Manager, Clearing and Settlement Policy Team

16 Sep 2020
16 Sep 2020
Clearance Level
DV, None / Undisclosed, SC
Job Type
Department Overview

The Clearing and Settlement Policy Team sits within the Bank's Financial Market Infrastructure Directorate (FMID). This directorate is responsible for supervision of and policy towards the infrastructure that sits at the core of the financial system. This infrastructure includes the UK's - and in some cases, the world's - most systemically important payment systems, central counterparties and central security depositories. People in FMID include policy analysts developing the regulatory framework that will impact the UK,risk specialists , and supervisors pushing positive changes that impact across entire markets.

FMID is unique within the Bank in that it brings together supervisors, policy experts, and risk specialists in one place. As a small Directorate, this means there are plenty of opportunities for cross-area working and the opportunity to get an insight into how different areas work. FMID welcomes cross-Directorate moves as part of a career within FMID and there are a number of people who have followed this route. 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, and it is a good way to understand the interlinkages right at the heart of the financial system.

FMID is committed to ensuring diversity within the Directorate: diversity of skills, perspectives and background.

Job Description

This is an exciting opportunity to become a Manager in clearing and settlement policy. The team is responsible for policy development in several areas central to the Bank's financial stability objective such as ensuring the resilience of central counterparties (CCPs) and settlement systems, and determining the scope of mandatory clearing. The team has and will continue to play a lead role in developing the Bank's approach to post-Brexit financial services regulation.
You will be expected to quickly take ownership of some of these high profile policy areas, and will have regular exposure to the Bank's senior management.
This is a management role as part of a close-knit team of around ten people, with management responsibility for 2-3 analysts, and will receive extensive support from across FMID and the wider Bank to develop and succeed in this high profile role.

Number of direct reports: 2-3

Role Requirements
You should have good analytical skills and judgement, and should be able to demonstrate an ability to consider complex issues and get to the point quickly. In particular, you should be able to consider issues at both a detailed level and from a wider systemic risk perspective.
Because the role involves dealing with senior stakeholders both inside and outside the Bank you should be able to demonstrate good relationship management and influencing skills.
Previous experience in a policy role or another similar role would be an advantage, but no previous detailed experience or knowledge of clearing and settlement policy is necessary, as training and support will be available.

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 £60,000 - £65,000 (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 23 October 2020.

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