An exciting and high profile opportunity has arisen for a highly motivated individual to join the Bank’s Payment Systems Risk function on a 23 month fixed term contract. Working in a diverse risk management team you will be responsible for producing thematic and specific risk analysis to support executive decision-making. Areas of focus include Credit & Liquidity, Operational and Cyber risk, considered from both a prevention and resilience perspective. As part of this role you will help expand the design and application of scenario analysis and stress testing of risks relevant to the RTGS/CHAPS systems.

The opportunity requires strong analytical skills, excellent risk skills and sound judgement. Strong interpersonal skills are also critical as you will need to very quickly build, develop and manage relationships across teams in MSD and its key partners, senior management in BPI, RTGS/CHAPS non-executives and CHAPS Direct Participants.

In return, this Risk Analyst opportunity comes with significant visibility, ownership and stretch. You’ll get the chance to work at the very heart of the Bank, learn about RTGS/CHAPS from the specialists, interact (and influence) seniors and work on nationally critical live service payments issues.

On a day-to-day basis you will:

• Support the identification, monitoring and mitigation of BAU credit, liquidity and concentration risks in CHAPS.
• Lead on/support deep-dive/thematic assessments of RTGS/CHAPS live service risks (both
• current crystallised risks and forward looking).
• Lead on/support on the development and embedding of key RTGS/CHAPS risk
• management tools and capabilities e.g. Stress and Scenario Testing, Emerging Risk,
• Horizon Scanning.
• Lead on/support on the development, delivery and implementation of strategic improvements
• to key risk domains including Cloud and strategic supplier management.
• Lead on/support with CHAPS compliance with Operational Resilience requirements.
• Support the Manager and CRO on the articulation and mitigation of RT2 execution risks and
• risks to live service.

Role Requirements
Minimum (essential) Criteria

• Operational risk (risk management or policy), supervision or regulatory experience.
• A high degree of curiosity that you use to constructively challenge thinking and the status
• quo.
• A self-starter, able to independently lead analytical pieces of work.
• A desire to develop a wide variety of knowledge quickly in a technical subject area.
• Strong analytical skills.
• Strong oral and written communication skills including the ability to explain complex technical
• topics an in accessible way.
• Sound judgement.
• A collaborative working approach that is both structured and effective.

Desirable Criteria

• An understanding of any aspects of payment system operations and design, or of the
• broader payments industry.

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.  We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.  One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.  This role is therefore open to flexible working patterns. 

We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this.  We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.  

This specific role offers a base salary of Ã‚£35,000 - £55,000 per annum depending on experience, along with our comprehensive benefits package as follows:

•    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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
•    25 days annual leave with option to buy up to 13 additional days through flexible benefits.
•    Private medical insurance and income protection.