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- Tasks: Drive impactful digital change in the UK's financial system through data migration and system upgrades.
- Company: Join the Bank of England, a leader in financial innovation and stability.
- Benefits: Competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Be at the forefront of modernising banking systems and making a real difference.
- Qualifications: Experience in financial services and strong analytical skills required.
- Other info: Enjoy a diverse culture and excellent career progression opportunities.
The predicted salary is between 43300 - 46600 £ per year.
The Bank of England are seeking a high-calibre Business Analyst with strong experience delivering large-scale system and data migration programmes within financial institutions, who want to deliver high-impact digital change at the heart of the UK's financial system. Hybrid working in Leeds. £49,360-£55,530 plus 8% benefits allowance, 10-25% discretionary bonus and non-contributory pension. 21 Month FTC.
Role Overview:
Business Analysts enable the Bank to meet its objectives by working on technology change initiatives. As part of cross functional teams and working closely with our business colleagues, BAs elicit, analyse, validate and manage and create a shared understanding of requirements to enable successful implementation of our change initiatives.
You will be joining the Markets, Banking, Payments and Resolution (MBPR) Tower, which delivers change across the systems and services that support the Bank's markets, banking and payments operations. The tower focuses on modernising platforms, improving processes and ensuring critical services continue to operate securely and effectively within a highly regulated environment.
Typical role responsibilities include:
- Requirements gathering and process engineering analysis to provide detailed analysis to ensure appropriate solutions are identified and designed to deliver the right business outcomes.
- Producing outputs at different levels (high level to functional specifications) to a high quality within the standards set by the BA management team.
- 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), facilitating workshops with the business utilising a variety of business analysis methods.
About You:
An experienced Business Analyst with a track record of delivering complex change within financial services or other regulated environments. You should be comfortable working across the full software development lifecycle and familiar with both Agile and Waterfall delivery approaches. You'll have experience gathering, analysing and documenting business and solution requirements using a range of BA techniques, such as wireframes, use cases and data models and be confident modelling processes using BPMN 2.0.
You will ideally bring experience supporting large-scale technology change programmes, such as SAP or ERP transformation or platform modernisation initiatives. Exposure to data-focused change, including data migration, integration or MI and regulatory reporting would also be beneficial.
Essential Criteria:
- Experience working within financial institutions and delivering projects related to:
- Payments (including scheme changes, real-time payments, cross-border processing)
- Data-focused change, data quality improvement, and data migration
- System upgrades, integrations, and platform modernisation
- Regulatory and compliance-driven change (e.g., FCRM, AML, KYC, operational resilience)
- Reporting and MI/BI solutions (including regulatory reporting)
- Operating model change, process optimisation, and control enhancements
- Product delivery model methodology experience
Desirable Criteria:
- Experience delivering SAP or ERP transformation within financial services or banking environments.
- Experience contributing to large-scale platform modernisation programmes, including migration from legacy systems to target-state architectures.
Benefits:
In addition to the base salary of £49,360 - £55,530, you can expect a planned, transparent progression with learning and development tailored to your role, and a culture encouraging inclusion and diversity, plus the following benefits:
- A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
- An annual discretionary performance award based on a current award pool (10%-25%)
- An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
- 25 days annual leave with option to buy up to 13 additional days through flexible benefits.
- Private medical insurance and income protection.
- Dental cover
- Interest-free season ticket loan
The Bank takes pride in its people, with backgrounds and experiences as diverse as the solutions they provide. You'll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK. All of which add up to make the Bank a hugely rewarding place to work.
Job contact - Zee at Inspire People / 02078718556
Senior Business Analyst - Banking in Leeds employer: Inspire People
Contact Detail:
Inspire People Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst - Banking in Leeds
✨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, which can really boost our chances.
✨Tip Number 2
Prepare for the interview by practising common Business Analyst scenarios. Think about how you’d tackle requirements gathering or process optimisation in a banking context. We want to show we’re ready to hit the ground running!
✨Tip Number 3
Showcase your experience with data migration and system upgrades during interviews. Bring examples of past projects where you made a significant impact. This will help us stand out as candidates who can deliver real change.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows we’re serious about joining the team at the Bank of England.
We think you need these skills to ace Senior Business Analyst - Banking in Leeds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Business Analyst role. Highlight your experience with large-scale system and data migration programmes, especially within financial institutions. We want to see how your skills align with the job description!
Showcase Your Achievements: When writing your application, don’t just list your responsibilities. Instead, showcase your achievements! Use specific examples of how you’ve delivered complex change or improved processes in previous roles. This will help us see the impact you've made.
Be Clear and Concise: Keep your written application clear and concise. Use bullet points where possible to make it easy for us to read. Remember, we’re looking for high-quality outputs, so clarity is key!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get your application in!
How to prepare for a job interview at Inspire People
✨Know Your Stuff
Make sure you brush up on your knowledge of the banking sector, especially around payments and data migration. Familiarise yourself with key terms and concepts like BPMN 2.0 and Agile methodologies, as these will likely come up during your interview.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully delivered complex change initiatives. Highlight your experience with system upgrades or platform modernisation, and be ready to discuss how you approached requirements gathering and process optimisation.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the Bank's current projects or challenges they face in the financial sector. This shows your genuine interest and helps you assess if the role aligns with your career goals.
✨Practice Makes Perfect
Conduct mock interviews with a friend or mentor to practice articulating your thoughts clearly and confidently. Focus on explaining your analytical approach and how you collaborate with cross-functional teams, as this is crucial for a Business Analyst role.