Location: Leeds 

We currently have a number of opportunities across our Product team - if this role isn't the right fit for you, we'd encourage you to explore what else is available:

• Product Manager - Payments 
• Policy Adviser - Product Team (Payments)
• Senior Product Owner - Payments
• Senior Product Owner - ISO

Directorate  

The Payments Directorate sits at the heart of the UKs financial system, playing a critical role in delivering the Banks mission. We design and operate the Real-Time Gross Settlement (RTGS) service and CHAPS, the UKs high-value payment system. RTGS ultimately lies at the heart of every electronic payment in the UK and settles over 800 billion on an average working day. 

The directorate leads on policy and innovation for our Payments services and helps shape the broader payments landscape, both domestically and internationally. Drawing on our expertise in innovation and delivery, we are now embarking on a programme to enhance the RTGS 2 platform, enabling the UK financial sector to innovate while ensuring safe and efficient settlement in central bank money. 

Our work connects us closely with many other areas of the Bank. As one of the most outward-facing and fast-paced directorates, we offer a dynamic and impactful environment to work in. 

Role Overview 

As a Product Owner, you will be part of the Payments Product Management Team, supporting the maintenance and continuous improvement of the RTGS Core Settlement Engine. 

In this role, you will: 

• Support senior Product Owners and Product Managers in representing user needs during design and delivery 

• Assist in managing the product backlog and ensuring user stories meet agreed standards 

• Contribute to product planning, refinement, and implementation activities 

• Develop your skills in stakeholder engagement, agile delivery, and product leadership 

Day-to-Day Responsibilities 

Planning & Prioritisation 

• Support product planning sessions, including quarterly planning, by preparing inputs and gathering data  

• Assist in drafting clear, concise user stories and acceptance criteria  

• Help maintain the product backlog, ensuring items are well-shaped and ready for development  

• Contribute to maintaining the product roadmap and Now / Next / Later view with guidance from senior POs  

• Participate actively in backlog refinement sessions 

User Engagement 

• Work with internal and external stakeholders to gather and refine requirements 

• Support senior POs/PMs in aligning functionality with business processes and user needs 

• Help produce training materials and support training delivery when changes are introduced  

• Assist in preparing presentations or updates for stakeholders, including senior audiences 

• Attend workshops, demonstrations, and engagement sessions 

Delivery & Documentation 

• Support the preparation of release notes, documentation, and communication materials 

• Help maintain up-to-date product documentation (designs, guides, support materials) 

• Assist with implementation planning and coordination during scheduled release support defect triage and resolution. 

• Support the triage of defects, gathering information and updating records as needed 

• Contribute to reviewing outputs from development teams to ensure they meet requirements 

Minimum Experience 

• Experience working as a Product Owner, Business Analysts or in a related change role. 

• Experience engaging with business and technical stakeholders to gather or clarify requirements 

• Demonstrable experience with cross functional business improvement initiatives. 

• Familiarity with agile principles and change management processes  

• Strong written and verbal communication skills, including the ability to translate technical concepts into clear, userfriendly language 

Essential Skills 

• Good analytical and problemsolving abilities with attention to detail 

• Willingness to take ownership of tasks and demonstrate leadership through behaviours, even without direct authority. 

• Ability to build strong working relationships and contribute positively to a crossfunctional team 

• A proactive attitude with a desire to learn product management practices and tools 

Desirable Criteria  

• Experience working in a product or change delivery environment within the public sector  

• Understanding of financial services or payments  

• Understanding of RTGS and its key functions.  

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year.  The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• 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 option to buy up to 12 additional days through flexible benefits. 
• Private medical insurance and income protection.

The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance.  As such, our ability to employ individuals who require sponsorship for immigration purposes is limited.  The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful.  Eligibility will therefore be considered on a case by case basis.