The Bank of England is the UK's central bank. 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.

The Authorisations, RegTech and International Supervision Directorate is formed of:

•           The Authorisations Division, which deals with regulatory transactions where firms apply to carry out PRA regulated activities, or make changes to the activities they undertake;

•           The new RegTech, Data and Innovation Division; and

•           The four divisions responsible for the supervision, as a host regulator, of the UK activities of banks, custodians and designated investment firms headquartered in over 50 overseas                               jurisdictions – including some of the world’s highest profile firms.

Job Description

The Role – Senior Manager – Governance and Planning Team

ARTIS is recruiting for a Senior Manager to lead the ARTIS Governance and Planning Team (GAP). The team sits within the Executive Director and Director offices with the following objectives:

• To support ARTIS in being able to deliver its mission more effectively or efficiently. This includes holding the Directorate to account
• To help ensure we have processes in place to react effectively to firm distress or failure, including pro-actively supervising our Watchlist firms
• To facilitate ARTIS’ input to the wider work of the PRA/Bank to ensure ARTIS is meeting its obligations and influencing as appropriate 

The successful candidate would be expected to lead the team to collectively:

• Lead the design and delivery of the ARTIS Business Plan and related business planning processes (e.g. prioritisation, quarterly reporting etc.)
• Ensure the directorate is able to agilely recruit and train staff to fulfil its tasks on an ongoing basis in a diverse and inclusive manner, working collaboratively across the PRA to achieve this
• Ensure the governance and reporting structures within ARTIS promote effective decision making, including acting as the secretariat for a number of key fora
• Maintain and improve the ARTIS Network operating model (under which colleagues share knowledge and expertise, on a prudential topic, undertake related thematic work and use our resource agilely to deliver on priorities)
• Promote adherence to high supervisory standards within ARTIS Supervision through PRActice ownership, PSM pack templates, PSM letter templates etc.
• Utilise supervisory MI to support successful risk identification, prioritisation and compliance
• Work effectively with the central Governance and Controls team and PRA COO to jointly support ARTIS Supervision
• Develop and maintain playbooks and processes that allow ARTIS to react effectively to firm distress or failure
• Run the ARTIS Watchlist process effectively to ensure adequate oversight of firms with a higher proximity to failure
• Lead the ARTIS working level relationship with HMT
• React agilely to provide support senior management or teams across ARTIS on priority pieces of work
• Work closely with stakeholders across the PRA and wider Bank on additional projects to influence positive outcomes for ARTIS and the PRA

It is envisaged that the role holder will also have the opportunities to work on the broader objectives of the team or wider directorate as required or as part of their development. This could also include leading one of the ARTIS Networks which undertake horizontal analysis of the international banks operating in the UK. The role holder would also be expected to be the alternate Chair for the Host Supervision Steering Group (HSSG) chaired by the ARTIS Director and participate in the ARTIS SMT meetings.

This is a people management role. You will be responsible for day to day management of the team of five and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area’s aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

Number of direct reports:
2

Role Requirements

Minimum Criteria

The successful candidate should be able to demonstrate:

• Effective leadership that commands the respect of your team and the wider organisation
• An ability to consistently challenge and influence senior colleagues effectively to enact positive change
• A successful track record in leading the delivery of sophisticated projects
• Personal resilience that allows for ongoing delivery in the face of adverse events
• Capability to set a strategy for your team alongside working with the Executive Director to set the strategy for the Directorate as a whole
• A clear passion for delivering positive staff outcomes for the directorate that supports wellbeing, diversity and inclusion

Desirable Criteria

• An understanding of one or more of Host Supervision, Authorisations or Data and Innovation

You should not be put off from applying if you do not meet or do not have all of these criteria – we would actively encourage you to get in touch to discuss what support you might need to close any gaps and/or any other skills you might have which you think could be helpful in this role

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.  We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.  One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.  This role is therefore open to flexible working patterns. (Delete if operationally this may not be feasible)

Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month.  Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this.  We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.  

This specific role offers a base salary of £74,400 - £96,390 per annum, along with our comprehensive benefits package as follows:

•    A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
•    A discretionary performance award based on a current award pool.
•    A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
•    25 days annual leave with option to buy up to 13 additional days through flexible benefits.
•    Private medical insurance and income protection.