Location: UK: London

Start date: May 2022

Programme: 6-month returnship

Closing date for applications: 20 December 2021

Salary: Competitive package

Applications for the Career Returners Programme have now closed except for opportunities in the Prudential Policy Directorate.  The deadline for these roles has been extended to 20 December 2021.  To apply please use the link below.

After three hugely successful programmes in 2018, 2019 and 2021 the Bank of England is once again partnering with Women Returners to launch their Career Returners Programme for professionals who are looking to return to work after an extended career break.

About the Bank of England

The Bank of England is the UK’s central bank. Their mission is to promote the good of the people by maintaining monetary and financial stability. The Bank’s monetary policy objective is to deliver price stability and, subject to that, to support the Government’s economic objectives including those for growth and employment.

You will have the opportunity to work in a dynamic fast paced environment at the cutting edge of market developments. As a place of work, the Bank feels different from most other organisations. The atmosphere is relaxed but professional, research-driven and also very much connected to real events in the economy. While organisations in the private sector are focused primarily on profits, the ultimate objectives for the Bank are always the quality of thinking and the rigour of analysis. This makes for an unusually satisfying place to develop your career. The issues they deal with on a daily basis are often in the news headlines, and have implications for everyone in the country. For many of their people, this sense of contributing to the public good is one of the most rewarding aspects of working there.

The environment is extraordinary too: a historic building located in the heart of the City, which combines rich tradition with up-to-date technology and facilities. Just as importantly, they have a strong culture of support that exists within each of their teams and across the organisation as a whole.

What you can expect

  • The Career Returners Programme offers a paid placement of 6 months, starting in May 2022, and the possibility of a permanent role at the end of the assignment
  • There are roles on offer in the following areas:
    • Prudential Regulation Authority (PRA): Supervision, Risk Specialists, Regulatory Operations, Actuarial, Prudential Policy
    • Financial Stability Strategy & Risk Directorate
    • Monetary Analysis Directorate
    • Finance Directorate
    • Legal Directorate
    • Resolution Directorate
    • International Directorate
    • Financial Markets Infrastructure Directorate
  • Roles will in normal circumstances be located in the Bank’s London offices at Threadneedle Street and Moorgate, however due to Covid-19 most staff are currently working remotely. This is being kept under review as the situation evolves
  • You will receive coaching support from Women Returners to help you transition successfully back in to the workplace
  • Flexible working options are available, including part-time working

The Bank has hired a large number of returners over the last few years. Read Melissa’s story here. Learn more about working at the Bank here.

Who they are looking for

The Programme is aimed at people who have had a career break of two or more years, as at May 2022. You may have taken time out for childcare or eldercare, for relocation, or for other reasons. You may have been working on a small-scale basis to fit around your other commitments or have not done any paid work for a number of years.

For more information on the opportunities in the Prudential Policy Directorate please click on the link below:

Prudential Policy Directorate

The Opportunity

The Bank is absolutely committed to having an inclusive environment. They are keen to receive applications from all candidates who might be interested in working flexibly, including part-time working.

Join them, and together you’ll get the training, support and tailored working options you need to potentially build a lasting and impactful career within the PRA or the wider Bank.

Reward Package

As a unique institution, the Bank has a reward package which sets them apart from other organisations. It includes a competitive salary, but also a much wider offering, including a defined benefit pension and comprehensive flexible benefits. They also offer a working environment which fully supports individuals through flexible working, wellbeing initiatives including an on-site medical and dental unit.

The total reward package includes:

  • 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 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits
  • 25 days annual leave with option to buy up to 13 additional days through flexible benefits
  • Private medical insurance and income protection

How to apply

The Bank is still accepting applications to the Career Returners programme for opportunities in the Prudential Policy Directorate. The Bank will NOT accept applications to the Career Returners Programme for other areas of the Bank via this link.  The deadline for applications for other areas has now passed.

If you have relevant experience and meet the criteria detailed above please apply online using the link below. Please ensure that you answer the application questions, complete the work history and submit your CV, as per guidance below.

Prudential Policy Directorate

Apply asap. The closing date for applications is 20 December 2021Interviews will be in January 2022, with applicants informed by December if they have secured an interview.

Note that there are two standard questions in the application process: ‘Current salary ‘ and ‘Notice Period’.  You may respond ‘NA’ to these fields.

If you have any questions please email Recruitment-PRA-Supervision@bankofengland.gsi.gov.uk (with ‘Career Returners’ in the subject box).

IMPORTANT: When completing your application:

  • For the ‘Source name‘ question it is essential you select ‘Women Returners’ so the Bank can identify you as a returner and know you are applying on a supported hiring basis.
  • Due to the anonymised application process followed by the Bank (detailed below) it is essential to include your career break with dates in your work history, in the area of online free form text.

The Bank anonymises applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

The Bank continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Their focus on inclusion is intended to build greater diversity in order to reflect the society they serve and be an employer of choice.