Panel member of the Enforcement Decision Making Committee(EDMC), Bank of England - London, UK
New Today
The Bank of
England is the central bank of the United Kingdom. It exists to
ensure monetary and financial stability. The
Bank is seeking an additional panel member for its Enforcement
Decision Making Committee (EDMC) which was established in 2018 and
reports to the Bank’s Court of Directors (Court). Court appoints
members to the committee and will look to appoint a new panel
member. The incoming member will join in summer 2026. The ideal candidate shall come from a financial services
background or with a strong understanding of the financial services
sector and has a genuine interest in contributing to the Bank’s
work and mission (in particular, the prudential regulatory remit).
They should be aware of the role of administrative decision-making
in public bodies and understand that the EDMC will make decisions
on behalf of the Bank. A demonstrable ability to effectively
analyse information to reach sound judgements is essential. They
should be able to deal with evidence that ranges from the technical
(with suitable expert support) to issues regarding individuals’
integrity. Candidates will likely have a background in senior
decision making such as on boards, committees, tribunals,
etc. The candidate must demonstrate a strong
ability to work effectively with others to make collective
decisions, while having the strength of character to ensure
independence of thought and judgement. They should have flexible
interpersonal skills to deal with a wide range of scenarios and
have excellent listening, oral and written communication abilities.
Currently, the Bank appoints EDMC members for
renewable, fixed, five-year periods and members do not serve more
than two consecutive terms. Ultimately, members are answerable to
Court. Members are subject to a conflicts of
interest policy and must declare actual or potential conflicts of
interest prior to appointment - and any that arise post
appointment. Considering the Bank’s objectives, applicants should
carefully reflect on whether any existing roles or interests may
affect their ability to serve on the committee. The number of contested enforcement cases that the EDMC
considers is difficult to predict and there will be periods where
there are none. Because of the fluid nature of the position,
members should be content to offer a flexible time commitment. The
role will be remunerated hourly, in line with the Bank’s standard
senior advisor rates. The Bank values and
promotes diversity, and is committed to equality of opportunity.
The Bank believes that it is by drawing on different perspectives
and experiences that it will continue to make the best decisions
for the public. Appointments are made on merit. The closing date is 23.59 on Friday 17 April 2026.
- Location:
- United Kingdom
- Job Type:
- FullTime