Technical Specialist (cyber related), Operational Risk and Resilience, R&CGI Operational Risk and Resilience Team - Insurance Directorate

You will be expected to engage and influence effectively senior management internally and at regulated firms; represent the Insurance Directorate with other regulatory authorities (e.g. FCA) and to deliver clear messages in industry events.

Role Requirements

Minimum Criteria

• Experience in cyber security, technology risk, and operational risk and resilience;
• Excellent analytical and technical skills, the ability to analyse and interpret operational and risk and resilience information independently, exercise judgement and draw and present clearly reasoned conclusions;
• Ability to communicate complex technical issues to non-technical stakeholders;
• Breadth of understanding of the key issues facing firms with respect to operational risk and resilience and ability to provide thought leadership when scoping and undertaking assurance review projects (including firm and sector/thematic reviews);
• Strong personal impact and credibility, the ability to communicate effectively, persuade and influence the senior management of a firm, and overseas regulators, to advance the PRA objectives;
• The ability to act independently and effectively lead a programme of work, delivering through others and providing thought leadership.

Essential Criteria

• Excellent stakeholder management skills, with experience of building and maintaining relationships with individuals at all levels of seniority and to influence and challenge where appropriate;
• Excellent written and oral communication skills, ability to deliver clear, concise and structured written communication and clearly articulate findings to senior management;
• Sound judgement, the ability to cover a wide variety of operational resilience issues, linking various strands of work, focus on the key issues when working under pressure;
• Strong knowledge of cyber resilience, technology risk and operational resilience frameworks;
• Expertise in assessing the implementation of the Operational Resilience policy (e.g. SS1/21, SS2/21) and the requirements for material outsourcing notifications and incident reporting;
• Ability to manage competing priorities and deliver high-quality outputs.

Desirable Criteria

• Understanding of PRA, Insurance Directorate and FCA priorities relevant to this area of work.

With the screening questions, please put N/A to the screening question “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). However, please do ensure you answer in full the screening question “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".

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.

This role offers a salary of circa £65,440 - £73,600. 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 set out in the Bank's Privacy Notice [https://www.bankofengland.co.uk/legal/privacy].

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.

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