Deadline:
November 13, 2024
Location(s)
United Kingdom
Threadneedle Street, London, EC2R 8AH
Overview
The Bank of England was founded as a private bank in 1694 to act as banker to the Government. Today we are the UK’s central bank.
Start your career with us. Build your skills and experience.
Details
Where you’ll work
Within one of our Policy areas, including time in the Research Hub.
What you’ll learn
This programme offers you an opportunity to develop your research skills, and make a key contribution to policy work in your area. We also offer excellent training opportunities, both to expand your technical skills and knowledge, and to help you develop the skills to maximise the policy impact of your work.
What does the Bank of England do?
The Bank of England is the UK’s central bank. Our mission is to promote the good of the people by maintaining monetary and financial stability.
The Bank of England was nationalised in 1946, so we are now wholly owned by the UK Government. Before this, the Bank of England was a private bank owned by various shareholders. We gained independence from the Government to set monetary policy in 1997.
We have specific statutory responsibilities for setting policy – for interest rates, for financial stability, and for the regulation of banks and insurance companies. We have independence from the Government in terms of how we carry out these responsibilities. We do this within a framework set by Government but free from day-to-day political influence.
The Bank is overseen by a board of directors, known as the Court of Directors, who are appointed by the Queen on the recommendation of the Prime Minister and the Chancellor. The Court of Directors is responsible for setting and monitoring the Bank's strategy and making key decisions on spending and appointments. The Government chooses one of the non-executive, or external, members to chair the Court of Directors.
Our policymaking committees: the Monetary Policy Committee, the Financial Policy Committee and the Prudential Regulation Committee make decisions about our responsibilities, for example on the interest rate.
Our Internal Audit Division helps the Court of Directors and executive management to protect our assets, reputation and sustainability by independently and objectively evaluating the effectiveness of internal controls, risk management and governance processes.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Entry requirements:
- Must hold (or expect to complete by end-2025) a PhD in any subject relevant to central bank policymaking
Are you who we’re looking for?
We’re looking for recent PhD graduates with a desire to carry out and publish innovative, policy-relevant research, and to contribute to live central bank policymaking. If that’s you, why not apply to join our research community?
Dates
Deadline: November 13, 2024
Cost/funding for participants
- Length: The programme will make up the first three years of this permanent position.
- Salary: There is a fixed salary package of £60,000 for the three year duration of the programme, plus competitive benefits and pension.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
