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Senior Supervisor, UK Deposit Takers (UKDT) Supervision

Scale F UK Deposit Takers (UKDT) Senior Supervisors

Ever wondered what it’s like to work at the heart of the financial system, delivering financial stability for the UK? If you have the right skills and experience and are motivated to work with us we’d love to hear from you.

We work for the public good by supervising the activities of over 600 UK banks and building societies, ranging from global institutions to start-up ‘challenger’ banks. Our mission is the safety and soundness of the UK's banks.

What might I work on?

Our work is high profile. It is directly linked to the fall-out from the financial crisis. You might focus on anything from the newest banks trying to shake up the status quo – to some of the largest and most sophisticated banks in the UK. This could include supervising Barclays, NatWest, Lloyds, HSBC, Virgin Money, TSB, CoOp, Bank of Ireland, Starling and Monzo and some specialist banks..

Work in banking supervision is varied which means there’s always something exciting going on. You will use your analytical skills and financial understanding to deliver analytical assessments and understand the risks posed by the banks we supervise. You will share your findings internally, and work closely with the most senior leaders of UK financial firms to ensure our supervisory strategy is being implemented. All this means you’ll get plenty of opportunities to develop your technical and interpersonal skills through exposure to engaging and complex issues.

Are you who we’re looking for?

If you’re motivated to work for us, we would love to work with you! We want inquisitive people who enjoy working with people and share our values of diverse ideas and open debate. We are looking for people with strong analytical and financial analysis skills, and sound judgement. You need an ability to influence internal and external stakeholders and represent the PRA credibly and professionally in meetings.

Applications are screened largely on the basis of responses to the application questions so please ensure you spend sufficient time constructing, drafting and reviewing these.

Minimum Criteria

• Pro-active, strong analytical skills, ability to communicate with credibility in front of internal and external stakeholders
• Effective relationship management, including an ability to influence senior colleagues

• Able to work independently as part of a team, coach more junior colleagues and to challenge constructively by bringing a diverse set of views and perspectives.
• Existing financial services experience or a demonstrable motivation to learn about Financial Services
• Ability to draw reasonable conclusions from a range of financial information and recommend appropriate remedial action
• Commercial awareness and an understanding of the impact of external factors and industry trends.
• Excellent organisational skills to proactively prioritise and manage workload.
• Excellent interpersonal skills to be able to build and maintain relationships with colleagues and external stakeholders.
• Ability to produce clear, concise and structured written communication tailored for different audiences

We welcome applications from individuals who have experience, or transferable skills, from a previous role, where you can demonstrate the ability to use analytical skills to apply judgement or influence a stakeholder.

Desirable Criteria

One or more of the following would be particularly welcome:

• Existing financial services experience at a PRA regulated Firm or public sector organisation
• Relevant professional qualifications (e.g. CFA, FRM, ACCA etc.)
• Existing academic or work experience in a regulation or policy making
• Data analytics skills (e.g. Tableau, R, Excel etc.)

You should not be put off applying if you do not meet/ have all of these criteria.

Additional details

We’re open to flexible and part-time working patterns, and job shares.

We believe in diversity. We define diversity as both who we are (identity diversity, such as gender or ethnicity) and how we think (cognitive diversity). We are actively seeking the benefits of having a range of backgrounds and characteristics in our teams. Diverse teams are more inclined to consider novel ideas and challenge each other, enabling them to infer cause and effect and to solve problems better and thereby help us to better achieve our mission. Diversity does not mean ticking boxes, it means ensuring we are best able to fulfil our mission of promoting the good of the people of the UK by maintaining financial stability.

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. You can find more information on what this means here. 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

This specific role offers a base salary of circa £48,000 - £60,840 per annum (depending on skills and experience) on a full-time basis. 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.

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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
• 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 at Privacy and the Bank of England | Bank of England.

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 closing date for applications is 14 April 2023.

The assessment process will comprise of two stages including a case study

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.