Location: Leeds based only Market Operations Technician (Reconciliation Technician) - Middle Office, Operational & Financial Control Would you like to play a key role in the operating of the Bank's financial controls? Here at the Bank of England, we have been at the centre of the UK economy for more than 300 years. We are a public body, and our work affects everybody. It's hard to capture all we do in one place but here's a good start. We print secure bank notes and oversee many of the UK's payment systems, ensuring people can pay for things easily and safely. We set interest rates to maintain price stability, and regulate high street banks, building societies and insurance firms to maintain confidence in the financial system. Alongside looking after the UK Economy now, we're also looking to the future. Be it shaping and delivering the future of payments or working to help the UK proactively manage the risks of climate change. Department Overview The Operational & Financial Control (OFC) team sits within the Bank's Middle Office. Middle Office is made up of four teams and is responsible for managing and controlling end-to-end business process and data flows in relation to all Markets & Banking operations. Core activities include: ensuring an effective operational and financial control framework (where this role sits); pricing and valuing on and off-balance sheet positions; and managing the Bank's collateral and counterparty related data. OFC play a critical role in operating many of the Bank's financial reconciliations & controls and provides assurance over the assets and liabilities resulting from the Bank's market and banking operations. The control environment requires the team to understand and engage with Markets & Banking's full end-to-end system architecture and operational processes, helping to develop robust knowledge of the Bank's operations. Job description An exciting opportunity has arisen in the Reconciliations team which currently consists of six people. Although your key responsibilities will be tailored around that, you will also engage more widely across the team and the division, leading and supporting a variety of control and operational excellence initiatives. You will engage with a number of stakeholder teams, work alongside front to back office teams across the Markets, Banking and Finance Directorates, and gain an in-depth understanding of how the Bank's trading, banking and settlement systems integrate into the core financial reporting systems. Assessment of controls and ongoing improvements are fundamental to the team's quality assurance ethos, and you will be involved in reviews of end-to-end process flows and will take a lead role in delivering change such as change initiatives. If you're an upbeat and hardworking individual eager to expand your skill set, this opportunity allows you to gain hands-on experience with financial operations, products and controls. Key responsibilities include but are not limited to: * Operational ownership and responsibility for the completion of daily & monthly reconciliations and control tasks covering Cash, Securities, and Collateral; ensuring all deliverables align with requirements outlined by the Financial Control Framework and highlighting any risks * Build and strengthen the team's operational knowledge by sharing information optimally and working collaboratively with the stakeholder teams contributing to building strong partnerships * Support the team's Analysts by contributing to tasks and initiatives which will provide greater exposure to the Bank's operations * Demonstrate a strong presence on both operational and non-operational elements of the team's work; getting involved in wider Middle Office change management and improvement initiatives * Engage, understand, and take a lead role in representing the team, defining reconciliations & controls requirements and testing associated M&B change initiatives Minimum Criteria * A good understanding of financial products and customer banking; together with an obvious interest in the Bank's operations * Ability to analyse complex operational issues and processes by engaging in a collaborative manner to deliver results in an understandable way to stakeholders and management * Proficient user of Excel (comfortable with lookups, basic macros, IF functions) and other Microsoft Office applications Essential Criteria * An interest in working in a control environment with great attention to detail and an appreciation for operational excellence and efficiency * A good teammate with an ability to influence and develop other team members and contribute to a positive team atmosphere * A proactive approach, good organisational skills, highly motivated and capable of working autonomously often to tight deadlines by prioritising effectively Desirable Criteria * Previous experience working in a control environment * Knowledge of data analytics and visualisation packages (e.g. Tableau/R) would be an advantage We welcome all applications, you are encouraged to apply even if you feel you don't meet ALL the minimum criteria. We will assess applications on a case by case basis. 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. This role offers a salary of: Leeds from £28,080 - £31,590 per annum. 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 Tuesday 22nd July 2025. 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.