Research Assistant in Regulatory Data Group

at  Bank of England

The Data and Statistics Division (DSD), part of the Bank’s Data and Analytics Transformation Directorate (DAT). The directorate more broadly is responsible for aspects of data management and data culture that reach into the working lives of almost all Bank staff.
The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

JOB DESCRIPTION:

RDG is looking for a motivated Research Assistant to work with the team to quality assure large quantities of data. The position will involve collaborating with other Research Assistants to facilitate essential operational tasks.
As part of the role, the position holder will take part in our quarterly data plausibility checking rounds. This will combine a knowledge of intricacies of banking business models and financial data, as well as analytical skills to check a large volume of data. They will also assist with the checking and compilation of published quarterly statistics.
The team is responsible for the monitoring of many regulatory queries, which require triaging and responding to in a timely manner, therefore, the position holder will have to combine strong organisational and stakeholder management skills to effectively resolve issues relating to regulatory data.

The specific responsibilities undertaken by the position holder will depend on their skills. As part of this, they will:

• Conduct checks on banks regulatory returns, to understand or identify any large or implausible movements.
• Work within a team of other Research Assistants and Analysts by providing support for a number of operational tasks.
• Explain the technicalities of, and movements in the data, in response to queries from internal and external users.
• Work on process improvements through:
• Maintaining and developing scripts (in R and Python) for processing data
• Crafting and implementing processes for cleaning data.

As part of the SONIA remit, the successful candidate will work flexible hours, whilst participating in the occasional shift from 6am-9am, on a rota basis. The high-profile nature of this work will require the successful candidate to work under pressure and to tight deadlines, to quality assure SONIA-eligible activity ahead of 9am publication. Participating in SONIA provides the opportunity to work with different areas of the Bank, contributing directly to the Bank’s mission of maintaining financial stability.
The position holder will also be encouraged to actively challenge the way we work and suggest ways in which we can use technology to work more optimally and inclusively as a team.

The specific responsibilities undertaken by the position holder will depend on their skills. As part of this, they will:

• Conduct checks on banks regulatory returns, to understand or identify any large or implausible movements.
• Work within a team of other Research Assistants and Analysts by providing support for a number of operational tasks.
• Explain the technicalities of, and movements in the data, in response to queries from internal and external users.
• Work on process improvements through:
• Maintaining and developing scripts (in R and Python) for processing data
• Crafting and implementing processes for cleaning data

This role offers a salary of circa £26,960 - £30,330. 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