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For Companies At a Glance
- Tasks: Join the Bank of England to process payments, manage assets, and test systems.
- Company: Be part of the UK's central bank, focused on financial stability.
- Benefits: Enjoy competitive pay, flexible working, and career development opportunities.
- Why this job: Make a real impact in a vibrant city with a supportive culture.
- Qualifications: Strong communication skills and a keen interest in banking operations.
- Other info: Join a diverse team with excellent growth potential and training.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Banking Operatives, Leeds Banking and Payments Operations Centre – join to apply for the Banking Operatives role at Bank of England. The Bank of England is the UK\’s central bank, responsible for monetary and financial stability.
Opportunities available in Leeds across multiple teams within the Financial Operations Centre. We are expanding our footprint in Leeds and are recruiting for several roles across Sterling Payments Operations, Collateral Management and Custody, and RTGS Operations (BAPT).
This is a pooled recruitment process with a single application considered for the three teams, matched based on interests, experience and skills. The closing date for applications is 5 October 2025. Candidates will join as a cohort in early 2026 (likely February 2026).
What you will do
Please see the information below for the three teams you could be working for:
- Your role within the Sterling Payments Operations Team
- Processing Payments: handle large money transfers quickly and securely, following regulations.
- Working with HM Treasury: assist with government money matters and provide updates.
- Fixing Payment Issues: resolve problems with payment instructions to maintain smooth operations.
- Building Relationships: collaborate with colleagues and external partners.
- Testing Systems: regularly test systems to ensure reliability, including in emergencies.
- Formal job title: Banking and Securities Operations Senior Operative
- Your role within the Collateral Management and Custody Team
- Daily Monitoring and Settlement of Transactions: oversee and settle securities, fixed-income, repo and derivatives.
- Asset Servicing and Custody Management: safeguard client assets and manage asset servicing.
- Issue Resolution and Query Management: address operational issues and respond to queries.
- Support for Business Change Initiatives: assist in testing and implementing projects.
- Process Improvement and Implementation: identify and drive process improvements.
- Formal job title: Banking and Securities Operations Senior Operative
- Your role within the RTGS Operations – Business Acceptance and Participant Testing Team (BAPT)
- Test planning: determine what needs to be tested and create test plans.
- System testing: ensure systems work for users.
- Issue identification and resolution: log issues and coordinate fixes.
- Progress reporting: create reports on testing progress.
- User training and support: provide training and help users understand systems.
- Formal job title: Technology Change Delivery Operative
Job requirements
Minimum criteria (for all roles/teams)
- Strong workload management with the ability to identify, prioritise and manage deadlines.
- Excellent written and verbal communication skills.
- Able to work with a high degree of accuracy.
- Ability to work as part of a team and autonomously.
- Good attitude and problem-solving capabilities.
- IT literacy with confidence in Excel and other Microsoft products.
- A genuine interest in the Bank\’s operations and curiosity about how things work.
Desirable experience
- Securities settlements
- Knowledge of CREST, Easyway, Xact, T24 and SWIFT
- Experience in Collateral management
- Experience in CHAPS / BACS payment processes
- Knowledge and experience of testing principles and tooling/application
- Experience in User Acceptance Testing
We encourage candidates who meet the minimum criteria to apply, even without prior financial services experience. Successful candidates will join at a Foundation level. Where roles are eligible for the Banking Pay framework, we will consider offering an experienced level entry if you have relevant experience.
Working pattern and location
- Work Location: Leeds office about 2.5 days a week on average; training may require more frequent presence in the first six months. Some training in London with travel and accommodation costs covered.
- Shift hours: Some roles include early starts (8am) or late finishes (up to 8pm) on a rotating basis; additional pay for unsocial hours. If these hours are not possible, you can indicate this in your application.
- Weekend work: Occasional weekend work may be required during system changes.
Salary and benefits
- Pay and allowances: pay for unsocial hours varies by role; details in the provided table.
- Progression: move from Foundation to Experienced level in approximately 18–24 months in Sterling Payments Operations and Collateral Management and Custody teams.
- Operational allowance: £4,000 per year (adjusted for part-time) for unsocial hours; paid monthly and added to base salary; does not affect pension or benefits.
Candidates with prior relevant experience will be considered for an experienced role. Salary and additional allowances will be confirmed at offer, aligned with the salary table.
Inclusion and benefits
The Bank values diversity, equity and inclusion. We are committed to an inclusive culture that supports people from all backgrounds. We welcome flexible working patterns and have arrangements to support adjustments in recruitment where needed. We are also a member of the Disability Confident Scheme.
Why join us in Leeds?
- Vibrant city life with good transport links and local amenities.
- Career development through training, mentorship and progression opportunities.
- Competitive salary and benefits package, including flexible working options and health and wellness programs.
- Inclusive and supportive environment with a collaborative culture.
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Banking Operatives, Leeds Banking and Payments Operations Centre employer: Bank of England
Contact Detail:
Bank of England Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Banking Operatives, Leeds Banking and Payments Operations Centre
✨Tip Number 1
Network like a pro! Reach out to current or former employees at the Bank of England on LinkedIn. A friendly chat can give us insider info and maybe even a referral!
✨Tip Number 2
Prepare for those interviews! Research the Bank's operations and think about how your skills fit into their teams. We want to show them we’re not just a good fit, but the perfect match!
✨Tip Number 3
Practice makes perfect! Get a mate to do mock interviews with you. This will help us nail our responses and boost our confidence before the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows we’re serious about joining the team!
We think you need these skills to ace Banking Operatives, Leeds Banking and Payments Operations Centre
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application for the Banking Operatives role. Highlight your relevant skills and experiences that match the job description, especially in areas like payment processing or collateral management.
Showcase Your Communication Skills: Since excellent written communication is key, ensure your application is clear and concise. Use proper grammar and structure to demonstrate your ability to communicate effectively, just like you would in the role.
Highlight Your Problem-Solving Abilities: The Bank values a good attitude and problem-solving capabilities. Share examples from your past experiences where you've successfully resolved issues or improved processes, as this will resonate well with the hiring team.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets seen by the right people and helps us keep track of all applicants efficiently.
How to prepare for a job interview at Bank of England
✨Know Your Role Inside Out
Before the interview, make sure you thoroughly understand the specific roles within the Banking Operatives position. Familiarise yourself with Sterling Payments Operations, Collateral Management, and RTGS Operations. This will help you answer questions confidently and show your genuine interest in the Bank's operations.
✨Showcase Your Problem-Solving Skills
Be prepared to discuss examples of how you've tackled challenges in previous roles. The Bank values candidates with strong problem-solving capabilities, so think of situations where you identified issues and implemented effective solutions. This will demonstrate your ability to handle operational issues.
✨Brush Up on Your IT Skills
Since the role requires IT literacy, especially in Excel and other Microsoft products, make sure you're comfortable using these tools. Consider doing a quick refresher on relevant software or even practice some common tasks that might come up in the job, like data analysis or reporting.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! This shows your enthusiasm and curiosity about the role. You could inquire about the team dynamics, upcoming projects, or how the Bank supports career development. It’s a great way to leave a positive impression.