Banking Sector Analyst - Systemic Risk Assessment Division

We are looking to recruit analysts to work within the Structure Team within the Systemic Risk Assessment Division in Financial Stability.  Our remit is to brief senior management and the Tripartite authorities on financial stability issues related to the banking system and to input into the Financial Stability Report's assessment of these issues.  We cover both the major UK banks and a set of global institutions known as LCFIs (Large Complex Financial Institutions). 

The Job
The role we are looking to fill relates to the analysis and assessment of the systemic issues that cut across individual institutions.  This will include:

• Undertaking theme based analysis and project based work focusing on the systemic risks emanating from the balance sheets, funding structures and liquidity positions of financial institutions and how these impact on the structure of the UK financial system.
• Briefing role on developments affecting balance sheets and behaviour of financial institutions. Possible topics include: accountancy rules and impact on firm behaviour; valuation issues; the composition and adequacy of capital; the extent of off-balance sheet risks; the evolution of bank's business models.
• Contributing to the analysis used within the production of the Bank's bi-annual Financial Stability Report.
• Proactively identifying and reporting on issues that raise systemic risk concerns.
• Directly influencing and informing senior management in relevant domestic and international policy decisions.

The role would be predominantly desk-based but it would also be necessary to have frequent contact with private sector analysts, rating agencies and the FSA as well as liaise with colleagues across the Bank.

Skills/competencies required:

• Working knowledge of financial institutions' balance sheets and accounts
• Familiarity with different accounting regimes (IFRS, US GAAP etc).
• Familiarity with key financial indicators e.g. leverage, liquidity mismatches, capital ratios.
• Understanding of banking sector business models
• Familiarity with Basel II and related impact on incentives
• Knowledge of valuation issues e.g. mark-to-market vs mark-to-model
• At least graduate level education background
• Relevant experience in analysing financial institutions
• Good communication skills - oral and written
• Good team sensibility
• Self starter able to work with minimal direction and to instigate own ideas

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