UKDT Mid-Tier Banks – Senior supervisor

Directorate Overview

At the Bank of England, we protect everyday life in the UK. We ensure that financial services are safe, inflation is stable, and systems are secure. Our Banking directorate supervises around 600 firms, so they’re crucial to this. And now, we’re looking for motivated people to join us and take on incredibly impactful and rewarding work.

Mid-Tier Overview

The mid-tiers are a broad and varied group of firms, comprising of UK banks which are not currently considered ‘systemic’ but are large enough, and serve a wide enough range of customers, potentially to cause material disruption if they were to fail. They typically cover market segments which tend to be less served by the largest banks, including residential markets, buy-to-let (BTL), consumer finance, commercial lending to small and medium-sized enterprises (SMEs) and more. The sector includes some household name deposit takers and branch-based banks, as well as fast-growing firms, digital disrupters, and specialist higher-risk lenders.

Supervisors in the mid-tiers division will work across the entire range of risks our banks are exposed to and will have a significant role in driving the supervisory strategy and building an effective relationship with banks’ senior leaders.

Job Description

Senior Supervisor, Mid-Tier Banks 2.

Opportunity to supervise at a crucial time for the firm, working in a challenging and fast paced environment. The role will report to the Scale E Manager in the Mid-Tier division which will also provide the opportunity to be involved in the supervision of 2 other mid-tier firms on this part of the team. The successful candidate should have strong problem-solving skills, an ability to manage stakeholders and be able to confidently lead and deliver the agreed supervisory strategy for the firm.

Senior Supervisor, Mid-Tier Banks 3

Opportunity to supervise one of, or potentially across both of, the UK’s mid-tier digital banks. The role will report to the Scale E manager and will provide significant opportunities to drive forward the supervisory agendas for high-profile, digitally enabled, deposit taking banks. The successful candidate should be self-starting with excellent problem solving and relationship management skills.

Role Requirements

Day-to-day, 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 investigate issues and dig deeper.

Plus, you’ll share your findings with the wider internal team and work closely with senior leaders across the UK and international financial firms. Everything you do will help to ensure our supervisory strategy is being implemented. 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 and debating issues. All of this will lead you to investigate different issues and make good judgements. 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.

Minimum Criteria

· Pro-active, strong analytical skills, ability to communicate with credibility in front of internal and external stakeholders.

· Effective relationship management, including an ability to influence senior colleagues. Able to work independently as part of a team, coach more junior colleagues and to challenge constructively by bringing a diverse set of views and perspectives.

· Existing financial services experience or financial sector knowledge or background.

· Ability to draw reasonable conclusions from a range of financial information and recommend appropriate remedial action.

· Commercial awareness and an understanding of the impact of external factors and industry trends.

· Excellent organisational skills to proactively prioritise and manage workload.

· Ability to produce clear, concise, and structured written communication tailored for different audiences.

Desirable Criteria

· Data analytics skills (e.g. Tableau, R, Excel etc.)

You should not be put off applying if you do not meet/ have all these criteria.

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

This specific role offers a base salary of circa £52,730 - £60,840 per annum (depending on skills and experience) on a full-time basis. 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.

In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• A 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 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 closing date for applications is 1 April 2024

The assessment process will comprise of two stages.

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.