Manager, Specialist Financial Risk, Capital Assessment Team
Bank of England
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Benefits offered by this job
Job summary
Bank of England, Leeds-based, is seeking an experienced capital specialist to join the Capital Assessment Team. You will lead ICAAP reviews, assess capital positions and resilience, and engage with senior stakeholders to inform regulatory capital decisions.
The role offers exposure to Basel 3.1 reforms and evolving capital frameworks, contributing to a robust capital regime for UK banks and building societies. A strong analytical background and collaboration skills are essential.
Qualifications
- Experience in financial services, prudential regulation or related environment.
- Knowledge of banking, financial risk management, prudential regulation or capital adequacy concepts.
- Strong analytical skills and ability to interpret complex financial information.
Responsibilities
- Lead ICAAP reviews and wider capital planning frameworks.
- Assess key risks to firms' capital positions and provide recommendations for regulatory decisions.
- Deliver qualitative and quantitative analysis of firms' business models and resilience.
- Engage with senior executives and Board members, discussing capital positions and risk profiles.
- Produce clear assessments and present findings to senior colleagues.
Skills
Job description
The Prudential Regulation Authority (PRA), is responsible for the safety and soundness of around 1,500 banks, building societies, credit unions, insurers and major investment firms across the UK. We play a vital role in promoting a resilient financial system that supports households, businesses and the wider economy.
We are looking for an experienced capital specialist to join our Capital Assessment Team (CAT) within the Specialist Supervision Division. The role sits within UK Deposit Takers Supervision, the area of the PRA responsible for supervising UK banks, building societies and credit unions.
This is an opportunity to apply and further develop deep expertise in banking capital, prudential risk and stress testing while working on issues that directly influence regulatory decisions. You will engage with a wide range of firms, from newly authorised banks through to established institutions, assessing their resilience and providing expert advice that helps ensure firms remain financially sound through changing economic conditions.
The role would suit candidates from a range of backgrounds, including prudential supervision, banking, treasury, prudential risk, capital management, regulatory policy, prudential consulting and stress testing.
The Capital Assessment Team (CAT) is a specialist team of around 15 colleagues within UK Deposit Takers Supervision, responsible for assessing capital adequacy across a broad population of small to medium sized UK banks and building societies.
These firms play an important role in supporting households and businesses across the UK. The team's work helps ensure that they hold sufficient financial resources relative to the risks they face and that their capital planning remains robust through changing economic conditions.
The team also contributes to the PRA's understanding of risks and vulnerabilities across the sector through cross-firm analysis, quantitative assessment and analysis of sector-wide vulnerabilities and how firms across the sector may be affected under adverse economic conditions.
A significant proportion of the team's work involves undertaking capital assessments (C-SREPs), including reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks. The team's analysis directly informs regulatory capital decisions and on firms' individual regulatory capital requirements for a broad population of small to medium-sized banks and small to medium-sized building societies. The team is also playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime. Alongside this, the team contributes to the PRA's understanding of sector-wide risks and vulnerabilities through cross-firm analysis and assessment of resilience under adverse economic conditions.
The team is playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime, providing a unique opportunity to influence how these changes are applied in practice across a large population of UK firms.
The team sits within the Specialist Supervision Division (SSD), a centre of expertise covering key prudential risks including capital, liquidity, credit risk and operational resilience. SSD specialists work closely with supervisors, policymakers and senior decision-makers across the Bank of England.
This role combines technical capital assessment, prudential analysis and engagement with senior stakeholders.
You will:
- Lead reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks.
- Assess key risks to firms' capital positions and provide recommendations that inform regulatory capital decisions.
- Deliver both qualitative and quantitative analysis of firms' business models, risk profiles and resilience.
- Engage directly with senior executives and Board members, providing technical challenge and discussing firms' capital positions, risk profiles and resilience plans.
- Produce clear, evidence-based assessments and present findings to senior colleagues and decision-making forums.
- Support the implementation of major prudential policy developments, including Basel 3.1 reforms and other developments affecting banking capital requirements.
- Provide technical input to newly authorised and growing banks as they develop their capital frameworks and planning capabilities.
- Contribute to the PRA's understanding of vulnerabilities and emerging risks across the sector through analytical work, including assessment of how firms across the sector may be affected under adverse economic conditions.
- Help develop analytical tools, methodologies and approaches used to assess capital adequacy across firms.
- Support and develop colleagues through coaching, mentoring and technical leadership.
Depending on your skills and interests, you may also contribute to:
- Enhancing how data, analytics and technology are used in prudential supervision.
- Developing analytical methodologies and frameworks used to assess resilience under a range of economic conditions.
- Assessing the implications of emerging prudential policy developments for firms and supervisors.
- Identifying cross-firm trends, risks and vulnerabilities across the banking sector.
Minimum Criteria
- Experience gained within financial services, prudential regulation or a related professional environment.
- Knowledge of banking, financial risk management, prudential regulation or capital adequacy concepts.
- Strong analytical skills, with the ability to interpret complex financial information, exercise sound judgement and draw well-supported conclusions.
- The ability to understand and assess detailed quantitative and qualitative analysis, including material related to firms' capital planning and risk management.
- Effective written and verbal communication skills, with the ability to adapt communication style to different audiences.
- A proven track record of delivering high-quality work and managing competing priorities effectively.
- A collaborative approach and commitment to supporting colleagues and contributing to an inclusive working environment.
Essential Criteria
- ... (full list of essential criteria items as per the original text)
Desirable Criteria
- ... (full list of desirable criteria items as per the original text)
The Prudential Regulation Authority (PRA), is responsible for the safety and soundness of around 1,500 banks, building societies, credit unions, insurers and major investment firms across the UK. We play a vital role in promoting a resilient financial system that supports households, businesses and the wider economy.
We are looking for an experienced capital specialist to join our Capital Assessment Team (CAT) within the Specialist Supervision Division. The role sits within UK Deposit Takers Supervision, the area of the PRA responsible for supervising UK banks, building societies and credit unions.
This is an opportunity to apply and further develop deep expertise in banking capital, prudential risk and stress testing while working on issues that directly influence regulatory decisions. You will engage with a wide range of firms, from newly authorised banks through to established institutions, assessing their resilience and providing expert advice that helps ensure firms remain financially sound through changing economic conditions.
The role would suit candidates from a range of backgrounds, including prudential supervision, banking, treasury, prudential risk, capital management, regulatory policy, prudential consulting and stress testing.
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.
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 circa £73,760 - £82,000. 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.
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.
Experience gained within financial services, prudential regulation or a related professional environment.
Knowledge of banking, financial risk management, prudential regulation or capital adequacy concepts.
Strong analytical skills, with the ability to interpret complex financial information, exercise sound judgement and draw well-supported conclusions.
The ability to understand and assess detailed quantitative and qualitative analysis, including material related to firms' capital planning and risk management.
Effective written and verbal communication skills, with the ability to adapt communication style to different audiences.
A proven track record of delivering high-quality work and managing competing priorities effectively.
A collaborative approach and commitment to supporting colleagues and contributing to an inclusive working environment.
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