Senior Manager, Supervision in LBG TEAM

at  Bank of England

The UK Deposit Takers (UKDT) Directorate of the Bank of England’s Prudential Regulation Authority is central to maintaining UK financial stability and interacts with areas across the entirety of the Bank. It is an especially exciting time to work in UKDT as we help firms navigate a fast-paced external environment, a changing regulatory landscape in the UK and significant issues facing the industry, including climate change and the development of fintech based business models.

JOB DESCRIPTION

We are looking for a Senior Manager (Scale D) on a team supervising a major banking group within the Domestic Systemically Important Banks (DSIBs) Division in UKDT. This is a leadership and people management role. It represents an excellent opportunity for an experienced manager. This is a full-time role, but we are open to different types of working arrangements including part time and job shares.
This role reports to the Team Lead and the role holder will form part of the leadership team for the Supervision Team and for the D-SIBs Division.
The successful applicant will be responsible for developing and executing the strategy in relation to business model and credit risk, operational risk and resilience, governance and remuneration, and wider coverage of risk management and internal audit within the firm. They will also contribute actively to the overall management and strategy of the team and to managing issues across the team as a whole.
With two direct reports and a sub-team of six, you will be responsible for day-to-day management of defined portfolios within your 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 Supervisory Strategy. 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. Working with the Team Lead and another Senior Manager, you will develop and execute the agreed Supervisory Strategy, facing off directly to senior stakeholders at the firm on the issues for which you are responsible.
You will also play an active role as part of the leadership team within the D-SIBs Division working closely with the HoD and other senior managers. The performance of the firms we supervise are a bellwether for the UK economy and we liaise regularly with other stakeholders across the Bank, providing intelligence on the impact of policy and identifying early indicators of trends and issues.

ALL SENIOR MANAGERS IN UKDT ARE RESPONSIBLE FOR:

Leading their supervision teams which may consist of a single or portfolio of firms, ensuring the effective delivery of forward-looking, risk-based, and judgment-led supervision;

• Agreeing the annual strategy for individual firms, in line with the Supervisory Risk Framework; and setting the overall work-plan;
• Providing line management of direct reports (Scale E managers) and leadership for a team of Scale E / F and G supervisors, including agreeing smart, stretching work and development objectives that are aligned to the work-plan of the team, Division, and Directorate;
• Maintaining strong and effective working relationships with the senior management of firms as well as with other key stakeholders including PRA colleagues, Bank colleagues and counterparts at FCA, and HM Treasury;
• Recruiting effectively, identifying talent, and developing the wider team through coaching and communicating a clear vision, so that the team is productive, engaged and motivated;
• Embracing and welcoming diversity of thought, promoting diverse representation with equal opportunities and demonstrating empathy and inclusion in behaviours;
• Playing a role in the management of the Division (supporting the HoD) and the Directorate (supporting the Directors), contributing to cross-firm work and implementation of PRA-wide policies, and priorities.

You should not be put off from applying if you do not meet or do not have all of these criteria – we would actively encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be helpful in this role.

• Previous experience of supervision or analysing financial institutions.
• Previous experience of technical aspects of regulation, in particular those relevant to the role portfolio

This role offers a salary of, Leeds ranging from £79,010 - £91,170 and London ranging from £87,750-£101,250. 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.