Senior Analyst-IT, Specialist Change and Operational Risk

at  Bank of England

JOB DESCRIPTION

This role is based in the Change and Outsourcing team. The team’s mission is to contribute to building the resilience of the sector and the UK financial institutions by supporting the authorities’ oversight of the risks associated with large IT transformation projects and material outsourcing arrangements at firms.

The post holder will support workstreams around assessing firms against regulatory expectations as part of the Bank’s approach to operational risk and resilience. This may include:

• Performing reviews of IT transformation projects and outsourcing arrangements within the PRA regulated firms and FMIs, including on a thematic basis
• Understanding, articulating and assessing operational risk and resilience management of the PRA regulated firms, FMIs and designated critical third parties
• Providing support for the development and implementation of IT Change and outsourcing related policies
• Supporting engagement with domestic and international regulatory authorities
• Supporting engagement with senior stakeholders at the PRA and the systemic firms and technology service providers.

Role Requirements

• 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