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Board Member

United Kingdom

Bank of England - Financial Policy Committee

Organisation Type

Public sector

Industry / Sector

Financial Services / Banking /Insurance

About The Organisation

The Bank of England is the central bank of the United Kingdom. It exists to protect monetary and financial stability. The Bank is a diverse organisation, proud of its inclusive culture. It focuses on inclusion to enhance diversity of thought, looking at financial stability risks through the widest range of perspectives.
The Financial Policy Committee 
The Financial Policy Committee was established by the Financial Services Act 2012. The committee supports the Bank’s financial stability objective by enhancing the resilience of the UK financial system. It identifies, monitors, and takes action to reduce systemic risks. The committee also has a secondary objective to support the government’s economic policy.
The Financial Policy Committee has wide-ranging powers to make recommendations, including to HM Treasury. It can direct the Prudential Regulation Authority and the Financial Conduct Authority to take particular actions to address systemic risks.
Meetings
The Financial Policy Committee usually holds a quarterly series of meetings in March, June, September and November with 6-8 meetings each time. Each round begins with around two weeks of briefing meetings, when staff from the Bank of England and Financial Conduct Authority brief the committee on economic developments. Members receive all the latest data and cutting-edge analysis of financial trends and regulatory matters. These conclude with policy decision meetings, when the committee makes its judgements and may exercise its formal powers.
The committee aims to set policy by consensus but will vote if a consensus cannot be reached.
Meetings normally take place at the Bank’s head office in Threadneedle Street in the City of London. Meetings are usually hybrid, with most members attending in person at the Bank’s head office and other members joining remotely.

Website URL

https://www.bankofengland.co.uk/about/people/financial-policy-committee

Position

Board Member

Location

United Kingdom

Time Commitment

92 day(s) per annum

Remuneration

Directors' fees
(£102,000 per annum)

Skill Sought

Finance; Information Technology / Systems; Public Policy
Closing Date: 09 Apr 2026

Position Description

External Member – Financial Policy Committee

This is a high-profile and influential role, selected personally by the Chancellor of the Exchequer so that the Financial Policy Committee benefits from wider expertise beyond the Bank’s own, and to provide constructive challenge during deliberations.

The role entails a part-time commitment of an average 20 to 30 days a quarter, though actual experience can vary considerably. Members are appointed for a three-year term. There is the possibility of reappointment at the end of the term; external members can serve a maximum of two terms. There is no automatic presumption of reappointment.

Selection Criteria

Essential criteria

  • Leadership: Significant understanding of the financial sector: Candidates must have a strong track record in relevant senior financial sector leadership roles, including senior level experience in the financial sector and being recognised as leaders in their profession.
  • Deep understanding of financial stability risks: Ability to critically evaluate complex information about the full breadth of the financial sector to reach policy judgements. Understanding of key financial sector developments and their implications for UK financial stability.
  • Understanding of economics: Solid understanding of economics: Ability to consider economic factors in committee deliberations and evidence of using economic knowledge in financial policy or macroeconomic contexts.
  • Independence of thought: Ability to exert influence within the Bank and wider policy debates, providing robust challenge while working constructively with fellow members.
  • Interpersonal and communication skills: Excellent interpersonal and communication skills: Ability to defend decisions and communicate externally with credibility, including to Parliament and the public.
  • Judgement: Effective decision making skills, with the ability to critically analyse a wide range of information to make clear and objective evidence based recommendations to support the delivery of the organisation’s objectives.

Desirable criteria

  • Breadth and holistic experience are encouraged; this may include, but is not limited to, wholesale/financial markets, the application of emerging technologies (including AI), and/or retail banking.

How to Apply

Find out more HERE

In order to apply you will need to create an account or sign in.

Once you are logged into your account, click on ‘apply for this role’ and follow the on-screen instructions To apply, all candidates are required to provide:

  • equality information
  • information relating to any outside interests or reputational issues
  • a Curriculum Vitae (CV)
  • a supporting statement

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