Leeds
Full Time
Permanent
£63,800 - £73,620 per annum
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-plus 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.
Prudential Policy Directorate (PPD) are responsible for designing, negotiating internationally and implementing effective prudential regulation in order to remove or reduce systemic risks, promote the safety and soundness of PRA-regulated firms and ensure appropriate protection for insurance policyholders. PPD supports both the Prudential Regulation Committee and Financial Policy Committee in fulfilling their objectives.
Division Overview
The Strategy and Policy Approach Division (SPAD) is one of five divisions in PPD.
SPAD sets the overall strategy and approach for prudential policymaking, in line with our vision for strong, accountable, dynamic and accessible regulation. The division also supports the PRA on the identification, selection and delivery of policy priorities.
Responsibilities include ensuring a credible regulatory framework, re-designing the policymaking approach under that framework, ensuring policy is appropriately grounded in economic analysis, and horizon scanning for microprudential risks. The division also covers work on making progress on a clear and coherent UK PRA rulebook, as well as PPD’s broader international strategy and co-ordination.
In July 2023, the Government introduced the new UK Financial Services and Markets Act (FSMA 2023) to implement the outcomes of the Future Regulatory Framework (FRF) Review.
The Policy Vision & Approach (PV&A) team in SPAD leads on the PRA’s Policymaking Approach (internal and external). The team is also responsible for horizon scanning (for microprudential risks), and working to prioritise the policy pipeline. The PV&A team leads in the Bank on the publication of the cross-authority Regulatory Initiatives Forum (RIF) Grid.
Job description
We are advertising a Policy Adviser role in the Policy Vision & Approach team in the Strategy & Policy Approach Division (SPAD). The main focus of the role is to lead on the planning and delivery of the Regulatory Initiatives Forum Grid, and to oversee the team’s work on the internal policymaking pipeline.
This is a unique opportunity to lead on a key, external publication to inform stakeholders in the Financial Services sector on the UK authorities’ upcoming plans for policymaking. The role will also oversee PPD’s internal policy pipeline work, including working with key stakeholders across the PRA to ensure that the internal tool is as useful and accurate as possible. You will also gain an overview of PPD’s (and the wider Bank’s) policy areas in this role.
You can expect to
This is also a people management role, and you can expect to have line management responsibility for at least 1 direct report, as well as contributing to leadership of the PV&A team and the wider division.
The work is exciting and high impact, with opportunities to present to PRA senior management and to build and maintain relationships with counterparts at FCA and HMT. The role also offers the opportunity to engage with all policy areas covered by PPD as well as interacting with other parts of the PRA and the Bank.
Number of direct reports: at least 1
Role Requirements
Minimum Criteria
Essential Criteria
Desirable Criteria
You should not be put off from applying if you do not meet or do not have all of these criteria. We have extensive support and training for team members, particularly new joiners, to support development.
This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
This role offers a competitive salary. In addition, we also offer a comprehensive benefits package as detailed below
Leeds
Full Time
Permanent
£63,800 - £73,620 per annum