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    • Senior Data Scientist in Agencies - Leeds, England, United Kingdom - Bank of England

    Bank of England
    Bank of England Leeds, England, United Kingdom

    3 weeks ago

    Description

    Job Description:

    The Monetary Analysis directorate provides expert advice and guidance to the Monetary Policy Committee so that it can decide and communicate the right policy strategy to meet its price stability objective.

    Agency Network

    Bank of England Agents and their teams operate from 12 agencies across the UK. Up to four agents are based at each agency and they are supported by small administrative teams.

    Agents have one-to-one confidential conversations with businesses and community organisations in their area. They hold local events so people can share views and experiences. They meet hundreds of contacts, from small businesses and community organisations to large global companies. They gather insight into all sectors of the economy. The agents find out what conditions are like for businesses and communities. Our agents make sure we have a well-rounded view of economic conditions and prospects across the UK. They help business people and our economists understand each other. They connect our policymakers (across the Monetary Policy Committee (MPC), the Financial Policy Committee (FPC) and the Prudential Regulation Committee (PRC) with what's happening on the ground. Our agents organise visits for our policymakers across the UK so they can hear the views of businesses and communities first-hand.

    Key Responsibilities:

    • Line management of an Analyst in Data Science and three Senior Research Assistants.
    • Work with the Technical Agent for Data Strategy to implement the Data Analytics/ AI and Technology strategy for the Agency Network.
    • Lead advanced research and experimentation in AI, including Machine Learning and Generative AI, and statistical modelling
    • Develop and implement complex data science solutions, ensuring they deliver measurable business improvements. This will include the development of AI solutions for the analysis of Agency intelligence working alongside Advanced Analytics.
    • Work collaboratively with Agents to implement new analytical tools, including scoping and leading projects.
    • Work collaboratively with the PAs and other support staff in the Network to implement improvements to the data management, technology and other systems and processes they use.
    • Provide technical leadership and mentorship to an Analyst Data Scientist and 3 Senior RA's.
    • Collaborate with business stakeholders in the Agency Network and Monetary Analysis more widely to define objectives, frame problems, and deliver improvements.
    • Drive innovation by identifying emerging trends in data science and assessing their applicability to the Agency Network
    • Ensure data science solutions align with governance, regulatory, and ethical standards, including working with the Analyst on the governance and application of the Enterprise Data Platform for Agency intelligence.
    • Provide leadership to the Analyst and Senior Research Assistants in operationalising innovations in data science.
    • The Senior Data Scientist will be part of a peer group in the Agency Network, allowing further integration into broader Agencies discussion and activities.
    • The Senior Data Scientist will be a member of the Data and Analytics Team and can get involved in a range of workstreams via membership of a Working Group.

    Role Requirements

    This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

    Our Approach to Inclusion

    The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

    We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.

    Salary and Benefits Information

    This role offers a salary of circa £73,760 - £92,160 .

    In addition, we also offer a comprehensive benefits package as detailed below:

    • Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
    • A discretionary performance award based on a current award pool.
    • An 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.
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