18 Jul, 2018
The Technology Division provides information and system technology services to all business areas in the Bank as part of Central Services, and is responsible for all aspects of the Bank's project and programme delivery. We exist to support the Bank in meeting its key objectives and strategic priorities. The Technology Division's structure is designed to reflect the delivery lifecycle for technology. New technologies and investments are planned and designed and then delivered, operated and maintained in a way that ensures information and data is kept safely and securely. The Division also enables and delivers significant business change initiatives that impact all areas of the Bank. 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. A new 'Payments' Domain will be created within the existing Delivery organisation with the strategic responsible for technical development and steady state operations of the new RT renewal capabilities for Core settlement and technical integration. The job described below is in a strategic leadership role within the management team of the newly formed 'Payments' Domain. Job Description The Engineering Lead is a senior technical leader who will have a prominent role in the programme, working directly to the Domain Lead as well as having management responsibility for a small team of senior engineers and software engineers. They will engage with key areas of the Bank to understand key business priorities, operational and technological drivers and be able to challenge existing ways of thinking to encourage innovation and efficiency. They will be accountable for a range of activities, including: Achieving transformational change across the Domain by embedding new methods of development and building a brand new skill base for engineering of payment systems and solutions. Establishing, defining and maintaining the highest standards for development of software applications and products including the design of the delivery methods required to achieve those standards. Hands on planning, development and management of the renewed capabilities and products for the Bank's Core settlement engine and related systems and solutions. Design and implement next generation system architecture and automation solutions achieving seamless integration across components for Payment/Settlement solutions. Create and manage a new breed of engineering resources that will form the core team for the build of Payments systems and/or Integration platform capabilities. Providing Technical Leadership for software development projects with key accountabilities of creating and maintaining a plan for product and service development. Responsible for the creation and delivery of a forward looking plan consisting of the product roadmap informed by the business and architecture roadmap. Managing strategic relationships with our chosen suppliers and ensuring their delivered products meet the highest standard set by the Bank. Accountable for effective governance and quality of all Vendor deployed solutions against the Bank-defined standards including the application of the delivery methods required to achieve those standards. Monitoring the Domain budget, with the aim of maximising the amount of time allocated by internal staff to change activity and ensuring all vendor time is allocated to change activity. As part of wider remit of the role, the Engineering Lead will be responsible for collaborating with Architecture, Infrastructure, Security and Service functions to ensure that relevant processes and standards are followed in order to deliver great solutions and services to the Bank and its patrons. Role Requirements Essential Criteria Highly effective technical leadership and team building capabilities. Experience of delivering large scale complex engineering projects for mission critical applications and environments with the ability to lead teams through major transformational change. Proponent for innovation, best practices, sound design principles, strong software development habits, and efficient team/project structures. Hands-on deep engineering expertise and demonstrable evidence of in-depth functional and technical knowledge in: Technical Algorithms, Test automation, programming language proficiency such as Java. Database: Oracle Database and MS SQL Server. Experience with working in different parts of the software stack (integration/messaging layer, Payment gateway, APIs, UI, Core settlement engine etc). Experience with Product development, agile/scrum methodologies, Devops practices and frameworks and tools like Jira, Git/SVN/TFS Jenkins, Maven etc. Websphere / MQ or general JMS/web services experience. Experience/knowledge working on highly scalable applications and complex datasets. Experience with building highly available, mission critical architecture, distributed systems architecture and micro services architecture. Demonstrable knowledge of Continuous Integration/Test Driven Development and Code Analysis including relevant tools and its application within the software development lifecycle. Capable of articulating complex designs, code and applications for large scale projects into modular deliverable chunks. Strong stakeholder management skills. Excellent written and spoken communication skills. Passionate about technology and people development. Inspiring, motivating and positive attitude who does not hesitate taking up any challenge. Desirable Criteria Experience of managing vendor relationships in a leadership capacity. Broad experience with financial, accounting or payments systems, products and services supporting the payment services in the financial industry. Background / practical experience in payment services security, access and authentication. Demonstrable analytical and algorithmic thinking, with an interest in innovations within the global payments industry. Knowledge of NoSQL databases. Bachelor's degree in Computer Science, Software or Electronic Engineering or other related discipline. 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. As well as a competitive salary, 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. The current cost to the Bank of providing this pension is 35% of your salary. A discretionary performance award based on a current award pool and target award of 10%, with a maximum potential award of 25% 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 anonymise applications so hiring managers will not be able to see your personal information such as name and address when reviewing your submission, including your CV. Please fully complete the application form questions as requested because incomplete submissions may not be reviewed. 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. The closing date for applications is 1 August 2018. Please apply online, ensuring that you answer the application questions and submit your CV.
Bank of England