Operational Risk Analyst in Payment Risk
Base pay range
Location: Leeds only
Overview
The Payments Risk team is our embedded first-line risk team, responsible for ensuring that the RTGS and CHAPS services are run in line with the Board-approved risk tolerance statements. We do this by implementing our risk management framework and risk policies, ultimately collating risks into a risk register, as well as embedding risk culture for how we develop and deliver our RTGS and CHAPS services.
Job description
1. Contribute to critical 3rd party assessment and assurance activities and lead on assessment and assurance for remaining tiers.
2. Contribute to 3rd party risk management by leading the collation and producing of reporting packs for seniors as required.
3. Work towards the ability to work individually to prioritise own workload.
4. Engage with stakeholders in all 3 lines of defence to promote a shared understanding of assurance activities and outcomes.
5. Help develop and embed risk 3rd party risk management framework, strategy, policies and procedures.
6. Help planning, executing and improving key external audit activities (ISAE3402 and ISO27001) owning and leading on at least one of these audits.
7. Support initiatives to enhance the effectiveness of the RTGS/CHAPS third-party risk management processes and controls.
Qualifications
Essential criteria - candidates with the following experience will have an added advantage
1. 1. Clear understanding of 3rd party and outsourcing risks and how they can be managed with minimum one year's experience in TPRM within a government department, a Financial Market Infrastructure, bank, insurance or technology company.
2. 2. An understanding of industry standard control frameworks and auditing standards (e.g. ISAE 3402, ISAE 3000, ISO27001, ISO27002, Cyber Essentials plus) and a track record of contributing to successful assurance analysis.
3. 3. Proven exceptional communication and presentation skills, with an ability to convey complex risk information in a clear, concise manner even when working with ambiguous situations.
4. 4. Proven strong organisational skills and attention to detail, with the ability to manage challenging timelines through effective prioritisation.
5. 5. Working towards an ability to independently influence stakeholders towards good risk management outcomes.
6. 6. An encouraging team player who is able to work semi-autonomously, challenge constructively and handle a range of parallel activities who understands the Bank's 'Bank behaviours' and culture.
Desirable criteria
1. 1. Third-party risk CPD credits.
2. 2. Proven experience of workflow tools (Jira, confluence etc).
Salary and Benefits
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 starting salary of:
Leeds from £36,000 - £40,500
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
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 two interview stages.
Close date: This role closes on Tuesday 30th September 2025.
Application reminder: 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.
Seniority level
* Associate
Employment type
* Full-time
Job function
* Other
Industries
* Banking
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