Financial Policy Committee - External Member

Exec Appointments
08 Nov 2019
15 Nov 2019
Contract Type
Part Time
The Bank of England is the central bank of the United Kingdom. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability. The Financial Policy Committee (FPC) of the Bank of England has responsibility for formulating macroprudential policy.

The FPC consists of thirteen members - the Governor, the Deputy Governors, the Chief Executive of the Financial Conduct Authority, the Bank's Executive Director for Financial Stability Strategy and Risk, five external members appointed by the Chancellor, and a non-voting member from HM Treasury.

This is a high profile and influential role and potential candidates will have operated at a very senior level in financial markets and will have a combination of the following attributes:
  • Strong and practical financial sector knowledge, particularly in banking and markets, in order to make informed macroprudential decisions
  • Excellent interpersonal and communication skills - able to communicate with complete credibility in the markets and the media, and with the ability to defend decisions under pressure and to explain policy decisions to the public
  • Integrity, with the ability to maintain discretion, engender trust with a willingness to abide by necessary conflict of interest constraints
  • A solid understanding of economics.
  • Analytical ability and the ability to absorb large amounts of complex information and reach reasoned and robust conclusions.
  • Independence of thought - able to exert influence within the Bank, FPC and in wider external policy debate and comfortable forming personal views whilst working closely and constructively with FPC members
  • A strong understanding of operational, including cyber, risk.

External FPC members are appointed on a part-time basis averaging a minimum of 23 days a quarter, though actual experience can vary. External appointments to the FPC are for a three-year term. There is the possibility of reappointment at the end of the term and external FPC members can serve a maximum of two terms. Total compensation will be £96,000 p.a.

HMT is committed to diversity and providing equal opportunities for all. Applications are therefore welcome irrespective of age, gender, ethnicity, sexual orientation or disability.

For more information, please visit the Centre for Public Appointments website. To apply, please click on Apply. The closing date for receipt of applications is 17 November 2019. Please contact Sally Springbett at Sapphire Partners on +44 (0)20 7292 9978 if you have any questions.

Panel interviews will take place in London and are expected to be conducted in early December. It is anticipated that appointments will be made during Q1 of 2020.

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