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

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

City of London Temporary 40000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our team as a Senior Business Analyst, driving IT change and aligning technology with business goals.
  • Company: Be part of the Bank of England, a key player in maintaining financial stability.
  • Benefits: Enjoy flexible working, a generous pension scheme, and 26 days of annual leave plus additional options.
  • Why this job: Make an impact in a diverse environment while developing your skills in a supportive culture.
  • Qualifications: Degree level education and experience in business analysis, especially in tech or finance.
  • Other info: This is a 21-month fixed-term contract with opportunities for growth and mentorship.

The predicted salary is between 40000 - 60000 £ per year.

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 including a non-contributory, career average pension, discretionary performance award, 8% benefits allowance, 26 days' annual leave, 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.

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.

Senior Business Analyst (21 Month Fixed-Term Contract/Secondment) employer: Bank of England

The Bank of England is an exceptional employer, offering a dynamic work environment in either Leeds or London, where innovation meets tradition. With a strong commitment to diversity, equity, and inclusion, the Bank fosters a culture that values every employee's contribution while providing ample opportunities for professional growth and development. Employees benefit from a comprehensive package that includes flexible working arrangements, generous leave policies, and a robust pension scheme, making it an ideal place for those seeking meaningful and rewarding careers.
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Contact Detail:

Bank of England Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Business Analyst (21 Month Fixed-Term Contract/Secondment)

✨Tip Number 1

Familiarise yourself with the specific technologies and methodologies mentioned in the job description, such as Agile and Waterfall. Being able to discuss your experience with these frameworks during interviews will demonstrate your suitability for the role.

✨Tip Number 2

Prepare examples of complex projects you've worked on, particularly those involving broad-based business change. Highlight your stakeholder management skills and how you navigated uncertain environments, as this is crucial for the Senior Business Analyst position.

✨Tip Number 3

Brush up on your knowledge of BPMN 2.0 and be ready to discuss how you've used it to develop business processes. This will show that you can think critically and challenge existing processes effectively.

✨Tip Number 4

Network with current or former employees of the Bank of England, especially those in similar roles. They can provide insights into the company culture and expectations, which can help you tailor your approach during the interview process.

We think you need these skills to ace Senior Business Analyst (21 Month Fixed-Term Contract/Secondment)

Business Analysis
Agile Methodologies
Waterfall Methodologies
Stakeholder Management
BPMN 2.0
Technical Documentation
Problem-Solving Skills
Coaching and Mentoring
Requirements Gathering
Data Modelling
Process Mapping
Facilitation Skills
Change Management
Business Insight
Software Development Lifecycle

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience as a business analyst, especially in technical and software development projects. Emphasise your familiarity with Agile and Waterfall methodologies, as well as any relevant certifications like IIBA or CBAP.

Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Senior Business Analyst role at the Bank of England. Mention specific skills that align with the job description, such as stakeholder management and experience with BPMN 2.0.

Complete All Application Questions: Pay close attention to the application form. Ensure you answer all questions fully and in detail, as incomplete applications will not be considered. Use this opportunity to showcase your problem-solving skills and experience in managing complex projects.

Prepare for Interviews: Once your application is submitted, prepare for the interview stages by reviewing common business analyst interview questions. Be ready to discuss your previous projects, how you've handled stakeholder management, and your approach to Agile principles.

How to prepare for a job interview at Bank of England

✨Understand the Role and Requirements

Before the interview, make sure you thoroughly understand the job description and requirements for the Senior Business Analyst position. Familiarise yourself with the key responsibilities, such as stakeholder management and experience with Agile methodologies, so you can discuss how your background aligns with these needs.

✨Prepare Examples of Your Experience

Be ready to provide specific examples from your past work that demonstrate your skills in business analysis, particularly in technical or software development projects. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.

✨Showcase Your Problem-Solving Skills

As a proactive problem solver, be prepared to discuss how you've tackled complex issues in previous roles. Highlight your ability to exercise independent judgement and when you've successfully escalated issues to leadership, showcasing your influencing skills.

✨Engage with Stakeholders

Since excellent stakeholder management is crucial for this role, think about how you can demonstrate your experience in managing large groups of stakeholders. Be ready to discuss how you've navigated uncertain environments and provided constructive challenges when necessary.

Senior Business Analyst (21 Month Fixed-Term Contract/Secondment)
Bank of England
Location: City of London
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  • Senior Business Analyst (21 Month Fixed-Term Contract/Secondment)

    City of London
    Temporary
    40000 - 60000 £ / year (est.)
  • B

    Bank of England

    1000-5000
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