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SalarySecretariat Analyst
-(010595)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 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.
On 1 April 2013 the Prudential Regulation Authority (PRA) became responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. The PRA was created by the Financial Services Act (2012) and is part of the Bank of England.
1.Analytical support to PRC.Analyst responsible for supporting the PRC’s operations, reporting to DGPR office and working closely with the Governance team in the PRA’s Strategy, Risk and Operations (SRO) directorate.
a. Supporting DGPR Private Secretary in running the committee.
b. Oversight of the PRC Secretariat in their day-to-day administration of the PRC process.
c. Advising teams around the PRA on their engagement with PRC.
d. Keep the processes and operations of the PRC under review, drawing on own judgement and feedback from multiple sources to form recommendations.
e. Owning the PRC actions log and conflicts management process.
f. Building a network of internal and external contacts and using it effectively – including with the FPC Secretariat, ED offices, FCA and Legal Directorate.
2.Support for external PRC External Members
a. Ensure the EMs get the briefing and information they need to do their jobs, working with teams and private offices. Act as their first point of contact with the wider Bank/PRA.
b. Advise teams on their interactions with the EMs.
3.Management of the team
a. Manage a team of four direct reports. Responsible for recruitment, succession planning, performance management, and coaching and development for team members.
b. Ensure that the team provides high-quality administrative support for PRC External members and also for PRA Senior Advisors.
4.Advice to ED-SRS on management of PRA Senior Advisors
a. Support SRS ED, DGPR and PRA ExCo on the work SAs are undertaking, by providing analysis on their overall workload and the projects they are involved in
b. Supporting ED-SRS on managing senior advisors’ contracts and the SA Division budget and headcount, working together with the COO.
Number of direct reports: 4
- Sufficient relevant career experience that would allow the individual to make independent judgements on tricky issues, and gain the confidence of very busy and senior policymakers. This could be gained through a range of career paths, including supervision, policy, governance/operations, and working in private office.
- Ability to manage a team, creating a positive and supportive environment for team members while ensuring the core responsibilities are delivered. Prior management experience is not required so long as you can demonstrate this ability in other ways (eg a track record coaching colleagues).
- Strong written and verbal communications skills.
- Ability to work independently, using your judgement to resolve any issues, escalating where necessary for particularly sensitive questions.
- Organisational skills to juggle competing deadlines and manage complex processes in a fast-moving environment, including the ability to work collaboratively with a wide range of colleagues, while maintaining high standards of professionalism and diligence.
- Strong analytical skills, including the ability to jump into new topics and take a strategic view.
- Some experience in financial regulation/supervision, financial stability or related topics would be an advantage, but is not essential.
- Understanding of Bank/PRA’s structure and governance.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
Salary and Benefits Information
This specific role offers a base salary of circa £52, 730 - £60,840 per annum (depending on skills and experience) on a full-time basis. We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
In addition, we also offer a comprehensive benefits package as detailed below:
- A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
- A discretionary performance award based on a current award pool.
- A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
- 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
- Private medical insurance and income protection.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice
