Bank of England — Finance Analyst

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

  • Department Overview
    The world of payments is changing rapidly. New innovative technologies are being developed to meet the changing needs but these can give rise to new threats to users of the payments system, and to the stability of that system as a whole. This means that we need ever stronger protections and more resilient infrastructure.

    The Real-Time Gross Settlement System (RTGS) lies at the heart of UK payments. In total, RTGS settles around £600bn of payments each day which is close to the UK’s annual GDP every 3 days. The RTGS infrastructure is over 20 years old and, despite its excellent operational record, it needs to be modernised and developed to meet today’s needs. Balancing the safeguarding of stability whilst enabling innovation.

    The RTGS Renewal Programme has been established to develop the next generation of the Bank of England’s Real-Time Gross Settlement (RTGS) system. The way payments are made has changed dramatically in recent years, reflecting changes in the needs of households and companies, changes in technology, and an evolving regulatory landscape. The range of payment providers is growing rapidly. Given the implications of these changes for the Bank’s mission and for users, businesses and regulators, it is important that the Bank consider how RTGS will need to evolve to meet and shape payments trends in the coming decades.
  • Job Description

    An exciting opportunity has arisen for a Finance Analyst to join the PMO function of the RTGS Renewal Programme.  The role will report to the RTGS Finance Manager and support all financial activities on the Programme, including month-end processes, MI reporting, resource demand and project forecasting.  The role will have exposure to senior stakeholders both internal and external to the Programme and will evolve over the lifetime of the Programme.


    The main responsibilities for the role are:

    • Own and manage the month end process, including accruals and expense management for the Programme.
    • Lead updates to the Programme resource plan, applying stringent change control.
    • Create Programme financial MI for Programme Boards and governance.
    • Work with Project Managers to track and report project level spends for the Programme.
    • Update Programme level forecast and interlock with Central Finance.
    • Identify variances to approved funding and apply commentary.
    • Manage resource allocations for central time booking systems.
    • Provide ad-hoc support across the PMO team for the wider Programme.
  • Essential Criteria
    • Experience in a financial control environment.
    • Part-qualified or finalist CIMA/ACA/ACCA (or equivalent).
    • Strong Excel skills (pivot tables, SUMIF etc).
    • Proficient in Word and PowerPoint
    • Good interpersonal skills and previous experience of working with senior stakeholders. 
    • The ability to prioritise and handle a changing workload, while maintaining attention to detail.
    • The ability to work independently and as part of a team.
    Desirable Criteria:
    • Previous experience of programme/project accounting is desirable.
    • Exposure to a large Programme environment would be beneficial.
    • Experience of compiling financial information for governance board packs.
    • Banking experience is desirable but not essential.
  • To apply

    Please submit your up-to-date CV and Cover Letter explaining how you meet the role requirements by the closing date (21 December 2019). To discuss, please contact Jordon Henderson, Talent Manager at [email protected]