You will:

• Lead reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks.
• Assess key risks to firms' capital positions and provide recommendations that inform regulatory capital decisions.
• Deliver both qualitative and quantitative analysis of firms' business models, risk profiles and resilience.
• Engage directly with senior executives and Board members, providing technical challenge and discussing firms' capital positions, risk profiles and resilience plans.
• Produce clear, evidence-based assessments and present findings to senior colleagues and decision-making forums.
• Support the implementation of major prudential policy developments, including Basel 3.1 reforms and other developments affecting banking capital requirements.
• Provide technical input to newly authorised and growing banks as they develop their capital frameworks and planning capabilities.
• Contribute to the PRA's understanding of vulnerabilities and emerging risks across the sector through analytical work, including assessment of how firms across the sector may be affected under adverse economic conditions.
• Help develop analytical tools, methodologies and approaches used to assess capital adequacy across firms.
• Support and develop colleagues through coaching, mentoring and technical leadership.

Wider Contribution

Depending on your skills and interests, you may also contribute to:

• Enhancing how data, analytics and technology are used in prudential supervision.
• Developing analytical methodologies and frameworks used to assess resilience under a range of economic conditions.
• Assessing the implications of emerging prudential policy developments for firms and supervisors.
• Identifying cross-firm trends, risks and vulnerabilities across the banking sector.

Role Requirements

Minimum Criteria

• Experience gained within financial services, prudential regulation or a related professional environment.
• Knowledge of banking, financial risk management, prudential regulation or capital adequacy concepts.
• Strong analytical skills, with the ability to interpret complex financial information, exercise sound judgement and draw well-supported conclusions.
• The ability to understand and assess detailed quantitative and qualitative analysis, including material related to firms' capital planning and risk management.
• Effective written and verbal communication skills, with the ability to adapt communication style to different audiences.
• A proven track record of delivering high-quality work and managing competing priorities effectively.
• A collaborative approach and commitment to supporting colleagues and contributing to an inclusive working environment.

Essential Criteria

• Strong technical knowledge and practical experience relating to banking capital, capital adequacy assessments, ICAAP, capital planning, prudential risk or closely related disciplines.
• Experience assessing, developing, challenging or applying capital adequacy frameworks, capital planning processes, ICAAPs, regulatory capital requirements or related prudential risk management practices.
• Experience working with internal capital adequacy assessments (ICAAPs), regulatory capital frameworks, banking balance sheets, capital management processes or equivalent prudential disciplines.
• Strong stakeholder management skills, including experience building credibility with senior internal and external stakeholders.
• Strong written and verbal communication skills, including the ability to translate complex technical subjects into clear and accessible messages for both specialist and non-specialist audiences.
• Experience leading technically demanding analytical work and taking ownership of delivery.
• Sound judgement and the ability to make proportionate, risk-based decisions in situations involving incomplete or complex information.
• The ability to construct and defend evidence-based conclusions and challenge appropriately where required.
• Strong organisational skills, including the ability to prioritise effectively and deliver high-quality outputs to demanding deadlines.
• A commitment to continuous learning, professional development and sharing knowledge with others.

Desirable Criteria

• Experience conducting, reviewing or challenging ICAAPs, capital adequacy assessments or prudential reviews.
• Experience of banking stress testing, scenario analysis, balance sheet modelling or capital forecasting.
• Experience engaging with senior stakeholders such as Chief Financial Officers, Chief Risk Officers, Treasurers or Executive / Board-level committees.
• Knowledge of UK or international prudential capital frameworks, including Basel standards and their implementation.
• Experience using data analytics, modelling, coding or other analytical tools to support financial risk assessment.
• Experience of supervision, regulatory policy, consultancy or audit work in prudential risk, capital or treasury-related areas.
• A keen interest in improving analytical approaches, processes and ways of working.

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-