Operational Risk And Resilience Hub, Ukdt, Scale F

Operational Risk and Resilience Hub, UKDT, Scale F

We are looking for someone to join the Operational Risk and Resilience (ORR) Hub in the PRA’s banking directorate for UK deposit takers. The ORR Hub is the central team which supports the supervision of ORR for all firms in the directorate (ranging from global institutions to start-up ‘challenger’ banks).

The roles are for an Analyst or Senior Analyst (Scale G or F) and are suited both to people with a background in ORR (eg Change and Outsourcing, IT/Cyber Risk, Incident Management and the Operational Resilience policy) and someone looking to transfer from another sector or specialism. This is an exciting opportunity for anyone wanting to expand and develop their knowledge in ORR and is open to flexible working patterns.

The work will be varied, often complex and high profile so you’ll have plenty of opportunities to develop both your technical and interpersonal skills. It will give you an outstanding insight into ORR issues across a range of regulated firms and will have a lasting impact on the financial services industry. For example, you might support the PRA’s response to an operational incident which has occurred in a firm (eg a cyber-attack or IT outage), examine a firm’s plans to outsource to a new service provider, or undertake sectoral analysis on various topics, including how firms are approaching the rules on Operational Resilience. The team also provides support to senior decision makers on ORR-related matters.

We are looking for people with the following attributes:

• Excellent judgement and analytical skills; with an ability to filter a lot of data (which may be complex), pull out the relevant information and quickly draw conclusions;
• Strong collaboration skills, including listening and compassion, working effectively within a team and co-ordinating with colleagues across the Bank, PRA and regulated firms.
• Good written and oral communication skills. You should be able to influence and challenge while building and managing relationships with both internal and external stakeholders; and
• Outcomes focused and excellent workload management skills. You will need to adapt rapidly to changing priorities and work well in fast paced situations.

Why should I apply?

Roles at the Bank of England are sought-after, but if you have the determination to make a difference, we'd love to hear from you! Working in Operational Risk and Resilience places you at the centre of our mission to deliver financial stability for the UK. It will suit anyone seeking a challenge and outstanding development opportunities.

What this role will give you:

• An opportunity to work on a high profile and exciting topic. You will help establish operational resilience in our prudential framework and deliver the PRA’s aim of ensuring the safety and soundness of firms.
• The chance to carry out intellectually stimulating and exciting work. You will assess and apply considerable judgement on a range of Operational Risk and Resilience matters across a variety of firms.

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

This specific role offers a base salary of circa £52,730 - £60,840 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