Description The Banknote Operations team consists of six key functions which support the Notes Directorate’s key objective of having the right notes at the right place and right time and facilitating the threat assessment in support of the Bank’s anti-counterfeiting strategy. New Note Receipt & Distribution. Returned Note Sampling & Destruction. Mutilated and Exchange Note claims. Counterfeit Analysis. Quality Assurance. Machine Testing Framework. There are currently approximately 30 staff working within the operation, handling and processing millions of banknotes each year. The objective of the Banknote Function Operative role is to examine and process genuine banknotes and counterfeits whilst ensuring that the prescribed operational controls are constantly applied. There is a specific focus on accuracy in order to support the safe, secure and efficient handling of the notes. Team members are encouraged to gain skills to enable them to multi-task across a number of the teams. This is an operational, on-site, role starting at 7.30am. Working from home and flexible hours can only be supported on rare occasions and in exceptional circumstances, but we would consider part-time working patterns. Roles are multi-faceted and responsibilities may include: Carrying out secure processes to receive, check, sort, and store incoming banknotes, ensuring accuracy in records. Carrying out secure processes to pick, prepare and dispatch banknote orders accurately and efficiently. Carrying out secure processes to examine, count, processing and ultimately destroy used and counterfeit Bank of England banknotes. Supporting site logistics, supplies, and waste management. Monitoring vault inventory levels, reporting discrepancies, and updating records in all systems. Undertaking physical movement of cages containing banknotes using electric pallet trucks (full training provided). Liaising with both internal and external stakeholders, including retailers, banks and law enforcement agencies. Dealing directly with queries from members of the public in connection with their counterfeit and note exchange submissions. Role Requirements Minimum Criteria An ability to manage own time within a plan and work flexibly with colleagues to achieve the team’s collective objectives. Able to follow set procedures and act in accordance with the requirements of a secure area. A willingness to take on new tasks, some of which will be practical (rather than desk-based), and to learn new skills. Excellent attention to detail and an ability to make consistent decisions around an agreed set of criteria. An ability to carry out moderately demanding manual handling tasks and able to lift at least 3kg. Able to operate a forklift/pedestrian electric mover under licence (full training is provided). Good numeracy skills and excellent attention to detail. Sound IT literacy (particularly Excel), with an ability and willingness to learn new systems. Essential Criteria Ability to build knowledge of banknote features and use this to detect and analyse counterfeit banknotes. Able to communicate professionally with internal and external contacts, including members of the public, by both phone and email. Adherence to H&S policies to ensure that all relevant guidelines are being followed, including maintaining a clean, safe, and organised workspace and checking machinery prior to use. Confident to respond to day-to-day problems by following defined procedures, referring issues when appropriate. Actively looking for improvements to make processes more effective and efficient. Desirable Criteria Ability to operate specialist equipment (training provided) and use scientific equipment to support technical reports. 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've partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. 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 The annual salary for this role is £29,160. Part time salary and benefits will be on a pro-rated basis as appropriate. 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 an in-person interview at our Loughton site immediately followed by a series of short aptitude tests. This role closes on 02 April 2026. 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.