Banking Analysts, Leeds Banking and Payments Operations Centre
16 days ago
Leeds
Description Ready to take the next step in your banking or payments careerJoin us at the heart of the UKs financial system and help shape the future of financial operations. Location: Leeds Were offering exciting opportunities to join the Bank of Englands newLeeds Financial Operations Centre where youll be part of a team that plays a vital role in maintaining monetary and financial stability across the UK. If you already have experience in banking or payments perhaps in a commercial bank or building society fintech or payments provider and are looking to broaden your impact this could be your next move. What youll be part of: Banking and Payments operations are the engine room of the financial system. Our Banking teams manage customer accounts settle trades and process high-value transactions. Our Payments teams operate systems like CHAPS and RTGS enabling real-time settlement of large payments that keep the economy moving. Together these teams ensure liquidity stability and innovation in the UKs financial infrastructure. Youll be joining a collaborative and dynamic environment where your contributions will be valued and visible. Why join us • Be part of a national institution with a global reputation, • Work on systems and processes that underpin the UK economy, • Develop your career in a supportive and forward-thinking team, • Help shape the future of financial operations from our new Leeds hub Opportunities available in Leeds: Are you ready to be part of a dynamic team that ensures the smooth running of the UKs financial infrastructure We are expanding our operations footprint in Leeds and looking for talented individuals to join our Financial Operations Centre across several exciting teams (more info below): • Sterling Payments Operations: Be a part of our Central Banking Division processing and settling high-value CHAPS payments., • Collateral Management and Custody Team: Operate within our Central Banking Operations Division managing daily securities operations and providing custody services., • RTGS Operations: Join our Payments Operations Division we have roles as (a) operational analysts running RTGS and (b) user acceptance testers making sure change to RTGS is fit for purpose. How to apply Pooled recruitment process and timeline We will be running a pooled recruitment process whereby applicants submit one application and will be considered for roles in all three teams and matched based on interests prior experience and skills. The process will comprise of 3 stages: application form video interview and final assessment centre in November. If you are successful at each stage you will be invited to the next. Candidates will join as a cohort in the first 3 months of 2026 mostly likely February 2026. The application deadline for these opportunities is 5th October 2025. What you will do: Please see additional information on each of our three teams that you could be working for: 1. Your role working within the Sterling Payments Operations Team • Processing Payments:We handle big money transfers quickly and safely following important rules., • Working with HM Treasury:We help the government with their money matters and keep them updated., • Fixing Payment Issues:We solve problems with payment instructions to make sure everything runs smoothly., • Building Relationships:We work well with people inside and outside our organization., • Operational Analysis: Provide operational and technical analysis., • Project Work: Lead and support project initiatives (e.g. ISO 20022 RT Renewal Swift Standard releases)., • Process Improvement: Initiate and implement process changes., • Technical Expertise: Become an expert in technical operations., • Enjoys a salary of 35440 per annumwith the potential to progress to 39870 per annum within 18-24 months. Our clear development framework will guide you in acquiring the skills needed for this progression. Invest in your growth and achieve your career goals with us!, • Benefits from a 4000 Banking allowance: You will get an extra 4000 per year (adjusted for part-time) for unsocial hours. Its paid monthly (333.33 full-time) taxed and added to your base salary. It will not affect the value of your benefits performance award or pension contribution This allowance is linked to the role not the person and continues as long as youre in the role. 2. Your role working within the Collateral Management and Custody Team • Securities Operations: To monitor and settle daily securities transactions ensuring timely and accurate processing of equities and fixed income instruments., • Asset Servicing & Custody: To oversee asset servicing activities and deliver secure efficient custody solutions for clients., • Operational Change Support: To contribute to business change initiatives supporting the implementation of new processes and systems that impact operational workflows., • Process Improvement: To identify inefficiencies in existing processes and lead the implementation of enhancements to drive automation and reduce risk., • Technical Leadership: To apply technical expertise to support system enhancements troubleshoot issues and guide the team on best practices., • Change Delivery: To Lead the end-to-end delivery of change initiatives including business analysis testing and implementation of system upgrades., • Enjoys a salary of 35440 per annumwith the potential to progress to 39870 per annum within 18-24 months. Our clear development framework will