Senior Banking and Securities Operations Analyst in Collateral Management a

at  Bank of England

Future changes to the Bank’s balance sheet, and the speed of innovation in the fixed income and securities settlement market, means we need to expand our teams to support the increase in operational and project/change demands.
We are currently recruiting at the following roles in the Central Banking Operations Division:
Senior Operations Analyst and Operations Analyst
If you would like to be considered for both analyst positions, please include this information in your application.
This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area’s aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

JOB DESCRIPTION

This is an exciting opportunity to join the Central Banking Operations Division (CBOD), develop knowledge and gain expertise in some of the Bank’s core financial operations. The role supports the timely and efficient settlement of securities and critical operational processes – making it a great opportunity to develop a good understanding of a wide range of products, policies and schemes implemented by the Bank. The jobholder will be a key member of the management team taking responsibility for and ownership of several key initiatives, The jobholder will play a pivotal role in identifying and influencing operational policy decisions and supporting the success of key projects, acting as escalation for the team(s) when incidents occur, and ensuring the team adheres to the Bank’s risk management policies and requirements.
There will also be opportunities to work closely with a number of teams across the Bank such as the front office trading desks, middle office and operational risk.

ABOUT YOU

A strong candidate is likely to be able to demonstrate most of the following essential attributes and experiences. The successful candidate does not need to be a technical authority in all areas from day one; a proactive approach to learning and developing is key. We are looking for potential and a willingness to learn and will provide on the job training.

THE MAIN RESPONSIBILITIES ARE:

• Being a source of technical expertise and maintaining a detailed understanding of the work of the area both as part of business as usual but also emergency and contingency operations.
• Leading analyses on and in influencing key policy decisions that impact the team or operations that the teams perform.
• Acting as a lead (or providing oversight/mentoring) in the delivery of large change initiatives impacting business operations /and or systems from analysis through to delivery.
• Discovering and adopting innovative ideas and process refinements, seeing them through to completion to reduce risk and improve efficiency.
• Be part of the CBOD Management team ensuring that the area meets its own objectives and responsibilities.
• Responsibility for maintenance and upkeep of the Bronze Crisis Management documentation including planning and organisation of regular tests.
• Acting as a Risk Officer; working with the other analysts and the operational team to identify operational risks, contributing to the production of risk reporting both within the operational team and also wider CBOD risk reporting.Perform Line Manager Responsibilities for team members.

This role offers a salary of circa £52,730 - £60,840 . 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