Senior Manager, Japan Team, Artis

Senior Manager, Japan Team, ARTIS

Directorate Overview

The Authorisations, RegTech and International Supervision (ARTIS) Directorate within the PRA is formed of:

• The Authorisations Division, which deals with regulatory transactions where firms apply to carry out PRA regulated activities, or make changes to the activities they undertake;

• The RegTech, Data and Innovation Division; and

• The four divisions responsible for the supervision, as a host regulator, of the UK activities of international banks, custodians and designated investment firms headquartered in over 50 overseas jurisdictions – including some of the world’s highest profile firms.

This role is within the Cross-Firm Analysis and Supervision Division (CFAS). CFAS is comprised of four cross-firm teams and a supervision team.

Job Description

An opportunity has arisen for a Senior Manager role within CFAS, leading the Japanese banks supervision team. This is a substantial supervisory Senior Manager position.

The firms include three GSIBs and two DSIBs. Collectively they have a substantial UK footprint in wholesale and investment banking and trading.

This is a people management role. You will be responsible for day-to-day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area’s aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

What will I get from the role?

• Intellectually stimulating and challenging work, supervising key aspects of firms with complex business models and products;
• Exposure to the senior management of the PRA and the wider Bank, and an opportunity to work closely with senior people at external stakeholders including banks and overseas regulators.

Number of reports: 3 direct reports, team of 11.

Role Requirements

• Supervision Senior Managers in ARTIS are responsible for:
• Leading their supervision teams to ensure the effective delivery of forward-looking, risk-based, and judgment-led supervision;
• Agreeing the annual strategy for individual firms, in line with the Supervisory Risk Framework; and setting the overall work-plan;
• Providing line management of direct reports and leadership for a team of supervisors, including agreeing smart, stretching work and development objectives that are aligned to the work-plan of the team, Division, and Directorate;
• Maintaining strong and effective working relationships with the senior management of firms as well as with other key stakeholders including PRA colleagues, Bank colleagues and counterparts at FCA and home country regulators;
• Recruiting effectively, identifying talent, and developing the wider team through coaching and communicating a clear vision, so that the team is productive, engaged and motivated;
• Embracing and welcoming diversity of thought, promoting diverse representation with equal opportunities and demonstrating empathy and inclusion in behaviours;
• Playing a role in the management of the Division (supporting the HoD) and the Directorate (supporting the Directors), contributing to cross-firm work and implementation of PRA-wide policies, and priorities.

Minimum Criteria

• Good judgement and analytical skills – You should be capable of understanding and articulating the prudential risks posed by a variety of banks and business models; exercise good judgement in determining effective strategies and be able to proactively identify risks. You should also demonstrate strong decision-making skills;
• Effective influencing and stakeholder management – You should be good at maintaining effective relationships even at times when those relationships may need to become adversarial; commanding credibility with senior management in firms and other regulators and communicating clearly (orally and in writing) to a variety of audiences.
• Strong leadership and management skills – You should be a great people manager who enjoys supporting and developing staff with an ability to create and implement a shared vision, deliver outcomes through the work of others and set an example through effective prioritisation and with the ability to work flexibly and adapt rapidly to competing priorities; You should have an ability to take an inclusive approach to management, bringing out the best in and developing the talents of each individual given a variety of different backgrounds.
• Alignment with the Bank’s behaviours – You will be expected to foster a diverse, inclusive and open culture within the Division, encouraging debate and challenge amongst staff - you should be able to role-model the behaviours that engender this kind of work environment;
• Diversity, Equity and Inclusion – You should have a track record of supporting Diversity and Inclusion initiatives and encouraging others to do the same.

Desirable Criteria

You should not be put off from applying if you do not meet or do not have all of these criteria – we would actively encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be helpful in this role.

• Previous experience of supervision or analysing financial institutions;
• Previous experience of technical aspects of regulation, such as capital/liquidity;
• Previous experience of dealing with legal and policy issues.

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.

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

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 £87,750 - £101,250per 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 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 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