I am currently recruiting for a Senior Policy Manager with the Bank of England.
- Day to day responsibility for shaping the Bank’s negotiating position, and co-ordinating with HMT and FMID, on the EU’s draft CCP Recovery and Resolution Regulation, which is currently being considered by the EU Council and European Parliament;
- You will personally lead the resolvability discussions with UK clearing houses, including taking responsibility for the annual Crisis Management Group meetings for LCH Ltd. and ICE Clear Europe. You will represent the Bank at CMGs of overseas CCPs;
- You will be responsible for briefing to Governors on FSB matters relating to CCP resolution and on bilateral work with US agencies;
- You will be the policy lead on at least one of the workstreams contributing to RD development of a published framework for assessing resolvability. This will involve shaping the way in which banks will be required to assess themselves against certain resolvability standards (e.g. their ability to show they can retain access to FMIs when in resolution);
- Management of c. 4-6 staff in addition to leading project teams, including motivating, managing and developing staff to reach their potential;
- The jobholder should have an interest in how the Bank contributes to UK financial stability through the Special Resolution Regime (SRR). All team members need a solid grounding in financial and bank analysis, project management skills, strong interpersonal skills and will need to understand (or be willing to develop an understanding of) the Banking Act 2009, EU Bank Recovery and Resolution Directive and the FSB’s work on ending too-big-to-fail.
The ideal candidate would have the following skills and experience:
- Experience of national or international policy design and development and negotiation;
- Experience of either prudential or conduct policy;
- Experience with international resolution regimes and legal frameworks, in particular the US or major jurisdictions, would be advantageous;
- Ability to inspire, and if necessary to lead a small and highly professional resolution team, to hold together a network of RD staff and (potentially) external advisers with specialist knowledge and skills, and aptitude to motivate, manage and develop staff;
- Strong analytical skills and an aptitude deliver and oversee robust evidence-based analysis. The jobholder should be able to analyse complex issues quickly, propose solutions (including less conventional ones) and adapt quickly to changing circumstances;
- First-rate communication skills (both oral and written), with the ability to get messages across clearly and concisely to all levels of staff and external stakeholders.