Executive Director, Monetary Policy
The Role
The Bank of England is seeking an exceptional leader to join as Executive Director for Monetary Policy. This role is at the heart of UK monetary policy, providing intellectual leadership and operational oversight to ensure world‑class analysis and advice for the Monetary Policy Committee (MPC). You will report to the Deputy Governor for Monetary Policy and work alongside the Bank’s Chief Economist.
Key Responsibilities
* Provide strategic leadership for the Monetary Policy Area of the Bank, setting vision and priorities for analysis and advice to the MPC.
* Lead the Monetary Policy Transformation Programme in response to the Bernanke Review, modernising analytical capabilities, championing new modelling approaches and embedding innovation.
* Represent the Bank externally, explaining analytical frameworks, key judgments, risks and trade‑offs that inform MPC decisions to a wide range of audiences.
* Build and lead a diverse, high‑performing area, fostering a culture of inclusion and continuous improvement. Inspire confidence and clarity of purpose across staff and stakeholders, attracting, developing and retaining talent across a staff of around 300 people and a budget of circa £40 m.
What We Are Looking For
* Expert knowledge of macroeconomics and monetary policy with a track record of policy‑relevant analysis.
* Inspiring and empowering leadership of large teams, delivering to very high standards and on short, medium and long‑term timelines.
* Exceptional economic judgement and influencing skills.
* Commitment to diversity of thought and inclusion, with a leadership style that develops others, encourages constructive challenge and collaborates.
* Strong communication skills, with the ability to represent the Bank at senior levels with a wide range of stakeholders.
Why Join Us?
This is an opportunity to shape the future of UK monetary policy at a time of significant economic change. You will work at the heart of the Bank’s mission, alongside world‑class experts, in an environment that values challenge and collaboration.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We aim to build an inclusive culture that supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status.
Salary and Benefits
* Competitive salary and a comprehensive benefits package: non‑contributory pension, discretionary performance award, 8 % benefits allowance, 26 days annual leave with option to buy additional days, private medical insurance and income protection.
* Flexible working arrangements are encouraged.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (typically 6‑12 weeks post‑offer) and additional Bank security checks. Information about the vetting and how the Bank processes personal data will be provided to the successful applicant.
Application Process
Please complete the online application, ensuring that you fill out the work history and all mandatory application questions. The assessment will comprise two interview stages and a photometric assessment. The role closes on 23:59 on 6th January.
Seniority Level
Director
Employment Type
Full‑time
Job Function
Finance
Industries
Public Policy Offices
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