Head of RTGS Renewal Programme Management Office

Bank of England ,
London, Greater London
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Overview

Job Description

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. Banking, Payments and Innovation Directorate supports the Bank's mission to maintain monetary and financial stability by using and sharing its expertise to: develop and operate resilient and efficient banking, payment and custody services; set and influence policy; and to promote innovation. We are at the heart of the Bank both in terms of our core role in Monetary and Financial Stability, and the wide range of internal stakeholders we collaborate with. BPI has a lead role in one and a significant role in four of the Bank's strategic priorities. The variety and immediacy of the work we do means we are one of the most outward facing and fast moving areas of the Bank, operating the UK's high value payments system (the Real Time Gross Settlement System and CHAPS), maintaining the Bank's readiness to provide Emergency Liquidity Assistance to banks and other financial institutions, and acting as the 'bank' within the Bank of England for government, UK CCPs and other central banks. Role Overview We are looking for a high-calibre individual with a strong background in successful delivery to assume a key role in an 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. Operating at a senior level and reporting to the Programme Director, you will be responsible for the management of the programme office and responsible for supporting the successful end-to-end delivery of the programme through the provision of appropriate governance and controls. You will also lead the development and delivery of key cross programme strategies such as resourcing, delivery controls, and assurance and ongoing proactive intervention to ensure cross programme delivery. You will lead and develop four managers and c20 programme office FTE and will work collaboratively with our Technology Delivery Partner to establish a joint PMO. You will need to operate successfully at a programme level, influencing resources from across the organisation and externally, and the effective management of senior stakeholder relationships across the Bank and industry partners impacted by the Programme. A proactive approach and strong organisational and stakeholder management skills are prerequisites. Department Overview 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. Job Description As the Head of the RTGS Renewal Programme Office you will have a pivotal role within the Programme working closely with the Programme Director and will deputise for the Director in their absence. You will have responsibility for supporting and monitoring end-to-end delivery of the Programme, through appropriate governance and controls. In addition, you will have responsibility for the delivery of key cross Programme strategies such as resourcing, delivery framework, and assurance and have lead responsibility for handling the governance, external/independent assurance and internal audit over the Programme. You will possess deep transformation and delivery experience, combined with knowledge and gravitas to engage and influence internal senior stakeholders including Heads of Division, Executive Directors, Governors, and Court. You may also be required to face off to external industry stakeholders and suppliers. You will be responsible for the development and manag

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