Lead Policy Analyst in Innovation and Regulatory Perimeter - PPD in Leeds

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Bank of England

Lead Policy Analyst in Innovation and Regulatory Perimeter - PPD

Lead Policy Analyst in Innovation and Regulatory Perimeter - PPD in Leeds

Leeds Full-Time On-site

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Description

LEEDS BASED.

Prudential Policy Directorate

The Prudential Policy Directorate (PPD) is responsible for designing, negotiating internationally and implementing effective prudential regulation in order to remove or reduce systemic risks, promote the safety and soundness of PRA-regulated firms and ensure appropriate protection for insurance policyholders. PPD supports both the Prudential Regulation Committee (PRC) and Financial Policy Committee (FPC) in fulfilling their objectives.

Prudential Framework Division

The Prudential Framework Division promotes financial stability and resilience in a changing world by working with others to deliver world class banking prudential policy and thought leadership.

We do this by shaping, maintaining the integrity of, and explaining the capital frameworks, macroprudential toolkit, liquidity policy, FSCS protection and the regulatory perimeter including considering innovation.

The division plays an active role in policy development, implementation, evaluation, and horizon scanning. It does this through close collaboration with staff across the Bank, externally with HM Treasury, the Financial Conduct Authority and the Financial Services Compensation Scheme. Analysis and research are undertaken across the Division to ensure that the Bank stays at the forefront of the intellectual debate on prudential policy.

This role will sit in the Innovation and Regulatory Perimeter Team (IRP).

Innovation and Regulatory Perimeter team

The IRP Team is responsible for considering how to apply and amend prudential policy frameworks and the regulatory perimeter to innovations by PRA regulated firms. The team seeks to do this in a way that facilitates, subject to international standards and the PRA’s primary objectives, the international competitiveness of the UK economy—particularly financial services—and its medium- to long-term growth. To date, the team has focussed on banking policy for innovations in digital money and digital assets both domestically and internationally.

Job Description

This is a permanent opportunity for a Lead Policy Analyst at Scale F within the Innovation and Regulatory Policy Team. The roleholder will play a key role in the design and delivery of digital money and digital asset policy as it relates to the prudential banking regime, leading policy development across a range of high-profile issues and contributing directly to externally visible policy outputs and senior-level decision-making.

While there are likely to be opportunities to work across both digital money and digital assets issues, a key focus of this role will be on the PRA’s implementation of the Basel Standard for the Prudential Treatment of Cryptoassets, once the Basel Committee on Banking Supervision (BCBS) targeted review has concluded. In addition, support to supervision on live cases of firms innovating in digital money and/or digital assets is likely to also be a priority.

Key Responsibilities

Leading policy workstreams relating to innovation, digital assets, and digital money and the prudential regulatory perimeter.
Developing policy positions on complex and novel issues, including areas where international standards, evidence and regulatory approaches continue to evolve.
Supporting and influencing domestic and international policy discussions, including engagement with the BCBS and other international forums relevant to innovation and prudential policy.
Representing the Bank in international working groups (when opportunities arise), representing the PRA's views effectively and influencing outcomes where appropriate.
Coordinating contributions from colleagues across policy, supervision and other specialist functions to deliver policy outcomes to advance our work on digital assets and digital money.
Building and maintaining effective working relationships across the Bank, PRA, industry, HM Treasury, FCA and international authorities to support policy development and implementation.
Supporting colleagues through coaching, technical guidance and constructive challenge to improve the quality of policy analysis and delivery.
Contributing to wider PPD work on horizon scanning, innovation and future regulatory frameworks

Role Requirements

Minimum Criteria

Analytical capability, including experience of analysing complex policy, regulatory or financial-sector issues, applying quantitative and qualitative analysis, and developing evidence-based recommendations.
Ability to work effectively with colleagues from different disciplines and backgrounds to solve problems and deliver outcomes.
Ability to communicate complex issues clearly and concisely, both in writing and verbally.

Essential Criteria

Ability to use information from a variety of sources to draw clear conclusions, and present findings in a clear and accessible way to support policy development and decision-making.
Strong stakeholder management and influencing skills, including the ability to build consensus, navigate differing perspectives and engage effectively with senior stakeholders.
Experience of developing, implementing or advising on policy, regulatory, supervisory, markets, risk or related initiatives.
Demonstrated ability to prioritise effectively, manage competing demands and deliver high-quality outputs to demanding deadlines.
Ability to develop technical expertise and apply it to influence policy development, decision-making or broader organisational thinking.
Ability to understand how individual policy issues contribute to wider prudential, financial stability and organisational objectives.

Desirable Criteria

Knowledge of prudential regulation, financial stability issues, banking business models or prudential supervision.
Experience in one or more of the following areas:
- digital assets, tokenisation, digital money or emerging financial technologies.
- international policy development or engagement with international standards.

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.

From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

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

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.

Salary circa £50,320 - £56,000. In addition, we also offer a comprehensive benefits package as detailed below:

Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
A discretionary performance award based on a current award pool.
An 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.

The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

The Application Process

Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

The assessment process will comprise of two interview stages.

This role closes on 14 Oct.

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.