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Bank of England

Bank of England

Founded in 1694, the Bank of England is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.

What does the Bank of England do?

The Bank of England is a diverse organisation, made up of approximately 3600 people. The Bank acts as banker to the Government. We are still owned by the Government, but we set monetary policy independently.

Watch this video to learn more.

The Bank’s Strategic Plan: Vision 2020

We launched our new Strategic Plan, Vision 2020, on 15 May 2017. This three-year plan builds on the One Bank Strategic Plan we launched in 2014.

Our timeless mission is grounded in the Bank’s original 1694 charter: ‘promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.’ In March 2014, we set out an ambitious and wide-reaching One Bank strategy. This strategy underscored the importance of working together for our single, shared mission supported by four pillars: Diverse and Talented, Analytic Excellence, Outstanding Execution and Open and Accountable.  Under our One Bank Strategy, we ensured the successful integration of the Prudential Regulation Authority in to the Bank, implemented the recommendations in the Warsh Review, resulting in ‘Super Thursday’, created a new Research Hub and the launched the Bank Underground blog amongst many other achievements.

Now we are underpinning our pillars with two new platforms as part of Vision 2020: How We Communicate and How We Work.  Vision 2020 is about what further changes we need to implement in order to continue to deliver our mission.

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More about Bank of England

Bank of England

Our Values

Why work for us?  As a place to work, the Bank feels different from most other organisations.  The atmosphere is related but professional, research-driven and also very much connected to real events in the economy.  While organisations in the private sector are focused primarily on profits, the ultimate objectives for us are always the quality of our thinking and the rigour of our analysis.  This makes for an unusually satisfying place to develop your career.  Whichever area of the Bank you join, you will almost certainly be working on high-profile and high-impact projects.  The issues we deal with on a daily basis are often in the news headlines, and have implications for everyone in the country.  For many of our people, this sense of contributing to the public good is one of the most rewarding aspects of working here.  The environment we offer is extraordinary too.  Our historic building is located in the heart of the City, and combines rich tradition with up-to-date technology and facilities.  Just as importantly, we have a strong culture of support that exists within each of our teams and accross the organisation as a whole.   

Diversity and Inclusion

Inclusion

The Bank’s charitable, community, diversity and wellbeing initiatives were all brought under the umbrella of its dedicated Inclusion team in 2016. The Bank’s approach to inclusion is outlined in a speech 'Reflecting diversity, choosing Inclusion'.

As part of its approach, the Bank publishes its gender and Black and Minority Ethnic (BAME) targets in its annual report and is working on a range of initiatives to increase female and BAME representation in senior roles as well as across the Bank.  Governors are held personally accountable for delivery of strategies in their own areas of the Bank to achieve these targets.  The Bank is also signed up to and supports the Women in Finance Charter.

Diversity

We have ten employee networks that reflect the diversity of people working at the Bank.

We promote an inclusive working environment that encourages staff to contribute their unique perspective to the Bank’s work. 

We are proud to be a signatory of the Women in Finance Charter, promoting gender diversity in financial services.

We fully support and comply with the recommendations of the Women in Finance Charter (Gadhia Review), which was launched at the Bank in March 2016. This includes setting gender targets, linking variable pay of our Executive Directors to gender progression and assigning an Executive (Joanna Place, Chief Operating Officer) to be responsible for gender diversity at all levels.

Benefits at Bank of England

List of all the benefits that Bank of England are offering their employees. Benefits may vary depending on role, location and length of service.

  • On Site Gym
  • Pension Scheme
  • Childcare Vouchers
  • Dental Insurance
  • Holiday - Up to 25 days
  • Buy/Sell holiday 
  • Cycle2Work
  • Bonus Scheme
  • Life Assurance
  • Onsite Wellness Centre
  • Travel Insurance
  • Income Protection
  • Interest Free Annual Season Ticket Loan
  • Personal Accident Insurance
  • Partner Life Assurance
  • Critical Illness Insurance
  • Subsidised Restaurant and Cafés
  • Flexible Working
  • Private Medical Insurance
  • Give As You Earn (GAYE)
  • Permanent Health Insurance

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Open Middleware Developer, job opening in Bank of England

Middleware Developer

Software Developer · London (United Kingdom)

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...

Open Data Architect, job opening in Bank of England

Data Architect

Technical Architect · London (United Kingdom)

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...

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