Banking and Securities Operations Manager in RTGS OPERATIONS

Bank of England; Leeds; On-site; GBP 65,000 - 74,000; Full time

Benefits offered by this job

Pension

Performance award

Benefits allowance (8%)

Annual leave 26 days

Private medical insurance

Job summary

The Bank of England in Leeds is seeking a senior leader to oversee the RTGS operational team within the Payments Directorate. You will ensure safe and efficient operation, manage change, and drive continuous improvement while coordinating with Technology, Swift, and external stakeholders.

You will lead incident response for the live service, develop staff, and contribute to payments policy, with accountability for resilience, risk, and delivery against strategic priorities.

Qualifications

• Proven leadership and stakeholder management experience.
• Clear written and verbal communication skills.
• Operational expertise with change management experience.
• Decision making under pressure with strategic view.
• Strong understanding of operational resilience and risk management.
• Ability to develop talent and be an effective people leader.

Responsibilities

• Oversee RTGS operational team and ensure safe, efficient operation and change management of RTGS/CHAPS service and business continuity.
• Drive continuous improvement, process optimization and risk mitigation.
• Input into strategic decisions and payments policy in support of RTGS leadership.
• Lead incident response for live service and coordinate with communications for updates to stakeholders.
• Represent the Bank in policy and operational matters with internal/external partners.

Skills

Leadership

Stakeholder management

Communication

Operational resilience

Change management

People management

Budget management

Job description

Background

The Real-Time Gross Settlement (RTGS) service – operated by Payments Directorate – is the backbone which underpins all financial transactions in the UK and is essential for the functioning of the economy and the implementation of monetary policy and financial stability. It holds accounts for banks, building societies, financial market infrastructures, non-bank payment service providers and provides sterling settlement services for Bacs, CHAPS, ISIS (cheque clearing), CREST, Faster Payments (FPS), LINK, Mastercard, Visa and PEXA.

Job Description

Background

The Real-Time Gross Settlement (RTGS) service – operated by Payments Directorate – is the backbone which underpins all financial transactions in the UK and is essential for the functioning of the economy and the implementation of monetary policy and financial stability. It holds accounts for banks, building societies, financial market infrastructures, non-bank payment service providers and provides sterling settlement services for Bacs, CHAPS, ISIS (cheque clearing), CREST, Faster Payments (FPS), LINK, Mastercard, Visa and PEXA.

Role And Responsibilities

The role holder will be responsible for the oversight and leadership of the RTGS operational team, to ensure the safe and efficient operation and change management of the RTGS/CHAPS service and business continuity in the event of operational or technical disruption to the services provided.

You will encourage an environment of continuous improvement and learning, ensuring process optimisation and risk mitigation.

You will have input to strategic decision making and shaping of payments policy in support of the Head of RTGS Operations and the rest of the Payments executive team.

• Responsible for a large team of operational specialists and business analysts working alongside Technology analysts within the RTGS Control Centre. You are responsible for high-level decision making and defining roles and responsibilities of the team. You will develop your direct reports through sharing information effectively, coaching and communicating a clear vision to ensure that staff are productive, engaged and motivated to deliver the directorate’s aims. This will include setting clear goals and smart, stretching objectives that are aligned to those of the overall strategy.
• You will lead any incident related to the live service, be responsible for invoking our local Bronze response and act as ‘Recovery manager’, and work closely with the communications team (‘Response manager’) to ensure timely and accurate updates to key stakeholders. You must be capable of responding to any incidents related to the live service in a calm and pragmatic manner.
• The role holder will develop effective working relationships with external and internal counterparts, representing the Bank on a range of policy and operational matters. This includes but is not limited to, Technology, Swift, EUI, Pay.UK and others as required. You will present regularly to the division’s senior leadership team to keep them updated on key operational matters that support the strategic priorities for Payment Operations. This engagement responsibility extends to external representation at operational working committees.
• You are a subject matter expert for the team, with particular focus in certain topics to provide challenge and support on behalf of the wider division. You will use this expertise to work with other managers and senior managers within Payments Directorate to set policy and strategy. You will embed a culture of continuous improvement within the RTGS operational team, removing waste, ensuring ‘single source of truth’ and ‘one best way’ for processes.
• You are responsible for planning, documenting and executing testing of plausible scenarios that could cause disruption to the RTGS service, this links to operational resilience testing and contingency testing with participants.
• You will line manage and work with the Operational Resilience Manager to ensure that the full suite of contingency tests are executed with our internal and external stakeholders in accordance with audit and regulatory requirements. You will be responsible for ensuring that all associated documentation remains up to date, including the RTGS/CHAPS asset map.
• You will be responsible for business user acceptance testing (UAT), and will manage a group of people who perform this role for RTGS/CHAPS. This will require close coordination with the RTGS Change & Planning Office and Technology teams to ensure adequate resourcing and robust scheduling, high-quality test execution based on realistic scenarios, and strong issue resolution.
• You represent the Head of RTGS Operations in their absence at internal and external fora.

Minimum criteria

• Excellent leadership, stakeholder management and influencing skills.
• Clear written and verbal communication skills,
• Demonstrable operational expertise and change management experience,
• Decision making under pressure allied to an ability to see the bigger picture,
• Strong understanding of operational resilience and operational risk management.
• Ability to develop talent and be an effective people leader, building opportunities for your team to excel and develop their talents.

Essential Criteria

• Understanding of the wider UK and international payments landscape.
• Understanding of the practical application of Agile change management practices
• Experience of managing budgets
• Experience of wider bank operations/payment operations

Please note that this role includes a rota of weekday shifts (typically between early morning and RTGS close) and occasional weekend working.

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.

Number of direct reports: 1-2

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.

At the Bank of England, we want all colleagues to feel valued and respected, so we’re working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.

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.

From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

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.

Salary And Benefits Information

We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.

Based in Leeds this role offers a salary of £65,440 - £73,620.

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.

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 .

The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

About Us

We are the UK's central bank - and we are a bank like no other; known by our peers for our world‑leading thinking on policy and strategy.

Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.

It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long‑established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.

There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.

The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you’re successful we’ll use it to offer you a position and onboard you to join the Bank. If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice