Bank of England
Executive Director, Prudential Policy
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Executive Director, Prudential Policy Directorate
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 5,000-plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
Within the Bank, the Prudential Regulation Authority (PRA) is the UK’s prudential regulator of banks and insurance companies, focused on promoting firms’ safety and soundness, protecting insurance policyholders, facilitating effective competition and supporting the long-term growth and competitiveness of the UK economy.
Directorate Overview
Prudential Policy Directorate (PPD) is responsible for designing, negotiating internationally and implementing effective prudential regulation. Through this work, PPD seeks to reduce systemic risk, promote the safety and soundness of PRA-regulated firms, and ensure appropriate protection for insurance policyholders. Importantly it seeks to achieve this whilst supporting effective competition within the UK financial sector, while contributing to the UK's international competitiveness and growth.
PPD supports both the Prudential Regulation Committee and Financial Policy Committee in fulfilling their objectives.
Job Description
The Executive Director (ED), PPD is a highly visible and influential leadership role within the PRA, the wider Bank and externally (both in the UK and internationally). The role holder is responsible for leading a large, multidisciplinary policy function comprising over 250 staff, working across five divisions: Banking Capital Policy; Prudential Framework; Governance, Accounting, Resilience and Data; Insurance Policy, and Strategy and Policy Approach. The role holder sets the strategic direction for the directorate and ensures the delivery of high-quality prudential policymaking and the maintenance of the PRA’s Rulebook - the PRA’s central repository of prudential requirements and guidance for firms it regulates - in a way that supports the PRA's statutory objectives. The role holder also works closely with an extensive set of senior stakeholders across the Bank, government, international institutions and industry.
The ED reports to the Deputy Governor and CEO for the PRA, Katharine Braddick.
Key Responsibilities
Strategic Leadership
- Set and communicate a clear vision and strategy for the directorate.
- Lead and develop a large, diverse team of policy professionals and leaders.
- Create an inclusive, high-performing culture that empowers colleagues and supports continuous development.
- Drive cultural change and organisational transformation where required.
Policy Leadership
- Oversee the development and delivery of prudential policymaking and delivery across the banking and insurance sectors.
- Ensure policy decisions are evidence-based, proportionate, practical and demonstrably aligned to the PRA's objectives, both primary and secondary.
- Provide strategic direction on complex regulatory and policy issues.
- Ensure the directorate responds proactively to emerging risks and developments in the financial system.
Stakeholder Influence
- Build trusted relationships with senior stakeholders across the Bank, PRA and wider financial sector.
- Engage with HM Treasury, the Financial Conduct Authority, international standard setters, overseas regulators and industry leaders.
- Represent the Bank externally through high-profile engagements, speeches, conferences, industry forums and international standard setting bodies.
- Support decision-making by the Prudential Regulation Committee and Financial Policy Committee.
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Enterprise Leadership
- Contribute as a member of the Bank's senior leadership community.
- Collaborate across functions to deliver organisational priorities and strategic objectives.
- Act as a role model in promoting the Bank's values and leadership expectations through personal example.
- Support a culture of inclusion, innovation and accountability.
Role Requirements
Minimum Criteria
Leadership experience
- Significant experience leading large, complex organisations or functions.
- Demonstrated ability to develop senior leaders and build high-performing teams.
- Proven track record of leading through change while maintaining engagement and delivery.
Strategic and analytical capability
- Strong analytical skills and experience navigating complex policy, regulatory or risk-related issues, with the ability to provide strategic direction on emerging prudential risks.
- Ability to make sound judgements in uncertain and fast-changing environments.
- Experience setting direction across large-scale programmes or portfolios.
Sector knowledge
- Deep understanding of financial services, regulation, supervision, risk management and/or public policy.
- Knowledge of banking, insurance and /or broader financial system dynamics.
- Ability to quickly assimilate complex technical issues and provide strategic direction.
Essential Criteria
- As a member of the Bank’s executive team, the role holder will be expected to contribute to the development of the culture and practices of the Bank as a whole, including by role modelling a strong commitment to the Bank’s mission and values. The Bank is committed to diversity, and inclusion is at the heart of its values; the ED will share that dedication.
- Excellent interpersonal skills and influential engagement with a wide range of stakeholders: the role-holder will interact with a very wide range of individuals including from the PRC, FPC, HMT, FCA, IMF and other international bodies, regulators in other jurisdictions, parliamentarians, regulated firms, trade associations, civil society and academia.
- Excellent communication skills: the role-holder will deliver speeches, interviews, panel discussions, briefings and interviews to the media on the PRA’s operational and financial resilience agenda. They will also represent the PRA before Parliament, including at Select Committee hearings, where they will need to explain the PRA’s approach and decision making. Therefore, they will need to be able to engage with, and articulate, complex concepts to a very wide range of audiences, both technical and non-technical.
Desirable Criteria
- Detailed experience and understanding of financial regulation and the PRA’s supervisory model and approach.
The Bank of England
The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff run networks.
As part of our commitment to expand our presence across the UK, this role can be based in either our London or Leeds office.
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Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 1st October 2026 we expect colleagues to spend a minimum of 50% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
We are also committed to making adjustments for candidates and employees where possible and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident Scheme [https://www.gov.uk/government/publications/disability-confident-guidance-for-levels-1-2-and-3/level-2-disability-confident-employer].
The Application Process
This role closes on 28 October 2026.
We are working with Executive Search firm Moloney Search, please do not apply here, please submit a copy of your CV and a cover letter explaining your suitability to boe@moloneysearch.com
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.
From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
Finally, we're proud to be a member of the Disability Confident Scheme [https://www.gov.uk/government/publications/disability-confident-guidance-for-levels-1-2-and-3/level-2-disability-confident-employer]. 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
This role offers a competitive salary and 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
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