Financial Benefits Analyst at Bank of England, London, Remote/Home, 6 Months, £Contract Rate

  • Contract Spy
  • Remote (London, UK)
  • Jul 03, 2024
6 Months or more Accounting Finance Insurance

Contract Description


Financial Benefits Analyst - Inside IR35

Contract Term: 6 Months & possible extension.

Contracting Authority: Bank of England

Location: Hybrid – 40% p/week at Threadneedle Street, London.


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. This is an important role within the Transforming Data Collection Programme reporting to the TDC Programme Business Case and Benefits Realisation Lead.


As a Financial Benefits Analyst your main responsibilities will be

  • Working with the business areas to identify the potential measurable non-financial & financial benefits and new operating costs that will arise as a result of the implementation of the deliverables of the RDC Programme & its projects / workstreams.
  • Providing robust financial management of benefits & dis-benefits in the TDC Programme Business Case.
  • Supporting the Business Case & Benefits Realisation Lead in the development of the updated Business Case for the next stages of the TDC Programme and other programmes / projects across the Data & Analytics Division.
  • Facilitating workshops & meetings to baseline current costs, forecast future benefits and review if those costs and benefits are realised.
  • Identifying Business Management information (MI) & Data that can be used to baseline and track benefits realisation.
  • Creating & maintaining key Benefits Management artefacts – inc: Benefits Maps, Benefits Calculation Models, Benefits & Operating Cost Profiles, Tracking Models & Realisation Plans.

Active, valid SC Clearance is an essential requirement for this role, as a minimum you must be eligible and willing to undergo these clearance checks.

You’ll have:

  • Demonstrable Business & Benefits Analysis experience within financial / banking industries.
  • Excellent financial & non-financial analysis skills.
  • MS Excel skills & ability.
  • Strong facilitation skills – supporting the business to define non-financial & financial assumptions.
  • Proven experience of working with & managing business stakeholders.
  • A relevant Accounting qualification or equivalent experience – displaying financial modelling, financial analysis & value-based management experience – desirable.

If this role sounds like something that you would be interested in, please click the link to apply or get in touch with



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.


Disability confident  

As a member of the disability confident scheme, 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.  


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.


If you qualify for the above, please notify us on 


We will be in touch to discuss your suitability and arrange your Guaranteed Interview. 

Should you require reasonable adjustments at any?point during the recruitment process or if there is a?more accessible way for us to communicate, please do?let me know. 


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.


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