Senior Business Analyst (21 Month Fixed-Term Contract/Secondment)

Location: Leeds or London

The Technology Division provides information and system technology services to all business areas in the Bank as part of Central Services. Our key objective is to support the policy and operational divisions to meet the Bank's stated objectives.

The Technology Division structure is designed to reflect the delivery lifecycle for technology. New technologies and investments are planned and designed and then handed over to be built, maintained and run. All of this activity needs to be conducted in a way that ensures information and data is kept secure, for which a separate operating function has been created.

This role sits in Technology Strategy & Architecture (TSA) which is responsible for ensuring IT change is aligned to business priority, and that the technical architecture is right. The team is now split into several towers, each intended to cover specific areas of the Bank (PRA, M&B etc.). Within each tower, there is a tower lead, and a number of Business Analysts and Architects (including Business Architects, Solution Architects, Data Architects etc.) The Architects are responsible for defining the Technical Architecture ensuring alignment to our strategy, standards, and technical roadmaps. The Business Analysts provide detailed analysis to ensure appropriate solutions are identified and designed to deliver the right business outcomes.

Essential Skills & Experience

• Educated to degree level / ISEB / BCS BA Diploma certified, IIBA certification (e.g. CBAP) or equivalent
• Solid career track record as a business analyst with strong exposure to technical / software development projects ideally within a financial or regulatory environment
• Strong evidence of exposure to the full software development lifecycle with ample experience of both Agile and Waterfall methodologies
• Ability to coach and mentor junior colleagues on Agile principles
• Awareness of operating models (both current and target state) and how to develop and use them on projects / programmes
• Experience of working on complex projects and programmes involving broad-based business change
• Excellent stakeholder management at all levels; both internally and externally. Able to manage large groups of stakeholders, under uncertain environments, providing challenge as and when required
• Able to produce outputs at various levels (high level to functional specifications) to a high quality within the standards set by the BA management team
• Experience of developing business processes using BPMN 2.0 and use of 'out of the box' thinking to challenge existing processes
• A proactive problem solver with the ability to exercise independent judgement and strong influencing skills, knowing when to act on any key issues that require escalation/support from the BA leadership team
• Strong exposure to gathering, analysing and accurately documenting business and solution requirements using a wide variety of techniques from the 'BA Toolkit' such as; business process models, wireframes, use cases and data models
• Experience of providing both functional and technical expertise to the Technology teams in producing detailed requirements documentation (e.g. detailed process maps, use case specifications, wireframes, logical data models, traceability matrices)
• Experience of managing complexity and change and an awareness of the associated technical impacts to the organisation
• Possess strong business insight, able to quickly pick up the context and business knowledge required, supporting the business through the requirements gathering, design and testing phases
• Proven experience of facilitating workshops with the business utilising a variety of business analysis methods

Desirable Experience

• Awareness of business architecture and related principles
• Data Management (inclusive of data journeys, analysis, integration and migration)
• Supporting scaled Agile methodologies in Waterfall environments
• Certification in industry recognised delivery methods such as Agile, DevOps
• Understanding of Project Management - resource and time management

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.

We offer a salary as follows:

• Leeds circa £47,920- £53,910
• London circa £53,200 - £59,850

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. 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.
• 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.

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 10 June 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.

About Us

We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy. Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.

It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.

There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package. Join us and find a bank like no other. Together, we can make a difference.

The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you're successful we'll use it to offer you a position and onboard you to join the Bank. If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice.