Retail Banking, Sector Team – Senior Analyst

Requirements of the role

Do you have a good understanding of the retail banking market?    Are you passionate about ensuring consumers are treated fairly and have access to information and financial services products that meet their needs?

The retail banking sector performs a critical role in the UK economy. As a Senior Analyst in the Retail Banking directorate, your work will impact millions of UK consumers. We supervise the largest and most complex retail banking groups, digital and foreign banks as well as mortgage lenders in the UK. We also set standards and tackle risks/harm across many high-profile topics such as the Cost-of-Living Crisis, Consumer Duty, Access to Cash, Savings Market review, the Provision of Banking Services, the use of AI and more. The directorate is both a very busy and very rewarding place to work.

We are hiring 2 Senior Analysts with a strong understanding of the retail banking market to join the Sector team in the Market Analysis and Policy (MAP) Department. The Sector team is responsible for supporting front-line Supervision teams, identifying and monitoring the key risk of harms within the Retail Banking sector, conducting data and outlier market analysis for the sector and supporting multi-firm work and projects across the sector.  The team also works closely with the directorate’s new strategy and delivery team to shape the directorate’s portfolio strategies.

What you will be doing

Working alongside other team members, supervisors and key internal stakeholders, you will play a key role in delivering against the team’s core responsibilities:

• Providing effective oversight of sector and portfolio-level risks of harm and in turn, helping to inform prioritisation decisions within the division
• Proactively contributing to the identification, measurement and on-going monitoring of risks of harm relevant to the retail banking and mortgages sector, horizon scanning for emerging risk
• Maximising the use of data and intelligence to produce firm-specific, portfolio and sectoral analysis, insights and tools that add value
• Helping supervisors and other stakeholders to better understand the sector and acquire the level of sector-specific knowledge they need through the delivery of effective knowledge sharing interventions
• Aligned to the division’s priorities, undertaking targeted communication and engagement activities with key internal and external stakeholders
• More broadly, providing guidance, support and challenge that helps the Division operate effectively

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