Senior Manager, Sterling Desk

The job holder will join the Sterling Desk in Sterling Markets Division (SMD) as a Senior Manager. They will have responsibility for ensuring the Sterling Desk delivers on a wide range of issues central to the Bank's remit. Previous high-profile work Sterling Desk Senior Managers have been engaged with includes: designing and implementing our approach to QT; designing and implementing the Bank's emergency intervention to support financial stability during the LDI crisis and frontier work on future-proofing our facilities as liquidity drains from the system; and managing the unwind of the TFSME. The job includes:

• Leading the Sterling Desk's work on bank funding and liquidity, and the development and implementation of non-bank repo tools.
• Readying and implementing the Bank's future operating framework for monetary policy and financial stability, working with colleagues across the Bank and PRA.
• Working closely with senior stakeholders across the Bank and externally on market monitoring, policy development and risk oversight and governance.
• Ensuring high standards of execution and operational resilience across our market operations.
• Working alongside colleagues from across Markets to collect and interpret market intelligence and undertake analysis on market developments in support of the MPC, FPC and PRC's objectives.
• Actively support Markets' Diversity, Equity and Inclusion initiatives to attract and inspire the best people to work in SMD across all different types of roles.
• This is a people management role. This role involves co-managing - alongside two other senior managers - the ~20-strong Sterling Desk, which is composed of a mixture of dealer-analysts and desk managers. Alongside these collective management responsibilities, you will have direct line management responsibilities for two desk managers, and lead a workstream/sub-team of 8-9 dealer-analysts focussing on bank funding and liquidity issues. 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, mentoring and communicating a clear vision to ensure that staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for handling staff-related matters that may arise.
You will be a member of the SMD Senior Management Team with an opportunity to influence strategy for the wider Division. You will play a central role in implementing Markets' strategy for Diversity, Equity and Inclusion, and you will be expected to lead in a manner which is human, humble and in step with the changing world, fostering an inclusive and open environment for discussion across the Division.


• Strong leadership skills - experience of managing diverse, impactful teams and delivering through others. Proven ability to develop and support staff.
• A proven track record of making timely, robust operational decisions and recommendations using good judgement, often in the face of uncertainty and incomplete information.
• Strong commitment to operational delivery and appreciation for operational risk.
• Experience delivering under pressure through nimble prioritisation.
• Strong people skills, to develop formal and informal networks of stakeholders inside and outside the Bank.
• A demonstrable commitment to the Bank's D,E&I agenda, and a track record of driving positive change in these areas.
• Strong communication skills, including the ability to present technical ideas simply and credibility with senior internal and external stakeholders.
• Interest in financial markets, why they matter for the Bank's objectives, and how they operate in practice., Understanding of banks, banking regulation and financial markets.
• The ability to understand key developments in financial markets relevant for the central bank and its operations, drawing out their implications for monetary policy and financial stability.
• Understanding of the Bank's governance framework, risk management, and financial arrangements.
You do not need to be able to demonstrate all of the desirable criteria. Candidates should have an interest in developing those that they cannot demonstrate and a vision for how they would use the opportunity to learn. Number of direct reports: circa 20.

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.

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. This role offers a salary of: Leeds from £95,470 - £110,160 London from £106,080 - £122,400 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.
• A 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.
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