Policy Adviser

3 weeks ago


London, United Kingdom Bank of England Full time

**Policy Adviser - Market Intelligence Delivery Team**

**-**
**(**
**008561**
**)**

**Primary Location** UK-ENG-London

**Job** Market Operations

**Organisation** 459000 - MARKET INTELLIGENCE& ANALYSIS DIV

**Job Posting** 03-Mar-2023, 5:36:47 AM

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, made up of approximately 4,000 people - each committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Markets Directorate promotes monetary and financial stability by leading the Bank's market operations, and by using our presence, expertise and influence in financial markets to inform and shape the Bank's policy decisions and priorities.

The Markets Directorate includes 6 Divisions:

- Sterling Markets
- Foreign Exchange
- Market Intelligence
- Financial Risk Management
- Middle Office
- Markets & Banking COO

Within Markets, Market Intelligence & Analysis Division (MIAD) leads on a significant element of the Directorate’s analytical and research outputs. It is uniquely situated in dealing room, and maintains a broad network of financial market contacts. We combine data analytics, economic modelling, research and market intelligence to advise and influence MPC and FPC policy makers. We input to the design of the policy tools required to implement the BOE's mission through financial markets. We also support work on medium-term structural issues in financial markets. Staff in MIAD work closely with colleagues in other Directorates (in particular Monetary Analysis, Financial Stability Strategy and Risk, International, Prudential Policy and the PRA).

Within MIAD, the Market Intelligence Delivery Team (MIDT) supports the Bank’s Market Intelligence (MI) mission. MI is information collected from a large global network of contacts to facilitate our understanding of international and domestic financial markets, and to inform its monetary, financial stability and supervisory policy decisions.

We ensure that MI is focused, relevant, analytically thorough, and disseminated to improve its impact. As well as collecting MI ourselves, we:
- Coordinate financial market monitoring;-
- Develop and monitor rolling priorities for MI, based on consultation with MI teams, and interested colleagues and customers around the Bank;-
- Support MI teams and gatherers in Markets. As part of this, we provide that staff are well trained and prepared to talk to contacts, while mitigating the inherent risks;-
- Arrange and run forums to promote MI outputs, and debate and discuss market developments in an open and inclusive way;-
- Actively work to increase the diversity of our MI contacts, including through the Meeting Varied People (MVP) initiative;-
- Support the Markets Executive Director and MIAD HoD in their MI interactions with senior global market contacts, through Horizon Rounds in London and internationally, and via other markets forums;-
- Provide MI and analysis to support analytical projects across Markets and the broader Bank;-
- Provide briefing on current financial market themes and conditions, to Policy Committees and other senior colleagues. We also talk to external organisations, including other major central banks and HM Treasury, to brief them on market develloopments, and to exchange insights gained through MI.We are looking for a Policy Manager to join the team. Principal activities will include:
- Being a member of the MIDT management team, with responsibility for line management of a small analyst cohort. Contributing to all aspects of team management: for example, strategy & direction setting; work stream allocation & forward planning; staffing; training; & compliance.-
- Leading analytical work (sometimes across Directorates) to deliver analysis to senior policy makers including FPC and MPC.-
- Taking on a front-line role as an MI gatherer, building relevant financial markets knowledge and skills in engaging professionally with a wide range of external contacts; gathering feedback on MI activity and promoting the work of the MI Division.-
- Managing one or more MI teams, taking the lead in setting that team’s strategy, directing and participating in thematic MI rounds and drafting and disseminating outputs to senior stakeholders.-
- Providing MI Division insights / synthesised views into a range of outputs (including ad-hoc requests e.g. briefings).-
- Providing briefing for, and attending, senior-level MI meetings in the UK and internationally, including crafting the agendas for such meetings.-
- Preparing briefings for the MPC, FPC and other Committees on relevant financial market developments, and their implications for policymakers, including presenting to these Committees.-
- Supporting the team’s priorities and initiatives, including implementation of Meeting Varied People, and the


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