Senior Advisor

On behalf of the Bank of England, we are looking for a Senior Advisor (Inside IR35) for a 36-month contract. This is a part-time requirement of 3 days per week.

The role can be performed on a flexible basis, including remote working, although the ability to attend the PRA’s London offices is required in line with the Bank’s current ways of working practice (minimum of 40% of working time in the office).

The Bank of England is the UK\’s central bank. Our mission is to deliver monetary and financial stability for the British people.

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 is seeking to appoint a Senior Advisor with industry experience of operating at senior levels, particularly in traded risk or wholesale banking.
• The Senior Advisor will support policy and supervision colleagues across the PRA, providing independent advice and challenge to help assess topics that impact the banking sector.
• The role includes providing advice and guidance to PRA executives on key challenges firms are facing, contributing to the PRA’s assessment and response to sector-wide risks.
• The Senior Advisor will be expected to build and maintain key external relationships to help inform the PRA’s work on known and emerging risks.

As a Senior Advisor, your main responsibilities will be:

• Advise, support, and challenge PRA staff in their supervision of individual firms and the wider banking sector.
• Communicate effectively and think critically to reach reasoned and robust conclusions.
• Contribute constructively to well-informed debate on how to advance the PRA’s objectives.
• Influence strategies to deliver the PRA’s objectives by advising senior decision-making bodies.
• Work collaboratively with a range of staff to achieve good supervisory outcomes.
• Handle highly confidential and commercially sensitive information appropriately.
• Adhere to the Bank of England’s Code of Conduct for staff.
• Experience of Traded, Market and Counterparty risk, or wholesale credit risk at senior executive level.
• Experience at board level in executive leadership roles in investment banking or equivalent roles.
• An understanding of PRA’s objectives and commitment to helping achieve its statutory objectives.
• Familiarity with concepts relating to prudential supervision and risk management in the banking sector.

Please be aware that this role can only be worked within the UK and not overseas.

Our Approach to Inclusion

The Bank values diversity, equity, and inclusion. We want all colleagues to feel valued and respected, and we celebrate all forms of diversity.

Disability Confident

The Bank of England guarantees to interview all candidates who have a disability and meet the essential criteria for the vacancy.

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