PRA Strategy, Risk & Operations Directorate is central to the delivery of the PRA's strategy by facilitating, challenging and assuring the PRA's work, as a peer and partner. Acting as a centre of operational excellence - partnering with the business and central functions of the Bank to ensure the PRA is equipped to deliver its objectives and evolving regulatory remit. Facilitating the measurement, aggregation and comparison of risks in a clear and coherent way, to enable the PRA to respond to changes in risk dynamically and to drive decisions on prioritisation, business planning and resourcing. Maintaining the integrity of the PRA's decision making framework and supervisory approach, including challenging and assuring the quality of supervisory practices and judgements. Supporting the delivery of the PRA's objectives through the publication of its internal and external communications. The directorate is also responsible for maintaining the PRA's overall strategy by overseeing the delivery of the PRA's Strategic Review Workstreams. The Directorate is split into three divisions: PRA Chief Operating Officer's Division (COO) COO has a broad range of responsibilities including, amongst other things, supporting the operations of the PRA's directorates, supporting the delivery of the PRA's investment portfolio, business planning and budgeting, performance reporting and production of management information, and delivering the PRA's publications. PRA Governance and Controls Division (G&C) G&C provides the secretariat function for PRA Committees and deals with complaints made against the regulator. It owns the PRA's supervisory approach, ensuring clear and consistent expectations and supports the supervisory directorates with management information to enable clear compliance. It is also product owner for the technical platform used by supervisors, ensuring that it reflects the requirements of supervision. PRA Risk and Assurance Division (RAD) RAD reports on the quality and effectiveness of supervision through firm specific and thematic reviews with the aim to promote high quality, forward looking and judgement led supervision. It assesses and reports on the PRA's own operational risks and the sector risks that firms are managing with the aim to strengthen the linkage between our risk identification, setting the PRA's policy and supervision priorities and resourcing decisions. It also provides a central resource that is deployed on crystallising risks and other organisational priorities. Job description The Risk Framework Team (RFT) is responsible for implementation of the risk management framework covering how the PRA monitors and manages its current and emerging external (firm and sector) risks and internal operational risks. Following a recent review of how the framework has been applied, the Sector Team is leveraging its role as a central team with a cross-PRA view of the risk landscape to work with Supervision and lead on implementing a new sector risk taxonomy, enhanced reporting for SRPC and PRC and holding the first PRA-wide Risk Committee. We are recruiting for a Manager at an exciting time to lead this evolution of the Sector Risk Team. Through representing SRO at supervisory directorate Risk Committees, delivery of impactful reporting on sector risks to the PRA's senior leadership (SRPC and PRC), the Manager will have the opportunity to provide thought leadership, drive the risk agenda and deepen relationships with colleagues working on sector risks across the Bank. RFT is a dynamic team and there will be opportunities to support the team's broader work to embed an effective risk management culture throughout the PRA. Role Requirements Minimum Criteria Leadership skills - experience of leading teams and a track record of setting strategy, driving progress, proactive prioritisation, delivering through others and fostering a kind, inclusive and curious environment for discussion. Management skills - evidence of an approach to management which improves diversity, creates an inclusive culture, and motivates teams with a variety of different backgrounds to bring out the best in and developing the talents of each individual Analytical skills - a track record of risk identification and practical, policy-relevant insights Communication skills - able to effectively summarise information from different sources and produce clear and concise written and verbal communication Influencing skills - experience in engaging, influencing and challenging senior stakeholders at a senior level. Collaboration skills - a track record of delivering change, collaborating with other teams, making connections between workstreams, or in creating a better place to work. Desirable Criteria Experience of sector risk reporting and risk management tools e.g. Risk Registers and Risk Committees Understanding of the PRA supervisory approach Understanding of the Bank/PRA position on the broader risk and policy landscape 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 sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness Number of direct reports: 2 ___ 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. 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 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.