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.
The Insurance Supervision Directorate promotes the safety and soundness of over 500 insurers operating in the UK. We help identify and mitigate potential risks before they can have an adverse effect on policyholders and financial stability.
We face a complex and challenging task, one that presents numerous opportunities to protect policyholders and UK financial stability and one that delivers real and lasting benefits to society.
The Insurance Supervision Directorate currently has 30 people within our new central Leeds offices, and we are now looking to grow the team here. It's a major hub for finance, legal services, digital tech and healthcare. Home to major employers like Channel 4, Asda, Jet2, NHS Digital, and major banks. Leeds provides unique access to the beautiful Yorkshire dales, Peak District and local green spaces.
Day-to-day, you’ll use your analytical skills to deliver assessments and understand any risks these firms might pose. You’ll share your findings with the wider internal team and work closely with senior leaders across the UK and international Insurance firms. Everything you do will help to ensure our supervisory strategy is being implemented. 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 challenges / priorities.
Strong stakeholder management skills, ability to build and maintain relationships at all levels, and to influence and challenge where appropriate.
An active participation in diversity and inclusion initiatives within your team, department or organisation [CF1]
The Bank values diversity and inclusion – we want to reflect the society we serve better; We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff run networks.
We are fully committed to having a diverse and inclusive working environment and are open to considering how the role might be carried out with flexible working. This role is therefore open to job shares, flexible and part time working patterns.
Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. We expect colleagues to spend a minimum of 40% of their working time in the office per month. We are a member of the Disability Confident Scheme
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.
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.