Bank of England Career Returners Programme
Start date: September 2018
Programme: 6 month returnship
Salary: Competitive package
The Bank of England is partnering with Women Returners to launch their Career Returners Programme for experienced professionals who are looking to return to work after an extended career break.
About the Bank of England
Protecting the stability and integrity of the UK’s banking and insurance industries is a vital job – and you can help the Bank to do it. The first Career Returners programme for the Bank will be in the Prudential Regulation Authority (PRA), which is the part of the Bank which promotes the safety and soundness of over 1,500 financial firms. They help identify and mitigate potential risks before they can have an adverse effect on markets and, of course, the public. You will have the opportunity to work in a dynamic fast-paced environment at the cutting edge of market developments.
What you can expect
- The Career Returners Programme offers a paid placement of six months, starting in September 2018, and the possibility of a permanent role at the end of the assignment.
- Roles will be on offer in a number of areas of the PRA, such as:
- Central Support Functions
- Roles will be located in the Bank’s London (Moorgate and Threadneedle Street) offices.
- You will receive coaching support from Women Returners to help you to transition successfully back in to the workplace.
- Flexible working options are available, including part-time working.
You’ll join a team that focuses on domestic and / or international insurance firms, banks, building societies and credit unions which vary in size, complexity and business model. Alternatively, there are teams that provide a PRA-wide function, e.g. operations, change delivery, and secretariat. Whichever you are in, you’ll help lead on prudential risk assessment and mitigation, or support how the PRA operates. This will see you analysing anything from business models and capital data to operations and governance. You’ll also build the senior-level relationships you’ll need to make recommendations and influence change based on your findings and research.
Your work will be high profile and complex and will involve making sound judgements and decisions. Your work will have great impact and the insight into the workings of the financial sector you gain will be unique. What’s more, the Bank’s openness to flexible working will ensure that you can maintain a healthy work/life balance.
Who the Bank is looking for
The Programme is aimed at people who have had a career break of two or more years. You may have taken time out for childcare or eldercare, for relocation, or for other reasons. You may have been working on a small-scale basis to fit around your other commitments or have not done any paid work for a number of years.
For all levels of role, you must be willing to learn across a broad range of disciplines, have good analytical and problem-solving skills, combined with the ability to process, interpret and question large amounts of complex data, and work collaboratively as part of a dedicated team. The ability to communicate your findings effectively is also vital, both in person and in writing, as well as the ability to manage other important priorities/projects alongside your day to day jobs. Professional work experience is a must, because you’ll need the ability to influence and operate at a senior level.
The right skills are more important than the right background. Financial experience is not essential for all roles, though would be beneficial. The current Bank of England PRA teams include people from a range of backgrounds such as science, government, civil service and the military.
The Bank is absolutely committed to having an inclusive environment. They are keen to receive applications from candidates who might be interested in working flexibly, including part-time working. Join them, and together you’ll get you the training, support and tailored working options you need to potentially build a lasting and impactful career within the PRA or the wider Bank.
An example of the type of work that the PRA does can be seen by clicking on this link which provides information specific to the work of the Supervision teams within the PRA: http://pra.bankofenglandcareers.co.uk/
Salary will vary depending on the type of role taken and the level of experience, and will fall within a range of between £40-60,000. In addition to base salary you will be eligible for an extensive benefits package (including non-contributory pension scheme, 7% benefits allowance, private medical and income protection insurance, 25 days annual leave with option to buy up to 13 additional days, plus others).
How to apply
To apply please follow the application process: Bank of England Career Returners Programme
The closing date for applications is Wednesday 2 May 2018
Once applications have been received and reviewed you may be invited to complete a short assessment that is used regularly within the PRA. Those who are successful will then be invited in for a face-to-face interview, to take place at the end of May and beginning of June.
If you have any questions please email Recruitment-PRA-Supervision@bankofengland.gsi.gov.uk putting ‘Career Returners’ in the subject box.