Description 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. Subject to your consent, we may also consider your application for future roles across the directorate for a period of six months from when the job advert closes and share your details with the hiring teams accordingly. Our Approach to Inclusion The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve. At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public. We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders. Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application. 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 salary of the following: London ranging £52,730 to £60,000. Leeds ranging from £47,430 to £54,720 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. National Security Vetting Process Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice. The Application Process Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process. The assessment process will comprise of two interview stages. (Amend and add brief details if relevant, such as interview/assessment dates or process for your specific role) This role closes on 14th Oct 2024. Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.