Product Engineer

Bank of England; Leeds; Hybrid; GBP 36,000 - 41,000; Full time

Job summary

A prominent financial institution is seeking a Product Engineer to join its PRA Product team in Leeds. This role offers flexible working options and is vital in developing technology solutions that underpin Banking Regulation. The ideal candidate should be proficient in SQL and have strong problem-solving skills. The salary range is approximately £36,400 to £40,950, along with a comprehensive benefits package.

Benefits

Non-contributory pension

Discretionary performance award

8% benefits allowance

26 days annual leave

Private medical insurance

Qualifications

• Must be able to understand and code independently in SQL.
• Strong problem-solving abilities.
• Experience with debugging scripts and writing stored procedures.

Responsibilities

• Build high quality Technology solutions.
• Play a key role in the entire life-cycle of projects.
• Perform unit-testing and manage integration.

Skills

SQL

Debugging

Development practices

Version control tools

Data modelling

ETL concepts

Agile ceremonies

Job description

We are looking for a Product Engineer to join our PRA Product team. This is a great opportunity to grow your skills and advance your career in a high-impact environment.

Flexible Working Options

This role is open to flexible working patterns, these may include:

• Job share & flexible options
• Flexible start and end time to each day
• Ability to adapt calendar as needed, this could be to fit in the school run, gym, or appointments
• A 50% in‑office attendance requirement can be spread across the month to accommodate diverse working patterns, such as the flexibility to purchase a weekly train ticket for certain weeks
• Working from abroad policy (subject to approval and policy within the team)

Opportunities in Leeds

We’re excited to be growing our presence in Leeds, a city we’ve been connected to for nearly 200 years! Our modern, accessible office in the City Centre offers a supportive, flexible working environment. The majority of roles, including this one, are now available in Leeds, giving you the chance to build a meaningful career outside of London while contributing to our mission from a dynamic and growing location. You’ll work collaboratively with London‑based colleagues in a hybrid model, with regular opportunities to travel into the London office to meet and connect together in person. Want to learn more? Discover what makes our Leeds office such a dynamic place to work by visiting our Leeds page for more details.

A day in the role

A typical day will include joining your colleagues on daily stand‑ups and other agile ceremonies, presenting solution reviews, backlog refinement exercises etc. The majority of your day will be spent using a DevOps approach to developing solutions defined in user stories (business requirements) according to standard SDLC processes. You may also be involved in wider Domain initiatives or helping with Bank‑wide strategic objectives, such as Outreach, Diversity and Inclusion through the Bank established Staff Networks. When in the office, you may want to lunch with colleagues or meet for a coffee with colleagues in your team or even wider across the Bank. You may join, or even take part in, colleague All Hands, Town Halls and other collaborative events. There are support and release responsibilities in a product engineer role where you will be involved with managing the release into production and be involved in incident management and resolution. The role is varied, exciting and critical in developing and supporting a critical Product that underpins Banking Regulation. The work you will be doing contributes to the stability of the UK economy.

Key responsibilities

• Build high quality Technology solutions to deliver value to stakeholders.
• Play a key role in the entire life‑cycle of the project from inception to support.
• Building and operating a continuous integration (CI) capability when required employing version control of source code and related artefacts
• Ensuring security and privacy requirements are an essential part of systems integration and build
• Unit‑testing, validation and sign‑off of integration to satisfy requirements, architectures and design
• Continually test your programs, correct errors to maximise quality
• Take ownership in reviewing work as well as participating in colleague reviews. Don't hesitate to apply if you don't meet all the essential criteria. We value diverse perspectives and believe that different backgrounds can contribute to our team's success.

How this role fits into the wider Bank

The role is part of the Prudential Regulation Authority (PRA) Deputy Governorship CIO Division within Technology. This division is central to the development, support, and maintenance of the Bank's Regulatory data systems. This division focuses on analysing, designing, and delivering business solutions that leverage data to provide insightful, real‑time, and predictive views of business operations.

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. 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.

Qualifications – Must be able to

• Must be able to understand and code independently in SQL and translate requirements into code.
• Strong problem‑solving abilities including debugging scripts and writing stored procedures.
• Demonstrates good development practises and experience with version control tools such as GIT.
• Understanding of data modelling (relational, object oriented, NoSQL, time‑based)
• Strong understanding of ETL concepts and operational databases, defining physical or virtual data warehouse structures required to support business intelligence or data analytics services.
• Experience of Agile ceremonies and activities. Including planning, retrospectives and estimation.

Essential Criteria

• Experience championing and utilising the processes that are used to deploy and test through environments, adhering to the governance required.
• Demonstrate an interest, and willingness to learn, in future technologies and methodologies.
• A team member who takes pride in the quality of work they deliver and their contribution to the team.
• Promotes and exhibits the Bank's values.
• Demonstrate excellent communication skills across all disciplines. Build relationships with stakeholders both in Technology and the business areas.
• Demonstrates forward planning, prioritisation and organisation of own work.
• Ability to analyse a variety of information and present ideas and solutions appropriate to the requirements and products.
• Makes time to coach by sharing experiences with others.
• Experience peer reviewing code and holding code produced to account against established standards.
• Evidence providing technical advice on own areas of expertise to colleagues and stakeholders.

Desirable Criteria

• Experience working with any of the following (C#, .Net, Python, SSIS, SSAS).
• Knowledge of Visualisation Tools (Tableau/Power BI).
• Experience working with Cloud‑Based data solutions including modern data warehouse, ETL and storage.
• Expertise in performance tuning queries.
• Experience in Test Driven Development.

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.

Salary and Benefits

We offer a salary as follows: Leeds circa £36,400 - £40,950.

Benefits

• 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