Senior Reward Analyst in the People Directorate (12 month FTC)

The People Directorate is responsible for shaping the Bank’s people strategy, providing information, help and advice to colleagues and line managers, and delivering essential people services across the Bank. It is divided into five teams: Diversity, Equity and Inclusion; Employee Relations; People Operations; Talent Acquisition and Development; and Reward and Wellbeing. The Reward and Wellbeing division designs and runs the Bank’s reward strategy across pay, job architecture, pensions, benefits, wellbeing and recognition, and leads the Annual Salary Review and a multi‑year Pay Framework Review.

Responsibilities

• Lead and deliver high‑quality reward analysis, translating complex data into clear insights and recommendations that influence decision‑making.
• Take a leading role in core cyclical reward activity, including the Annual Salary Review, annual benchmarking and Gender and Ethnicity Pay Gap analysis.
• Contribute to reward projects and change initiatives, such as system enhancements, policy review and development of future pay approaches.
• Produce clear, compelling papers, reports and presentations for senior stakeholders.
• Act as a trusted reward subject matter expert, partnering with colleagues across the Bank and working autonomously on defined workstreams.
• Support Job Evaluation activities and the development of job architecture.
• Continuously improve reward processes, controls and MI through effective use of systems and data.
• Keep engaged with the external environment alongside the ongoing needs of the Bank as an organisation.

Role Requirements

Minimum Criteria

• Strong, demonstrable experience in reward, including interpretation of pay and people data to support decision‑making.
• Experience and proficiency in applying job evaluation or job architecture methodologies.
• Previous experience working with HR or reward systems and data platforms to support employee records, job architecture and pay cycles.
• Strong analytical capability and the ability to interpret complex data sets, providing clear and meaningful insights through written papers and presentations.
• Proven proficiency in Excel, with the ability to use formulas, functions and data analysis tools to manipulate, validate and interpret data accurately.
• Demonstrable interest in reward, external market trends and professional development.

Essential Criteria

• Ability to solve complex reward problems, applying sound judgement and evidence‑based analysis to develop clear recommendations.
• Ability to translate complex reward and data concepts into clear, engaging messages for non‑technical audiences, including senior stakeholders.
• Strong organisational and time‑management skills, including the ability to balance multiple priorities.
• Ability to work both independently and collaboratively across teams, building effective working relationships.
• Evidence of strong stakeholder management skills, including building relationships and influencing at all levels.

Desirable Criteria

• Experience working with Oracle or similar enterprise HR / reward systems.
• Experience using data visualisation or analytics tools (e.g. Power BI, Tableau or similar) to communicate pay and reward insights.

Location London or Leeds.

Salary and Benefits

Salary ranges are: Leeds: circa £46,320 – £52,000 London: circa £51,440 – £57,800

Benefits include:

• Non‑contributory, career average pension (1/80th of annual salary for each year worked, with optional variations).
• Discretionary performance award based on a current award pool.
• 8% benefits allowance, which may be taken as salary or used to purchase flexible benefits.
• 26 days’ annual leave, with the 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, which can take between 6 and 12 weeks post‑offer, and to additional Bank security checks in accordance with Bank policy. Further information regarding vetting and security clearance requirements will be provided to successful applicants, with details of how the Bank processes personal data set out in the Bank’s Privacy Notice.

Equal Opportunities

The Bank of England welcomes applications from all candidates. The Bank is a sponsor under the Immigration Rules and guidance; eligibility for visa sponsorship is considered case by case. We value diversity, equity and inclusion and are committed to maintaining an inclusive culture that supports people from all backgrounds and communities to be at their best at work.

Contact and Application Guidance

Applications close on 5 June 2026. The application process involves reviewing work history and completion of all mandatory questions. Candidates will be anonymised during the screening stage.