Senior Policy Analyst

11 Sep 2020
11 Sep 2020
Clearance Level
DV, None / Undisclosed, SC
Job Type
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

In FMID we are responsible for supervision, policy and technical risk analysis on the infrastructure that sits at the core of the financial system - payment systems, central counterparties and central securities depositories. This infrastructure includes some of world's most systemically important firms. Current directorate priorities include safeguarding post-crisis reforms in derivative markets and responding to innovation in payments, including the entry of technology firms and emergence of new technologies including crypto-assets and stablecoins. For more information on the Directorate's work, see our most recent annual report available here

Department Overview
FMID is unusual within the Bank in that it brings together supervisors, policy analysts and risk specialists in one place. As a small directorate, this means there are plenty of opportunities for cross-cutting working and the opportunity to get an insight into how different areas work. FMID encourages cross-Directorate moves as part of a career within FMID.
Learning about financial market infrastructure can also set you up for your career within the wider Bank, as shown by the fact that a large number of senior people across the Bank have spent time in FMID. Working in FMID is a good way to understand the linkages at the heart of the financial system.
FMID is committed to ensuring diversity within the Directorate: diversity of skills, perspectives and background. Flexible working is encouraged. You can do this job as a job share.
Job description

Policy advisors work in a number of areas across FMID - the teams currently recruiting are the clearing and settlement policy team; the incoming FMI team and the CPMI secretariat. These teams work on a range of policy issues impacting all FMIs. This is a pooled recruitment - you will be asked your views on which team you have a preference for.

Minimum (Essential) Criteria

This role is a varied one requiring an individual with strong analytical and communication skills. Knowledge of FMIs or experience in a related area such as banking or other financial services is desirable but not essential.

  • Experience of carrying out analysis and delivering high quality output to tight deadlines, and of arriving at creative solutions to problems
  • Ability to work well across the organisation and to interact confidently with internal and external seniors
  • Ability to communicate clearly and succinctly, even where dealing with highly complex issues
  • Ability to take the initiative and work under your own direction
  • Strong organisational skills and attention to detail

We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice.

This specific role offers a salary of £45,900 - £52,000 (subject to experience and skillset).

The total package also includes:
• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked.
• A discretionary performance award based on a current award pool and target award of 10%, with a maximum potential award of 25%
• A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits
• 25 days annual leave with option to buy up to 13 additional days through flexible benefits
• Private medical insurance and income protection insurance

The closing date for applications is 1 October 2020.

Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

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