Job Description

LEEDS ONLY BASED ROLES. Please only apply if you are willing to work in Leeds.

Directorate Overview

The newly established Payments Innovation and Fintech Directorate (PIFD) sits at the heart of the Bank’s mission by ensuring innovation in money and payments can support UK monetary and financial stability.

We lead high profile projects shaping the future of UK payments, including next-generation infrastructure, wholesale payments innovation and the digital pound. We also coordinate the Bank’s wider innovation and technology policy, working across teams to influence areas of growing fintech importance.

PIFD brings together five specialist divisions:

• Payments Innovation Technology (PIT, where this role sits)
• Retail Payments & Digital Pound Product Design
• Policy & International Strategy
• Wholesale Payments
• Fintech Hub

Together, we aim to build a world-class UK payments ecosystem and shape policy, product design and innovation across the sector.

Division Overview

The Payments Innovation Technology (PIT) division delivers payments technology and delivery expertise along with experiments and designs products to support next-generation infrastructure, digital pound and wholesale payments objectives.

This role is for Business Analysts to join our Experiments team, working very closely with our Engineering team. These teams are responsible for managing and delivering experiments across the Directorate, including the continued development and future evolution of the Digital Pound Lab.

We are looking for candidates who can bridge the gap between technology and business worlds, to understand both, and to act as facilitators, translators, and drivers of change.

Day-to-day your responsibilities will include:

• Capturing and documenting business processes and requirements to establish a common understanding amongst both business and technical stakeholders.
• Working with engineers, architects, and other stakeholders to translate business goals into clear product requirements.
• Supporting prioritisation of the team’s backlog, based on value, risk, and technical constraints.
• Facilitating sprint ceremonies and requirements workshops to ensure clarity and alignment.
• Creating and maintaining documentation such as user journeys, acceptance criteria, data flows, and feature definitions.
• Ensuring effective communication across engineering, design, and business teams, keeping everyone aligned on status and direction.
• Mapping and optimising business processes, identifying pain points, and proposing improvements.

Role Requirements

Minimum criteria:

• Experience as a Business Analyst, Product Owner, or similar role within a technical or engineering-focused environment.
• Hands-on experience with Agile delivery practices and working closely with cross-functional teams.
• Competence in creating documentation such as process maps, workflows and user stories.

Essential criteria:

• Strong ability to break down complex problems into clear, structured requirements.
• Excellent communication skills – ability to explain technical concepts to non‑technical audiences (and vice versa).
• Ability to gather insights from data, user feedback, and research to inform prioritisation and product decisions.
• Comfort managing competing priorities and proposing trade-off decisions with stakeholders.

Desirable criteria:

• Experience working in an engineering-heavy or cloud / platform / infrastructure domain.
• Hands-on exposure to collaborative and workflow management tools like Jira, Confluence, GitHub, or similar.
• Understanding of APIs, data integration, or system architecture fundamentals.
• Relevant certifications or Agile-related qualifications.
• Experience or a strong interest in payments and/or digital currency technologies.

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.
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.

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.

The Application Process Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

The assessment process will comprise of two interview stages. (Amend and add brief details if relevant, such as interview/assessment dates or process for your specific role)

This role closes on Monday April 6th at 11.59pm

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.