Head of Market Intelligence and Analysis Division - London, United Kingdom - Bank of England

Bank of England

Verified Company

London, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Head of Market Intelligence and Analysis Division (MIAD), Markets

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(

009005

)

Primary Location UK-ENG-London

Job Market Operations

Organisation MARKET INTELLIGENCE& ANALYSIS DIV

Job Posting 23-May-2023, 9:25:34 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, made up of approximately 4,000 people each committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
The Markets Directorate promotes monetary and financial stability by leading the Bank's market operations, and by using our presence, expertise and influence in financial markets to inform and shape the Bank's policy decisions and priorities.
The Markets Directorate includes 6 Divisions which are:
Sterling Markets
Foreign Exchange
Market Intelligence
Financial Risk Management
Middle Office
Markets & Banking COO

Department Overview
Market Intelligence and Analysis Division (MIAD) is at the heart of the Bank's mission.

It is the Bank's eyes and ears in financial markets - gathering, analysing and interpreting the latest market developments, and using that information to brief the Bank's monetary, financial stability and prudential policy makers.

MIAD plays a central role in designing the market operations and schemes through which the Bank implements monetary policy and provides liquidity insurance to the banking system, supporting decisions of the MPC and FPC.

And it carries out the Bank's strategic objective to pursue fairer and more effective financial markets, using the Bank's influence to catalyse market-led reform.

MIAD has around 55 people, divided into 3 teams: the Market Intelligence Delivery Team (MIDT); the Market Policy Analysis Team (MPAT) and the Market Structure Analysis Team (MSAT).

Job description

This role is a broad, reporting to the Executive Director for Markets, with responsibilities that are central to the Bank's remit.

You will be leading a division of around 55 people, and over 70 Market Intelligence (MI) gatherers in MIAD and across the Bank.

The role entails shaping the Bank's views on a broad spectrum of financial market issues - whether interpreting the market's expectations for monetary policy, including via the Market Participants' survey (MaPs), monitoring UK government bond market functioning and liquidity, unpicking the latest developments in global financial markets, or providing expert advice to the FPC on market participants' views of risk emanating from financial markets.

And you will provide intellectual leadership to help shape the Bank's operations.

The jobholder's responsibilities as Head of MIAD will be to:

Lead the Bank's world-class MI function, using our operational expertise, our huge range of market contacts in the UK and overseas, our market data analytics and our research, to ensure the Bank has its finger on the pulse of financial markets. The role requires coordinating the activity of 70+ MI gatherers within MIAD and across the Markets Directorate and Bank to provide a real-time market monitoring service, gathering insightful MI that influences policy.
Bring together market intelligence and analysis to interpret financial market developments, working closely with colleagues around the Bank, including via the crossdirectorate FMA pool.
Lead the Bank's Survey of Market Participants (MaPs), preMPC and preFPC processes.
Brief Governors, the MPC, FPC and PRC personally on what signal to take from markets, incipient risks, and longer term structural issues, so that policy decisions are taken in full knowledge of the financial markets context and impact.
Play a leading role, working with the Future Balance Sheet Unit, Sterling Markets Division, Financial Risk Management Division and others in Markets, in the design of the Bank's future monetary control framework, the development of new policy tools, the design of the Bank's monetary policy and liquidity support operations, and the Bank's management of its own and the Government's FX reserves.
Coordinate research on financial markets issues to support analytical work and operational design, taking advantage of the Bank's privileged access to regulatory and transaction data, including trade repository data.
Actively support Markets' Diversity, Equity and Inclusion initiatives to attract and inspire the best people to work in MIAD and as MI gatherers. This includes developing and articulating a talent strategy and ensuring the Bank's diversity objectives are reflected in all stages of talent management in both MIAD and the MI function more broadly.
Ensure MIAD's outputs are understood, credible and trusted. Amongst other things, that involves helping to ensure clear external communication through your r