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Business Analyst

Employer
Bank of England.
Location
UK-ENG-London
Salary
Competitive
Closing date
8 Jul 2021

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Clearance Level
DV, SC, None / Undisclosed
Sector
Banking
Job Type
Permanent
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Job Details

The Real-Time Gross Settlement System (RTGS) lies at the heart of UK payments. In total, RTGS settles around £600bn of payments every single 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, needs to be modernised and enhanced to meet today's needs. The world of payments is changing rapidly. New innovative technologies, regulations and industry initiatives are being developed to meet changing needs but these can give rise to new threats to the use and stability of that system as a whole. This means that the Bank of England must support the UK financial sector with resilient infrastructure, 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 RTGS. The way payments are made has changed considerably in recent years, reflecting changes in customer needs, changes in technology, an evolving regulatory landscape and the growing range of new market entrants. Given the implications of these changes for the Bank's mission and for users, businesses and regulators, it is vital that we consider how RTGS will need to evolve to meet and shape payments trends in the coming decades.

The programme is currently in the early stages of the Delivery phase. This phase aims to elaborate the design and deliver new and improved RTGS functionality in an incremental manner over several years, working in partnership with the Technology Delivery Partner and Bank led teams.

Responsibilities of the Design Control team.

The Design Control team plays a critical role across work-streams in ensuring that all design elaboration and delivery is coordinated, aligned to scope and delivered to expected quality standards. To achieve this outcome the team interacts with stakeholders from across the programme including Policy, Business Design, Architecture, Commercial, Legal and Test to ensure the appropriate standards, traceability and design governance are embedded and maintained.

Responsibilities of the RTGS Design Control team include:

• Operating the Design Authority forum to handle and approve design related decisions and changes
• Maintaining a centralised view of the Statement of Requirements (SoR) and controlling and approving changes to the SoR
• Maintaining and controlling changes to a centralised view of baselined design deliverables developed across the Programme, ownership, version control and how they interrelate.
• Maintenance of requirement Traceability to SoR, Programme Scope, the Target Operating Model and Transition Strategy. This includes working with design delivery teams to review and agree alignment.
• Overseeing and holding work-streams to account for delivery of stated baselined designs, including validation where required.
• Defining, operating and ensuring compliance with governance processes for all design material that require agreement or change via change control processes and the RTGS Design Authority.
• Supporting change impact assessments and troubleshooting risks and issues that impact design activity, including working with subject matter experts to ensure identified changes are assessed and implemented into design documents with appropriate controls.

Overview of the Design Integrity Analyst:

The main purpose of the Design Integrity Analyst is to establish a centralised and governed "single version of the truth" across all business and technical design artefacts to ensure assurance and traceability to baseline is maintained across the programme. This primarily includes, but is not limited to the requirements, process maps, high level technical designs, transition state mapping, target operating model and programme scope. Working closely with other programme work-streams and the technical delivery partner, this role requires a proactive and engaging individual who will help the programme deliver the design artefacts it requires within the programme timelines to set quality and integrity standards.

The Design Integrity Analyst will utilise Jira and the design management tool (iServer) to support traceability and identify where work-streams may be deviating from agreed design baseline. Where changes, adherence or design issues are identified the design integrity analyst will work with key stakeholders and subject matter experts to resolve the issues identified.

Key Responsibilities:

As the Design Integrity Analyst you will be accountable for a range of activities, including:

• Maintaining a single centralised view of baseline of all design artefacts produced across the programme.
• Leading the design integrity process and assurance to quality standards, principles and templates, maintaining a consolidated traceability matrix, driving consistency of design outputs from work-streams, providing feedback and reports where required in an iterative manner
• Develops and maintains a strong base knowledge of key programme design artefacts, their format and content, including any material design decisions.
• Handling the Programme design management tools (currently iServer and Jira).
• Working with the TDP as a second line of assurance where needed
• Collation and production of presentational views that demonstrate traceability and any areas of concern.
• Supporting Programme team members in using appropriate tools, methods and processes.
• Supporting impact assessments using the traceability matrix / design management toolset.

Role Requirements:

Essential Criteria

• Strong attention to detail. You will be handling a large amount of design material from a variety of sources and as such, previous experience in handling, analysing and sorting information (e.g. using MS Excel, Jira and enterprise tools such as iServer) from a variety of sources is required.
• Records management experience. The design integrity function must maintain a single version of the truth across the programme design activity. As such, you will require knowledge of record management, version control and change control processes.
• Familiar with Agile ways of working such as SAFe and Scrum.
• Organisation and planning. You will require a deep understanding of the design plan within the programme. You will be able to report against plans on a weekly basis and help identify and call out risks and issues that may impact planning assumptions.
• Ability to handle dependencies across multiple work streams and stakeholder groups.
• Excellent interpersonal, communication and presentational skills.
• Ability to develop working relationships with a wide range of people quickly and indirectly being responsible for others.
• Excellent knowledge and experience in requirements management/traceability.

Desirable Criteria

• Prior business analysis and project delivery experience.
• Familiar with Central Banking landscape, UK payments or financial services.
• Demonstrable experience in IT change programmes, especially the design phase, is desirable. Able to relate to and understand business and technical document compositions.
• Demonstrable experience in using design management and requirements management software (e.g. iServer, JIRA or similar) is desirable.


This role offers a base salary of £45,900 to £55,530 (subject to experience and skillset). The total package also includes:
  • 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.
  • 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 insurance.


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 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 30/05/2021 .

Please apply online, ensuring tha t you answer the application questions and submit your CV

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