Lead Policy Analyst in Market Intelligence and Analysis Division

at  Bank of England

DEPARTMENT OVERVIEW

The Markets Directorate promotes monetary and financial stability by leading the Bank’s market operations, and by using our presence, expertise and influence in financial markets to inform and shape the Bank’s policy decisions and priorities.
The Market Intelligence & Analysis Division is a centre of excellence in understanding financial markets. Using our outstanding proximity to markets, we bring insights from analysis, market intelligence (MI) and research together to influence policy. Two of the teams in MIAD are currently hiring:

The Market Intelligence Delivery Team (MIDT) leads and structures our MI functions. Thus we support the Bank’s mission by providing clarity and understanding of market developments by:

• Monitoring markets: provide real time, effective market monitoring on important financial market developments to the senior Markets management, and the wider Bank, including Governor briefings, policy committees, for policy design and operations;
• Analysing markets: deliver considered insights, drawing on markets understanding, combining MI with insights from economic data, models and theory;

• Supporting MI teams and MI gatherers: agree prioritisations; provide training for staff, so they are prepared to talk to contacts, while mitigating the inherent risks;Working with MI contacts: ensure MI contacts are diverse, including through the Meeting Varied People (MVP) initiative, and reflect financial markets globally.

The Market Structure & Analysis Team (MSAT) combines market intelligence and analysis to inform and influence policy decisions on market structure and financial stability issues and use of the Bank’s balance sheet. We promote the Bank’s mission by:

• Financial stability: providing advice to FPC on a wide range of financial stability issues touching on wholesale financial markets
• Market structure analysis: providing inputs to FPC and international workstreams on market-based finance and structural reforms, as well as on topics from ESG to productive finance;
• Catalysing reforms: working with market participants to catalyse market structure reforms – including on the transition from LIBOR to better risk-free rates; with the industry-led Financial Markets Standards Board; and evaluating the merits of greater use of central clearing in core FICC markets;

• Horizon scanning: scanning the horizon for medium-term structural trends and risks;Financial stability tool design: inputting to the design of the Bank’s policy toolkit with a focus on financial stability, – as well as working internationally to build support for constructive policy.

JOB DESCRIPTION

We are recruiting for scale F lead policy analysts. The successful candidate will be matched with the relevant MIAD team based on the experience and taking into account their preferred area.

Key activities for this role include:

• Engaging with a broad range of senior external contacts to collect intelligence on market structure and financial stability issues.
• Contributing to analytical work (sometimes as part of the FMA Pool) to deliver analysis on financial markets to senior policy makers, including both MPC and FPC.
• Briefing senior decision makers on the key monetary policy or financial stability issues in financial markets.
• Leading on analytical thinking on financial market issues, including contributing to Bank policy.

• Engaging with colleagues across the Bank to ensure MI activities are making an impact and supporting financial markets analysis in policy making processes.Partnering with other authorities and internationally to ensure the success of our work.

Key activities for this role include:

• Engaging with a broad range of senior external contacts to collect intelligence on market structure and financial stability issues.
• Contributing to analytical work (sometimes as part of the FMA Pool) to deliver analysis on financial markets to senior policy makers, including both MPC and FPC.
• Briefing senior decision makers on the key monetary policy or financial stability issues in financial markets.
• Leading on analytical thinking on financial market issues, including contributing to Bank policy.
• Engaging with colleagues across the Bank to ensure MI activities are making an impact and supporting financial markets analysis in policy making processes.Partnering with other authorities and internationally to ensure the success of our work

This role offers a salary of circa £52,730 - £60,840 . In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• A 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