Executive Director – Bank of England Careers Halifax

Overview

Position Title: Executive Director

Company: Bank of England

Location: Halifax, UK

Job Description

The Directorate, comprises of four Heads of Division and a total of over 100 staff. A collaborative cross-Bank approach is critical to delivering the Directorate’s objectives through working with PRA supervision, Financial Market Infrastructure Directorate and Prudential Policy Directorate in particular.

The Executive Director (ED) is a varied, high profile role. It involves a significant amount of domestic and international influencing across a complex, challenging set of strategic priorities. Ensuring that resolution policy and practice remains relevant for the changing world, assessing banks’ preparation for resolution under the Resolution Assessment Framework (RAF), and preparing for, and overseeing, the use of the Resolution Authority’s powers should the need arise.

Responsibilities:

• Operational readiness, testing and exercising for immediate resolution actions
• Smooth operation of the RAF
• Ensuring that resolution policy and practice adapts to remain effective for developments in the UK financial sector.
• Effectively managing relationships with international and relevant UK authorities.
• Leadership of the Resolution Directorate. This includes responsibilities for:
• RD’s environment and staffing, including building an inclusive and empowering culture and developing a diverse and progressive team, to ensure that staff are productive, engaged and motivated to deliver the area’s aims.
• Intellectual leadership of the directorate.
• Setting the directorate’s strategy and ensuring a clear vision and objectives for staff.
• Budgeting and prioritisation

Requirements:

• Experience of leading in a fast paced, changing environment, including responding to urgent live events
• Strong analytical and policy skills and the ability to learn and deal with economic, accounting and legal concepts.
• Deep technical understanding of the mission and responsibilities of the Bank
• Personal attributes of high intellect, independence, sound judgement, confidence in making decisions that could affect the Bank’s reputation
• Ability to lead a senior management team of a growing area
• A strong and proven ability to influence stakeholders and significant personal impact with credibility and presence