18 month FTC role
The People Directorate enables the Bank to attract, develop and retain the talent needed to fulfil its mission. We do this by shaping people strategy, providing expert advice and services, and delivering the core processes that help colleagues thrive.
Our work spans advisory and operations (including AskHR and payroll), people strategy and insights (data‑driven people analytics and strategic partnering), talent and leadership, inclusion, and specialist centres of excellence like Reward and Employee Relations.
The Reward Team
Reward sits within the People Directorate. We design and run the Bank's reward strategy across pay, job architecture/evaluation, pensions, benefits, wellbeing and recognition.
We lead the Annual Salary Review undertake equality analytics and are currently undertaking a multi‑year Pay Framework Review to review our future approach to pay.
Role Responsibilities
* Conduct detailed analysis of reward data to support the delivery and continuous improvement of reward across BAU and project environments.
* Take a leading role in cyclical and project related reward activity, including:
o ASR (Annual Salary Review)
o Annual Market Salary Benchmarking
o Gender and Ethnicity Pay Gap
o Policy review and maintenance
o System development and maintenance to support reward processes
o Production of reports, insights and presentations for senior stakeholders.
* Support and contribute to the Job Evaluation processes
* Drive continuous improvements and efficiencies on Reward processes including HR systems
* Act as a subject‑matter expert on reward topics, working autonomously on dedicated workstreams and partnering with local business areas
* Apply technical knowledge and judgement to analyse issues and provide high‑quality advice
* Keep engaged with the external environment alongside the ongoing needs of the Bank as an organisation.
Role Requirements
Minimum Criteria
* A genuine interest, understanding and experience of Reward and external market trends
* Strong analytical capability and the ability to interpret complex data sets, providing clear and meaningful insights through written papers and presentations.
* High proficiency in Excel, including advanced functions and data analysis tools.
* Problem‑solving mindset with the ability to make sound, evidence‑based recommendations and decisions.
Essential Criteria
* Excellent communication skills, with the ability to convey technical concepts in a clear and compelling way to varied audiences.
* 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.
Desirable Criteria
* Experience working in a Reward function or a background in a HR function.
* Oracle experience or experience with global HR platforms to manage employee records, job architecture, and pay cycles.
* Experience and proficiency in job evaluation methodologies.
* Experience using Data Visualization Tools: Experience with Power BI, Tableau, or similar software to present complex pay insights to stakeholders in a clear, actionable format.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
Salary for the role is as follows:
*
Leeds circa £46,320 - £52,000
In addition, 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.
* Private medical insurance and income protection.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
The Application Process
Important: Please ensure that you complete the 'work history' section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It's therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages.
This role closes on 2nd March.
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.