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Senior Manager, Supervision in LBG TEAM

Employer
Bank of England
Location
Leeds, West Yorkshire, United Kingdom
Salary
Competitive Salary
Closing date
Nov 11, 2024
View more categoriesView less categories
Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Description

The UK Deposit Takers (UKDT) Directorate of the Bank of England’s Prudential Regulation Authority is central to maintaining UK financial stability and interacts with areas across the entirety of the Bank. It is an especially exciting time to work in UKDT as we help firms navigate a fast-paced external environment, a changing regulatory landscape in the UK and significant issues facing the industry, including climate change and the development of fintech based business models.

Job Description

We are looking for a Senior Manager (Scale D) on a team supervising a major banking group within the Domestic Systemically Important Banks (DSIBs) Division in UKDT. This is a leadership and people management role. It represents an excellent opportunity for an experienced manager. This is a full-time role, but we are open to different types of working arrangements including part time and job shares.

This role reports to the Team Lead and the role holder will form part of the leadership team for the Supervision Team and for the D-SIBs Division.

The successful applicant will be responsible for developing and executing the strategy in relation to business model and credit risk, operational risk and resilience, governance and remuneration, and wider coverage of risk management and internal audit within the firm. They will also contribute actively to the overall management and strategy of the team and to managing issues across the team as a whole.

With two direct reports and a sub-team of six, you will be responsible for day-to-day management of defined portfolios within your 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 Supervisory Strategy. 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. Working with the Team Lead and another Senior Manager, you will develop and execute the agreed Supervisory Strategy, facing off directly to senior stakeholders at the firm on the issues for which you are responsible.

You will also play an active role as part of the leadership team within the D-SIBs Division working closely with the HoD and other senior managers. The performance of the firms we supervise are a bellwether for the UK economy and we liaise regularly with other stakeholders across the Bank, providing intelligence on the impact of policy and identifying early indicators of trends and issues.

Role Requirements

All senior managers in UKDT are responsible for:

Leading their supervision teams which may consist of a single or portfolio of firms, ensuring the effective delivery of forward-looking, risk-based, and judgment-led supervision;
  • Agreeing the annual strategy for individual firms, in line with the Supervisory Risk Framework; and setting the overall work-plan;
  • Providing line management of direct reports (Scale E managers) and leadership for a team of Scale E / F and G supervisors, including agreeing smart, stretching work and development objectives that are aligned to the work-plan of the team, Division, and Directorate;
  • Maintaining strong and effective working relationships with the senior management of firms as well as with other key stakeholders including PRA colleagues, Bank colleagues and counterparts at FCA, and HM Treasury;
  • Recruiting effectively, identifying talent, and developing the wider team through coaching and communicating a clear vision, so that the team is productive, engaged and motivated;
  • Embracing and welcoming diversity of thought, promoting diverse representation with equal opportunities and demonstrating empathy and inclusion in behaviours;
  • Playing a role in the management of the Division (supporting the HoD) and the Directorate (supporting the Directors), contributing to cross-firm work and implementation of PRA-wide policies, and priorities.

Minimum Criteria
  • Strong leadership and management skills - You should be a great people manager who enjoys supporting and developing staff with an ability to create and implement a shared vision, deliver outcomes through the work of others and set an example through effective prioritisation and with the ability to work flexibly and adapt rapidly to competing priorities; You should have an ability to take an inclusive approach to management, bringing out the best in and developing the talents of each individual given a variety of different backgrounds. You will need to do this individually for your sub-team and collectively as part of the Supervision Team's senior leadership.
  • Good judgement and analytical skills - You should be capable of understanding and articulating the prudential risks posed by a variety of banks and business models; exercise good judgement in determining effective strategies and be able to proactively identify risks. You should also demonstrate strong decision-making skills especially in high pressure situations.
  • Effective influencing and stakeholder management - You should be good at maintaining effective relationships even at times when those relationships may need to become adversarial; commanding credibility with senior management in firms and other regulators and communicating clearly (orally and in writing) to a variety of audiences.
  • Alignment with the Bank’s behaviours - You will be expected to foster a diverse, inclusive and open culture within the Division, encouraging debate and challenge amongst staff - you should be able to role-model the behaviours that engender this kind of work environment.
  • Diversity, Equity and Inclusion - You should have a track record of leading and supporting Diversity and Inclusion initiatives and encouraging others to do the same.

Desirable Criteria

You should not be put off from applying if you do not meet or do not have all of these criteria - we would actively encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be helpful in this role.
  • Previous experience of supervision or analysing financial institutions.
  • Previous experience of technical aspects of regulation, in particular those relevant to the role portfolio.

Additional Senior Manager supervisory roles in UKDT may become available during, or as a result of, this process and it is possible that we will use this recruitment process to fill any additional roles that arise.

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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 salary of, Leeds ranging from £79,010 - £91,170 and London ranging from £87,750-£101,250. 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 interview stages.

This role closes on 4 November 2024

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.

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