Senior Technical Advisor

The ARTIS (Authorisations, Regulatory Technology and International Supervision) Directorate supports the safety and soundness of firms, in a changing world, through global leadership in: Impactful data analytics, tools and technical capability that allow the PRA to make the most of its data and information, underpinned by relevant research; Confident and consistent supervision of international banks and investment firms, with a forward-looking and flexible approach; including working effectively with home regulators and parent groups; Expertise and excellence in regulatory transactions and their consequences for policy and supervision; and Creating an inclusive, diverse and enjoyable place to work where we do what matters most, in close collaboration with colleagues from across the PRA and wider Bank, while continuing to enhance the way we work and develop our people. ARTIS is responsible for supervising the UK operations of over 200 international banks and designated investment firms which account for over half of banking assets in the UK. These firms include over 20 Globally Systemically Important Banks (GSIBs). Our host supervision approach allows international banks to operate in the UK on a highly-integrated global basis. These firms’ UK operations account for a large proportion of global trading and investment banking activity. The associated combination of complex businesses and legal structures requires some of the most challenging, creative, and nuanced supervision carried out by the PRA. We rely on forward-looking analysis, an intense supervisory curiosity, project management capability, strong regulatory understanding and, in particular, stakeholder management skills to deliver our objectives. Our supervision scrutinises and influences firms to ensure they are: Capable of being supervised; Governed appropriately; Compliant; Financially and operationally resilient; and Resolvable. We role model effective host supervision. We supervise a range of subsidiaries and branches using both direct and indirect influencing skills. In supervising the UK operations of so many international banks, there is extensive interaction with their home state supervisors, including considerable joint work. We contribute to financial stability in its widest sense as a partner to wider Bank of England stakeholders with interests in international banks, wholesale business lines, markets, or supervision. We achieve all this by fostering diversity of thought, skills, perspectives, and backgrounds in the directorate. We promote a culture which is inclusive of colleagues' situations and perspectives and which invites constructive challenge to get the best outcomes for financial stability. Job description The role holder reports directly to the ARTIS Executive Director. The role holder is a member of the ARTIS’ Senior Leadership and Management Teams. The role holder is responsible for developing and engaging with key stakeholders on those policies which relate to the PRA’s host supervision of international firms. These policies include those originated both by the PRA and by international regulators, which will impact on the UK and cross-border operations of PRA-authorised banks and designated investment firms. These include Bank-driven initiatives such as: The joint development with the Prudential Policy Directorate (PPD) and Supervisory Risk Specialist Directorate (SRS) of supervisory expectations of international firms on both branch risk appetite and booking arrangements, as embodied in Supervisory Statement 5/21; the intention is to shape the future path of how these firms should be supervised in the UK; Providing thought leadership on how the PRA’s host supervision should operate and fostering greater collaboration between ARTIS and its internal and external stakeholders; Working with internal colleagues, notably PPD, the International Directorate (ID) and the Legal Directorate (LD) on issues which arise that may impact on international banks’ operations e.g. the Mutual Recognition Agreement, the Overseas Persons Exemption, and assessments of whether international regulatory regimes deliver equivalent outcomes to that of the PRA; Working with UK Deposit Takers Directorate (UKDT) colleagues to ensure that we have consistent treatment of UK and international firms in the various areas of work; Working constructively with the wider Bank on their initiatives which will impact ARTIS firms to ensure there are no unintended consequences; Working closely with ARTIS’s Policy Impact and Cross-Firm Teams, and with the Host Supervision Working Group. And responding to the policies and actions of overseas regulators which may impact the UK operations of international firms for example: Leading our response to other regulators’ rules and actions which may impact the booking arrangements and risk management of the UK entities, or the management and location of various business lines in the UK; for example, we established a way of working with the European Central Bank on its desk mapping review, which we expect will continue as firms develop their EU businesses – we anticipate the role holder spending significant time in the near term considering the impact of article 21c of the EU Capital Requirements Regulation on PRA regulated firms and ensuring firms’ approaches to compliance do not pose undue risks to UK financial stability or safety and soundness; Working with PPD and LD on the policy and equivalence assessments of overseas regulators in respect of UK banks and designated investment firms and related work on Memoranda of Understanding. The role holder will also support supervisors in their engagement with firms on these issues. The role holder will engage with the relevant external bodies on the full range of such issues: notably HMT, FCA, the relevant trade associations and consultants. The range of potential work is very wide and there is scope for flexibility on involvement in particular projects within ARTIS. As a senior leader, the role holder will help prioritise and shape the role over time in light of new and evolving issues. Stakeholders At its core, the role involves engagement with senior representatives of the international banks, HMT, FCA, trade bodies and consultancies, requiring credibility and strong influencing skills. Key internal relationships will be Prudential Policy, Supervisory Risk Specialists, International, Legal, Financial Stability Strategy and Risk, and Resolution. The Division’s work is relevant to both the PRC and FPC, to EPCC and routinely subject to governance from SRPC. Externally the senior adviser will work closely with domestic and international regulators, supervisory authorities, central banks and engage with relevant trade associations. In addition to working closely with the Executive Director and the Director of ARTIS, the senior adviser will be expected to work closely with peer Heads of Division within the Directorate, and to support supervisors across the directorate. Accountabilities Overall, the senior adviser will be accountable for: Leading ARTIS’s work at the interface between supervision and policy; Leading PRA’s strategic response to the relevant actions by overseas regulators that may impact the UK footprint and operations of UK firms, with the objective of maintaining firms’ safety and soundness; Developing and maintaining effective relationships with key stakeholders internally and externally; Supporting horizon scanning, risk surveillance and cross firm analysis, particularly across investment bank business models, whilst working collaboratively with PRA specialist support and wider Bank colleagues. Role Requirements To succeed in this role you will need to be self-starting and able to work collaboratively with a wide range of colleagues and stakeholders, internally and externally. A clear understanding of the expectations of prudent risk management, and how this interacts with other objectives. An ability both to influence and to work closely with those whose objectives may differ materially from those of the PRA. An ability to develop pragmatic, workable solutions to difficult problems. Skills, Knowledge and Experience: 1. Experience in working with and influencing senior leaders; maintaining effective and collegial relationships, and commanding credibility with senior management of regulated firms and overseas regulators. 2. Effective and inclusive leadership of teams or divisions with a track record of building strategic direction. 3. Excellent analytical skills across financial and operational resilience. 4. Knowledge of financial markets and bank business models, including a strong understanding of trading and investment banking business models and the prudential risks they pose, with an understanding of how PRA and broader regulatory policy initiatives may impact firms in ARTIS. 5. Personal attributes of sound judgement and an ability to prioritise and manage competing demands in a calm and confident manner even in busy times. 6. A collaborative approach with an emphasis on being a role model for the Bank of England’s behavioural code (known as ‘Our Bank Behaviours’) given the need to work closely with internal teams across the Bank. Our Approach to Inclusion The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve. At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public. We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders. Finally, we're proud to be a member of the

Disability Confident Scheme . If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application. Salary and Benefits Information We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate. In addition, we also offer a comprehensive benefits package as detailed below: 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. 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits. Private medical insurance and income protection. National Security Vetting Process Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the

Bank's Privacy Notice . The Application Process Important: Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. The assessment process will comprise of two interview stages. The closing date for applications is

Wednesday 12 th

February 2025

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