The Prudential Regulation Authority (PRA), is responsible for the safety and soundness of around 1,500 banks, building societies, credit unions, insurers and major investment firms across the UK. We play a vital role in promoting a resilient financial system that supports households, businesses and the wider economy.
We are looking for an experienced capital specialist to join our Capital Assessment Team (CAT) within the Specialist Supervision Division. The role sits within UK Deposit Takers Supervision, the area of the PRA responsible for supervising UK banks, building societies and credit unions.
This is an opportunity to apply and further develop deep expertise in banking capital, prudential risk and stress testing while working on issues that directly influence regulatory decisions. You will engage with a wide range of firms, from newly authorised banks through to established institutions, assessing their resilience and providing expert advice that helps ensure firms remain financially sound through changing economic conditions.
The role would suit candidates from a range of backgrounds, including prudential supervision, banking, treasury, prudential risk, capital management, regulatory policy, prudential consulting and stress testing.
The Capital Assessment Team (CAT) is a specialist team of around 15 colleagues within UK Deposit Takers Supervision, responsible for assessing capital adequacy across a broad population of small to medium sized UK banks and building societies.
These firms play an important role in supporting households and businesses across the UK. The team's work helps ensure that they hold sufficient financial resources relative to the risks they face and that their capital planning remains robust through changing economic conditions.
The team also contributes to the PRA's understanding of risks and vulnerabilities across the sector through cross-firm analysis, quantitative assessment and analysis of sector-wide vulnerabilities and how firms across the sector may be affected under adverse economic conditions.
A significant proportion of the team's work involves undertaking capital assessments (C-SREPs), including reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks. The team's analysis directly informs regulatory capital decisions and on firms' individual regulatory capital requirements for a broad population of small to medium-sized banks and building societies. The team is also playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime. Alongside this, the team contributes to the PRA's understanding of sector-wide risks and vulnerabilities through cross-firm analysis and assessment of resilience under adverse economic conditions.
The team is playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime, providing a unique opportunity to influence how these changes are applied in practice across a large population of UK firms.
The team sits within the Specialist Supervision Division (SSD), a centre of expertise covering key prudential risks including capital, liquidity, credit risk and operational resilience. SSD specialists work closely with supervisors, policymakers and senior decision-makers across the Bank of England.
This role combines technical capital assessment, prudential analysis and engagement with senior stakeholders.
You will:
Depending on your skills and interests, you may also contribute to:
Minimum Criteria
Essential Criteria
Desirable Criteria
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.
From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.
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.
Salary circa:
Leeds - £73,760 - £82,000
London - £81,920 - £92,000
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 interview stages.
This role closes on 19 Oct.
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.
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The Bank of England is the central bank of the United Kingdom. Sometimes known as the “Old Lady” of Threadneedle Street
The Bank was founded in 1694 with a founding charter that stated its purpose was to “promote the public good and benefit of our people”.
Our purpose today reflects that vision first articulated by our founders. Our mission: to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.
