AddressCompliance Analyst
-(010507)
Brief Description
Join the Compliance Team within the Markets, Banking, Payments, and Resolution Chief Operating Officer Division (MBPR COOD) at the Bank of England. As a Compliance Analyst, you'll play a pivotal role in safeguarding the Bank's financial operations by effectively managing conduct risk. This involves leading compliance monitoring programs and collaborating closely with various Bank functions, including front, middle, and back-office operations.
Division Overview
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, made up of approximately 4,000 people – each committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
The MBPR Deputy Governorship, where this role resides, performs diverse operations including: implementing policy decisions; managing the Bank's balance sheet and national foreign currency reserves; gathering market intelligence; operating the UK’s high value payments systems; offering banking services to HM Government and other central banks; gold custody and settlement services; and Banknote exchanges.
Detailed Description
As a Compliance Analyst, you'll be integral to identifying and assessing emerging conduct risks, conducting compliance monitoring, and investigating incidents related to conduct. Reporting to the Compliance Manager, you'll collaborate closely with business teams, provide expert advice, and deliver conduct risk training. Your role will involve frequent interaction with senior management and regulatory authorities, offering you valuable exposure and the opportunity to influence critical decisions.
Minimum role requirements:
- An understanding of financial markets, products and institutions.
- Strong analytical skills, with the ability to analyse complex data and communicate key insights effectively.
- Good judgement and willingness to take ownership for resolving challenging situations.
- Excellent interpersonal skills and the ability to build relationships with stakeholders.
- Outstanding project and time management abilities.
Desirable Criteria:
- Experience in compliance, regulatory policy, audit, or risk management
- Knowledge of financial crime concepts, including fraud, market abuse, bribery and corruption and data protection.
- Proficiency in analytical tools such as R Studio or Tableau
What You'll Get
Our Approach to Inclusion
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.
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 here.
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
This specific role offers a base salary of circa £40,000 - £45,000 per annum (depending on skills and experience) on a full-time basis. 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.
In addition, we also offer a comprehensive benefits package as detailed below:
- 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 based on a current award pool.
- A 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 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 closing date for applications is 4 April 2024.
The assessment will comprise of two stages: an interview and a second stage interview with written exercise. We expect to conduct interviews across April and can discuss in person / online requirements.
