We are looking for a high-calibre Project Manager with a strong background in project delivery to assume a key role in an extensive programme of work underway at the Bank of England.
The Project Manager is responsible for the end-to-end delivery of projects through the complete lifecycle. The role includes the motivation and development of the team that may be a combination of direct reports or staff working into the project on a matrix basis from other parts of the organisation.
Some roles will have a significant IT component and therefore a key aspect of those roles is to manage resources from internal technology teams given that most technology resources, from design through to build, delivery and operations are in-house.
The role also includes the matrix management of business resources including subject matter experts and the effective management of stakeholder relationships across the Bank’s business divisions impacted by the project.
The Project Manager will be assigned to deliver a change initiative and will need to understand the wider objectives of their project, demonstrate credibility in that field and be able to influence others.
They must be able to develop and maintain effective working relationships with senior managers, the programme office, the wider project and portfolio teams, and third parties.
The Project Manager has the authority and is responsible for the delivery of the project on a day-to-day basis including :
Driving to align all functions, groups and factions of the organisation inside and outside of technology to drive coordination and collaboration into projects
To ensure that all projects have the following core elements clearly defined and within the correct organisational systems :
Project Plan ensuring the correct use of the appropriate planning model within the correct tools to drive accurate work effort and timing by creating a Work Breakdown Structure (WBS) of all projects down to level 3 to define resource and effort demand regardless of project type, waterfall, Agile or Hybrid
Resource management ensuring the hours and forecast for all project work accurately and critical resources outlined to be able to forecast :
Demand for the overall program
Accurate demand rolling wave no less than 6 months hence
All resource is loaded into demand tool (Daptiv)
Critical resources are identified, requested and managed to the correct level of visibility to ensure engagement
Risk management :
Proactive risk management is performed of the project to determine the project type & risk profile to the Bank
Appropriate project framework is used to plan the project
Risks are determined from risk register
Proactive Risk analysis is performed to understand new project risks
Regular risk reviews are run during the course of the program
Benefits management the true impact of the project and change is mapped and the stakeholder coalition is built and coached to fully champion, deliver and deploy within our customers and BAU teams the impact and benefit of the project
Project change impact is fully defined and the appropriate change management tasks and deliverables are performed and used
Forecast / planned V actual costs to align with yearly budgets
Forecast views of the project lifetime costs over multiple years
Monthly burn charts
To drive organisational alignment with the projects and following the agreed programme of change to support
Help develop and promote news ways of project, program and portfolio managing projects within the bank
Development of the technical and business justification together with the associated documentation to gain funding approval
Securing the appropriate resources for the project and project team mobilisation and then directing and motivating the project team
Establishing appropriate governance arrangements including the Project Board
Detailed planning incorporating all external dependencies
Management of the project delivery using a rigorous methodology (including the definition and execution of test plans, change configuration and service introduction )
Proactively monitoring the project’s overall progress, resolving issues and initiating corrective action as appropriate
Managing all aspects of RAID (risks, issues, dependencies and assumptions) including the development of contingency plans
Managing the project’s reporting obligations within the delivery governance framework
Coordinating with other delivery teams to ensure work assigned to them is completed in accordance with the project’s requirements
Engaging with third party service providers or vendors associated with the project. Closely manage their delivery against well-defined cost, time and quality parameters.
Conducting post project reviews and close down activities.
Delivery Performance :
Supporting the community by improving the competency and professionalism of the function, enhancing collaboration and developing leadership skills
To deliver all projects and programs to tolerance and promote :
Excellence in planning (to within 10% on project close as project initiation)
Project delivery consistency (all projects to within 10% of classification)
Projects on time, cost and resource profile to within 10%
Right people on the right projects - retain and grow the right people, with the right knowledge and skills for the continuous improvement and maturity of the immediate and (where appropriate) broader team
Training and career development plan in place for my team
Fostering a close team spirit, communicating (two way) knowledge and experience, supporting aspirations and healthy competition in the wider P&P sphere
Understand the overlap in project work and ensure the resource and budget utilisation and understood and balanced to strategic agreement
Manage the project and portfolio scope playing a significant in terms of evaluating, prioritising and routing change requests for delivery, taking those requests through investment governance where they are not already within the scope of the portfolio.
The role has a broad responsibility to work across the Programme Office, Technology and Business divisions to ensure that the solutions delivered are capable of achieving the benefits defined in the original business case working within the project time, cost and quality constraints.
In addition to delivering their specific project assignment the jobholder will also contribute to the development of the Bank’s project management capability, by providing input into the continuing development of the Programme Office and the wider project and programme framework, using their practical experience of delivering projects.
They may also act as a mentor or coach to more junior team members.
Minimum Essential Criteria
A track record of successful project delivery throughout the entire project lifecycle, managing budgets in excess of £2m
Specialist in all aspects of project management including project planning, estimating, budgetary control and RAID management (Risks, Assumptions, Issues and Dependencies), business change management and embedding change within a organisation
Excellent stakeholder management skills, with the ability to negotiate, persuade and influence business decisions at senior management level and presents at Investment Board level.
Capable of innovative thinking and able to influence stakeholders within tghe business to adopt new approaches and ways of working
Strong organisation skills, with the ability to manage conflicting deadlines and priorities,
Able to use judgement and provide sound justification for decisions, tailoring approach to delivery based on experience
Able to work collaboratively across an organisation, building a network of contacts both internally and externally
Clear communication skills (verbal and written); able to represent the project at governance forums or Boards
Strong leadership, people management and team building capabilities, with experience of line or matrix management of teams
Business change management experience gained from successfully managing the organisational, cultural and stakeholder challenges of a transformation project.
Deliver the deliverables & achieve benefits case to specified scope and quality
Project executed to time, with agreed resources and within budget
Customer requirements must be understood, as these are the basis for the project to be delivered against
Experience of successful delivery of regulatory projects
A recognised project or programme management qualification e.g. Prince 2, MSP, APMP or PMP.
Experience of managing projects spanning multiple business areas within an organisation
Experience of delivering projects within the Financial Services sector
Experience of running agile and waterfall projects and understanding both methodologies can effectively work together on a programme
Ensure the organisation is ready, willing and able to accept the change
Ensure stakeholders and business expectations are met
Customers’ views and needs may change through the life of the project and must be respected
Matrix reporting with strong alignment to the Business Sponsor