Operations Technical Analyst, Collateral Management & Custody

17 Sep 2019
08 Oct 2019
Clearance Level
None / Undisclosed
Job Type
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 plus 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.

Banking, Payments and Innovation Directorate (BPI - formerly Banking, Payments and Financial Resilience) supports the Bank's mission to maintain monetary and financial stability by using and sharing its expertise to: develop and operate resilient and efficient banking, payment and custody services; set and influence policy; and to promote innovation.

We are at the heart of the Bank both in terms of our core role in Monetary and Financial Stability, and the wide range of internal stakeholders we collaborate with. BPI has a lead role in one and a significant role in four of the Bank's strategic priorities. The variety and immediacy of the work we do means we are one of the most outward facing and fast moving areas of the Bank, operating the UK's high value payments system (the Real Time Gross Settlement System and CHAPS), maintaining the Bank's readiness to provide Emergency Liquidity Assistance to banks and other financial institutions, and acting as the 'bank' within the Bank of England for government, UK CCPs and other central banks.

Department Overview

Central Banking Operations division (formerly part of Markets Service Division) within BPI, provides the back office functions which support the Bank's sterling and foreign currency transactions including settling the Bank's monetary policy and liquidity insurance operations.

This is an opportunity within the Collateral Management & Custody (CMC) team for you to undertake an interesting and meaningful role. In this role you will interact with operational and policy teams across CBO, MSD, CBD, Markets and Technology. The role covers a wide variety of operational and analytical aspects of settling the Bank's Official and Custody operations, delivering change workstreams and involvement in the team's incident management Framework.

Job description

This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

The main responsibilities of the role are as follows:
  • Lead responsibility for analysing policy changes and project requirements to ensure continued contribution to the Bank's Monetary Policy and Financial Stability objectives.
  • Maintain a detailed understanding of the work of the team both as part of business as usual but also emergency and contingency operations (such as ELA, OELS, NSCC etc). Ensures a sound understanding of how this work is undertaken and at times potentially specialising in areas of the team's operations.
  • Good knowledge of the legal and operational documentation that underpins the Bank's Custody, Scheme and Official Operations i.e. SMF Red Book, Customer Terms & Conditions, Operating Procedures etc.
  • Act as lead (or provide oversight/mentor) to coordinate the delivery of the changes to CMC.
  • Responsibility for maintenance and upkeep of the Bronze Crisis Management documentation including planning and organisation of regular tests.
  • Be part of the CMC Management team ensuring that the team meets its own objectives and responsibilities.
  • Perform first and second assessor Line Manager Responsibilities for team members
  • Identify and engage with new ideas for team and process improvement.
  • Introduce improvements and drive them all the way through to delivery.
Number of direct reports: 3

Role Requirements

Minimum (Essential) Criteria
  • Able to prioritise multiple and diverse workstreams simultaneously whilst maintaining a high standard of accuracy,
  • Experience of change management or leading projects
  • Organised and able to prioritise their own workload effectively, including appropriate delegation skills
  • Clear communication style both in written and verbal form with the capability to explain complex issues clearly to all levels
  • The ability to drive the agenda and gain the consensus of stakeholders to ensure a good outcome for the area and the wider Bank
  • Demonstrate good negotiating and stakeholder management skills
  • Strong problem solving skills to be able to get to the bottom of an issue quickly
  • A positive attitude and an ability to influence others
  • Decisive and calm under pressure, being able to effectively weigh up the risks versus benefits of different options.
Desirable Criteria
  • Staff management experience
  • Settlement systems or operational experience,
  • An understanding of the operations and settlemnt functions which we provide for Markets, MSD and CBD.
Due to the operational and split site working requirements successful candidates will be required at times to work at both Threadneedle Street, London and Debden, Essex

We anonymise applications so hiring managers will not be able to see your personal information such as name and address when reviewing your submission, including your CV. Please fully complete work history and the application form questions as requested because incomplete submissions may not be reviewed.

We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice.

The closing date for applications is 8 October 2019.

Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

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