Company: Bank of England
Location: Leeds
Posted: April 17th, 2026
The Bank operates a three lines of defence model for the management of risk. The second line resides within the Risk Directorate, led by ED Risk who reports to the Governor. The Vision of the Bank's Risk Directorate is "to enable the Bank to take risk confidently by making sure it is managed within appetite". The Directorate supports risk taking required in business areas to deliver the Bank's mission and shares accountability for risk judgements.
We support the Bank's first line in assessing, in a pragmatic way, the risks involved in delivering desired outcomes, optimising material controls, and embedding a culture of confident, informed risk‑taking. Our work is grounded in a deep understanding of the Bank's objectives and a commitment to enabling confident, well‑informed decision‑making.
The role of the Financial Risk & Resilience Division (FRRD) is to provide forward‑looking assessment and challenge of financial risk across all activities managed by the Bank, so that it can achieve monetary and financial stability without putting public funds at greater risk than necessary. In discharging its responsibilities, the division acts as an independent expert counsel to the Governor, Court and ARCo on financial risks.
Your role is a high‑profile position and you will be responsible for the key financial risk modelling decisions and model validation in FRRD and will be presenting the team's work to executive and non‑executive Risk Committees and Court.
Your role will be part of the Risk Methodology Team, which is responsible for Model Development and Model Validation, especially to manage the development and implementation of risk models and the validation of risk and pricing models developed by the front line.
You will report to the Senior Manager, Risk Methodology Team.
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.
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.
This role offers a base salary as follows:
In addition, we also offer a comprehensive benefits package as detailed below:
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.
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 stages.
This role closes for applications on Monday 20 April 2026.
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.
#J-18808-Ljbffr