LEEDS BASED
UK Deposit Takers Directorate
The UK Deposit Takers (UKDT) Directorate is responsible for the supervision of over 600 UK banks, building societies and credit unions. Its aim is to contribute to a safe, sound and competitive UK banking system through delivering effective prudential supervision.
Job Description
As a Senior Supervisor, you’ll use your analytical skills to deliver assessments and understand any risks these firms might pose. To do this, you’ll interact with firms and build an understanding of how they work. And when things don’t look quite right, you’ll use your judgement to investigate issues and dig deeper.
You’ll share your findings and recommendations with the wider internal team and work closely with senior leaders across the Bank and beyond. Everything you do will help to ensure our supervisory strategy is executed. The mixture of high-profile work and complex issues means you’ll have plenty of opportunities to develop both your technical and interpersonal skills.
We’ll match you to a role that builds on your strengths. You’ll enjoy analysing problems and be open to discussing issues and to challenge. All of this will lead you to investigate different issues and make good judgements. You will be able to think innovatively about how we continue to enhance our productivity and efficiency, putting into practice the improvements in our supervisory toolkit through data usage and analytical tools. And with plenty of self-motivation and initiative, you’ll be able to set your own targets and work to deadlines. Importantly, you’ll have the ability to manage different stakeholders and influence both people and decisions. The successful candidates should be enthusiastic, with strong inter-personal skills, and be able to communicate clearly and effectively.
We currently have a range of exciting opportunities to join our supervisory teams, including technical specialist roles working with our Category 1 firms, as well as portfolio supervision opportunities focused on the non-systemic banks, building societies and credit unions. Please note if you are supervising firms based in London you will be expected to travel for in-person meetings.
Work may include:
- Leading engagements with your firm or portfolio of firms
- Developing and maintaining relationships with key stakeholders internally and externally
- Driving and implementing the supervisory strategy
- Carrying out meaningful analysis on firm data, using a range of analytical tools to join dots and assess risks
- Developing expertise in a specific area, e.g. a risk stripe or a particular business model type; and
- Participating in cross-Directorate work
Role Requirements
Minimum Criteria
- Strong analytical skills, the ability to analyse and interpret financial information independently, exercise judgement and draw clearly reasoned conclusions
- An understanding of the financial services industry, its reporting requirements and key regulatory and supervisory challenges / priorities
- Practical and technical knowledge covering financial services firms’ balance sheets; prudential requirements and expectations; and firms’, regulatory, risk and/or management information
- An energetic, organised and proactive approach to your work, giving you the ability to deliver within deadlines and to contribute well within a team
Essential Criteria
- Strong stakeholder management skills, ability to build and maintain relationships at all levels, and to influence and challenge where appropriate
- Strong written and oral communication skills and ability to present findings, varying style to suit the audience
- Commercial awareness and an understanding of the impact of external factors and industry trends
- A demonstrated commitment to diversity and inclusion
Desirable Criteria
- Skills in developing and/or using AI agents to derive better analytical insights and/or make your work more efficient
- Understanding of the UK’s regulatory framework for one (or more) of: capital, liquidity, credit risk, traded/market risk, business risk, operational risk and resilience
- 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.
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.
