Job Description

On behalf of the Bank of England, we are looking for a Reward Analyst (Inside IR35) for a 9 month hybrid contract based from Leeds or London (2 days in the office and the remainder is working from home)



If the successful candidate for this role is based in Leeds there will be an expectation to visit the London office 1 day per month.



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.

As a Reward Analyst, your main responsibilities will be:

Conducting detailed analysis of reward data to support the development and implementation of reward strategies. Taking a key role in the annual salary review process, ensuring accuracy and compliance with internal policies and external regulations. Preparing and presenting reports on gender pay gap and equal pay audits. Conducting annual benchmarking exercises to inform reference points for various roles within the organization. Reviewing and maintaining reward policies to ensure they are up-to-date and aligned with industry standards. Evaluating job roles and providing recommendations on appropriate reward packages. Responding to reward-related queries from employees and providing expert advice.

Essential:

Experience of Reward and/or job evaluation Good written communication skills, being sensitive to audience and subject matter diversity Gender pay gap reporting Proficient excel skills SC Clearance is an essential requirement for this role, as a minimum you must be willing & eligible to undergo checks. Please note, due to the exceptional requirements of this position (short-term nature of this role and speed at which we require a postholder in situ) preference may be given to candidates who meet all of the essential criteria and hold active security clearance.

Desirable:

Experience in Oracle.

Please be aware that this role can only be worked within the UK and not Overseas.



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.



Disability Confident



As a member of the Disability Confident Scheme, the Bank of England guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.



Armed Forces Covenant



The Bank of England guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.



In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".