FRMD is looking for an assistant financial risk analyst to join CRRT, in an interesting role that sits at the nexus of analytical and operational sides of both the Bank and EEA. The role offers the opportunity to develop knowledge of central bank operations, fixed income markets and FX reserve management and financial risk management concepts.  The team has ties across the Bank, most notably Markets and Banking, but also colleagues in the PRA, therefore enabling the job holder to understand how the work of the division connects across directorates.

The key responsibilities of this role are to:

• Produce accurate and timely core operational outputs across the team, covering/assisting others where necessary, escalating issues to management as required;
• Demonstrate initiative in identifying and implementing improvements to existing processes and controls;
• Become a business Subject Matter Expert (SME) on risk reporting, in particular the Bank’s Limits and Thresholds Framework;
• Provide analytical support to CRRT, including a review of our existing reporting suite (a strategic priority for FRMD), considering the range of reporting and analytical tools available to us to improve the quality of our risk reporting, whilst simplifying processes and reducing production times;
• Support FRMD-wide work, particularly systems, controls and change initiatives, with the opportunity to contribute to broader policy work across TMT (including the design of central bank operations and the investment and management of the UK’s FX reserves (the EEA)

Role Requirements

Minimum Essential Criteria

• Strong IT skills, particularly, in-depth knowledge of Excel;
• Ability to work on your own initiative to produce outputs and an inquisitive and inquiring approach to the outputs;
• Flexibility and being able to work to demanding deadlines;
• Good stakeholder management and interpersonal skills;
• Pragmatism to ensure the correct balance is achieved with regards time invested and output quality improved;
• A standout colleague, willing to help others to achieve results;
• Process oriented and with excellent attention to detail.

Desirable Criteria

• Knowledge of or a desire to learn about financial  risk management;
• A background in some or all the areas covered by the team's responsibilities (for example, risk reporting or systems knowledge);
• Familiarity with coding software, such as R, Python and Tableau etc;
• Knowledge of the Bank’s financial market operations would be an advantage.