About the team:
Would you like to work on the forefront of incorporating climate risks into central banks' market operations? Would you like to help protect the Bank of England’s balance sheet from a wide range of risks connected to climate change? Would you like to join a diverse and influential team of risk and climate experts with a strong sense of purpose? Then this role may be for you.
The Climate Risk Team sits in the Markets Directorate. The team considers climate-related risks across the Bank’s markets operations. The Bank’s work in these areas is internationally leading and grounded in quantitative risk models. The team’s remit includes:
- Assessing and quantifying material climate-related financial risks across the Bank’s financial operations.
- Mitigating climate-related risks to the Bank. This includes adjusting collateral haircuts to account for climate risks, as well as considering climate risks in our counterparty credit assessments.
- Producing the financial operations section of the Bank’s annual Climate Disclosure.
- Working with other central banks (including via the Network for Greening the Financial System) to shape international best practices.
The team is in the Financial Risk Management Division (FRMD) and works extensively both within FRMD and across the wider Bank to deliver its priorities.
Job Description:
We are recruiting a Senior Analyst to join the team. Specific workstreams the successful candidate will contribute to include:
- Quantifying the financial impact of climate risk on the Bank, focused on sovereign and financial institution counterparties.
- Mitigating financial risks to the Bank where necessary, focused on credit risk and market risk.
- Contribution to the publication of the Bank’s annual disclosure on climate financial risks.
Minimum Criteria:
- A track record of high-quality analytical work, including developing innovative solutions to complex problems.
- Experience of at least one of financial, economic or climate modelling, and/or data science. Python advantageous.
- Effective communication skills with the ability to synthesise and explain complex issues.
Essential Criteria
- Good stakeholder management skills.
- Analytical creativity and an ability to make decisions under uncertainty.
- An interest in climate change as it relates to central banks.
Desirable Criteria
- An understanding of financial risk concepts.
- Understanding of climate risk concepts.
- Understanding of UK and/or international climate regulatory and disclosure frameworks.
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.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
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.
Based in Leeds this role offers a salary of £50,320 - £56,610
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 one or more interview stages.
This role closes on July 14, 2026
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.
