Policy Analyst - Flexible Working Available
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.
Prudential Policy Directorate are responsible for designing, negotiating internationally and implementing effective prudential regulation in order to remove or reduce systemic risks, promote the safety and soundness of PRA-regulated firms and ensure appropriate protection for insurance policyholders. PPD supports both the Prudential Regulation Committee and Financial Policy Committee in fulfilling their objectives.
We are fully committed to having a diverse and inclusive working environment and we support our staff in structuring their working arrangements to balance their work-life needs. This role is open to job shares, flexible (including working from home days) and part-time working patterns. We also offer many opportunities for training and career development.
If successful, you would take up a role in the Insurance Policy Division. We work to maintain a strong and coherent prudential regime for UK insurers. We do this by shaping the international and domestic regulatory regimes and supporting their implementation. The division also contributes to cross-Bank work, including the future UK policy framework, climate change, and Fintech. Analysis and research is undertaken across the Division keeping the Bank at the forefront of the intellectual debate on prudential policy.
In the team you will join we have two key areas of focus. Firstly, we look after policy relating to risk management for insurers and have recently published guidance for firms on investment and liquidity risk. Secondly, we coordinate major strategic insurance policy projects. It's an exciting time to join the team, with current projects including supporting government policy on pension scheme consolidation and aspects of the Solvency II Review and future UK policy framework. Our work is multifaceted and adapts to the PRA’s changing priorities.
We are looking for someone with excellent analytical, problem solving and communication skills. Someone who is comfortable working on topics that may be complex and unfamiliar. You will be reporting into a manager or project lead, working through policy issues to find solutions, and build and present a case for the proposed policy approach. When developing policy, you will need to communicate and collaborate with colleagues from across Insurance Supervision, Prudential Policy and Legal Directorate, build consensus and ensure that the policy approach for insurers is consistent with other sectors. You will also support and influence how the PRA supervises insurers by providing high quality and consistent advice to queries from supervisors as well as actively identifying matters where policy work is needed.
- An understanding of any one of the following: banking; insurance; the wider financial sector; policymaking; supervision and/or the regulatory environment.
- Experience gained in analysing, summarising and conveying complex information in clear messages for a broad range of audiences by way of reports or presentations.
- Judgement and Decisiveness: the ability to make sound judgements, based sometimes on incomplete or conflicting information or views.
- Collaborative and Inclusive: with the ability to build trust and rapport with colleagues and make the most of other’s skills and contributions.
- Outcome focused: willing to adapt and learn and take on new responsibilities and challenges across multiple work streams, with a flexibility of approach.
- Open and creative: able and willing to think creatively and bring forward new insights to policies issues, and to engage in debate and challenge with the wider team on potential policy solutions.
To find out more and apply, please visit our website:
Closing Date: 26th May 2021