Description Department Overview This role is a newly created Head of Division Policy to lead the Bank’s Fintech Hub. The Fintech Hub is the Bank’s centre of expertise on fintech, guiding our explorations on how innovation and technology might support or challenge our mission. We collaborate widely across the Bank and pride ourselves on offering an inclusive, challenging and fun place to work. Job description Leading the Bank’s Fintech Hub is a high-profile role. Working with the three Senior leaders in the Fintech Hub, and the Fintech Director, you will help set and execute the Bank’s strategy on Fintech and lead the way on policy thinking in this exciting area. The role would suit a person who can bring strategic thinking, collaboration, analytical skill, ease communicating complex concepts in straightforward ways, a close interest in technology, enthusiasm to lead experiments, and comfort working with a broad range of Fintech, technology and innovation topics. The core purpose of the Fintech Hub is to lead our strategic analysis of the implications of fintech for the Bank across all our responsibilities and functions and to determine the correct policy response. You will own our fintech strategy, manage the Hub and represent the work of the Bank with external stakeholders. You will shape our work on Fintech risk assessment, horizon scanning and policy, with a particular focus on the micro and macro prudential implications of artificial intelligence. You will also lead the way on analysing the role that public digital infrastructure could play in supporting resilience, innovation and growth in the UK economy. You will be responsible for experimentation, including carving the path for delivering DLT research and experimentation as part of the Bank’s DLT Lab which is located within the Fintech Hub, and through your strategic leadership of our partnership with the BIS Innovation Hub London Centre. To do so, you will be expected to think strategically, coordinate work across the organisation, set priorities and manage resources, encourage collaboration, and ensure the coherence and quality of our fintech outputs. You will also be expected to represent the Bank and our work on fintech with senior stakeholders, both inside and outside the organisation, and to role-model the Bank of England’s behaviours. Leading the Fintech Hub involves: Leading across the Bank to understand the impact of fintech developments on monetary stability, financial stability, the safety and soundness of firms, and the PRA’s competition objective. Ensuring the strategic coherence and impact of our work on the macro and micro prudential implications of artificial intelligence. Devising the Bank’s strategy on fintech and shaping the Bank’s approach to experimentation, including our collaboration with the BIS Innovation Hub London Centre. Collaborating with colleagues across the Bank to coordinate our work on fintech, ensuring the coherence and quality of our outputs, and ensuring that work is appropriately prioritised and resourced (including through budget processes). Engaging with, and understand, emerging technologies and business models with a focus on Artificial Intelligence and DLT. Supporting senior stakeholders, including Governors, through briefings, speeches, and advice. Developing the Bank’s approach to structured engagement with the fintech sector and delivering our communications strategy, with opportunities to represent the Bank externally and to experiment with impactful and innovative ways to communicate with a range of external stakeholders. Fostering strong relationships with the BIS Innovation Hub and other international stakeholders. Leading a team of fintech specialists, supporting them in their personal development, as well as with effective prioritisation. This role will also provide the opportunity to engage with new and innovative ways of working across the Bank. The Fintech Hub utilises a Hub and Spoke model so you will need to collaborate with every area of the Bank. This is a leadership role. You will be responsible for strategic oversight of the Fintech hub. 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 area's aims. 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. The jobholder will need to be agile to respond to many competing demands and be excellent and prioritising the time and areas of focus of their own work and that of the team. Number of direct reports: 4 Role Requirements Minimum Criteria Expertise in fintech developments and an ability to synthesise which are most important for the Bank’s mission. Knowledge of, and experience in one or more of the following: artificial intelligence, distributed ledger technology, financial market infrastructure, capital markets and / or wholesale payments and settlement. Capability to lead and execute technology experiments and manage complex projects. Ability to lead and motivate a team to working across a broad brief, and to deliver effectively through others. The ability to think strategically, manage projects and programmes of work and encourage collaboration. Comfort analysing the implications of fintech and the possible responses across a broad range of fields Flexibility to handle a range of demands, ability to prioritise and experience of delivering through others Excellent communication skills, both written and oral, and an ability to engage with senior stakeholders A collaborative working style, including experience of being able to influence and get the best out of colleagues across the organisation. Desirable Criteria Commercial and / or practical experience of Fintech developments Experience of using innovative ways to communicate messages externally and internally Our Approach to Inclusion The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff run networks. We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working. This role is therefore open to job shares, flexible and part time working patterns. As part of our commitment to expand our presence across the UK, this role is able to be based in either London or our Leeds office. Should you wish to work from one of our hubs (Cardiff/Newcastle/Glasgow/Belfast) then a formal request will need to be made. Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. We expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team. We are also committed to making adjustments for candidates and employees where possible and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident Scheme, and if you would like to apply under the scheme please email TalentAcquisitionbankofengland.co.uk How to apply 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. This role closes on 7th April and the assessment process will comprise of two stages. We expect to be able to inform those candidates who are advancing to first interview stage by the 14th April 2025. Salary and Benefits Information The position offers a competitive salary. 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 1/80thh 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 .