Operations Administrator (Part time 3 days per week)

Operations Administrator (Part time 3 days per week)

Data and Statistics Division is the Bank’s centre of expertise for compilation, dissemination and publication of regulatory and statistical data, promoting innovation and quality to support analysis, policy and decision making by the Bank’s Committees, UK government departments and international organisations.

Data is collected from banks and buildings societies, credit unions, insurance companies and regulated mortgage lenders and administrators. This takes place via 35 statistical collections and over 200 regulatory collections.

We support MPC, FPC and PRA Board and our data is used in the Inflation Report, Financial Stability Report, Credit Conditions Review, Stress Test Results, FPC Core Indicators and Quarterly Bulletin.

Department Overview

This position is within the Data Services Group (DSG) and as a member of The Operations Team you will help support the Division and other areas of the Bank, through the timely and accurate collection of many data sets via the Banks strategic data collection platform, BEEDS.

The Data Services Group's vision is to provide a strategic self-service data collection service which meets the expanding demands of the Bank (and other Supra National supervisory bodies for which the Bank acts as an agent) for collecting data from financial institutions. We are responsible for other data collection systems and collaborate closely with Technology to ensure efficient and effective operations. We oversee the timely submission of data too and this ranges from Statistical data to the daily SONIA collection.

Job Description

Role Requirements

An exciting opportunity has arisen for an Operations administrator to join our dynamic Operations Team!

You will play a vital part in ensuring the seamless receipt and validation of data submissions from hundreds of reporters, utilising a wide range of collections.

You will work as part of a team, to assist in the collection of Statistical and Regulatory returns, coordinating and communicating efficiently with all internal and external customers.

You will develop a strong understanding of the BEEDS submission portal and MIDAS, no system knowledge is required as training will be given.

Your primary responsibility will be working with the Operations Team within Data Services Group, you will help maintain a robust data collection service across all of our systems. This involves ensuring the valid submission of data in a timely manner, collecting interest and exchange rates and maintaining process documentation for the MIDAS and BEEDS systems.

You will take ownership of data collection, coordinate submissions, communicate effectively with internal teams and external reporters. You will proactively Implement operational improvements to enhance the team’s efficiency.

The role involves considerable engagement with external reporters, you will support our external helpdesk function, providing support to over 5,000 external users of the Bank's strategic data collection platform, BEEDS. You will have the opportunity to build and maintain a positive relationship with various teams.

The role also offers an excellent opportunity to assist in collection of the daily Sterling Money Market Data. This data is used in the calculation of the high-profile SONIA interest rate which is published by the Bank daily at 9am. Flexibility to provide cover for some early mornings and later evenings during the monthly rounds is required.

Role Requirements

Minimum Criteria

• Have a strong desire to provide the best service possible.
• A strong emphasis on accuracy, time management and ability to balance and prioritise requirements.
• Strong internal and external customer service skills.
• Ability to raise issues when appropriate.
• Understand the Bank’s data handling rules and the Statistical Code of Practice.
• Motivated, able to work calmly under pressure, have the flexibility to adapt to changing circumstances.
• Analytical approach to resolving issues.
• Excellent written and verbal communication skills.
• Demonstrates self-leadership of own work, and that of their team in alignment with the overall task.

Our commitment to diversity and inclusion

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.

We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.

Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

We are also committed to making adjustments for candidates and employees where possible, and we have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here. 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.

Reward

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.

This role offers a base salary of circa £26,960 - £30,330(FTE) per annum, depending on skills and experience on a full-time salary. We encourage flexible working, part-time working and job share arrangements. As this specific role is part-time - 3 days per week, the pro-rated salary is circa £16,176 - £18,198 per annum.

In addition, we also offer a comprehensive benefits package as follows (pro-rated as appropriate):

• 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 at Privacy and the Bank of England | Bank of England.

The Application Process

We anonymise applications so that our hiring managers will not be able to see your personal information when reviewing your application, including your CV. Please take your time to complete the application form questions carefully and in detail as requested. The application questions form an important part of the initial selection process and any incomplete submissions will not be reviewed.

The closing date for applications is 9 April 2024.

The interview process will comprise of two stages.

Please apply online, ensuring that you answer ALL the application questions fully, taking your time to provide complete responses. Please also complete your work history and submit your CV. Your application will not be considered if all mandatory questions are not fully completed.