Primary Location

 UK-ENG-London

Job

 Research

Organisation

 522000 - RESEARCH

Job Posting

 20-Oct-2022, 4:32:16 PM

 The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Research Hub is responsible for delivery of world-class research on a wide range of topics as set out in the One Bank Research Agenda to inform the Bank’s policy making.  The department consists of around 30 researchers, including about 10 permanent researchers and 20 rotating short-term internal secondees. The Hub drives research forward by catalysing, managing and pursuing research projects, and fostering external research collaborations, with a particular focus on the priority topics agreed with the Governors. It is responsible for ensuring effective communication of research outputs both internally to policy makers and externally to the wider policy and academic communities. Through its research and associated activities, the Research Hub supports policy-making, enhances the external profile and impact of the Bank's research, and contributes to the development of research skills and capabilities.

Department Overview
The Research Hub conducts high quality research on a wide range of topics to inform the Bank’s policymaking and external policy debate. It has experienced researchers as its core members, and receives researchers from across the Bank on secondment to work on specific research projects for a limited time period.

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.  We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.  One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

We are looking for an experienced researcher who will join the Research Hub on a temporary contract of twelve months, starting in March 2022 or soon after.  We have some flexibility around the period of the contract.  The Research Advisor is expected to conduct high-quality, cutting-edge research on the priority topics under the Bank of England Agenda for Research (BEAR).

We are open to applicants who hold an academic position at a university and wish to spend their sabbatical at the Bank.  We are also open to applicants who wish to hold this position on a part-time basis by combining it with another academic position at a UK university, provided that it does not represent any conflict of interest with, or interfere with, the position at the Bank.  By joining the Bank you will have the opportunity to use our data to work on research projects which are pertinent to central bank policymaking.

The research responsibilities consist of the following:

• Informing the Bank’s policy through own research on the priority topics by presenting research findings internally, including to senior policy makers as appropriate;
• Influencing the external policy debate through own research, through presentations at high-profile external conferences and seminars.
• Publishing own research in respected refereed journals.
• Developing and maintaining a network of contacts, both in the academic and in the central bank research community, to maximise the external impact of the Bank’s research;

Additional responsibilities could include:

• Editing the Staff Working Papers in own area of expertise.
• Chairing the seminar organising board and managing the Research Visitor Programme.  This includes setting the strategy and managing the budget for both the seminar series and the Research Visitor Programme.
• Providing technical advice on others’ research projects and project proposals in own area of expertise.
• Organising research events to make progress on the priority topics.

Role Requirements

Minimum Essential Criteria

• A PhD in Economics, Finance or other subjects that are relevant to central banking, plus a minimum of 5 years’ experience of conducting research in academia, central banks, or other research or policy institutions.
• A strong track record in publishing policy-relevant research in respected refereed journals.
• Strong ability to generate research to contribute to the Bank of England Agenda for Research (BEAR), and lead research projects with minimal oversight.
• Excellent ability to communicate complex research in a succinct manner to non-experts.
• Strong leadership, interpersonal and influencing skills to manage multiple projects and stakeholders.
• Strong organisational skills to run the key research functions with minimal oversight.
• Excellent ability to communicate complex research in a succinct manner to non-experts.

Desirable Criteria

• Previous experience in managing research projects at central banks and other policy institutions is desirable but not essential.

 Our commitment to diversity and inclusion

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.  We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.  One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

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

This role is open to job shares, flexible and part time working patterns.

We are also committed to making adjustments for candidates and employees where possible, and we have partnered with external expert organisations to support us in this.  We are a member of the Disability Confident scheme, summarised here. 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.

Reward

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.

This specific role will offer a salary which will depend on experience, with a minimum base salary of £74,400 for full-time workers (pro-rated for part-time workers).  In addition, we offer comprehensive benefits package as follows:

•    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.

The Closing date for applications is 14 November 2022.

Please apply online, ensuring that you answer the application questions and submit your CV (please include a full list of publications, papers in ‘revise and resubmit’ stage by academic journals, and recent conference presentations).