Second, MPT and MTSR are working to enhance the functioning of capital buffers through their support for aspects of the UK’s ‘Capital Review’– the high-profile initiative to review capital requirements with a view to making improvements to support economic growth by improving their effectiveness, efficiency and proportionality. Coming out of the Capital Review, FPC and PRA have agreed a radical agenda for the reform of buffers to improve buffer usability – both via measures to be pursued domestically (eg systemically important banks buffers) being taken forward by MPT, and in a medium-term vision for buffers more generally being taken forward by MTSR.  

The roleholder’s primary responsibility over the next year and more will be supporting both Teams deliver these tracks. They will provide high-quality technical and policy analysis, and develop well-underpinned and broad-based evidence. They will work inclusively with colleagues across the Bank to use those to develop sound insights, policy recommendations and draft policy papers and documents.

The roleholder will possess or develop quickly a strong grasp of aspects of banks’ capital requirements. This includes how micro- and macro-prudential aspects of the risk-weighted, leverage ratio and gone-concern requirements work and are implemented in practice.  

The roleholder will communicate well in written form and orally. They will explain well technical concepts, findings and analytical methods to a wide range of stakeholders.  

As priorities evolve in PFD going forward, opportunities may also arise in due course for the role holder to join other projects of interest within our Division or in cross-Bank settings, and/or assume coaching or mentoring responsibilities for more junior colleagues, depending on experience, development plans and career interests.  

In case other similar vacancies become available within PFD in the next 6 months, we will offer candidates the opportunity to express interest in those without readvertising. At present, PFD has advertised a number of other Scale F vacancies – candidates are welcome to apply for multiple vacancies in the Division if of interest.

Number of direct reports: 0

Role Requirements

Minimum Criteria

• A professional track record in using principles, ideas or concepts drawn from economics or finance to analyse macro-economic, macro-financial, markets, prudential or financial stability issues (e.g. risks or policies).
• Analytical capability, including experience of producing and interpreting quantitative (eg working with statistics, econometrics, or modelling methods) and qualitative evidence to identify key issues and insights to inform evidence-based policy recommendations.
• Ability to work effectively with colleagues from different disciplines and backgrounds to solve problems and deliver outcomes.
• Ability to use data/information to draw conclusions and communicate complex issues and findings in a clear and accessible way to support policy development and decision-making, both in writing and verbally.

Essential Criteria

• Strong stakeholder management and influencing skills, including the ability to build consensus, navigate differing perspectives and engage effectively with senior stakeholders.
• Demonstrable ability to prioritise effectively, manage competing demands and deliver high-quality outputs to demanding deadlines.
• Ability to develop technical expertise and apply it to influence policy development, decision-making or broader organisational thinking, particularly in complex or uncertain situations.
• Ability to understand how individual policy issues contribute to wider prudential, macroeconomic, financial stability and organisational objectives.

Desirable Criteria

• Knowledge of prudential regulation, financial stability issues, banking business models or prudential supervision.
• Experience of international policy development or engagement with international standards.
• Good understanding of liquidity, capital, markets, payments or other prudential risk frameworks.
• Experience of working on issues involving significant uncertainty or evolving regulatory frameworks. 

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

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.

Salary circa £50,320 - £56,000. 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