Location: London

Opportunity: Supported hiring – 12 month fixed term contract, with flexible working

Start date: June/July

Deadline: Apply by 13 April 2021

The Bank welcomes professionals who have taken an extended career break to apply for this fixed term contract. If successful, a returner who has taken a career break of 2+ years will receive coaching support through the transition period from Women Returners. The Bank is absolutely committed to having an inclusive environment. Improving the diversity and depth of experience of staff is something that the Bank is passionate about. All flexible working arrangements will be considered, and employees will be able to work from home until it is considered safe to work from the Bank’s offices.

The Bank has hired a large number of returners over the last few years. Read Melissa’s story here. Learn more about working at the Bank here.

About the Operational Risk & Resilience Division (ORRD)

The Bank of England is the UK’s central bank. Their mission is to deliver monetary and financial stability for the British people. It is a diverse organisation, and each of its over 4000 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.

The Operational Risk & Resilience Division (ORRD) sits within Specialist Risk Supervision (SRS) and leads the work on the resilience of the sector to a range of non-financial risks (e.g. cyber, technology failure). The purpose of this work is to ensure that critical economic functions are delivered to the levels that the Bank expects. This is exciting work in an area with significant focus globally among central banks, regulators and government agencies.

As a priority, they resolve the importance of firms and their exposure to threats, defining what good operational resilience looks like, developing assurance tools, and improving the UK’s resilience through working with national and international partners.

About the role

An opportunity has arisen for a Risk Specialist with a cyber-focus to join the ORRD on a 12 month fixed term contract. This is an outstanding chance to take a specialist role in a unique team.

The post holder will provide a balance between technical and non-technical cyber resilience expertise. They will play a key role in designing and operationalizing the supervisory cyber strategy including the CBEST testing framework. The risk specialist will also provide expertise to support wider engagement across the sector and with financial authorities and government institutions as required.

Key responsibilities include:

  • Guide the improvement of the cyber testing tools part of the PRA supervisory strategy (e.g. CBEST, CQUEST). Handle their development in line with the Bank’s objectives and approach to wider operational resilience.
  • Provide expertise and input into the development and implementation of the cyber resilience strategy and assessments tools, providing training and assistance as required.
  • Work to embed cyber resilience within the broader operational resilience approach and frameworks.
  • Stay informed on the evolving regulatory landscape and emerging operational resilience challenges facing UK financial sector, with a focus on cyber resilience.
  • Interface between development and delivery teams to ensure effective development, improvement, and delivery of cyber assessments.
  • Provide advice and support supervision teams their engagement with firms regarding their cyber resilience, leading discussions with senior management to provide challenge where required.
  • Present on the progress and efficiency of cyber resilience assessments, as required.
  • Maintain effective working relationships with the FCA, NCSC, CPNI and other organisations as relevant.
  • Draft papers for relevant governance groups on key cyber risk and resilience trends and changes.

Role Requirements

Minimum Criteria

  • Experience working as part of a project or working across teams/areas to achieve positive outcomes.
  • Excellent project management skills, both project planning and risk management with capability to keep control of complex projects.

Essential Criteria

  • Excellent analytical and problem solving skills, able to turn analysis into relevant output for the Bank
  • Excellent communication skills, both oral and written with the ability to draft briefings for senior partners
  • Be a highly motivated and independent thinker, capable to challenge confidently in new environments

Desirable Criteria

  • Experience of delivering reviews in operational/cyber resilience and cyber/information security
  • Relevant professional qualifications and certifications e.g. CISA, CISM, CRISC, CISSP, CSX, Lead auditor ISO 27001, Lead auditor ISO 22301
  • Understanding and knowledge of relevant cyber security standards, best practice, and guidelines (e.g. ISO27001, ISO22301, NIST) and regulation (e.g. PRA rulebook, EBA guidelines, NIS directive, CPMI-IOSCO, etc.)

Reward Package 

As a unique institution, we have a reward package which sets us apart from other organisations. It includes a competitive salary, but also a much wider offering, including a defined benefit pension and comprehensive flexible benefits. We also offer a working environment which fully supports individuals through flexible working, wellbeing initiatives including an on-site medical and dental unit.

The salary range for this vacancy is approximately £45,900 – £59,400, dependent on relevant skills and experience. In addition, the total reward 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 discretionary performance award based on a current award pool
  • 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

About the Bank of England

As a place of work, the Bank feels different from most other organisations. The atmosphere is relaxed but professional, research-driven and also very much connected to real events in the economy. While organisations in the private sector are focused primarily on profits, the ultimate objectives for the Bank are always the quality of thinking and the rigour of analysis. This makes for an unusually satisfying place to develop your career. Whichever area of the Bank you join, you will almost certainly be working on high-profile and high-impact projects. The issues they deal with on a daily basis are often in the news headlines, and have implications for everyone in the country. For many of their people, this sense of contributing to the public good is one of the most rewarding aspects of working there.

The environment is extraordinary too: a historic building located in the heart of the City, which combines rich tradition with up-to-date technology and facilities. Just as importantly, they have a strong culture of support that exists within each of their teams and across the organisation as a whole.

To Apply

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

Please apply asap. The closing date for applications is 13 April 2021.


  • For the ‘Source name‘ question it is essential you select ‘Women Returners’ so the Bank can identify you as a returner and know you are applying on a supported hiring basis.  
  • Due to the anonymised application process followed by the Bank (detailed below) it is essential to include your career break with dates in your work history, in the area of online free form text. 

The Bank anonymises applications so hiring managers will not be able to see your personal information, your original CV or any 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 Bank continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Their focus on inclusion is intended to build greater diversity in order to reflect the society they serve and be an employer of choice.