This role sits in PRA Data Innovation (PRADI), which is part of the PRA COO Division within the Regulatory Operations Directorate. PRADI is an agile team at the forefront of delivering analytical excellence across the PRA. PRADI takes lead in supporting the development of a world-class RegTech and data strategy, both of which form part of the Banks priorities which were highlighted in the Governor’s Mansion House speech on the Future of Finance. PRADI is also taking a leading role implementing Artificial Intelligence and Machine Learning capabilities across the Bank, our achievements for this were awarded earlier this year at the 2019 Central Banking Awards, as we won the Tech Forward award hosted in Singapore.
Our team liaise with senior leaders internally and externally, we actively work with Central Banks, Major tech companies, industry leaders and represent the Bank in a range of meetings in the UK and abroad. PRADI manage a diverse pool of projects, we ensure to work collaboratively and deliver an outstanding execution by adopting a find, fix and explore approach to resolving the most complex data problems across the business.
Job description An exciting opportunity has arisen in PRA Data Innovation for a data scientist to join a growing team developing how the PRA apply advanced analytics, data science and artificial intelligence / machine learning techniques to improve a variety of internal business functions related to financial supervision and regulation.
You will provide input on a number of key PRA projects and can expect to have autonomy in implementing the best solutions to complex problems. You will be responsible for challenging the current status quo and with fellow colleagues will aim to enhance analytical capabilities across the PRA. Being part of a team of experienced technical/analytical practitioners, you will be covering regulatory, financial, exploratory and digital analysis. You will be expected to engage effectively with individuals at all levels of the PRA and will have early opportunities to represent the PRA in external engagements.
This is an agile role and management is supportive of flexible working and employee development. As an agile data team we trust colleagues to think creatively about how, when and where they work, to deliver high quality outputs. There is also the potential for you to enrol in related funded courses of interest such as Prince2, Lean Six Sigma or embark on an advanced data science related qualifications.
Responsibilities will include: •Consult/advise on data matters across departments in the PRA. •Articulate written recommendations and assist in report writing for internal papers on RegTech/SupTech. •Help identify, frame and deliver analytical projects using project and data management techniques. •Build analytical tools to generate efficiency throughout regulatory functions. •Explore and visualise a wide variety of data, to find and present ‘stories’ within the data in a meaningful way to a range of technical and non-technical audiences. •Document the techniques and data used in projects so the analysis can be replicated, either directly or for similar projects. •Keep abreast of the latest developments in the field of data science and share that knowledge with Bank colleagues. •Build and maintain strong collaborative relationships with key partners, subject matter experts and colleagues at all level levels. •Attend technical events outside the PRA with industry stakeholders and other central banks / regulators.
Role Requirements Minimum Criteria •Strong programming skills to include R and Python •Experience with sentiment analysis and topic models •Working experience of automating and improving processes through the application of data science •Knowledge of data governance principles, including security, privacy and risk control metrics •Competent in the understanding of Artificial Intelligence/Machine Learning.
Essential Criteria •Ability to work under pressure and deliver to tight deadlines, prioritising accordingly •Good communication skills with the ability to clearly explain complex concepts in simpler terms. •Strong team player with demonstrable evidence of performing within a team based environment
We anonymise applications so hiring managers will not be able to see your personal information, your original CV or covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.
The closing date for applications is the end of 15 July 2020.
As a unique institution, we have a reward package which sets us apart from other organisations. It includes a competitive salary, but also a much wider offering, including a defined benefit pension and comprehensive flexible benefits. We also offer a working environment which fully supports individuals through flexible working, wellbeing initiatives including an on-site medical and dental unit. The salary range for this vacancy is £45,900 - £48,000, dependent on relevant skills and experience.
Please review full job description on our website and apply online, ensuring that you answer the application questions, complete the work history and submit your CV.
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