Senior Business Analyst - Banking

The Bank of England are seeking a high-calibre Business Analyst with strong experience delivering large-scale system and data migration programmes within financial institutions, who want to deliver high-impact digital change at the heart of the UK's financial system. Hybrid working in Leeds. £49,360-£55,530 plus 8% benefits allowance, 10-25% discretionary bonus and non-contributory pension. 21 Month FTC.

Role Overview:

Business Analysts enable the Bank to meet its objectives by working on technology change initiatives. As part of cross functional teams and working closely with our business colleagues, BAs elicit, analyse, validate and manage and create a shared understanding of requirements to enable successful implementation of our change initiatives.

You will be joining the Markets, Banking, Payments and Resolution (MBPR) Tower, which delivers change across the systems and services that support the Bank's markets, banking and payments operations. The tower focuses on modernising platforms, improving processes and ensuring critical services continue to operate securely and effectively within a highly regulated environment.

As a Business Analyst within the Bank, typical role responsibilities include:

• Requirements gathering and process engineering analysis to provide detailed analysis to ensure appropriate solutions are identified and designed to deliver the right business outcomes.
• Producing outputs at different levels (high level to functional specifications) to a high quality within the standards set by the BA management team
• Providing both functional and technical expertise to the Technology teams in producing detailed requirements documentation (e.g., detailed process maps, use case specifications, wireframes, logical data models), facilitating workshops with the business utilising a variety of business analysis methods.

About You

An experienced Business Analyst with a track record of delivering complex change within financial services or other regulated environments. You should be comfortable working across the full software development lifecycle and familiar with both Agile and Waterfall delivery approaches. You'll have experience gathering, analysing and documenting business and solution requirements using a range of BA techniques, such as wireframes, use cases and data models and be confident modelling processes using BPMN 2.0.You will ideally bring experience supporting large-scale technology change programmes, such as SAP or ERP transformation or platform modernisation initiatives. Exposure to data-focused change, including data migration, integration or MI and regulatory reporting would also be beneficial.

Essential Criteria

Experience working within financial institutions and delivering projects related to:

• Payments (including scheme changes, real-time payments, cross-border processing)
• Data-focused change, data quality improvement, and data migration
• System upgrades, integrations, and platform modernisation
• Regulatory and compliance-driven change (e.g., FCRM, AML, KYC, operational resilience)
• Reporting and MI/BI solutions (including regulatory reporting)
• Operating model change, process optimisation, and control enhancements
• Product delivery model methodology experience

Desirable Criteria

• Experience delivering SAP or ERP transformation within financial services or banking environments.
• Experience contributing to large-scale platform modernisation programmes, including migration from legacy systems to target-state architectures.

Benefits

In addition to the base salary of ££49,360 - £55,530, you can expect a planned, transparent progression with learning and development tailored to your role, and a culture encouraging inclusion and diversity, plus the following benefits:

• 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.
• An annual discretionary performance award based on a current award pool (10%-25%)
• An 8% 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.
• Dental cover
• Interest-free season ticket loan

The Bank takes pride in its people, with backgrounds and experiences as diverse as the solutions they provide. You'll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK. All of which add up to make the Bank a hugely rewarding place to work.

Job contact - Zee at Inspire People /