LEEDS BASED
Directorate Overview
Authorisations, RegTech & International Supervision (ARTIS) is a new Directorate formed in July 2021 and is formed of:
- The Authorisations Division, which deals with regulatory transactions where firms apply to carry out PRA regulated activities, or make changes to the activities they undertake;
- the new RegTech, Data and Innovation Division; and
- the four divisions responsible for the supervision, as a host regulator, of the UK activities of banks, custodians and designated investment firms headquartered in over 50 overseas jurisdictions – including some of the world’s highest profile firms
Department Overview
The Authorisations function is responsible for delivering an effective Authorisations framework for the PRA, ensuring compliance with various UK statutory requirements, in accordance with the PRA's risk tolerance and decision-making framework.
We are recognised, within and outside the Bank, as the centre of excellence for Authorisations knowledge, providing mentorship and direction on all regulatory transaction issues, always ensuring high quality outputs. We effectively combine deep technical knowledge and practical implementation. We are at the forefront of developments affecting Authorisations by making judgements to arrive at decisions in partnership with Supervision and others on behalf of the PRA, and ensuring the appropriate management of critical events in a firm's lifecycle.
Job Description
We are looking for a self-motivated individual to join us, with strong analytical and positive stakeholder management skills who are eager and passionate about pursuing this exciting and interesting role. The successful candidate will be pivotal in helping the Authorisations division drive forward the operational agenda within the Operations Team. The team provides central support for the Authorisations division, which we do through:
- Data analytics and business intelligence - The Operations function owns Authorisations MI and reporting frameworks and tools. We are the hub for firm and authorisation data providing access and analysis of this data for decision making and review, across the division and the wider PRA.
- Centralised operations - Owning and leading divisional frameworks such as business continuity, quality assurance and performance against the Memorandum of Understanding (MoU) with the Financial Conduct Authority (FCA).
Working with the Senior Authorisations Analyst you will:
- Own, co-ordinate and respond to requests for MI or data against agreed SLAs.
- Provide quality assurance on team outputs, both on written reports and data extraction and analysis.
- Own and lead on the development of current and new tooling and work to improve MI and reporting, which meets the needs of stakeholders and statutory obligations.
- Contribute towards the implementation and improvement of divisional operational frameworks, including business continuity planning and MoU coordination with the FCA.
- Grow and develop skills and knowledge required within the team and wider division.
- Lead risk and incident processes including assessment and reporting.
- Provide training and support to team members and wider division.
What you will get from the role:
- An opportunity to support on a number of key operational work streams, helping to improve divisional efficiency and provide and present key information to decision makers.
- An opportunity to build a comprehensive network across the PRA and wider Bank.
- To work in a varied and intellectually challenging environment providing opportunities for further career development.
Role Requirements
Minimum Criteria
- Strong experience of data analysis and visualisation skills: Ability to analyse, present information efficiently and effectively, and draw conclusions to be able to draft commentary.
- Excellent organisational and time management skills: Ability to prioritise, plan ahead and be able to look after many tasks, often working to tight deadlines.
- Possess strong business awareness to quickly pick up the context and knowledge required.
Essential Criteria
- Experience of using Tableau or Power BI to build insightful data visualisations.
- Experience of using the Power Platform suite of tools.
- Strong stakeholder management skills, acting as a role model for Bank values of working across boundaries and transparency.
- Excellent communication skills: both written and verbal, that can be adapted to a variety of audiences and needs.
Desirable Criteria
- Experience of R, Python, Git or SQL
- Knowledge of the regulatory framework of the PRA, particularly Authorisations processes.
- Experience of crafting and implementing operational frameworks e.g. reporting, resource management, quality assurance, change management.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the
Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
Salary is circa £37,520 - £41,700. In addition, we also offer a comprehensive benefits package as detailed below:
- Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
- A discretionary performance award based on a current award pool.
- An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
- 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
- Private medical insurance and income protection.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the
Bank's Privacy Notice.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
The Application Process
Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages.
This role closes on 7th June.
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.
We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.
Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.
It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.
There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
Join us and find a bank like no other. Together, we can make a difference.
The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you’re successful we’ll use it to offer you a position and onboard you to join the Bank.
If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice
