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Bank of England
,
London, Greater London
Financial Market Infrastructure - Analyst
Overview
Job Description
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 plus 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. In the Financial Market Infrastructure Division (FMID) we are responsible for supervision, policy and technical risk analysis on the infrastructure that sits at the core of the financial system - payment systems, central counterparties and central securities depositories. This infrastructure includes some of world's most systemically important firms. Current directorate priorities include safeguarding post-crisis reforms in derivative markets and responding to innovation in payments, including the entry of technology firms and emergence of new technologies including crypto-assets and stablecoins. For more information on the Directorate's work, see our most recent annual report available here FMID is unusual within the Bank in that it brings together supervisors, policy analysts and risk specialists in one place. As a small directorate, this means there are plenty of opportunities for cross-cutting working and the opportunity to get an insight into how different areas work. FMID encourages cross-Directorate moves as part of a career within FMID. Learning about financial market infrastructure can also set you up for your career within the wider Bank, as shown by the fact that a large number of senior people across the Bank have spent time in FMID. Working in FMID is a good way to understand the linkages at the heart of the financial system. FMID is committed to ensuring diversity within the Directorate: diversity of skills, perspectives and background. Flexible working is encouraged. You can do this job as a job share. Job Description The Incoming FMI team is responsible for assessing whether individual non-UK FMIs should be permitted to operate in the UK after the end of the transition period. This encompasses central counterparties, central securities depositories and payments systems. The team undertakes the reviews of the FMIs but also work on co-operation agreements with overseas regulators and providing advice to HMT for assessments of the equivalence of non-UK regimes to that of the UK. It is a wide ranging role that would be an excellent introduction for someone wanting to find out more about FMIs or a new type of FMI Specific responsibilities include: The senior analyst role will entail a mix of work on the different FMI types but also the different parts of the assessment process. So the individual will have opportunity to work on CCPs but also other FMIs and to work on co-operation with overseas regulators as well as specific firm assessments. The role involves a lot of cross department work - with the policy, supervisory and legal teams. External work with the foreign authorities but also HMT will also be involved. Through this role, you will gain an understanding of the different FMI types, their regulatory regimes and cross border approaches to supervision and regulation. Job requirements This role is a varied one requiring an individual with strong organisational skills. Essential * Experience of carrying out analysis and delivering high quality output to tight deadlines, and of arriving at creative solutions to problems * Ability to work well across the organisation and to interact confidently with internal and external seniors * Ability to communicate clearly and succinctly, even where dealing with highly complex issues * Ability to take the initiative and work under your own direction * Strong organisational skills and attention to detail We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed. We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice. As a unique institution, we have a reward package which sets us apart from other organisations. It includes a competitive salary, but also a much wider offering, including a defined benefit pension and comprehensive flexible benefits. We also offer a working environment which fully supports individuals through flexible working, wellbeing initiatives including an on-site medical and dental unit.