Head of Transformation Delivery Division

Leeds, England, United Kingdom

11/29/2024

This is an exciting opportunity to be at the heart of one of the Bank's new strategic initiatives, delivering a once-in-a-generation change to the way the Bank conducts monetary policy. It is a new role that will co-ordinate and oversee the Monetary Policy Transformation (MPT) programme, and lead management of the myriad of internal and external stakeholders the programme has. The division will also design and make recommendations around the staffing model used by and wider culture of the areas directly involved in supporting monetary policy. This role is to lead a new division that is being established for the duration of the Bank's Monetary Policy Transformation (MPT) programme.

As a senior leader in the area of the Bank supporting monetary policy, you will have the opportunity to oversee transformational initiatives that define, and support, an approach to monetary policy making that is fit for the future. The Bank is creating a new role to help respond fully to the recommendations of the Bernanke Review into forecasting for monetary policy making and communication, and so help the Bank to:

(i) Modernise and develop "close to the frontier" competencies in terms of the Bank's processes, expertise, modelling and data infrastructure.

(ii) Build effective mechanisms for continuous improvement, to help maintain our capabilities close to the frontier of monetary policymaking internationally.

(iii) Leverage those capabilities, to deliver more transparent communications and support monetary policymaking in a wide range of circumstances, including heightened uncertainty, large shocks and structural change.

This is a unique opportunity to provide strategic leadership to a high-performing division as it helps deliver these objectives, collaborating with key stakeholders, including members of the Monetary Policy Committee (MPC) and the Bank's senior leadership, for the duration of the Bank's MPT programme.

You will be accountable for ensuring that your division thrives as a centre of excellence, and contributes fully to this exciting agenda. You will empower your managers, sharing information effectively, coaching them and acting as a sounding board, providing sense-checks and offering guidance and backing where needed. You will work with them and with your fellow Heads of Division to build a culture that is open to change, gets the best out of difference and is welcoming to all.

This role is to lead a new division of circa 30 people which coordinates and oversees management of the Monetary Policy Transformation programme. You will be responsible for developing the structure of the division and its staffing to best pursue the division's objectives.

Detailed description

The job involves:

• Establishing a new division, bringing in the right skills and leading the division to co-ordinate and oversee management of the Monetary Policy Transformation (MPT) Programme.
• Provide effective management to the incredibly complex web of stakeholders that MPT will have, covering functional stakeholders and a wide array of stakeholders in policy areas as well as numerous external stakeholders. Managing the external stakeholders in this role is especially important given the potential to leverage external perspectives for the success of the programme.
• Overseeing design and making recommendations around the staffing model used by MPT and wider culture of the areas directly involved in supporting monetary policy.
• Working with existing DEI resource with DGMP and Bank wide to ensure any changes are fair and equitable to all staff at the Bank.
• Ensuring there are effective ways that Bankwide strategic initiatives are embodied within the MPT and so MPT provides the strategic vehicle for embedding those initiatives across the areas supporting monetary policy.
• Contributing to the broader running of the MPT area as part of its leadership team, implementing central initiatives, setting local policy and work priorities. This includes playing a central role in implementing the area's strategy for diversity and inclusion leading in a manner which is human, humble and in step with the changing world, fostering a kind, inclusive and open environment for discussion across the Directorate.
• Effective problem solving, covering a range of issues in the areas of change management, technology, projects, finance, procurement, recruitment and risk management continuity to gain the best results possible for MPT.
• Applying functional knowledge of how various bank processes work (including, projects, finance, procurement, people and culture, technology and risk management) within the context of Monetary Policy Transformation Programme
• Co-ordinating change delivery across a broad range of functions in MPT.

Minimum (essential) criteria:

• Strong change management skills with experience of managing significant change management operational experience and the ability to initiate, drive and deliver change in a way that leads to sustained beneficial outcomes.
• The ability to provide strategic leadership to deliver a programme of work effectively through others and challenge where appropriate.
• The desire and ability to develop effective relationships with a diverse range of stakeholders, across all levels of seniority.
• The ability to develop, build and manage diverse and inclusive teams, including through providing excellent feedback and investing in others.
• An ability to communicate clearly and convincingly by distilling complex issues into their essentials (both in writing and verbally).
• A demonstrated commitment to diversity and inclusion.

Desirable criteria:

• Comfortable in the understanding of the work of the business areas connected to MPT and advising the senior staff across them, engaging them on terms that they can relate to
• A knowledge of how the various Bank processes work - i.e. including projects, finance, procurement, people and culture, technology, and risk management, applying this functional knowledge within the context of Monetary Policy Transformation Programme; or a demonstrable ability to get to grips with such processes.

Our Approach to Inclusion

The Bank values diversity and inclusion - we want to reflect the society we serve; we want the best people to work for us and we want our workplace to be inclusive. We are an equal opportunities employer and welcome applications from all qualified persons.

This role is open to job shares, flexible and part-time working patterns. There are a number of senior roles in the areas supporting monetary policy that are filled by job shares or individuals working flexibly and we have a good track record of making these working arrangements a success.

For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.

How to apply

Please note that this role is not part of the pooled recruitment campaign process for the roles within the Bank's Monetary Policy Transformation programme and is being recruited for separately. If you are interested in one of the campaign roles, please submit a separate application.

Through this campaign, we may also consider creating additional roles in the future, particularly where these roles are essential for securing specific technical skills critical to the success of the transformation programme or to address any vacancies in MA and ID that may arise through this process. We encourage all interested candidates to express their interest through this process.

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.

A full description of the selection process, as part of a wider information pack, will be shared with candidates who progress to first interview.

We expect to be able to inform those candidates who are advancing to first interview stage by the end of January 2025.

Salary and Benefits Information
The position offers a competitive salary.
In addition, we also offer a comprehensive benefits package as detailed below:

• 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 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days' annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.
  
  

National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.