Banking and Securities Operations Support Operative - specialist in Scor - Megara Upgrade & Imp[...]

This is a 12 months FTC. An exciting opportunity has arisen to provide operational support to the Collateral Management System at the heart of the Bank's securities, custody and settlement services. The role will provide excellent opportunities to develop multiple skills in providing monitoring and system support, issue management, static data management and relationship liaison, as well as an opportunity to build business knowledge.

Directorate overview
Banking Directorate supports the Bank's mission to maintain monetary and financial stability by developing and operating resilient and efficient banking, payment, settlement, and custody services in support of our strategic customers and our market operations. We are at the heart of the Bank both in terms of our core role in monetary and financial stability, and the wide range of internal and external stakeholders we work with. The variety and immediacy of the work we do means we are one of the most outward facing and fastest moving areas, acting as the 'bank within the Bank' for the UK government, CCPs and other central banks, as well as our own market operations.

Department overview
The Central Banking Operations Division (CBOD), within the Banking Directorate, manages the settlement of the Bank's securities and fixed income operations. The teams within CBOD provide securities custody and settlement services for a range of customers including the UK Debt Management Office (DMO) and foreign central banks, whilst also performing the settlement of the Bank's official Sterling and FX market operations and of the UK's foreign currency reserves (the Exchange Equalisation Account), as Agent on behalf of HM Treasury.

Role Description
We are looking for an enthusiastic and highly motivated individual to join the Business Support Team (BST) within Central Banking and Operations Division (CBOD) as a Scale I Senior Operative. This role offers an exciting opportunity to develop a wide variety of skills and knowledge in supporting some of the Bank's core financial operations.

Main responsibilities:

• Monitoring the collateral management system to ensure automated processes and messages flowing in and out the system are running correctly.
• Providing first line support to the system, logging of issues accurately to a high standard, providing initial investigation and working with business users and technical support from system vendor.
• Maintaining static data within the system - including standard settlement instructions 'SSIs' from external participants to the Bank's operations.
• Managing the creation of user accounts to the external-facing Collateral Management Portal.
• Producing regular management information.

About You
A strong candidate is likely to display excellent customer service skills, a keenness to develop business knowledge and able to demonstrate the following essential criteria below.

Minimum (Essential) Criteria:

• Minimum 18 months experience in providing system support, maintaining static data within a system, or in a related securities settlement, asset servicing, or collateral management role.
• Ability to communicate effectively, both written and verbal, and work collaboratively as part of a team.
• Ability to work accurately and to tight deadlines.
• Ability to learn new processes and follow instructions.

Desirable Criteria:

• A good level of IT literacy and confidence in the use of Excel and other Microsoft products.
• Experience logging issues accurately in an issue management tool ie. JIRA.
• Understanding of SWIFT financial messaging.

As this role is an operational role overtime will be paid when required e.g. team members on a rotational basis are required to provide end of system day support cover each evening, approximately once a week. The role also currently benefits from an additional Banking Operators Allowance - This is a non-pensionable cash amount equivalent to £4,000 per annum for full time employees, pro-rated for part-time staff in accordance with their working pattern. This will be paid in equal monthly instalments and will be subject to tax and national insurance. It is paid in addition to base salary and any overtime will not affect the value of benefits, performance award or pension contribution.

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. This role offers a salary of: London - £35,100. 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.

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.

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 Sunday 27th July 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.