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. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

Work for an organisation steeped in history with a front row seat for the digitalisation of the financial sector, and the rise of rise of fintech and regtech. A core organisational strength, with our people at our centre, Technology enable the Bank of England to deliver its mission by providing a hugely diverse set of technical solutions and platforms. From supporting critical systems which underpin the UK economy, to evolving data analytics, reinventing our online presence, and introducing a fully digital workplace. Be part of a team that’s constantly evolving, just like our industry.

We take pride in our people, with backgrounds and experiences as diverse as the solutions they provide. You’ll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK. All of which add up to make the Bank a hugely rewarding place to work.

Department Overview

The world of payments is changing rapidly. New innovative technologies are being developed to meet the changing needs but these can give rise to new threats to users of the payments system, and to the stability of that system as a whole. This means that we need ever stronger protections and more resilient infrastructure.

The Real-Time Gross Settlement System (RTGS) lies at the heart of UK payments. In total, RTGS settles around £600bn of payments each day which is close to the UK’s annual GDP every 3 days. The RTGS infrastructure is over 20 years old and, despite its excellent operational record, it needs to be modernised and developed to meet today’s needs. Balancing the safeguarding of stability whilst enabling innovation.

The RTGS Renewal Programme has been established to develop the next generation of the Bank of England’s Real-Time Gross Settlement (RTGS) system. The way payments are made has changed dramatically in recent years, reflecting changes in the needs of households and companies, changes in technology, and an evolving regulatory landscape. The range of payment providers is growing rapidly. The Bank also wants to use the latest technology to help to reduce risks and increase innovation and competition in payments, and in the financial sector more broadly. The implications of these changes for the Bank’s mission and for users, businesses and regulators mean it is important that the Bank considers how RTGS will need to evolve to meet and shape payments trends in the coming decades.

Job Description   
As the Technical Project Manager you will be part of a delivery management team and will report into the Head of Technical Delivery.  The team is accountable for delivery across all technology workstreams of the programme.  The team’s work is pivotal to the delivery of this high profile programme at the heart of the Central Bank’s mission.

Responsibilities:

• Development of the release plans including shaping  and leading the implementation of the related portfolio of technology delivery projects and workstreams needed to meet objectives of the programme iteration, 
• Overall leadership for day to day operation of all aspects of the complex transition programme and multiple project streams concurrently, from initiation through to closure. 
• Develops and implements comprehensive release approach and plan, encompassing sub streams of work/projects, cross functional team structures and resource deployments, development, testing and deployment plans, ensuring successful transition to support.
• Liaises with Technology and Business domains to secure and manage performance of resources required to deliver the release. 
• Leads and coordinates efforts of project teams/members and third-party suppliers in order to deliver the release according to plan 
• Sets and continually manages programme expectations with cross-functional delivery team members, identifying and resolving issues and conflicts where they arise 
• Managing dependencies within the release and across to other releases within the programme, as well as with other Bank and external programmes, 
• Proactively intervening to provide effective governance and delivery of the release to quality, schedule and budget objectives and ensures deployed solutions deliver targeted business benefit/value.
• Owns all  release and related programme risk and issue management, 
• Acts as the interface from the programme into key project teams. Ensures business and programme objectives are clearly communicated, understood and executed by the delivery team.
• Liaises and communicates effectively with programme stakeholders on an ongoing basis.
• Proactively handles changes to the release scope, identifies potential implementation risks, and develops and tests contingency plans.
• Acting as a catalyst and make things happen including “joining the dots” between different projects and areas of the Bank, 
• Ensures all programme elements are delivered to PMO governance, compliance, and security requirements. 
• Being a role model and ambassador for division, demonstrating “One Bank” behaviours, commitment to the purpose of the Bank and providing a supportive team environment 
• Promoting and delivering change and innovation.  

Job Requirements
Essential Criteria

• Extensive prior experience and track record in Project Management within payments technology or highly regulated technical industry within global environments and/or global matrix organisations.
• Validated experience of full software delivery lifecycle management of IT Projects and associated change management and organisational transition impacting culture, structure, people, process and technology.
• Strong people leadership experience, including the ability to build and implement a shared vision and delivery of outcomes.
• Ability to develop talent and be an effective people leader, building opportunities for their team to excel and develop their talents.
• Demonstrable e2e technology transformation experience including early business case definition, benefits realisation post change, service transition phase to early life support, multiple executive stakeholders, executive and operational steering committees, and programmes utilising teams of 25+, of multi-year duration and with budgets greater than £10m.
• Excellent influencing and leadership skills with extensive experience of presenting major technology change programmes at all levels of an organisation and commanding credibility at senior management level.
• Ability to think strategically, using judgement and prioritising effectively, including sharing responsibility for setting the Bank’s investment strategy.
• Collegiate and political awareness, to be able to understand and work through conflicting requirements. 
• Ability to understand highly complex architecture, infrastructure, primary and secondary corporate wide systems and business processes.
• Experience of operating effectively under the governance of a centralised PMO structure, with numerous owning and change impacted stakeholders across an organisation.
• Strong IT and Release Management knowledge and experience.
• Experience with Agile methodologies and Agile Transformation.
• Associated MSP, PMP, and PCM certifications from PMI/APM certifying bodies. 
• High level of proficiency in MS Project and robust scheduling, financial and risk management and presentation tools.

Desirable Criteria

• Computer Science or Engineering degree/qualification.
• Exposure to cloud technologies/Release Management in a cloud environment.
• Ideally experienced with associated IT qualifications such as ITIL, or other associated indicators of a solid background in technology change management.

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.  

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 role is available as a permanent position and offers a base salary of up to £76,140 per annum, along with our comprehensive benefits package, which includes:
•    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.