Regulatory Supervisor - London, United Kingdom - Bank of England

Bank of England
Bank of England
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Regulatory Supervisor - Operational Risk and Resilience

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(

008791

)

Primary Location UK-ENG-London


Job Banking


Organisation DOMESTICALLY SYSTEMICALLY IMPORTANT BANKS


Job Posting 20-Apr-2023, 3:42:16 AM


Description - External
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.

The Banking Supervision directorate is responsible for the supervision of over 600 banks, building societies and credit unions. Its aim is to contribute to a safe, sound and competitive UK banking system through delivering effective prudential supervision. The UK Deposit Takers Supervision Directorate (UKDT) supervises UK firms. The Authorisations, Regtech and International Supervision Directorate (ARTIS) supervises the international headquartered firms.


Department Overview


Within UKDT, roles exist within the Globally Systemically Important Banks Division and our Domestic Systemic Important Banks Division, both are responsible for supervising the largest UK focussed banks.

The Domestically Systemically Important Bank (D-SIB) division has responsibility for the prudential supervision of the NatWest Group, Lloyds Banking Group, Santander UK and Virgin Money.


Job description

Role Responsibilities

The successful applicant will be responsible for:

  • Monitoring and evaluating the firm's programmes of work in relation to the management of operational risk and resilience.
  • Driving the PRA's analysis of firm's nonfinancial risks.
  • Developing and delivering supervisory strategies to address the risks identified.
  • Contributing to crossfirm and thematic work, including connecting with the work of other major bank supervision teams and specialist PRA teams.
  • Building and managing relationships with colleagues in the PRA, the wider Bank and other regulators, including presenting recommendations to senior decision makers and committees.
  • Engaging directly with external stakeholders, including senior management responsible for ORR.
  • Supporting other team members, providing guidance on technical aspects of ORR and other nonfinancial risks matters.
  • Contributing to work in other parts of the team.

Minimum (Essential) Criteria

  • A good awareness of operational risk challenges faced by major banks'
  • Ability to represent the PRA credibly and professionally in both internal and external meetings;
  • Excellent workload management skills, with the ability to work flexibly and adapt pragmatically to competing priorities;
  • Ability to work as part of a team and to coordinate with colleagues across the Bank;
  • Good judgement and analytical skills;
  • Strong written and oral communication skills;
  • Strong influencing skills.

Desirable Criteria

  • Experience of operational risk and risk management
  • Knowledge of broader nonfinancial risks (governance, financial crime/conduct)

What will I get from the role?

  • The opportunity to work on one of the most high profile and interesting supervisory areas with one of our largest banks
  • The opportunity to help establish operational resilience in our prudential framework
  • The opportunity to work with senior bank and PRA management to deliver the PRA's objectives
  • Carrying out intellectually stimulating and challenging work and exercising judgement

While this is a permanent role within UKDT, the successful applicant will initially cover parental leave for a period of 12 months after which time consideration will be given to a permanent role on the NatWest team or an internal move within UKDT to work on another supervisory team.

Additional Information - External


The Bank values diversity and inclusion - we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.

We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.

One way we support diversity and inclusion is through our staff-run networks, which are summarised here.


We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.

This role is therefore open to flexible working patterns.


Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working.

We expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers sh
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