Role Requirements

Minimum Criteria

• Significant technical work experience in technology and third-party risks or assurance and/or Business Continuity Planning and technical recovery solutions for severe disruptive scenarios (such as bare metal rebuilds, data vaults, etc).
• Understanding of related Bank policy such as SS2/21 – Outsourcing and third party risk management and SS1/21 Operational resilience: Impact tolerances for important business services.
• Extensive knowledge of Technology risk (identification, protection, response and recovery).
• Ability to represent the Bank and PRA credibly and professionally in both internal and external meetings.

Essential Criteria

• A solid grasp of the implications underpinning the broader Operational Resilience and cyber agenda, the importance and complementarities of technology and third party.
• Good interpersonal skills and the ability to work flexibly as part of a team and collaboratively with wider Bank colleagues.
• Strong written and oral communications, including to senior audiences, with an ability to explain complicated material in easy-to-understand ways.
• Experience to design and refine risk assurance reviews to reflect evolving sector risks.
• Solid experience in applying sound judgement to complex and uncertain issues, enabling effective identification, assessment and management of emerging risks.
• Demonstrable track record of leading and delivering substantial pieces of work, including managing others working on it, ensuring progress against plan, and keeping key partners informed.

Desirable Criteria

• A good understanding of the important business services provided by systemically important financial institutions or financial market infrastructure.
• Experience in cloud implementations and risk management including cyber scenarios
• Relevant professional qualifications.
• A track record of supporting diversity and inclusion initiatives and encouraging others to do the same.

What will I get from the role?

• An opportunity to strategically influence a highly complex and fast evolving agenda on technology, AI, third party and wider operational resilience.
• Undertake stimulating and challenging work in operational risk and resilience, with the opportunity to influence positively firms’ behaviour at a time when operational risk is high on the regulatory agenda.
• Contribute to the implementation of the PRA’s wider operational resilience strategy.
• Acquire a high profile within the UK’s operational risk community.

IMPORTANT NOTE:

Please answer ‘N/A’ to the following screening questions:

“Please give examples highlighting your skills that are applicable to the requirements of this role. In your response, please include: - The situation or task – the context and challenge involved - The actions you took – what you were personally responsible for - The outcome – the results achieved and the impact of your actions Your examples can be drawn from any role, project, or experience. We are interested in what you did and how you applied your skills. (max 300 words)” and “Explain why you are interested in this role and how your skills and experience meet the minimum and essential criteria, as outlined in the job description.”. Please ensure you answer all other screening questions fully.

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 [https://www.gov.uk/government/publications/disability-confident-guidance-for-levels-1-2-and-3/level-2-disability-confident-employer]. 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.

Salary circa £73,760 - £90,000. In addition, we also offer a comprehensive benefits package as detailed below:

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• An 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