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  •    
    Bank of England hires 145 IT staff for Prudential Regulatory Authority

     

    To its new financial services watchdog the prudential Regulatory (PRA), the bank of England is to hire 145 IT staff to fill the roles. The PRA is a tasked with ensuring financial institutions that have the appropriate levels of liquidity to withstand a crisis. In Moorgate, it will have a total of 1,100 staff and it is due to be established by early 2013.

    Bank of England is to hire 145 IT staff to fill roles in its new financial services watchdog the prudential regulatory authority. The PRA is tasked with the ensuring financial institutions that have the appropriate levels of liquidity to withstand a crisis. Early this year in Moorgate, it will have a lot of 1,100 staff and it is planning to established.

    The Banks of England CIO Simon Moorhead said to the computer weekly that it is about scaling up the organization and growing capability. Moorhead also said that the recruitment will involve a broad range of roles, building on the bank’s existing teams in enterprise architecture, infrastructure and service management. The PRA will also share systems with the Bankm of England including the email and mobile device support.

    Moorhead is hoping that the Banks of England’s off-the-shelf service will be quite attractive to the PRA including the knowledge and information systems. The use of the business intelligence tools will also play a key role in the subsidiary. The analytics that support front line economist functions are driven by BI. The important for the PRA which is taking responsibility for regulating information in banks and insurance companies. The body will also see improved capability in third party IT management, they have a chunk of external relations and the PRA into the Bank of England is to make sure that they can support judgement-led supervision.

    They will focus on the provision of the information at the right time and delivering the right insight, moorhead said that the two organizations could mutually benefit from each other in-house IT-expertise. The skill is there that really raise the bar in IT operations in the bank which is already pretty high.

     

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    REFERENCE:

    http://www.computerweekly.com/news/2240162956/Bank-of-England-hires-145-IT-staff-for-Prudential-Regulatory-Authority