At a Glance
- Tasks: Lead strategy and policy development for the British Business Bank, focusing on SMEs and green financing.
- Company: Join the UK's economic development bank dedicated to supporting small and medium-sized businesses.
- Benefits: Enjoy 30 days annual leave, flexible working, and a generous pension contribution.
- Why this job: Make a real impact on the economy while working in a dynamic, supportive environment.
- Qualifications: Passion for strategy and policy with experience in project management and stakeholder communication.
- Other info: Hybrid working model with office attendance required two days a week.
The predicted salary is between 43575 - 51975 £ per year.
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Strategy & Policy Manager
Application Deadline: 12 January 2025
Department: Policy & Strategy
Employment Type: Permanent
Location: London
Compensation: GBP 43,575 – GBP 51,975 / year
Description
Strategy and Policy Manager
Location: London / Hybrid Working (Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Salary: From GBP 43,575 – GBP 51,975 Depending on experience
Key Benefits
- 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
- 15% employer pension contribution
- Flexible working
- Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
- Paid voluntary days, maternity, paternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle – from discounts on retail and dining, to health and wellbeing, travel, and technology…and plenty more
The Role
We are currently recruiting for a new Strategy & Policy Manager. The role will contribute to the development of the overall business strategy as well as the development of new and existing financial products of the British Business Bank and translate Government policy priorities into a strategy that fits the Bank’s remit and funding envelope.
The British Business Bank is the UK’s economic development bank dedicated to ensuring finance markets support smaller and medium sized businesses (SMEs) in the UK to start, scale and grow in the UK.
The Strategy, Policy and Economics teams develop the Bank’s strategy for delivering on its objectives and work on important policy projects to meet the government’s ambitions in access to finance for SMEs.
The Strategy, Policy and Economics division is responsible for:
- Using our understanding of government priorities and finance markets to shape the Bank’s entire product offer, from overall strategy to specific product and programme development.
- Leading on the policy advice the Bank gives to the government, drawing on expertise from across the Bank, our own knowledge of SME finance markets, and high-quality research, developing evidence on market gaps and potential policy solutions.
- Leading the Bank’s day-to-day relationship with government, including developing our strategic approach to fiscal events (e.g. Spring Budgets, Autumn Statements) and running those negotiations.
- Leading the development of corporate strategy and planning, including the Bank’s strategic plan, business plan, and Board strategy days.
Reporting to the Policy & Strategy Senior Manager, the role will involve a range of projects over time across the Bank’s four strategic objectives, depending on the needs of the Bank. The role’s first project will involve supporting and developing the Bank’s objective to build a “modern, green economy” in the UK. This will include researching, scoping, developing, and testing new green financing proposals that support SMEs transitioning to net zero and SMEs innovating and developing groundbreaking solutions to climate change and other environmental challenges.
To be considered for this role, you must have excellent knowledge and passion for working on strategy and policy development within private or public sector organisations, or academic institutions.
You will have experience managing and working strategically on projects, including breaking down complicated problems, developing hypotheses for solutions, and gathering relevant quantitative and qualitative evidence to help develop and assess policy options.
You will also have experience producing clear, evidenced, well-argued advice that synthesises complex data to stakeholders, including senior decision-makers, along with experience communicating confidently and fluently with a range of stakeholders on sometimes complex policy and strategic issues.
Prior understanding of the challenges SMEs face when trying to access debt and equity finance, as well as experience of working on access to finance issues, would be highly desirable, as well as knowledge of how the UK Government and Whitehall operates.
Experience of working with government officials and the Whitehall machinery and/or experience working in the Public Finance Institution landscape would also be a distinct advantage.
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Strategy & Policy Manager employer: British Business Bank
Contact Detail:
British Business Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategy & Policy Manager
✨Tip Number 1
Familiarize yourself with the current government policies and priorities related to SMEs and finance. Understanding these will help you articulate how your experience aligns with the Bank's objectives during discussions.
✨Tip Number 2
Network with professionals in the public finance sector, especially those who have experience with the British Business Bank or similar institutions. This can provide you with insights into the role and potentially valuable connections.
✨Tip Number 3
Stay updated on trends in green financing and the transition to a modern economy. Being knowledgeable about innovative solutions in this area will demonstrate your commitment to the Bank's first project focus.
✨Tip Number 4
Prepare to discuss specific examples from your past work where you've successfully managed strategic projects or provided policy advice. Highlighting these experiences will showcase your capability to handle the responsibilities of the role.
We think you need these skills to ace Strategy & Policy Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Strategy & Policy Manager position. Understand the key responsibilities and required skills, especially around strategy and policy development, as well as the specific focus on SMEs and green financing.
Tailor Your CV: Customize your CV to highlight relevant experience in strategy and policy development. Emphasize any previous roles where you managed projects, worked with government officials, or dealt with access to finance issues for SMEs.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your passion for the role and how your background aligns with the responsibilities outlined. Use specific examples from your experience to demonstrate your ability to synthesize complex data and communicate effectively with stakeholders.
Highlight Relevant Skills: In your application, make sure to showcase your analytical skills, experience with quantitative and qualitative evidence gathering, and your understanding of the UK Government's operations. Mention any direct experience with financial products or public finance institutions.
How to prepare for a job interview at British Business Bank
✨Understand the Role and Its Impact
Make sure you have a clear understanding of how the Strategy & Policy Manager role contributes to the British Business Bank's objectives. Be prepared to discuss how your experience aligns with their mission to support SMEs and your vision for developing a modern, green economy.
✨Showcase Your Strategic Thinking
Prepare examples from your past experiences where you've successfully managed strategic projects. Highlight how you broke down complex problems and developed actionable solutions, especially in relation to policy development or financial products.
✨Communicate Confidently with Stakeholders
Practice articulating your thoughts clearly and confidently. You may need to explain complex data and policy issues to various stakeholders, so be ready to demonstrate your ability to synthesize information and present it effectively.
✨Demonstrate Knowledge of SME Challenges
Familiarize yourself with the current challenges SMEs face in accessing finance. Be prepared to discuss potential policy solutions and how your insights can help shape the Bank's strategy in addressing these issues.