Policy Adviser - London, United Kingdom - Bank of England

Bank of England

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Policy Adviser - Credit Risk Policy - Prudential Policy Directorate

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(

008967

)

Primary Location UK-ENG-London

Job Policy

Organisation BANKING CAPITAL POLICY DIVISION

Job Posting 18-May-2023, 3:28:14 AM

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.

Department Overview
Banking Capital Policy Division designs policy ensuring that banks' have sufficient loss absorbing capital given the risks on their balance sheets

Policy topics include:
the capital quality; capital requirements for securitisation, credit risk, operational risk, and market and counterparty risk.

The division plays an active role in policy development, implementation, evaluation, and horizon scanning, in close collaboration with staff across the Bank, and internationally via Basel groups.

It contributes actively to cross-Bank work.

Analysis and research is undertaken across the Division to ensure that the Bank stays at the forefront of the intellectual debate on prudential policy.

Job description
This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities.

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.

This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities.

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 Credit Risk Policy team is responsible for microprudential and macroprudential policy issues relating to credit risk within the banking book.

We look at a variety of credit risk policy issues relating to the Standardised Approach to credit risk, the Internal Ratings Based approach to credit risk and Credit Risk Mitigation.

We provide advice to colleagues and senior Bank committees, as well as engaging closely with external partners, including HM Treasury, the Financial Conduct Authority, regulated firms and industry bodies.

We have a busy and exciting work programme.

Our key focus over the next 18 months will be the implementation of the Basel 3.1 standards which introduces fundamental changes to how firms calculate capital requirements.

We will also be contributing to developing a new UK prudential regime for small firms ("Strong & Simple") and contributing to the Bank's work on climate and crypto risks.

The job holder will specialise in policy for the Standardised Approach to credit risk.

Your responsibilities will include:

Line management responsibilities for 34 team members including managing the contributions of staff (either via direct line management and/or through leading pieces of group work) and mentoring and developing junior staff.
Setting direction and priorities for the team.
Developing and getting agreement on policy approaches and frameworks.
Undertaking policy analysis and leading on the drafting of senior committee documents and public communications including consultation papers and policy statements.
Building relationships and working effectively with key internal and external stakeholders.

Number of direct reports: 3-4

Role Requirements

Minimum Criteria

Line management experience, or similar leadership experience, for example, from leading colleagues on projects.
Experience working on credit risk and capital requirements issues.

Essential Criteria