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Manager - Global Engagement

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

Are you interested in helping the Bank deliver on its policy priorities at an international level? Are you good at building relationships with stakeholders? Are you able to get to grips with complex policy issues and explain them in a clear and compelling way which can help our Governors to shift global debates? Are you able to manage staff, set direction, prioritise workloads and empower and support your team?

If so, this is the perfect role for you.

The Global Engagement Team in Policy and Strategy Division in International Directorate is responsible for ensuring the Bank engages effectively in multilateral fora (G7, G20, FSB, BIS, IMF, OECD) and bilaterally on financial stability risks and the development of global financial regulation.

We work closely with colleagues across the Bank to identify priority policy areas for coordinated international policy action and to design and execute engagement strategies to advance those priorities.

We engage on the biggest issues in international finance and economics. What do public authorities need to do to support innovation in cross-border payments and ensure private sector innovation is safe? What is the international response to the financial stability risks from climate change? How should we respond to recent banking events? What should the international regulatory framework for non-bank finance look like? What should the global regulatory community do about crypto assets?

We offer a unique chance to be at the heart of implementing the Bank’s international strategy, working with a wide range of colleagues from across the rest of the Bank, as well as with Governors and private offices. The role also involves close coordination with other UK authorities and counterparts overseas. The role is fast-paced, but also very rewarding for those who are interested in gaining an excellent horizontal overview of a wide range of international policy issues, as well as frequently engaging with senior Bank staff.

As we are a small and flexible team, you will have the opportunity to work across a range of dossiers and to work on and shape our input to new international issues and initiatives as they emerge. You are also encouraged to get involved with cross-cutting projects with other teams within International Directorate and to make a contribution to Diversity and Inclusion initiatives in the Directorate or the wider Bank.

Job Description

We are recruiting for a manager in the Global Engagement Team who will be responsible for overseeing the coherence and effectiveness of the Bank’s international strategy on a portfolio of prudential and financial stability topics. This will include supporting Andrew Bailey as the Chair of the FSB’s Supervisory and Regulatory Cooperation committee, and overseeing international work related to issues, including banking and resolution frameworks, insurance, data fragmentation, outsourcing and cyber.

Specific responsibilities include:

• Supporting the Governor and Deputy Governors as they represent the Bank at international fora, and in particular the FSB, BIS, G7 and G20, including by providing robust analysis and briefing ahead of key international engagements.
• Leading support for the Governor as chair of the FSB’s SRC committee, working closely with the FSB Secretariat.
• Line management of two policy analysts, setting direction, prioritising workloads and empowering and supporting the team.
• Overseeing work to support the Bank’s international priorities relating to issues including issues relating to banking and resolution frameworks, insurance, data fragmentation, outsourcing and cyber;
• Developing close working relationships with staff engaged on relevant policy issues across the Bank; and with colleagues in FCA and HMT.
• Ensuring that the team has strong relationships and early insight into the positions of various domestic and international stakeholders, including the FSB secretariat in Basel; and
• Ensuring that the international work is transparent to, and well understood by, colleagues around the Bank such that they know where we can add value and see the results of the efforts.

The Policy and Strategy Division is fully committed to diversity and equality for all staff, guided by the Diverse and Talented pillar of the Bank’s Strategic Plan. We have a strong track record of colleagues working part time or as part of job shares, and this role can be done as part of a job share and/or as part of a flexible working pattern.

Job requirements:

• Knowledge of financial services policy, either from experience in the private sector or a finance ministry, central bank or financial authority.
• Ability to manage staff, setting direction, prioritising workloads and empowering and supporting them.
• Excellent written and verbal communication skills, in particular to ensure that senior staff are supported effectively;
• Collaborative skills and the ability to work effectively with a wide range of colleagues across the Bank and internationally;
• Proven analytical capability, and the ability to digest and assess new information and issues, and update policy advice;
• The ability to plan and re-prioritise effectively and to deliver briefing and analysis in a sometimes rapidly-changing environment;
• Experience of international or EU processes or negotiations is desirable.

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. You can find more information on what this means here. 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 £62,700 - £70,000 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. (Note that for the Benefits year 2023/24, this will increase to 8%)
• 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 at Privacy and the Bank of England | Bank of England.

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 30 June 2023.