Senior Financial Markets Analyst

The Bank of England plays a vital role in securing a stable financial system that is fit to serve the needs of the people of the United Kingdom. You can too.

The challenge

The recent financial crisis laid bare the importance of financial stability for a healthy economy. The development of macroprudential policy regimes around the world has been a major part of the response. In the United Kingdom, the Financial Policy Committee (FPC), chaired by Governor Mark Carney, has been set up within the Bank of England to implement policies aimed at reducing the frequency and severity of future financial crises.

The opportunity

The Bank is looking to recruit a number of talented individuals into its Financial Stability Strategy & Risk area. The area is made up of around 150 people and focuses on supporting the Financial Policy Committee to set macroprudential policy in the UK. It is responsible for assessing risks to financial stability from across the financial system and defining the Bank’s strategy for responding to them. This is an exciting opportunity to work at the frontier of macroprudential policy. Some of the challenges we face include:

• Conducting high quality risk assessment and research across all sectors of the economy and financial system, and enhancing our framework for assessing future risks to UK financial stability.
• Identifying appropriate policy responses including what macroprudential instruments the Bank needs, and designing the Bank’s strategy for their use.
• Delivering the Bank’s stress-tests, and developing models to track how stresses flow through the wider financial system.
• Forensically examining the way in which banks and other financial institutions operate, and communicating insights to relevant supervisors.
• Producing outstanding and informative publications, including the Financial Stability Report and Financial Stability papers, and developing public understanding and awareness of the FPC.

The requirements

We are looking for intellectually curious, first-class thinkers with a track record of delivering high-quality, rigorous analysis and a desire to apply this to the area of macroprudential policy.

Candidates should have:

• A background in finance, with relevant professional experience, though applicants who can bring fresh and challenging perspectives to this exciting area of public policy would also be welcome.
• Technical skills directly relevant to macroprudential policy, including experience of at least one of the following areas: analysis of financial markets or firms; financial modelling and stress testing; research on finance; publication writing; public policy making; or in-depth knowledge of aspects of the macroprudential policy landscape.
• Strong written and verbal communication skills through a track record of explaining and presenting complex material in an accessible and persuasive way to senior stakeholder.
• A proactive attitude and good interpersonal skills, including being able to work collaboratively as part of a diverse, talented team.

Roles are available at a range of levels. Candidates interested in more senior roles should be able to demonstrate: greater technical / analytical expertise or a broader range of skills, such as experience leading teams or projects, providing thought leadership on issues relating to macroprudential policy, and/or representing their organisation externally.

The Bank of England is fully committed to diversity and equality for all staff. These roles can be performed as a part of a job share and / or flexible working.

The package

The high profile, challenging work and sense of purpose are not the only benefits to working in the Bank. In addition to a competitive salary, you’ll also enjoy a comprehensive benefits package, including:

• A non-contributory Career Average pension provision, which is a defined benefit pension.
• 25 days holiday per annum, with the option to purchase up to 13 more.
• Private medical insurance and permanent health insurance.

To apply please click the Apply button: 

Vacancy reference: IRC11575

Closing date for the receipt of applications is:  11th December 2016.

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