At a Glance
- Tasks: Lead tech experiments for the digital pound at the Bank of England.
- Company: Join the Bank of England, shaping the future of currency.
- Benefits: Enjoy flexible working, a competitive salary, and a comprehensive benefits package.
- Why this job: Be part of a groundbreaking project impacting the future of money.
- Qualifications: Degree in Computer Science or related field; adaptable and eager to learn.
- Other info: Work in Leeds or London; coding challenge as part of the application.
The predicted salary is between 60000 - 84000 £ per year.
Overview
The CBDC Directorate is responsible for analysing the opportunities and challenges presented by the development and design for the Digital Pound. The Directorate\’s activities include economic analysis, technical design, engagement with the private sector and international counterparts, and running experiments such as the Digital Pound Lab. The Directorate will also play a role in developing the future of the payments ecosystem in the UK. As a member of the Engineering team you will be developing and maintaining the technology experiments conducted as part of the Digital Pound Lab and the future payments landscape. You will have the opportunity to build proofs-of-concept and prototypes, start new projects, maintain, extend or improve existing investigations, and explore how to integrate different projects together. We are looking for people with an open and adaptable mindset, keen to learn new technologies and solve interesting problems. While collaborating with solution architects, economists, and industry partners, the results of our work will inform the advancement of the UK\’s payments ecosystem.
Responsibilities
- Develop and maintain technology experiments as part of the Digital Pound Lab and the future payments landscape.
- Build proofs-of-concept and prototypes; start new projects; maintain, extend or improve existing investigations; explore integration of different projects.
- Collaborate with solution architects, economists, and industry partners to inform the advancement of the UK\’s payments ecosystem.
Qualifications
- Degree level qualification in Computer Science, Software Engineering or a related subject, OR comparable professional software development industry experience.
- 5+ years of experience working as Software Engineer or Programmer.
- Proficiency in at least one mainstream general purpose programming language.
- Critical and creative thinking skills.
- Ability to communicate effectively with colleagues of diverse backgrounds and tackle interdisciplinary challenges.
- Ability to quickly adapt and learn new technologies.
Desirable Criteria
- Experience in Banking, Payments or Fintech sectors.
- APIs, technical standards, financial messaging formats.
- Test-Driven Development (TDD).
- DevOps, Infrastructure as Code (IaC), Cloud Platforms.
- Mentoring team members and colleagues with less technical experience.
- Cyber-security practices, standards and tools.
- Database systems.
- Containers and Orchestration systems (e.g. Kubernetes).
- Research and academic writing.
Application guidance
If you are interested in the role and fit the minimum criteria, consider applying even if you do not meet any of the above-listed points. We recognize that strong candidates might have diverse professional and academic experience, and we encourage you to apply if you believe you can contribute meaningfully to our ongoing work.
Application process
- A review of application questions (answered using your own thoughts and writing).
- A coding challenge to complete in your own time.
- A technical interview focused on assessing your programming skills.
- A general interview focused on your skills and experience required for the role and questions relating to our Bank Behaviours.
Inclusion and flexible working
Our Approach to Inclusion: We value diversity, equity and inclusion and aim to build an inclusive culture. We welcome applications from individuals who work flexibly, including job shares and part-time working patterns, and have partnered with external organisations to support adjustments in recruitment where needed. For most roles, work can be carried out at home, with a minimum of 40% time in the office per month, and we aim for colleagues to spend about half of their time in the office where possible.
Disability Confident Scheme
We are 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 section of the application.
Salary and Benefits
- London salary £80,320-£90,360; Leeds £72,320-£81,360. A comprehensive benefits package is offered.
- Currently a non-contributory, career average pension with options to adjust accrual rates through a flexible benefits programme.
- A discretionary performance award based on a current award pool.
- An 8% benefits allowance with the option to take as salary or exchange for flexible benefits.
- 26 days\’ annual leave with option to buy up to 12 additional days.
- Private medical insurance and income protection.
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Lead Engineer (Specialist) in CBDC PROGRAMME employer: Bank of England
Contact Detail:
Bank of England Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Engineer (Specialist) in CBDC PROGRAMME
✨Tip Number 1
Familiarise yourself with the Bank of England's CBDC initiatives by exploring their website and the digital pound lab. Understanding their current projects and future goals will help you align your skills and experiences with their needs during discussions.
✨Tip Number 2
Network with professionals in the fintech and banking sectors, especially those involved in digital currencies. Engaging in conversations about CBDC can provide insights into industry trends and may lead to valuable connections that could support your application.
✨Tip Number 3
Prepare for the coding challenge by brushing up on your programming skills in languages like Java, Python, or C#. Practising coding problems on platforms like LeetCode or HackerRank can enhance your problem-solving abilities and boost your confidence.
✨Tip Number 4
Demonstrate your adaptability and eagerness to learn new technologies by discussing any recent projects where you had to pick up new skills quickly. This will resonate well with the Bank's emphasis on an open mindset and willingness to tackle complex challenges.
We think you need these skills to ace Lead Engineer (Specialist) in CBDC PROGRAMME
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Lead Engineer (Specialist) role in the CBDC Programme. Familiarise yourself with the Bank of England's CBDC work and how your skills align with their needs.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that match the job description. Emphasise your technical expertise, problem-solving abilities, and any experience with financial messaging formats or APIs, as these are crucial for this role.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for Central Bank Digital Currency and your motivation to contribute to the project. Use specific examples from your past experiences to demonstrate how you meet the criteria outlined in the job description.
Complete All Application Questions: Ensure that you answer all application questions fully and in detail. The Bank of England will not consider your application if mandatory questions are left incomplete, so take your time to provide thoughtful responses.
How to prepare for a job interview at Bank of England
✨Show Your Passion for CBDC
Make sure to express your genuine interest in Central Bank Digital Currency and the future of money. Research the Bank of England's CBDC initiatives and be ready to discuss how your skills can contribute to this exciting project.
✨Demonstrate Technical Proficiency
Prepare to showcase your technical skills, especially in programming languages like Java or Python, and your experience with modern web technologies. Be ready to discuss specific projects where you've applied these skills, particularly in relation to financial messaging formats and APIs.
✨Emphasise Adaptability and Problem-Solving
Highlight your ability to learn new technologies and tackle complex problems. Share examples from your past experiences where you successfully adapted to new challenges or technologies, as this role requires a flexible mindset.
✨Communicate Clearly and Effectively
Since you'll be working with both technical and non-technical colleagues, practice explaining your ideas clearly. Prepare to discuss your previous mentoring experiences and how you’ve communicated complex concepts to diverse audiences.