Bank of England
Senior Analyst, Financial Risk in FRMD Climate Risk
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Senior Analyst – Climate Risk Team
Financial Risk Management Division (FRMD) • Bank of England
About the Role
Would you like to work on the forefront of incorporating climate risks into central banks’ market operations? Are you passionate about mitigating financial risks associated with climate change and supporting the Bank of England’s balance sheet resilience? Join a diverse, high-impact team of risk and climate experts dedicated to shaping internationally leading practices in central banking.
The Climate Risk Team sits within the Markets Directorate, focusing on quantitative risk analysis to address climate-related financial risks across the Bank’s operations. The team delivers critical work to:
- Assess and quantify material climate-related financial risks across sovereign and institutional counterparties.
- Develop mitigation strategies, including adjustments to collateral haircuts and credit risk assessments to offset climate exposure.
- Draft the Bank’s annual Climate Disclosure on financial operations.
- Collaborate with global central banks (via the Network for Greening the Financial System) to expand best practices in climate risk.
This leadership opportunity，based in Leeds， provides purpose-driven work at the intersection of finance, policy, and climate science—contributing directly to the Bank’s mission of monetary and financial stability.
Your Responsibilities
You will contribute to the team’s core priorities, including but not limited to:
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Climate Risk Quantification
- Model and measure the financial impact of climate risks on sovereign and financial institution counterparties.
- Incorporate forward-looking scenarios (e.g., transition risks, physical risks) into quantitative frameworks.
- Guide Bank policies by identifying systemic vulnerabilities in market operations.
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Risk Mitigation & Strategy
- Propose adaptive solutions (e.g., collateral valuation, stress testing frameworks) to offset climate-related financial risks.
- Support counterparty credit risk assessments with climate-adjusted metrics.
- Collaborate with internal/economic teams to align risk models with macroeconomic expectations.
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Reporting & Disclosure
- Lead contributions to the Bank’s annual Climate Financial Risks disclosure.
- Present findings to senior executives, policymakers, and international stakeholders.
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Networking & Policy Influence
- Work with peers in the Network for Greening the Financial System to align the UK with global standards.
- Advise on communications to disseminate insights (e.g., research, policy briefs) to decision-makers.
About the Team
- Cross-disciplinary expertise: Climate scientists, econometricians, credit analysts, and policy specialists.
- Adaptive and collaborative: Work involves stakeholder engagement across FRMD, bank divisions, and international forums.
- Part-of-a-mission: Save financial stability from climate change.
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Eligibility and Support
Salary & Benefits
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Competitive salary: £50,320 – £56,610 Annual tax and finances
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Inclusive benefits package:
- Contributory pension: Pension accrual up to 1/80th of salary, with options to adjust for salary in the Flexible Benefits Programme.
- Performance awards: Discretionary pools to recognise excellence.
- 8% benefits allowance: Exchangeable for salary or wide-ranging provisions (e.g., extra leave, professional development).
- 26 days leave + option to purchase 12 extra days via benefits.
- Private medical & income protection insurance.
- Flexible working (pro-rated part-time options; hybrid wide-starting from 40% office presence).
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Flexible workplace: Structured to support work-life balance. The Bank upholds a flexible work policy under hybrid arrangements (e.g., back-to-the-office commitment usually 2-4 days per week, to be negotiated).
Inclusion & Diversity
The Bank of England is equal opportunities—promoting an inclusive culture where all identities are valued. We:
- Actively engage accessibility & workforce diversity, from applicants to performance reviews.
- Accommodate neurodiverse and disabled talent through partnerships with external adjusters.
- Implement justice as an architectural pillar of fairness during recruitment. Successful candidates who disclose reasons for support are legally entitled to reasonable adjustments during interviews.
- Accept applications from employees operating within job share or part-time frameworks.
- Join the UK Security Vetting Programme (AS débit à 7-efficacy profiling) as a legal requirement. This process often places a successful candidate on a waiting list of a minimum of 8–12 weeks post-interview.
Application and Initiation
Security & Data Protection
- This role mandates the successful applicant **pass security clearance** and undergo a formal perusal through UK Visas and Immigration’s full immigration controls. Post-offer, this may demand any necessary affiliation. - All personal identifiers provided through the application process are subject to the Bank of England’s **Privacy Notice**, which allows controlled access for clearance procedural use.
Eligible candidates please note
- Candidates working from abroad may experience limitations due to UKVI’s role as a visa sponsor. However, consideration will remain open to ** projet-regulated immigration schemes**.
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** Requirement Criteria**
By experience, your credentials should meet minimum standards for analysed forecasts—haircuff your careers against ambitions or grace points:
- Proven performance in high-quality analytics, including facilitating innovative solutions to complex multidisciplinary challenges.
- Bridge at least one field:
- Financial/econometrical/climate modelling (e.g., scenario analyses, risk quantification).
- Data science with programs in Python actively applicable. Familiarity with big data tools is a clear advantage.
Critical added dimensions:
- Clarity with stakeholders: Distilling intricate issues into digestible formats for various departments and audiences.
- Able to make decisions under uncertainty: Deploy creative analytical problem-solving skills when affected by weak predictive signals.
Exceptions and critical support for excellence that stand out:
- Technical acumen in financial risk quantification—a la sovereign/market stress-testing methodologies.
- Deep expertise in climate risk—ex-linkmakink from quantifiable scenarios.
- Comprehensive knowledge of UK/EU climate regulatory and disclosure landscapes like TCFD, SFDR, and EU SFDR classifications.
Application Timeline
- Closing Date: 14 July 2026
- Format expectations: Submit both work history and mandatory application questions through the online portal. Unanswered expected guidelines (e.g., degree requirements) will disqualify your consideration.
How to Submit
Required documents:
- Online form completion. Please ensure that all mandatory fields are correctly addressed, as they will determine continuation into assessment.
- Writing recommendations may be requested at the interview stage to further scrutinize.
We value all identities. Organizations from diverse academic and professional backgrounds are actively encouraged.
About the Employer
We are the uniquely independent institution underpinning the UK’s economy—keeping prices stable and safeguarding your money.
Our vision powers those around you. We draw strength from:
- curiosity-diving deep into economics, technology, and society.
- expertise at the crossroads: At this institutional level, our teams execute critical work concerning the fates of families, markets, and generations.
- proud team values: Cultivate a culture where you can bring your whole self—to further equity, balance, and collaborative curiosity.
Including the horizontal financial system resilience moser exits.
Become Part of a Bank Like No Other. Transform economics by steering from the leading edge. Let’s make a real difference—together.
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