Senior Analyst, Resolvability Team - Resolution Directorate

at  Bank of England

The Bank of England’s Resolution Directorate (RD) is seeking applications for a Policy Analysts role. RD is responsible for carrying out the Bank’s function as the UK resolution authority to prepare for and, if needed, manage the failure of banks and/or other financial institutions. We are looking for highly motivated, proactive and analytically minded people to join us and support the delivery of our work. If this sounds like you, please read on for more detail!
RD is a highly dynamic area of around 100 people from a diverse range of personal and professional backgrounds. We welcome a variety of experiences including policy analysis, supervision, central banking, economics, professional services and accounting, law, banking, credit rating agencies, and finance ministries. Our team reflects the broad range of issues we confront. This makes it a stimulating, enjoyable and exciting place to work, and one where it is possible to learn rapidly from a wide range of colleagues and situations.
The Resolution Policy Division leads on policy issues across its three teams: MREL & Liquidity; Continuity & Restructuring; and Non-banks (CCPs and insurers). The Division’s primary role is to design, develop, influence and help implement improvements to the UK’s resolution regimes. Resolution issues are often new and exciting and demand a broad skillset - which we support our staff to develop. Identifying and agreeing solutions requires intellectual agility, the ability to see the points of view of others and influence them, and a willingness to hold firms and other stakeholders to account.
We are fully committed to having a diverse and inclusive working environment and we support our staff in structuring their working arrangements to balance their work-life needs. Roles are open to job shares, flexible (including working from home days) and part-time working patterns.
The RD supports our staff in seeking relevant professional qualifications (i.e. accountancy, CFA etc.) via the apprenticeship scheme supported by the Bank.

ROLE DESCRIPTION

We are recruiting for a Policy Analyst, at Scale F, in the MREL & Liquidity Team. Whilst the job holder will sit in the Liquidity sub-team, the Policy Analyst will have plenty of opportunities to work across the two sub-teams, including MREL related policy issues. The role will be tailored to the individual’s experience.
Scale F Policy Analysts are experienced professionals who are expected to take ownership for tasks and apply judgment in supporting projects.

Key responsibilities of the role will likely include:

• Analysing/researching policy issues and developing proposals to present to senior decision makers.
• Drafting and inputting to key documents for senior Bank staff, senior Bank committees and public communications.
• Coordinating contributions from others across the Bank.
• Building relationships with internal (eg. supervisors) and external stakeholders (e.g. HM Treasury, overseas authorities, firms) to understand their views and explain our positions.

• Support other workstreams within the Resolution Policy Division or the wider RD as required.Support your line manager, senior manager and others of the RD when they are representing the Bank on resolution policy issues in international fora (e.g. FSB) or engaging with overseas authorities.

ROLE REQUIREMENTS

(Please do not be put off from applying if you do not meet all the criteria in the below)

Minimum Criteria

• Relevant financial services experience including an understanding of banks’ businesses models, operations and risk and control environments; or accounting and finance.
• Knowledge of financial regulation especially capital and/or liquidity, UK’s resolution regime, FSCS/deposit insurance, or supervision.
• Experience of analysing/ researching policy issues, developing policy approaches and frameworks, or engaging with domestic or international policy makers.
• Strong analytical skills evidencing ability to digest complex information from a number of sources to develop robust conclusions.
• Ability to work as part of a team and to challenge constructively by bringing a diverse set of views and perspectives.

• Ability to make good judgements and decisions which can be explained concisely.Ability to present information clearly and effectively across seniority levels and adapt communication to the appropriate audience.

Essential Criteria

• Agility to work on multiple projects and ability to work at pace if needed.
• A demonstrable ability to think clearly and critically.
• Ability to build and maintain effective relationships with internal and external stakeholders, including the ability to manage conflicting views.

• Ability to manage competing priorities.At least two years’ relevant experience.

• Desirable Criteria
  An academic or professional qualification in any of the following areas will be an advantage: accounting/ finance; economics; or law.