Operational Risk Analyst in MBR; P Compliance

Operational Risk Analyst in M (P) Compliance

Join to apply for the Operational Risk Analyst in M (P) Compliance role at Bank of England
.

The Bank of England’s mission is to deliver monetary and financial stability for the British people. To achieve this, the MBPR (Managing Bank Operations & Regulatory Platforms) carries out diverse operations, including:

• Managing the Bank’s sterling and foreign‑currency balance sheets;
• Managing national foreign‑currency reserves for HM Treasury;
• Gathering market intelligence and offering banking services to HM Government and other central banks;
• Operating Real‑Time Gross Settlement systems;
• Acting as the UK’s resolution authority.

This role also supports other Important Business Services performed across the Bank.

£41,200 – £46,350 per annum (depending on skills and experience), full‑time.

Reporting to the Money‑Laundering Reporting Officer (MLRO), the MBPR Compliance Team has two core functions:

• Supporting the MLRO as the Bank‑wide Fraud and Insider Risk Custodian – through forward‑looking assessment and oversight of fraud/insider risks and controls;
• Managing conduct risk across MBPR.

Reporting to the Compliance Manager, you will be integral to the creation and operation of a Bank‑wide Fraud and Insider Risk Working Group. You will act as secretariat for the working group, co‑ordinate the tracking of all working group actions, and will support the Compliance Manager and Senior Compliance Analyst in producing materials for the group’s consideration.

This includes working on:

• Assessment of fraud and insider risks across all the Bank’s Important Business Services and supporting functions;
• Thematic reviews of control effectiveness;
• Review of training and awareness, and promotion of the Bank’s security زبان culture;
• Dissemination of lessons learned from fraud and insider investigation cases;
• Collation of management information, including critical metrics, for the attention of senior management.

You will also support wider conduct risk management work (including fraud and insider risk management) across MBPR to foster a strong compliance culture. This will involve performing a programme of compliance monitoring and delivering conduct training.

• An awareness of the key concepts of effective risk management and governance;
• An understanding of concepts relating to the management of fraud and insider risk;
• Knowledge of wider aspects of financial crime – market abuse, bribery and corruption, data protection;
• Knowledge of the particular risk exposures and sensitivities of a central bank;
• Strong analytical skills, with the ability to analyse complex data and communicate key insights effectively;
• Good judgement and willingness to take ownership for resolving challenging situations;
• Excellent interpersonal skills and the ability to build relationships with stakeholders;
• Outstanding project and time‑management abilities.

• Knowledge of financial markets and products, specifically with respect to fixed‑income and foreign‑exchange trading;
• Experience in compliance, regulatory policy, audit or risk management;
• Proficiency in analytical tools such as R Studio, Tableau and MS Excel.

• First‑hand exposure to the Bank’s policy operations and mission;
• Regular interaction and close collaboration with Foreign Exchange and Sterling Markets trading desks;
• A broad network across MBPR and the wider Bank, and opportunities for involvement in wider operational risk and financial crime risk initiatives;
• A varied, intellectually كان stimulating environment with career development opportunities;
• Support to study for professional qualifications in financial crime, compliance or risk management.

We welcome applications from individuals who work flexibly, including job shares and part‑time working patterns. We’ve partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where needed.

For most roles where the work can be carried out at home, we aim for colleagues to spend half of their time
15 in the office,…