Location: Leeds Resolution Directorate The Resolution Directorate (RD) is a highly dynamic area of over 100 people from a diverse range of personal and professional backgrounds including policy, supervision, economics, accounting, law, consulting, and central government. Our team reflects the broad range of issues we face: from setting resolvability policy, to assessing how firms are implementing it, to executing actual resolutions - just like we did with Silicon Valley Bank UK in 2023. Working in RD is exciting. You will face rapidly changing situations, learn from a wide range of colleagues, and influence domestic and international stakeholders. You will be expected to lead from the front in thinking creatively, be that exercising judgement on technical issues or supporting colleagues deliver on their objectives. We promise to support you professionally and pastorally. We will invest in your career, provide training, and help you set time aside for personal development. We also recognise work is not the be all and end all: flexibility is important to us. On rare occasions we may need to work out of business hours, but our mantra is to protect our own and each other's resilience and wellbeing. Our roles are open to job shares, and flexible and part-time working patterns. Resolvability Assessment Division The Resolvability Assessment Division focuses on resolvability planning and execution of the UK's largest domestic and international banks (from HSBC to ClearBank, and everything in between). We work with firms to ensure they have the capabilities necessary to be resolved, and are compliant with our Resolvability Assessment Framework (RAF), which is our approach to assessing resolvability. Our policies range from holding enough loss absorbing capital to maintaining operational continuity in resolution to having effective restructuring capabilities after a resolution has occurred. A critical part of the RAF for our banks is our regular assessment cycle. Firms submit an assessment of their own resolvability. For our major banks, they then make a public disclosure on their resolution preparations alongside the Bank publishing its own assessment of their resolvability. As required, we also lead and participate in carrying out live contingency planning, as we did with Silicon Valley Bank UK in 2023. Over the next year, we will be assessing the resolvability of the mid-tier banks and building societies (Metro, Monzo, Starling, OSB, Leeds Building Society, Skipton Building Society, Yorkshire Building Society, Handelsbanken, Danske, Bank of Ireland, Allied Irish Banks and TSB). This is a critical priority and high-profile piece of work within RD, with significant cross-Bank and senior interest. The assessment will include a desktop review of firms' self-assessments, meeting with senior firm executives to understand their approach to resolvability, and, for the first time with these firms, conducting direct "spot tests" to understand how firms' capabilities work in practice. Role Description As one of analysts in the mid-tier team, your focus would be on our mid-tier retail firms. You will be in the firm-facing function of RD, engaging with these firms, holding them to account, identifying issues and presenting them internally and with key stakeholders. You may face off to CEOs, CFOs, and recovery and resolution teams. Key responsibilities of the role will include: Working with firms to monitor their resolvability, assessing progress and holding firms to account for their resolvability. Building relationships with internal (including PRA supervisors, technical specialists) and external stakeholders (firms) to understand their views and explain our positions. Undertaking contingency planning, where required. Drafting and inputting to key documents for senior Bank staff and Bank committees. Supporting other workstreams within the Resolvability Assessment Division or the wider RD as required. Role Requirements Minimum Criteria A basic familiarity with resolution and/or financial services regulation and/or experience of contingency planning/crisis management. Analytical skills that evidence the ability to digest complex information from several 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. Essential criteria Relevant financial services experience including resolution or supervision, or if not in a firm-facing area, an understanding of banks' businesses models, operations and risk and control environments; or accounting and finance Some knowledge of financial regulation especially capital and/or liquidity, the UK's resolution regime, FSCS/deposit insurance, or supervision. Agility to work on multiple projects, manage competing priorities and ability to work at pace if needed. Ability to build and maintain effective relationships with internal and external stakeholders, including the ability to manage conflicting views. Desirable Criteria Experience in a firm-facing role. Experience of the resolution regime, or experience in financial services regulation. An academic or professional qualification in any of the following areas will be an advantage: accounting/ finance; economics; or law. The ability to present information clearly and effectively across seniority levels and adapt your communication to the appropriate audience. 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. As part of our commitment to expand our presence across the UK, this role can be based in either London or our Leeds office. 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. We offer a salary as follows: Leeds circa £36,000 - £40,500 In addition, we also offer a comprehensive benefits package as detailed below: Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time. 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 Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis. 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. This role closes on Monday 28 April. The assessment process will comprise of at least one interview stage with a further round to follow if required. 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. LI-MR1