We are looking for an outstanding individual with a strong background in successful delivery to assume a pivotal role in the extensive programme of work underway at the Bank of England to deliver the next generation of the Bank’s Real-Time Gross Settlement (RTGS) system.
The Transition Lead is responsible for the successful delivery of the Programme’s four transition states bringing together technology and business change, within and outside the Bank. This is a mission-critical role which includes responsibility for the Programme’s internal and external engagement strategy and working at a senior level with major financial institutions.
Operating at a senior level and reporting to the Programme Director, you will possess deep transformation and delivery experience, combined with knowledge and gravitas to engage and influence senior internal and external stakeholders across the UK’s payments industry.
Background information on the Programme
The world of payments is changing rapidly. New innovative technologies are being developed to meet the changing needs but these can give rise to new threats to users of the payments system, and to the stability of that system as a whole. This means that we need ever stronger protections and more resilient infrastructure.
The Real-Time Gross Settlement System (RTGS) lies at the heart of UK payments. In total, RTGS settles around £600bn of payments each day which is close to the UK’s annual GDP every 3 days. The RTGS infrastructure is over 20 years old and, despite its excellent operational record, it needs to be modernised and developed to meet today’s needs. Balancing the safeguarding of stability whilst enabling innovation.
The RTGS Renewal Programme has been established to develop the next generation of the Bank of England’s Real-Time Gross Settlement (RTGS) system. The way payments are made has changed dramatically in recent years, reflecting changes in the needs of households and companies, changes in technology, and an evolving regulatory landscape. The range of payment providers is growing rapidly. Given the implications of these changes for the Bank’s mission and for users, businesses and regulators, it is important that the Bank consider how RTGS will need to evolve to meet and shape payments trends in the coming decades.
You will be responsible for the development and management of all aspects of transition and cutover for this complex programme and the delivery of internal business change and external industry readiness. To achieve this, you will need to understand the wider objectives of the Programme in order to demonstrate credibility in your field and be able to influence others at a senior level. You will develop and maintain effective working relationships with the Programme’s Technical Director, other leads on the programme, the wider programme and portfolio teams, the Technical Delivery Partner and other third-party service providers.
This will include responsibility for:
The role includes direct line management for 4 senior managers and their teams. The role will also encompass membership of the Banking, Payments & Innovation Directorate’s Leadership team, helping to shape the Directorate’s overall strategy and culture.
As the Transition Lead you will also ensure:
How to apply:
If you wish to apply for this position, you must submit the following documents:
All monitoring data will be treated in the strictest confidence and will not affect your application in any way; you may select ‘Prefer not to say’ if you do not wish to answer any questions.
Please submit your application by noon Monday 14th September.