guide you in acquiring the skills needed for this progression. Invest in your growth and achieve your career goals with us!, • Benefits from a 4000 Banking allowance: You will get an extra 4000 per year (adjusted for part-time) for unsocial hours. Its paid monthly (333.33 full-time) taxed and added to your base salary. It will not affect the value of your benefits performance award or pension contribution This allowance is linked to the role not the person and continues as long as youre in the role. 3. Your role working within the RTGS Payments Operations (a) Operational Analyst: • The Real-Time Gross Settlement (RTGS) service is the backbone which underpins all financial transactions in the UK and is essential for the functioning of the economy and the implementation of monetary policy and financial stability., • Real-Time Monitoring: Oversee RTGS/CHAPS services and address any issues immediately., • Service Recovery: Assist in recovering services during incidents and execute alternate plans., • Continuous Improvement: Contribute to analysis and improvement activities., • Contingency Planning: Participate in operational resilience tests and support contingency solutions., • Technical Expertise: Develop knowledge in SWIFT and RTGS infrastructure., • Enjoys a salary of 35440 per annumwith the potential to progress to 39870 per annum within 18-24 months. Our clear development framework will guide you in acquiring the skills needed for this progression. Invest in your growth and achieve your career goals with us!, • Benefits from a 8000 Shift allowance: You will get an extra 8000 per year (adjusted for part-time) for unsocial hours. Its paid monthly (666.66 full-time) taxed and added to your base salary. It will not affect the value of your benefits performance award or pension contribution This allowance is linked to the role not the person and continues as long as youre in the role. (b) User Acceptance Tester • Testing prep:Reviewing and analysing requirement documentation to identify scope and produce estimates with support from Test Analysts. Produce test conditions and scripts and engage with stakeholders for sign-off., • Stakeholder engagement: Engaging with business stakeholders when reviewing the change to understand the requirements and allow for informed detailed estimates to be produced. These form a key part of the test plans., • Test Execution:Performing user acceptance testing compiling test evidence and coordinating the defect management process. Track issues with business areas and Technology to ensure the resolution is acceptable in a timely manner. Produce daily progress reports and raise any potential delays / issues to the Test Leads., • Support the team: in particular by coaching and mentoring the Test Analysts to allow them to develop skills and knowledge of Payments systems and processes. Support a buddy system for new members of the team., • Support the Test Leads: in producing test documentation and work with the team day-to-day to ensure these are followed by both the Test Analysts and any relevant business stakeholders., • Enjoys a salary of 28800 per annum. Job Requirements Minimum criteria(for all roles/teams): • Strong organisational and workload management: Capable of identifying prioritising and switching between tasks and deadlines efficiently., • Stakeholder management skills: Effective interaction with teams at all levels including external stakeholders. Able to work both independently and as part of a team., • Accuracy under pressure: Maintain high accuracy and meet tight operational deadlines even when under pressure., • Positive attitude to change: Understand the impact of actions/changes on other areas and have a track record of implementing process improvements., • Data analysis and problem-solving: Skilled in analysing data identifying issues and providing clear resolutions or recommendations., • Clear communication: Able to draft concise instructions and presentations with attention to detail., • Proficient in Microsoft products: Confident in using Excel and other Microsoft tools., • You will have experience and understanding of at least one of the following areas:, • Collateral management, • Securities settlement, • Asset servicing or derivative products, • Delivering projects and change, • User acceptance or system testing, • Appreciation of operational risk and operational resilience, • Leadership experience either through leading others or as a line manager, • Understanding of the following would also be beneficial:, • The UK payments landscape and the Banks role as an FMI, • SWIFT and ISO20022 payment messages, • SWIFT (SAA) and the Temenos T24 banking system, • Splunk monitoring tool As these roles are part of our operational teams there are certain working pattern and location requirements: • Work Location:Youll need to work from our Leeds office about 2.5 days a week (on average). During the first six months you might need to be there more often for training. Some training will also be in London and well cover your travel and accommodation costs., • Shift Hours:Some of the roles will have early starts (5:30 am) and late finishes (up to 9:00 pm) on a rota system. Youll get extra pay for these shifts. If you cant do these hours youll have the opportunity to let us know in your application. In addition to the salary set out in line with the role 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. If you have any questions regarding these advertisements or the application process please contact___