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Head of Portfolio Planning and Assurance

4 months ago

London, United Kingdom Bank of England Full time
Head of Portfolio Planning and Assurance

Job Description
As the Head of Portfolio Planning and Assurance, you are accountable for the shaping and strategic management of the Bank's change portfolio with specific responsibility for the investment portfolio, including portfolio governance and assurance. You will drive the prioritisation of the change portfolio and be responsible for maintaining a portfolio view of all prioritised change.
You will be responsible for leading the prioritisation process, ensuring the change portfolio aligns to the agreed 3 to 5 year strategic narrative. You will be accountable for the optimum allocation of resources and financials across the change portfolio to ensure the successful short- and long-term delivery of the portfolio.
You will report directly into the Executive Director for Change and Planning and lead a team of specialist portfolio planning managers, portfolio risk and assurance managers, governance and reporting managers, and benefit managers. You will be accountable for ensuring that the team has the necessary capabilities and expertise to deliver.
The successful candidate will be a member of the Change and Planning senior leadership team and a member of the Bank's extended leadership team.
Key Responsibilities:

  • Working with Governors and Executive Directors in the Bank, you will lead the investment portfolio prioritisation process.
  • Building and owning the pipeline of future investment projects and change initiatives to meet the Bank's 3 to 5 year strategic narrative.
  • Leading the team that develops and implements portfolio management strategies aligned to the Bank's strategic narrative.
  • Creating and maintaining the integrated plan for the investment portfolio, providing insights and recommendations on investment priorities, risk mitigation, and ways to optimize the integrated delivery schedule. You will develop and maintain a multi-year investment delivery roadmap for the Bank.
  • Overseeing the team that establishes and maintains a robust portfolio governance framework providing information and insights that allow effective decision-making and engagement with senior stakeholders.
  • Building and maintaining insights across all Bank programmes to provide a clear picture of the portfolio's effectiveness.
  • Providing effective and proportionate portfolio programme and project assurance, ensuring assurance and approvals plans are in place for the Bank's programmes and projects.
  • Ensuring the performance of the investment portfolio is communicated effectively with relevant senior stakeholders at the relevant senior governing bodies.
Key relationships and dependencies:
  • You will build strong relationships with senior leaders e.g. business area Executive Directors and Heads to identify demand requirements and business area supply capacity.
  • Working closely with the Head of Change Delivery to inform on any deviations of project/programme delivery.
  • Working closely with the Head of Change Delivery to identify capability gaps required for delivering the in-flight project/programme.
  • Working closely with the Head of Change Enablement to deliver MI and reporting.
  • Working closely with the Executive Director of Change and Planning in promoting the function, through active engagement of key stakeholders and the wider Bank.
  • Represent the portfolio planning and assurance team at senior governing bodies.
  • You will be individually and collectively accountable for the performance of the Change and Planning directorate at the bank.
Minimum/Essential Criteria:
  • Experience of portfolio design/prioritisation, including the agreement of investment criteria and weightings, and pipeline management.
  • Industry leading expertise in portfolio management and organisation-wide benefit realization.
  • A combination of strategic thinking, analytical skills, leadership ability, and a deep understanding of portfolio management principles.
  • Ability to navigate complex organizational structures with competing demands.
  • Track record of driving improvements in portfolio management standards, methods & tools within an organization.
  • Excellent relationship management skills, with experience of building constructive relationships and influencing senior decision-makers across organizational boundaries.
  • Successful leadership experience, established over several years, for a high performing Portfolio Planning and Assurance function.
  • You are an effective communicator, able to create a compelling narrative and inspire people to follow you.
  • Strong interpersonal skills with the ability to establish positive working relationships and influence people at all levels within the organization.
  • Track record of building a wide network of relationships across organizational boundaries to support collaborative working.
  • Ability to prioritize and deliver a complex portfolio of work to time and budget, including delivery through multi-supplier program models.
Desirable Criteria:
Experience of providing governance and integrated assurance advice, risk potential assessments, and gateway reviews for a large and diverse portfolio of projects and programs.
Number of direct reports: 3-6
Our Approach to Inclusion:
The Bank values diversity and inclusion - we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion, and sexual orientation. One way we support diversity and inclusion is through our staff-run networks.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. We expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible and have partnered with external expert organizations to support us in this. We are a member of the Disability Confident Scheme, and people who wish to apply under this scheme should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.
We anonymize applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV.
IMPORTANT - Please firstly complete your profile in OBS. There is a pop-up reminder before applying to 'review skills and qualifications', so please do this first, then fully complete the application form questions as requested. Any incomplete submissions may not be reviewed.
Salary and Benefits Information:
We offer a competitive salary.
In addition, we also offer a comprehensive benefits package as detailed below:
  • A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits program each year.
  • 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 the 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 Application Process:
Important: Please ensure that you complete the 'work history' section and answer ALL the application questions fully. All candidate applications are anonymized 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.
This role closes on (TBC) the assessment process will comprise of two interview stages.
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.
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 help 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.
Join us and find a bank like no other. Together, we can make a difference.
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.#J-18808-Ljbffr