Principal Supervisor for Mid-Tier Financial Institutions

3 weeks ago

London, Greater London, United Kingdom Bank of England Full time
Position Overview

Mid-Tier Banking Sector Insight

The mid-tier banking sector encompasses a diverse array of financial institutions within the UK that, while not classified as 'systemic', possess sufficient size and customer reach to potentially disrupt the financial landscape if they encounter difficulties. These banks typically serve market segments that are often overlooked by larger institutions, including residential lending, buy-to-let (BTL) mortgages, consumer finance, and commercial loans for small and medium-sized enterprises (SMEs). This sector includes well-known deposit-taking banks, branch-based institutions, as well as emerging digital challengers and specialized higher-risk lenders.

Role Summary

As a Senior Supervisor within the Mid-Tier Banking team, you will have the opportunity to oversee a portfolio of mid-tier UK banks. Reporting directly to the team manager, you will play a crucial role in advancing the supervisory initiatives across a range of dynamic and relevant deposit-taking institutions.

The ideal candidate will demonstrate proactivity, possess strong analytical capabilities, and have the ability to effectively manage stakeholder relationships. You will be expected to confidently lead and execute the agreed supervisory strategies for the firms under your purview.

Key Responsibilities

In your daily activities, you will leverage your analytical expertise to conduct assessments and identify potential risks associated with these financial institutions. This will involve engaging with the firms to gain insights into their operations. Should any irregularities arise, you will be tasked with investigating these matters thoroughly.

Your findings will be shared with the broader internal team, and you will collaborate closely with senior leaders across both UK and international financial entities. Your contributions will be pivotal in ensuring the effective implementation of our supervisory strategies. The combination of high-stakes work and complex challenges will provide ample opportunities for you to enhance both your technical and interpersonal skills.

We will align you with responsibilities that build upon your strengths. You should enjoy problem-solving and be open to engaging in discussions and debates regarding various issues. This role will require you to investigate diverse challenges and make sound judgments. With a strong sense of self-motivation and initiative, you will set your own objectives and adhere to deadlines. Importantly, you will need to manage various stakeholders and influence decisions effectively.

Essential Qualifications
  • Proactive approach with robust analytical skills and the ability to communicate effectively with both internal and external stakeholders.
  • Strong relationship management skills, including the capacity to influence senior colleagues. Ability to work independently while also being a team player, mentoring junior staff, and constructively challenging ideas with diverse perspectives.
  • Capability to produce clear, concise, and structured written communications tailored to different audiences.
  • Aptitude for drawing logical conclusions from a variety of financial data and recommending suitable corrective actions.
  • Excellent organizational skills to prioritize and manage workload efficiently.
  • Commercial awareness with an understanding of the influence of external factors and industry trends.
  • Experience or knowledge in the financial services sector.
Preferred Qualifications
  • Proficiency in data analytics tools (e.g., Tableau, R, Excel).
Commitment to Inclusion

The Bank is dedicated to fostering diversity, equity, and inclusion. We recognize the importance of a workforce that reflects the society we serve in order to maintain monetary and financial stability effectively.

We strive to create an inclusive culture where all colleagues feel valued and respected, supporting individuals from all backgrounds to excel in their roles. We celebrate diversity in all its forms, including age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation, and socioeconomic status. By embracing different perspectives and experiences, we can make the best decisions for the public.

We welcome applications from individuals seeking flexible work arrangements, including job shares and part-time roles. We have partnered with external organizations to assist in making necessary adjustments for candidates and employees during the recruitment process.

For roles that can be performed remotely, we encourage colleagues to spend approximately half of their time in the office, with a minimum of 40% per month. Individuals and managers should collaborate to determine the best working arrangements for their teams and stakeholders.

Compensation and Benefits

We support flexible working, part-time arrangements, and job share options. Compensation and benefits for part-time roles will be adjusted accordingly.

This position offers a competitive salary, along with a comprehensive benefits package, including:
  • A non-contributory, career average pension scheme providing guaranteed retirement benefits.
  • A discretionary performance bonus based on current award pools.
  • An 8% benefits allowance, which can be taken as salary or used to purchase a variety of flexible benefits.
  • 26 days of annual leave, with the option to buy up to 12 additional days through flexible benefits.
  • Private medical insurance and income protection.
Security Clearance

Employment in this position will be contingent upon passing the National Security Vetting clearance process, which typically takes between 6 to 12 weeks post-offer, along with additional security checks as per Bank policy. Further details regarding the vetting and security clearance requirements will be provided to the successful candidate.

Application Process

Important: Ensure that you complete the 'work history' section and answer all application questions thoroughly. All applications are anonymized to ensure that hiring managers cannot view personal information during the initial screening process. Therefore, it is crucial to provide complete information in the work history and application form.

The assessment process will involve two interview stages.

About Us

We are the UK's central bank, recognized for our leading-edge thinking on policy and strategy.

Our mission is to promote the welfare of the UK populace by maintaining monetary and financial stability. We aim to keep prices stable and safeguard people's money. Our work is significant to individuals and families across the UK. We are driven by curiosity and the desire to tackle important and challenging tasks.

It takes a dedicated team to operate the Bank of England. We rely on each other to fulfill our roles and benefit from a collaborative culture that supports work-life balance. We strive to be an organization where everyone feels they belong and has equal access to opportunities, as diverse perspectives lead to the best decisions for the public.

There are numerous advantages to working with us, including impactful work at the heart of the UK economy, being part of an exceptional team, and a rewarding compensation package.

Join us and experience a bank like no other. Together, we can make a meaningful impact.

The Bank of England will handle and protect the information you provide during your application in accordance with data protection laws. This is to assess your suitability for the role and manage your application process.

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