Bank of England Hiring for Finance and Data Junior Analyst in Markets, Banking and Resolution Job at London, England Full Time

Finance and Data Junior Analyst in Markets, Banking and Resolution

– (006681)

Markets, Banking and Resolution (MB&R) is one of four Deputy Governorships in the Bank and plays a critical role in the Bank’s mission to promote monetary policy and financial stability. It leads our sterling market operations, runs the UK’s high value payments system, manages its foreign exchange reserves, and acts as the ‘bank’ within the Bank of England. It uses its presence, expertise and influence in financial markets to advise and shape the Bank’s policy decisions and priorities. MB&R is also home to the FinTech Hub, preparing the Bank for developments in financial technology. It is an operationally diverse and outward facing area in which to work.

Departmental Overview

The MB&R Chief Operating Office Division (COOD) is central to the area. With around 65 staff, it works to devise and implement the operational strategy of the area and takes the lead on all cross-divisional issues relating to: operational resilience; change delivery; business planning; oversight, challenge and mitigation of operational risk, people strategy and promoting diversity and inclusion. We engage with and support c 800 staff within the Deputy Governorship with the aim of delivering sustainable organisational performance, and work very closely with colleagues in Central Services.

Job Description

We are looking for a junior analyst. You will be an important part of two diverse teams – one, a small team of HR/Diversity and Inclusion specialists (People Strategy), the other, a broader team covering finance and business administration (Business Management), around 12 people in total. The responsibilities of these teams range from MB&R’s D&I strategy, training and talent management, its budget and its funding through to customer charges and invoicing.

The role holder will make an important contribution in supporting the HR, D&I and financial accounting/budget data, which will be needed as our work expands to cover an increase in staffing to deliver Strategic Priority 1 (SP1). You’ll spend half your time with the People Strategy team and the other half of your time with the Business Management team. The role could therefore be successfully undertaken by one person working full-time, or by those working part-time as two separate roles or as a job share (depending on personal preferences). There will be scope to develop further skills across HR, Finance or Data and Analytics (D&A) areas, depending on the jobholder’s preferences, and specific deliverables will be allocated relevant to your experience level. The role offers a strong grounding in areas that would be highly transferable within the Bank and externally, and opportunities to develop through our MB&R Emerging Talent Programme, training and apprenticeships.

Your role will include:

• Taking the lead in analysing diversity and inclusion data and Viewpoint staff survey/pulse survey results, and work with the people Strategy team to experiment with creative ways of presenting analysis for maximum impact.
• Coordinating data and analysis required for committee meetings, senior management meetings and a new MB&R D&I newsletter.
• Liaising with other D&I teams across the Bank to compare and contrast data, and explore examples of best practice we can learn from.
• Work with the COO manager to act as a business partner for the new Strategic Priority Delivery Unit in Markets, including monthly headcount forecasting.
• Providing wider support for the M&B budget process, including timely budget-related MI, attend meetings with managers/senior leadership team and other tasks, such as reporting on direct expenditure and income.
• Support the team’s financial processes e.g. be a point of reference for expense queries and undertake customer invoicing. Manage the day-to-day support for supplier management in M&B.

Minimum Criteria/ Essential

• Strong analytical ability and comfortable with data, including the ability to use Excel and a willingness to learn/use other tools such as R and Tableau over time.
• Evidence of being a strong team player and collaborating closely with colleagues.
• Able to demonstrate curiosity and determination to help identify ways to improve our processes and outputs, as well as understanding the detail of processes.
• Evidence of strong organisational skills, with an ability to independently lead strands of work and prioritise a varied task list.
• Track record of working efficiently and accurately to often tight and changing deadlines.
• Strong communication and interpersonal skills to support frequent interactions with staff of varying levels of seniority across the Bank.

Desirable Criteria

• Existing knowledge or previous experience of using Data & Analytics tools, such as Tableau or R.
• Previous experience either in using HR data or in financial accounting and related work.

You should not be put off applying if you do not meet/ have all of these criteria – we would encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be helpful in role.

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. This role is therefore open to flexible working patterns. (Delete if operationally this may not be feasible)

We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.

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 specific role offers a base salary range of £28,050 – £32,490 per annum (depending on skills and experience), along with our comprehensive benefits package as follows:

• 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 25 days annual leave with option to buy up to 13 additional days through flexible benefits.
• Private medical insurance and income protection.

The closing date for applications is 26 April 2022.