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Director, pra strategy, risk & operations

Leeds
Permanent
Bank Of England
Director
Posted: 6h ago
Offer description

About the role

The Director for PRA Strategy, Risk and Operations Directorate, reporting to the PRA CEO, is responsible for PRA's governance and controls, supervisory assurance, risk, data and COO functions. The Director plays a central role in preparing and getting agreement to the PRA's business plan and budget and this will be a particularly important part of the role in the coming period. Alongside ensuring the smooth operation of these core functions, the successful individual will also be responsible for the development of the PRA's next five-year strategy and co-ordinating its implementation.

The role-holder will be a member of the PRA's Supervision, Risk and Policy Committee (SRPC) and will be a frequent presenter to the PRA's Prudential Regulation Committee (PRC).

The Director will lead a Directorate of around 130 staff. Given the central role that SRO has, the role will involve substantial engagement with senior colleagues across the PRA and wider Bank, and will drive change across the organisation requiring credibility and influencing skills.

This is a people management role. You will be responsible for day-to-day management of the team and for defining roles and responsibilities. You will develop your team through coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

Role requirements

Minimum criteria

Senior leadership experience in governance, risk management, operational strategy, or supervisory assurance within a complex organisation.
Proven ability to lead large, multi-disciplinary teams, with a strong track record in people management, coaching, and performance development.
Experience in the prudential supervision and/or regulation of financial institutions.
Strong stakeholder engagement and influencing skills, with the ability to build credibility and drive change across senior levels of an organisation.
Excellent communication and presentation skills, with experience presenting to executive committees and/or governance boards.
A track record in driving change to support equity, diversity and inclusion and making the Bank a great and fulfilling place to work, including by being a role model at creating psychological safety and exemplifying the Bank's human and humble behaviours.

Desirable criteria

Deep understanding of organisational controls, data strategy, and/or operational delivery in a regulatory or public sector context.
Experience developing and/or implementing strategy across a large organisation.
Deep understanding of corporate and operational functions, including business planning and financial management.

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

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.

This role offers a competitive salary.

In addition, 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.

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 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.

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 assessment process will comprise of two interview stages and a psychometric assessment for those that are progressed to the second stage interview.

This role closes on 23:59 on 31 st October 2025 .

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 complete .

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