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Technical Business Anaylst

Employer
Alexander Mann Solutions (on behalf of Public Sector Resourcing
Location
London (Greater)
Salary
TBD
Closing date
10 Dec 2022

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Industry Readiness Analyst (Inside IR35) (Technical Business Analyst)

 

Contract Term: 6 Months (Possibility of extension)

 

Contracting Authority: Bank Of England (BOE)

 

Location: Hybrid ( 2 days a week in London Office)

 

The RTGS Renewal Programme will require a wide range of organisations to make changes to their own technology and processes. This will be critical to ensure firms are ready to send and receive CHAPS payments in the new ISO 20022 format. A wide range of stakeholders will be impacted by this change. For the ISO 20022 transition, these are, primarily, but not exclusively the 37 firms that participate directly in the CHAPS payments system. The renewal of the core ledger will impact all 220+ RTGS account holders, covering a wide range of banks and other financial institutions.

The readiness of firms to receive this change is critical to financial stability. Within that context, you will contribute to the assessment and reporting of firm readiness. This will include analysis and challenge of reporting received from a wide range of external stakeholders, for example CHAPS direct participants, indirect participants and payment schemes, to promote, monitor and assure their progress and readiness for changes introduced by the Renewal Programme.

The role will include engagement with these stakeholders, and dealing with issues and risks raised by the industry in relation to readiness for migration events. It will also require close communication and engagement with the rest of the Programme team. In particular, you will contribute to developing and implementing the readiness approach for the 190+ RTGS account holders who are not direct participants in CHAPS, although they may participate in other payment schemes.

SC Clearance is required for this role therefore, you must be eligible and willing to undergo checks.

 

As an Industry Readiness Analyst, your main responsibilities would be: 

 

  • Working in close collaboration with the industry readiness managers and with the industry, develop a clear understanding of what the technical and operational impact of the RTGS Renewal Programme will be for firms, to inform the Bank’s understanding of the change required and the risks associated with this. Support industry readiness assessment and monitoring activity. Contribute to development of migration and contingency planning strategies for “go-live” events. Monitor industry readiness against key criteria and metrics Develop the metrics that will defining “go / no go” criteria for key migration events, from an industry readiness perspective, and collate the information to inform decision making and governance. Develop key messages and material for reporting to senior Bank governance forums on industry readiness, key risks, issues and mitigation action, ensuring the views of the industry are reflected. Review, analyse and challenge reporting received from the industry. Identify common themes and issues across the industry and make clear recommendation to the rest of the Programme to resolve these. Highlight areas where industry reporting requires challenge. Maintain a comprehensive data set of information on firms, their plans, risk and issues, to inform external readiness activity.

 

 

 

 

 

 

 

 

 

 

You’ll have relevant experience in:

 

  • SC Clearance is required for this role therefore, you must be eligible and willing to undergo checks.
  • Excellent representation skills and experience of working with external stakeholders. The job involves liaising with a wide range of internal and external contacts at differing (including senior) levels. Strong analytical skills, including the ability to synthesise and critically judge the quality of information provided from a variety of sources. Experience of analysing and drawing conclusions from large data sets and/or from a diverse range of information sources. Effective communication skills and the ability to convey complex information to non-expert audiences by drawing out key messages and using non-technical language. Ability to influence decision-making by putting forward clear, well supported recommendations based on your analysis. Good workload management to balance a range of work with differing timetables. A strong collaborative working style and excellent team working skills. Experience of working in a ‘matrix management’ structure, working to different stakeholders and managing their various demands. A self-starter, able to join an already busy team and add value from the start.

Desirable Criteria:

 

  • Knowledge of payment and settlement systems and the Bank’s role within them/how banks conduct operations. Experience of working on a complex project or programme with a wide degree of business change. Experience of agile ways of working.

If this Industry Readiness Analyst role sounds like something that you would be interested in, please click the link to apply

 

 

In applying for this role you acknowledge the following; this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different.

 

Please be aware that this role can only be worked within the UK and not Overseas.

 

 

 

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