As an Operational Assistant on the SMD Operational Policy team, the jobholder will be exposed to the breadth of the Division’s responsibilities through a varied workload.  

The role entails;

• Supporting market operations, including some trade entry, providing management information on operations and data for policy analysis
• Contributing to the design of future sterling facilities and helping to develop, test and introduce new technology to operationalise any new facilities
• Forecasting the level of reserves and monitoring the Bank’s balance sheet
• Management of the division’s operational risk and working to improve processes to minimise operational risk
• Contingency planning, ensuring that SMD’s business continuity policies are up to date and staff are fully trained to provide emergency access to the SMF during a contingency event 
• The jobholder will be expected to;
• Develop a high degree of attention to detail and excellent time management is required as team outputs are often included in briefing for senior management.
• Develop a good working knowledge of the systems used within SMD and a close working relationship with the Sterling Operations team.
• Show initiative and analytical skills in this area in making system and process improvements
• Demonstrate an ability to work openly and collaboratively within a close-knit team and develop good working relationships with peers in other areas within and outside Markets. 

The position includes opportunities for development tailored to the successful applicant, including contributing to projects within the division and Markets more generally.

Role Requirements
A strong candidate is likely to be able to demonstrate most of the following attributes and experiences. But please don't be put off applying if you don't have everything on the list. If you think you can only do some of the role, we still want you to apply!

Minimum Essential Criteria

• The ability to produce accurate, reliable information promptly;
• The ability to prioritise and organise a large and varied task list;
• Use experience and knowledge to suggest and implement process improvements;
• Good interpersonal skills to develop relationships within the division and with contacts across Markets and Banking;
• A good level of general IT skills, particularly Excel, and a willingness to embrace new technology.
• Working as part of an operational area requires flexibility.  The job holder will need to be able to adapt to changing work priorities and to respond to live issues as they arise. 
• Wanting to learn about the Bank’s policy operations and how they work in practice;
• Ability to handle of number of tasks concurrently and work collaboratively with others across the directorate at all levels.  A calm, professional approach and good interpersonal skills are therefore important.

Desirable Criteria

• A working knowledge of R, Openlink or other similar tools.
• Experience of, or an interest in, Sterling Market Operations.
• An understanding of the Bank’s balance sheet, and the Sterling Monetary Framework and the operations supporting it would be useful, but is not essential