Policy Advisor, Asset Management Team - London, United Kingdom - Bank of England

Bank of England
Bank of England
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London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description

Policy Advisor, Asset Management Team
-
(010339
)

Primary Location UK-ENG-London


Job Economics


Organisation CAPITAL MARKETS (CMD)


Job Posting 13-Feb-2024, 12:00:05 PM

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 Bank of England's Financial Stability, Strategy and Risk (FSSR) Directorate works to secure a stable financial system that serves households and businesses in bad times as well as good.

We are responsible for helping the UK Financial Policy Committee (FPC) identify risks to UK financial stability, assess the resilience of the UK financial sector and develop policy solutions to ensure UK financial stability.


Department Overview

  • The Market-Based Finance Division (MBFD) assesses risk to financial stability arising from financial markets and nonbank financial institutions. We help the Financial Policy Committee (FPC) to implement policies to mitigate these risks and to improve the UK financial system resilience. A lot of our work is in international groups such as the Financial Stability Board (FSB). We also work with people across the Bank of England, and with the Financial Conduct Authority, market participants and academics.

Job description

  • In the Asset Management team we strive to build and maintain an excellent understanding of the industry and the behaviour of real money investors in financial markets and commercial real estate. We used this to analyse and monitor risks that they pose to financial stability and devise effective and proportionate interventions.
The FPC highly values team's work and there are many opportunities to engage with the committee.

The resilience of financial markets and non-banks is a top priority of the international policy agenda and there are lots of opportunities to participate in this.


As a Policy Advisor you will lead teams to take forward projects from planning to delivery to senior Bank stakeholders.

Although these are not line management roles, there will be opportunities to manage 1-2 members of staff on a permanent basis, depending on preferences.

Some of the projects you could be involved in are:

  • Work on policies for sectors such as Liability Driven Investments, Money Market Funds or Open-Ended Investment Funds.
  • Participating in international workstreams related to asset management led by the Financial Stability Board or other international regulators. You will work closely with international counterparts and brief senior staff ahead of key international meetings.
  • Collaborating with external counterparties including the FCA, international regulators and central banks, industry associations and market participants to understand their viewpoints and to explain and promote the Bank's position.
  • Improving our ability to monitor risks arising from the investment management sector.
  • Investigating new and emerging risk.


In MBFD, we work fluidly across teams to ensure to make best use of our versatile team members and help people develop their skills and interests.

We also actively contribute to cross-divisional projects throughout FSSR.

Alongside building expertise in your core role, you will be able to wok on cross-Directorate and cross-Bank projects, allowing you to learn about a wide and varied set of issues affecting the Bank.


Role Requirements

Minimum Criteria

  • Enthusiasm for and ability to deliver highquality policy work.
  • Curiosity for and appetite to learn about financial markets and nonbank financial institutions (previous experience in this area is not required).
  • Ability to lead projects/pieces of work independently (with mínimal oversight) and deliver through others.
  • Stakeholder management skills and the ability to work collaboratively with colleagues from around the Bank and external organisations.
  • Ability to explain and communicate complex topics to clearly and concisely and influencing senior members of staff.
  • Good written communication and drafting skills.
  • Commitment to improve diversity and inclusion in the organisation.

Desirable Criteria
Please do not worry if you do not meet a number of these criteria - we encourage you to get in touch to discuss what support you might need to close any gaps and to talk about other skills you might have which you think could be helpful in this role


These could include:

  • Previous experience leading policy development projects.
  • Practical knowledge or experience of how markets and/or nonbanks work.
  • Academic or professional qualification in finance, economics, data science or similar fields.
  • Project management experience.

Our Approach to Inclusion
The Bank values diversity and inclusion - we wan
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