatives. Through detailed analysis you will demonstrate a good understanding of the subject matter by incorporating fundamentals of the control framework and where applicable identify ways to mitigate control lapses and risks.
If you are an upbeat and hardworking individual looking to develop your skill set across a range of skills, this is the ideal opportunity where you will build hands-on experience learning about financial products and associated controls, and ample opportunities to be part of building a resilient team.
Responsibilities:
KEY RESPONSIBILITIES INCLUDE BUT ARE NOT LIMITED TO:
This operational analyst role will be varied and weighted towards supporting the team’s controls. Responsibilities include:
- Playing a key role in the successful completion of the team’s core controls and reporting
- Producing regular reporting; including weekly reconciliation report, incident management reporting etc, and opportunities to review the current processes and make improvements
- Producing analytical pieces of work, including operational risk assessments, incident reviews and ad-hoc analysis to support the team’s risk management function
- Leading and contributing towards projects and change initiatives, which impact the team’s functions
This role offers a salary of circa £40,000-£45,000 . 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 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
REQUIREMENT SUMMARY
Min:6.0Max:12.0 year(s)
Banking/Mortgage
Banking / Insurance
Other
Graduate
Proficient
1
London, United Kingdom