Senior Analyst, Data & Statistics in Operational Strategy & Delivery Team

at  Bank of England

REGTECH BUSINESS ANALYST IN ARTIS.

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.

ARTIS is a new Directorate formed in July 2021 and is formed of:

• the Authorisations Division, which deals with regulatory transactions where firms apply to carry out PRA regulated activities or make changes to the activities they undertake.
• the new RegTech, Data and Innovation Division; and
• the four divisions responsible for the supervision, as a host regulator, of the UK activities of banks, custodians and designated investment firms headquartered in over 50 overseas jurisdictions – including some of the world’s highest profile firms.

This role is within the RegTech, Data and Innovation Division (RDID), which works to deliver against the PRA Strategic Review objective to make the most of data and technology, consistent with the wider Bank’s Strategic Priority 7 to modernise the Bank’s ways of working.
In September 2021, PRC agreed a multi-year programme to ‘deliver a step change in the PRA’s efficiency, effectiveness, and data culture by 2026, through phased investment in tools, technology, processes and skills.
Since then, RDID has been working hard with colleagues across the PRA and in the wider Bank to help ensure we are equipped to deliver against that ambition. In 2022, we laid the foundations and multi-year forward plan in the PRA 2026 strategic data roadmap, as well as rolling out early tools and platforms. In 2023, we entered delivery mode for the agreed priority projects within that roadmap.

RDID is made up of four teams:

• Data Governance Team
• Digital Transformation Team
• Operational Strategy & Delivery Team
• Technical Capabilities Team

1. BUSINESS REQUIREMENTS ANALYSIS:

• Collaborate with our stakeholders to gather, analyse, and document business requirements.
• Conduct workshops, interviews, and surveys to elicit detailed business needs.
• Develop clear and concise requirements documentation, including user stories, use cases, and process flow diagrams.
• Drive the adoption of industry best practices both in terms of tools and techniques for effective business analysis and ensuring it is done it a collaborative, inclusive manner.

2 . Strategic Stakeholder Engagement:

• Build effective and collaborative relationships with a wide range of colleagues internally across the Bank and with our external stakeholders.
• Enable different communication channels and collaboration among stakeholders.
• Have awareness of strategic business aims in the PRA to engage in critical thinking about possible problems and opportunities.
• Develop business cases and feasibility studies for proposed solutions and initiatives.

This role offers a salary of circa £47,430 - 54,720. 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