Senior Advisor

The Bank of England is the UK's central bank.

The Prudential Regulation Authority (PRA) is the UK’s prudential regulator for deposit-takers, insurance companies, and designated investment firms.

The PRA has two primary objectives set by Parliament: a general objective to promote the safety and soundness of regulated firms, and an objective specific to insurance firms for the protection of policyholders.

The PRA also has two secondary objectives; to facilitate effective competition in the markets for services provided by PRA-regulated firms and a new secondary objective to act, where possible, to facilitate the UK economy’s international competitiveness and its growth over the medium to long term, subject to alignment with international standards.

The PRA has a Competition and Quantitative Impact (CQI) team within its Prudential Policy Directorate which acts as an internal centre of expertise on matters relating to competition, competitiveness, and growth, and on cost benefit analysis. Staff developing regulatory policy across the PRA and the wider Bank of England draw on its work, as do other teams – e.g., teams responsible for authorising new firms and approving regulatory transactions, and supervisory teams that work with policy staff to develop prudential rules and supervisory statements.

The role

The PRA is seeking to appoint a Senior Advisor who, drawing on their own external networks and experience, will support policy and supervision colleagues across the PRA, providing independent advice and challenge to the assessment of topics that impact on competition, competitiveness, and growth.

Senior Advisors do not have line management responsibilities. 

The individual

You will have significant professional experience working as an economist, academic or/and in a related profession, skills and experience will include:

• A deep understanding of the economics and the practical application of regulation including competition regulation, and the impact of regulation on economic activity.
• Extensive experience of advising on competition issues and using economic expertise at senior executive and/or board level in academia, a commercial setting, or a policymaking environment.
• A broad understanding of the PRA’s objectives, and its regulatory and supervisory approach, and the ability to help assess the interlinkages between prudential regulation, competition, economic growth and international competitiveness.
• Strong analytical skills and the ability to absorb large volumes of complex information and to reach reasoned and robust conclusions.

The role is expected to require a commitment of 2-3 days per week.  

The Bank of England has a strong commitment to diversity and equality of opportunity, and welcomes applications from candidates irrespective of their background, gender, race, sexual orientation, religion, or age, providing they meet the required criteria.

The closing date for applications is 23:55 on Sunday 24 March 2024.

To apply please visit www.odgers.com/91070