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About the Role

The Bank of England's Court of Directors is seeking to appoint a new independent member to the Financial Market Infrastructure Committee (FMIC). The FMIC governs the Bank of England's work on financial market infrastructure, including supervision and policy for payment systems, central counterparties, and central securities depositories. This role offers a unique opportunity to contribute to a once-in-a-generation modernization of money and markets, especially given the current technological change and innovation.

Responsibilities

Providing independent challenge, perspective and insights across the breadth of the FMIC’s policymaking and supervisory remit.
Contributing an understanding of the broader context to FMIC discussions.
Providing oversight of the FMIC’s strategy and delivery.

Requirements

Strong and proven financial sector knowledge and experience at a senior level.
Experience necessary to make independent decisions.
Demonstrated financial sector expertise operating at a senior level in or in relation to financial services organizations, ideally financial market infrastructure firms.
Strong leadership skills.
Strategic mindset.
Readiness to take tough decisions and stand by them.
Ability to absorb large volumes of complex information and reach reasoned and robust conclusions.
Independence of thought.
Interpersonal skills to exert influence within the FMIC providing robust challenge whilst working closely and constructively with FMIC members.
Excellent communication skills.
Undisputed integrity and standing.
No reservations about meeting the requirements of the Bank’s Code of Conduct and the Conflicts Code for the FMIC.
An understanding of how regulation can enable responsible innovation and/or influence regulatory approaches in other jurisdictions.
An understanding of how financial infrastructure firms effectively implement and maintain technology infrastructure, and the opportunities and risks that technological developments may pose for the industry and regulators.
An understanding of how policy is developed and implemented, including the theory of regulation.

Skills

Decision-making skills
Analytical ability
Independence of thought
Interpersonal skills
Communication skills

Location

United Kingdom

Work Type

Full-time
Part-time

Experience Level

Senior level

Salary/Compensations

£31,500 per annum

Benefits

Reasonable expenses will be paid in accordance with Bank policies.

About the Company

The Bank of England sits at the heart of the UK’s economy and financial system.
Its mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.
We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.
Our mission is to promote the good of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe.
We know our work matters to people, to families, up and down the UK.
We are driven by curiosity and the desire to do important, challenging work.
It takes a great team to run the Bank of England. We rely on each other to play our part.
We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives.
We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.
There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
Join us and find a bank like no other. Together, we can make a difference.

Equal Opportunity

The Bank of England values and promotes diversity and is committed to equality of opportunity.
We believe that drawing on different perspectives, backgrounds and experiences supports effective decision-making and better outcomes for the public.
Appointments will be made on merit following a fair and open process.
The Bank values diversity, equity and inclusion.
We believe that 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're proud to be a member of the Disability Confident Scheme.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance.
As such, our ability to employ individuals who require sponsorship for immigration purposes is limited.
The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful.
Eligibility will therefore be considered on a case by case basis.