Market Operations Technician

Job Description

Middle Office works closely with the Markets and Banking directorates which are dynamic and fast paced areas and, as a result, the job holder will have exposure to high profile projects in addition to their regular work. The job holder will be given the opportunity to research and implement improvements and work across teams within Middle Office, Markets, Banking and other directorates.

We are looking to fill an Market Operations Analyst role on the team. The successful candidate will join a team consisting currently of a Manager, two Senior Analysts, three Analysts, three Operational Analysts and five Operational Assistants. The job holder will be an integral member of the CCO team and as such will play a key role in the support of the Bank's financial and monetary operations. Key responsibilities include, but are not limited to:

-- Manage and own market data, implementing and maintaining consistent records for use across multiple systems and by key stakeholders

-- Coordinate, liaise and communicate across the Front, Middle and Back Offices to ensure smooth and effective running of the Bank's operations

-- Developing an understanding of the Bank's Risk Management functions and close liaison with FRMD to implement the Bank's polices

-- Identify and implement business improvements to ensure operational excellence within all tasks on the team

-- Recording incidents across the division, producing analysis and recommendations for senior managers

-- Producing management information to support the key operations of the team, spotting trends and anomalies in the data where appropriate

-- Becoming a subject matter expert on one of the workstreams within the team, providing expertise for change projects, including Markets-wide initiatives to support the Bank's mission

-- Contributing to the systems improvement programme and support of live technical issues, working alongside Analysts within the team.

Role Requirements

Minimum Criteria

• A team player, willing to help others to achieve results
• Experience of working accurately to tight deadlines with the ability to manage your own workload and effectively prioritise tasks
• Attention to detail with the ability to deliver outputs to a high standard
• Experience of coordinating change initiatives, including the ability to identify and implement business improvements
• Strong interpersonal skills to interact confidently with other teams and directorates at junior and senior levels, including externally
• An interest in the Bank's market operations and how we support them
• Strong written and verbal communications skills to present to a range of stakeholders
• Strong IT skills and a proven track record of learning new processes and systems
• Experience of providing effective training on processes and an understanding of documenting knowledge and sharing knowledge effectively

Essential Criteria

• A basic understanding of financial risk, and an interest in the Bank's market operations and how we support them
• Experience in working with different areas in the organisation
• An intuitive ability to identify and understand our risk and controls and driving changes to improve processes
• Some knowledge of the Bank's financial market operations would be an advantage. Training on the use of Bloomberg, Openlink and other local systems will be provided.
• Collaborative team-player that can work effectively with the project and business teams and engage with senior collaborators.
• Attention to detail with the ability to deliver outputs to a high standard
• Experience of working to tight deadlines with the ability to manage your own workload and effectively prioritise tasks
• An interest in the Bank's market operations and how we support them
• Strong written and verbal communications skills to present to a range of stakeholders

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

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.

This role offers a salary of

Leeds from £27,280 - £30,690

London from £30,320 - £34,110.

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.

This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

Number of direct reports: 1

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 Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

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 assessment process will comprise of two interview stages.

This role closes on Thursday 30th January 2025.

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.