The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation, made up of approximately 4,000 people – each committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

Department Overview

Markets, Banking, Payments and Resolution (MBP&R) Chief Operating Office Division is responsible for providing support services to maximise the effectiveness of day to day activities and strategic deliverables. Our 70 colleagues have a wide range of expertise given our diverse remit, split into three teams: Change Delivery (oversight of significant changes to Bank critical systems), Operational Risk (operational risk, anti-money laundering and compliance), and Business Planning (budget planning and control, resource planning and people-related processes and topics).  The People Strategy Analyst role is part of a small People Strategy team aligned to the Business Planning team.

The work we do and the businesses we support mean this is a very interesting Division, where we need to balance long-term analytical work with fast-paced operational deliverables. We are also passionate about diversity and inclusion and developing an inclusive working environment is a key responsibility for this role.

Job Description

The People Strategy Analyst will be part of a small team and will work with HR (People and Culture and Shared Services) teams and MBP&R managers to provide HR support to c.800 MB&R staff with the aim of delivering sustainable organisational performance. This includes all aspects of the employee life cycle (attraction, recruitment, development, retention, and exit) and aligned to the MBP&R Diversity and Inclusion Strategy, our talent strategy, and current taskforce initiatives.

The People Strategy team are involved in a broad range of interesting and varied activities and the role holder will have specific deliverables allocated to them. This is an exciting 12 month secondment/fixed term contract opportunity, with the primary aim of managing the smooth running of pooled recruitment processes and putting an induction strategy together to support large scale recruitment into Markets directorate as part of the Bank’s strategic priorities. There will also be opportunities to support delivery of the MBP&R D&I Strategy which includes initiatives on wellbeing, inclusive recruitment, diversity of thought and psychological safety. The role holder will work collaboratively with the central HR teams to ensure the Governorship adheres to Bank-wide policies and processes, but understand the business’ perspective to challenge HR and flex approaches when necessary.

As part of a very small team (senior manager, senior analyst and an existing analyst), the role demands the ability for the role holder to operate outside of their comfort zone, getting involved with unfamiliar work and making decisions  based on judgement when there is no evident “right” way forward. However, this also means the role offers great opportunities for professional and personal development, building relationships and raising profile through day-to-day interactions with MB&R Heads of Department and managers.

We are very open to applications for part time working patterns as well as job shares, so please do apply if you believe you have the right skillset. We are happy to provide more information on how this role could be managed in a part time capacity.

Role Requirements

• Strong organisational, prioritisation and workload management skills, with the ability to work on complex logistics, to a high standard against tight deadlines.
• Analytical capability in working with MI and data to provide the right information to support resource planning and action planning
• Previous experience of working independently, pro-actively and with minimal intervention from managers.
• Ability to build and maintain robust relationships with colleagues at different scales, given the sensitive nature of some of the work.
• Ability to communicate clearly and concisely to a variety of audiences at all levels Flexible, efficient and able to respond calmly and positively under pressure.  
• A commitment to championing diversity and inclusion within your organisation

Desirable Criteria

• Previous experience in HR/recruitment, either in the Bank or elsewhere
• Exposure to operational areas, to understand some of the constraints related to their work.
• End to end project experience would be advantageous

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.

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.

Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month.  Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

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, 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 circa £32,000 - £36,960 per annum, depending on level of skills, knowledge and 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.