Team leader, Data & Statistics in MONEY AND CREDIT GROUP

at  Bank of England

Data and Statistics Division
The Data and Statistics Division (DSD) is part of the Data and Analytics Transformation Directorate (DATD). It is a division with responsibilities spanning production and management of some of the Bank’s core datasets, to aspects of data management and data culture that reach into the working lives of almost all Bank staff. This is a time of significant change: the way we collect and manage data, and compile statistics, is evolving as we seek to make use of new technology and techniques. This means drawing on a wide range of skill sets, including: data management; data science; operational work; subject matter expertise in aspects of economics, statistics; and people and process management.
Money and Credit Group
This role sits in the Money and Credit Group’s (MCG) statistical team, whose primary focus is to quality assure, produce, explain and publish the Bank’s monthly money and credit statistics. The role is specifically within the Balance Sheet Team, that is responsible for publishing aggregate data on reporting firms’ balance sheets, Bank of England publications such as the Weekly Report, and consolidated Balance Sheet, as well as data around firms’ usage of The Bank of England’s sterling monetary framework operations.
We also quality assure SONIA submissions, to promote confidence in this published benchmark rate for sterling markets. We are making increasing use of tools such as R and Tableau in our work, as we strengthen our capacity to deal with both our focused objectives and also contribute to the wider Division.
Job Description
This role involves managing people, developing data insights, and owning processes: you will be responsible for the day-to-day management of a team that produces high profile data. These data feed into, and influence, some of the Bank’s core functions such as the MPC and FPC, whilst also meeting the Bank’s obligations towards external stakeholders such as the Office for National Statistics, the IMF and the BIS. You will support and guide the team’s delivery of statistics throughout the monthly production cycle, ensuring that they consistently meet the high quality that users expect. You will also engage in a wide range of broader analytical and process improvement projects, as well as supporting your team on their own projects At the same time, you will help the team identify and develop new and innovative ideas and techniques to keep processes as agile and efficient as possible. In doing this, you will collaborate with managers and other team leaders (both within MCG and across the Division more widely) to ensure that we maintain a cohesive and open approach towards sharing of knowledge and improving processes.
This opportunity provides great scope for developing management and leadership skills through directly managing a broad range of team members. You will have to apply your problem solving skills regularly to tackle operational issues as they arise, whilst building strong supportive relationships with reporting bank teams and internal users of our data. A wider interest in economic headline stories is useful, as you will try to link patterns you see in our data to these stories. You will work with our Markets colleagues to try and identify movements of interest in our data and seek to identify early trends in the data.
DAT is in the build phase of developing a new data reporting system, a specialist team is working on delivering this product, but you will play a key role in engaging with the team as a prospective end user and providing feedback to ensure the final system is fit for purpose. This role will also enable you to gain exposure to a wide variety of data and statistical techniques, including seasonal adjustment and virtual calculations. Whilst you do not need to be a subject matter expert on these topics, you will be heavily involved in governance and providing direction/constructive challenge to those with deep knowledge, to ensure successful, rigorously tested outcomes.
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.

ROLE REQUIREMENTS:

Minimum Criteria

• Proven ability to lead a team during to achieve results to challenging deadlines without compromising on overall team wellbeing
• Proven ability to critically assess data, identify drivers in changes, and where data quality issues may have arisen
• Ability to prioritise personal, immediate team and wider team objectives using limited resources.

Essential Criteria

• The ability to critically assess data at both a micro level, to ensure developments in bank balance sheets are identified and understood, and at a macro level, to ensure key stories are identified and communicated.
• Excellent workload management skills and ability to deliver to deadline, including in the face of new, unfamiliar and at times urgent issues.
• Strong communication, interpersonal and influencing skills, to effectively work with others both within MCG/DSD, as well as externally, such as with reporting institutions.
• Leading teams/delivering projects from conception to completion.

Desirable Criteria

• An understanding of any of the following: economics; financial markets; balance sheets; financial accounting.
• Broader experience of coaching or managing people, and achieving results through others.
• Knowledge of, or a desire to learn, coding packages such as R, Python or Tableau.
• Strong numerical skills and an understanding of statistical concepts, including seasonal adjustment.

This role offers a salary of £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.
• An 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