Policy Adviser in Innovation and Regulatory Perimeter - PPD

Location: Leeds 

Prudential Policy Directorate

The Prudential Policy Directorate (PPD) is responsible for designing, negotiating internationally and implementing effective prudential regulation in order to remove or reduce systemic risks, promote the safety and soundness of PRA-regulated firms and ensure appropriate protection for insurance policyholders. PPD supports both the Prudential Regulation Committee (PRC) and Financial Policy Committee (FPC) in fulfilling their objectives.

Prudential Framework Division

The Prudential Framework Division promotes financial stability and resilience in a changing world by working with others to deliver world class banking prudential policy and thought leadership.

We do this by shaping, maintaining the integrity of, and explaining the capital frameworks, macroprudential toolkit, liquidity policy, FSCS protection and the regulatory perimeter including considering innovation. 

The division plays an active role in policy development, implementation, evaluation, and horizon scanning. It does this through close collaboration with staff across the Bank, externally with HM Treasury, the Financial Conduct Authority and the Financial Services Compensation Scheme. Analysis and research are undertaken across the Division to ensure that the Bank stays at the forefront of the intellectual debate on prudential policy.

Innovation and Regulatory Perimeter team

This role will sit in the Innovation and Regulatory Perimeter Team (IRP). We consider how prudential policy frameworks and the regulatory perimeter should apply, and where we may need to adapt them, in response to innovation by PRA-regulated firms. We seeks to do this in a way that advances the PRA’s primary objective of promoting the safety and soundness of the firms it regulates, while supporting its secondary objectives to facilitate effective competition between banks and to facilitate the international competitiveness and growth of the UK economy, particularly financial services. To date, we have focused on international and domestic banking policy for innovations in digital money and digital assets. 

Job Description

This is a permanent Scale E Policy Advisor opportunity. The role-holder will play a meaningful leadership role in the delivery of banking prudential policy on digital money and digital assets. A key focus will be leading a small hub project to implement the Basel Committee on Banking Supervision’s international standard on the prudential treatment of banks’ cryptoasset exposures into the PRA banking policy framework, as soon as practicable after the BCBS targeted review has concluded. We work close with specialist teams on market risk, credit risk, liquidity, legal and other relevant areas on the delivery of policy publications and associated rule drafting.

This is a people management role. You will be responsible for day-to-day management of the team 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.

There may also be a temporary 12-month Scale E Technical Specialist role available in the team in the near future. We may fill that role through this recruitment round, so applicants who are interested in that role should apply.

Do you enjoy solving difficult analytical problems and working on high-profile policy at the heart of cross-authority and industry efforts to shape the future of tokenised markets? Are you passionate about inclusive leadership, helping to evolve team strategy and keeping the team focused on what matters most? If so, this role could be for you!

Number of direct reports: 1-3

Key Responsibilities

• Provide line management for the team.
• Lead policy projects relating to innovation, digital assets, digital money and the prudential regulatory perimeter.
• Develop policy positions on complex and novel issues, including areas where international standards, evidence and regulatory approaches continue to evolve.
• Coordinate contributions from colleagues across policy, supervision and specialist functions to deliver policy outcomes on digital assets and digital money.
• Support colleagues through coaching, technical guidance and constructive challenge to improve the quality of policy analysis and delivery.
• Build and maintain effective working relationships across the Bank, PRA, industry, HM Treasury, FCA and international authorities to influence policy development and implementation. 
• Represent the Bank in international BCBS working groups, where opportunities arise, articulating the PRA’s views effectively and influencing outcomes where appropriate.

Role Requirements

Minimum Criteria

• Proven ability to manage a team of policy analysts and diverse range of partners effectively, including on a project to deliver public policy publications (consultations papers and policy statements). 
• Analytical capability, including experience of analysing complex policy, regulatory or financial-sector issues, applying conceptual analysis to develop qualitative evidence-based recommendations. 
• Effective written and oral communication skills, including being able to communicate technical material clearly and concisely to a senior audience and in policy publications. 

Essential Criteria

• Strong stakeholder management and influencing skills, including the ability to build consensus, navigate differing perspectives and engage effectively with seniors.
• Proactive and organised, with an ability to work autonomously and through others to focus on what matters most to deliver high-quality outputs. 

Ability to develop technical expertise and apply it to policy development, decision-making or broader organisational thinking.

Desirable Criteria

• Knowledge of prudential regulation, financial stability issues, banking business models or prudential supervision.
• Track record of delivering committee papers in the PRA or wider Bank and external policy publications. 
• Experience in one or more of the following areas: 
  • digital assets, tokenisation, digital money or emerging financial technologies.
  • domestic prudential policy development or engagement with prudential international standards.
  • issues involving significant uncertainty or evolving regulatory frameworks.

  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.   From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.   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.
Salary range: £65,440 - £73,620.    In addition, we also offer a comprehensive benefits package as detailed below:

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year.  The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.   
• 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 Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance.  As such, our ability to employ individuals who require sponsorship for immigration purposes is limited.  The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful.  Eligibility will therefore be considered on a case by case basis.

  The Application Process Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. 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. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.   The assessment process will comprise of two interview stages.  
  This role closes on 31 October 2026, 11:59pm.   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.