The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.


Risk management in its broadest sense is at the core of the Bank’s mission and is central to everything we do. As well as the diverse policy risks managed by the Bank’s three policymaking committees, the Bank is also exposed to a wide array of financial and non-financial risks.


The Risk Directorate was created following the 2018 internal Risk Governance Review and houses the second line of defence risk and compliance functions charged with providing effective oversight of the Bank’s financial and non-financial risks and ensuring compliance with its policies. The Directorate brought together various second line functions – Bankwide Risk, Financial Risk & Resilience, and the Bank’s central Compliance Division, including Privacy. The Risk Directorate also includes Business Continuity Management.


Internal Audit forms the third line of Defence for the bank and is part of the Risk Directorate for administration purposes but operates independently

Department Overview
The Bank operates a three lines of defence model for the management of risk. Enterprise Risk and Resilience Division sits within the Risk Directorate (the second line of defence). Risk Directorate is led by the Executive Director, Risk who reports to the Governor with a dotted reporting line to the Chair of the Audit and Rrisk Committee. Risk Directorate comprises three divisions: Enterprise Risk and Resilience Division; Financial Risk and Resilience Division; and Compliance Division.
Enterprise Risk and Resilience Division is responsible for:
– Taking through approval by Court, the tolerances that the Bank uses to manage its risks;
– Making sure that non-financial risks, including cyber and other security risks, are managed and mitigated, by the first line of defence, within that tolerance (set by Court);
– The development and implementation of the Bank’s Risk Management Framework, risk management systems and tools;
– The development and implementation of the Bank’s Business Continuity Framework and Critical Incident Management Framework; and
– Acting as Secretariat to the Bank’s Executive Risk Committee.
The division, which has recently been restructured, comprises three teams:
– Operational Risk and Resilience Team, responsible for second line management of other operational risks and business continuity;
– Framework, Systems and Analytics Team, responsible for the development of the Bank’s risk framework and risk management tools, as well as some specialist risk areas; and
– Security Risk Team, responsible for second line oversight and challenge of a broad range of security risks, including cyber, physical security, fraud and financial crime.
Working in the division provides an excellent opportunity to develop an understanding of, and interact with, all areas of the Bank – including senior leaders. Risk Directorate is committed to ensuring diversity within the Directorate: including diversity of skills, perspectives and background. We operate a flexible working environment.

Job description
This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area’s aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

Reporting to the Head of Operational Risk and Resilience, the jobholder will lead the Bank’s Resilience and Continuity Programme. Key responsibilities will include:
• Overseeing the Bank’s Critical Incident Management Framework, ensuring it is fit for purpose, regularly exercised, assessed for its capability and maturity, and effective in enabling the Bank to cope with any crisis;
• Being one of a small group of staff equipped to support the running of the Bank’s Critical Incident Management Framework during a disruptive event;
• Overseeing the Bank’s Business Continuity Framework, ensuring it is fit for purpose, regularly reviewed, assessed for its capability and maturity, and effective in developing appropriate resilience in the Bank’s critical functions;
• Overseeing data collection on Resilience and Continuity, developing and successfully delivering the business continuity module within Archer [a ‘Governance, Risk Management and Compliance’ system in use at the Bank];
• Leading analysis to support papers / reports delivered to the Bank’s Resilience and Continuity Forum, COO Forum, Incident Review Forum, and Executive Risk Committee;
• Implement and embed resilience, continuity and incident management processes across the first line areas, for example through the use of tools such as the Business Continuity Lifecycle, or conducting assurance reviews of first line Resilience and Continuity outputs (such as Business Impact Analysis);
• Contributing to Bank-wide Post Incident Reviews (PIRs) following disruptive events, and setting out and supporting best practice for PIRs across the Bank more generally;
• Leading work the Bank’s Resilience and Continuity liaison with other central banks and Government departments externally, building good relationships and representing the Bank appropriately; and
• Acting as line manager for up to two Scale F and G analysts and supporting the Head of Operational Risk and Resilience in running the resilience part of the Operational Risk and Resilience Team.

Number of direct reports: Up to two

Role Requirements

You do not need to have prior knowledge of operational risk management. However, you will be able to explain how your experience is relevant to Risk Directorate and have a demonstrated ability to pick up and apply new areas of knowledge quickly. You must have the ability to influence the organisation, including at the senior levels, in order to make sure that the Bank’s risks are being robustly managed.

Minimum Essential Criteria

• Technical knowledge in resilience and business continuity: the job holder should have a significant depth and breadth of demonstrable experience in leading resilience and business continuity work.
• Regulatory or financial services experience: the job holder should have demonstrable experience of working in a first or second line resilience and business continuity-related role in a large and public-facing institution.
• Excellent stakeholder management skills: the job holder should have credibility and demonstrable experience of engagement with senior staff either within the Bank or elsewhere.
• Proven analytical skills: the job holder should have demonstrable experience of carrying out complex analysis and using this to persuade and influence.
• Line management skills: the job holder should have demonstrable experience of managing teams producing high quality analysis and reporting on non-financial risks.
• A keen interest in the Bank as an institution: the job holder should be able to take a broad and forward-looking view of the Bank’s varied responsibilities and objectives, and the risks it faces in delivery of them; and an enquiring mind with an ability to look beyond the immediate operational environment, to horizon scan for emerging risks, and identify risks the Bank should focus on managing.


This role offers a base salary of up to £65-74,000(subject to experience and skillset). The total package also includes:


•A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.

•A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.

•25 days annual leave with option to buy up to 13 additional days through flexible benefits.

•Private medical insurance and income protection insurance


We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice.



We anonymise applications so hiring managers will not be able to see your personal information, your original CV or covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

The closing date for applications is 22nd  June 2020

Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

Job Overview
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