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For Companies 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.
Strategy & Policy Manager
Application Deadline: 12 January 2025
Department: Policy & Strategy
Employment Type: Permanent
Location: London
Compensation: £43,575 – £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 £43,575 – £51,975 Depending on experience
Please note that any same band and job family internal moves will not present any pay increase
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 plc
Contact Detail:
British Business Bank plc 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 or those who have experience working with the British Business Bank. This can provide you with insights into the organization's culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Prepare to discuss specific examples of projects where you've successfully developed strategies or policies. Highlight your ability to synthesize complex data and communicate effectively with stakeholders, as this is crucial for the role.
✨Tip Number 4
Stay updated on trends in green financing and the transition to a modern economy. Being knowledgeable about innovative solutions to climate change will demonstrate your commitment to the Bank's first project focus.
We think you need these skills to ace Strategy & Policy Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Strategy & Policy Manager position. Tailor your application to highlight your relevant experience in strategy and policy development.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience managing strategic projects, particularly those related to SMEs and access to finance. Use specific examples that demonstrate your ability to synthesize complex data and provide clear, evidence-based advice.
Showcase Communication Skills: Since the role involves communicating with various stakeholders, ensure your application reflects your strong communication skills. Provide examples of how you've effectively communicated complex policy issues to senior decision-makers.
Tailor Your Cover Letter: Craft a compelling cover letter that connects your passion for strategy and policy development with the objectives of the British Business Bank. Mention your understanding of government priorities and how you can contribute to building a modern, green economy.
How to prepare for a job interview at British Business Bank plc
✨Show Your Passion for Strategy and Policy
Make sure to express your enthusiasm for strategy and policy development. Share specific examples from your past experiences that demonstrate your commitment to these areas, especially within the context of SMEs and public sector organizations.
✨Demonstrate Your Analytical Skills
Prepare to discuss how you approach complex problems. Be ready to explain your process for breaking down issues, developing hypotheses, and gathering evidence. Use concrete examples to illustrate your analytical thinking and problem-solving abilities.
✨Communicate Clearly and Confidently
Since the role involves communicating with senior decision-makers, practice articulating your thoughts clearly and confidently. Prepare to synthesize complex data into well-argued advice, and be ready to engage in discussions about strategic issues.
✨Understand the SME Finance Landscape
Familiarize yourself with the challenges SMEs face in accessing finance. Be prepared to discuss your insights on this topic and how they relate to government policies. Showing a solid understanding of the UK Government's operations will also set you apart.
