Product Owner - London, United Kingdom - Bank of England

Bank of England

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Product Owner

-

(

008796

)

Primary Location UK-ENG-London

Job Banking Operations

Organisation PAYMENTS STRATEGIC PRIORITIES

Job Posting 20-Apr-2023, 6:43:29 AM

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 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.

Work for an organisation steeped in history with a front row seat for the digitalisation of the financial sector, and the rise of rise of fintech and regtech.

A core organisational strength, with our people at our centre, Technology enable the Bank of England to deliver its mission by providing a hugely diverse set of technical solutions and platforms.

From supporting critical systems which underpin the UK economy, to evolving data analytics, reinventing our online presence, and introducing a fully digital workplace.

Be part of a team that's constantly evolving, just like our industry.

We take pride in our people, with backgrounds and experiences as diverse as the solutions they provide.

You'll enjoy flexible working opportunities, a strong sense of community and well-being, and a collective mission to promote the good of the people of the UK.

All of which add up to make the Bank a hugely rewarding place to work.

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.

The Bank also wants to use the latest technology to help to reduce risks and increase innovation and competition in payments, and in the financial sector more broadly.

The implications of these changes for the Bank's mission and for users, businesses and regulators mean it is important that the Bank considers how RTGS will need to evolve to meet and shape payments trends in the coming decades.

The payments policy and product development group leads on driving state of the art improvements to the Bank's payments infrastructure and ensuring that the Bank stays at the forefront of innovation in payments.

We lead on developing the design and policy for innovative functionality for the renewed RTGS service.

The role offers a mix of work across the policy and product ownership.

Team members typically have several lead specialisms but will have plenty of opportunity to develop expertise outside their own defined roles, providing excellent development opportunities.

Due to the broad range of topics the team engages with, work tends to be fast paced and varied.

You would contribute to critical workstreams under our future product roadmap for RTGS beyond 2024. Your key responsibility in the first 12 months will be contributing to developing a high-level product design for priority features (e.g. those that would provide resilient channels to connect to RTGS) that can be taken to the business case stage.

As an analyst within the policy and product development team, you will be responsible for a wide range of tasks, which could include one or several of the following:

Product development

Ensuring the functionality of the renewed RTGS service meets the needs of users, including running interactive workshops with both internal and external stakeholders to understand requirements.
With the help of the lead product owner, assess whether the technical deliverables meets the vision and requirements set for the products and user needs and help the developing to identify how the features of the new services being developed should be adjusted.
Work with the stakeholders to ensure that the new systems and features are properly defined and documented

Policy development