Deputy Head of Mpc Secretariat

2 weeks ago

London, United Kingdom Bank of England Full time

**Deputy Head of MPC Secretariat**

**-**
**(**
**008574**
**)**

**Primary Location** UK-ENG-London

**Job** Economics

**Organisation** 532000 - MONETARY ANALYSIS

**Job Posting** 10-Mar-2023, 8:48:09 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. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

**Directorate overview - Monetary Analysis**

The Monetary Analysis (MA) directorate is responsible for producing the analysis that underpins the design and setting of monetary policy by the Monetary Policy Committee. We also provide challenge to the MPC. In addition, we work with other directorates to support all of the Bank’s policy functions. To achieve our mission to “promote the good of the people of the United Kingdom by providing impartial expert economic analysis to the MPC and the Bank, and by sharing that analysis as widely and as accessibly as possible”, Monetary Analysis:

- Delivers high quality, innovative and timely analysis, and invests to ensure we can respond effectively to unforeseen events.
- Values diversity of thought, skills and experience, and fosters an environment in which colleagues continuously develop and learn.
- Seeks out and incorporates views and insights from those outside the Bank.
- Enhances the Bank’s accountability by developing new ways to publish our analysis and make it accessible to a wide readership.

**Department Overview - External Engagement Division**
The role of the External Engagement Division (EED) is to lead MA’s engagement with the outside world and the rest of the Bank. This involves the production of the Monetary Policy Report and, in conjunction with the Communications directorate, associated layers. We also run the MPC Secretariat, which manages links between MA and key areas and Committees around the Bank. The Bank’s Agency network is also part of EED, gathering intelligence from businesses and other organisations around the UK to inform policymakers and helping to get the Bank’s messages out.

**We’re recruiting for a new Scale D Deputy Head of MPC Secretariat based in the External Engagement Division of Monetary Analysis. **You’ll be taking the lead on the coordination of MPC policy meetings, drafting the MPC Monetary Policy Summary and minutes, and MPC liaison. You will also be responsible for a range of operational MPC processes, with support from a new MPC Administrator role based in EED as well as the existing MPC Secretariat team. You will report to and work closely with the Head of MPC Secretariat, and be part of both the EED and MA Management Teams.

**The Deputy Head of Secretariat will be responsible for**:

- Leading the MPC Secretariat process during MPC policy rounds, including those that coincide with the publication of the quarterly Monetary Policy Report. This comprises the planning for and coordination of the round, attending MPC policy meetings, producing the Monetary Policy Summary and minutes of the meeting in conjunction with the MPC and other Secretariat members, and de-briefing colleagues after the round.
- Helping to develop EED’s role in wider monetary policy communications, including preparations for the MPR press conference and parliamentary hearings. The successful applicant will need to work effectively with a range of stakeholders including colleagues in EED, the Communications directorate and the private offices of MPC members.
- Taking the lead in delivering the Warsh Review eight-year archiving of MPC meeting transcripts and supporting staff papers.
- Liaising with colleagues in MA and Markets working on issues relating to monetary policy tools and strategy - both economic and operational, with a particular focus on communication.
- Sharing best practice with and learning from other Bank Committee Secretariats and working with Legal and Secretary’s Department colleagues on MPC governance issues.
- Supporting the External MPC Unit from an MA perspective, including liaising with external MPC members and their supporting economists.
- Leading on business contingency planning for MPC policy meeting processes including liaison with the Audit and Risk directorates.

This is a people management role. You will be responsible for day to day management of and coaching and providing support for a new Scale H MPC Administrator role. You will be responsible for managing all staff-related matters that may arise including performance, absence and sickness. The successful applicant will also regularly manage virtual teams via the Secretariat processes and provide second assessor support to the four external member Policy Advisors in the MPC Unit.

**Number of direct reports: 1**

**Job requirements**

**Minimum Criteria**:
You should be able to demonstrat

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