Welcome to life at the forefront of the UK’s financial sector.

The Prudential Regulation Authority (PRA) was created in response to the financial crisis. Our role is to protect the stability and integrity of the UK’s banking and insurance industries. Our work is high profile, hugely varied, and intellectually stimulating. It’s also never been more important. Join us, and you’ll become a key part of it.

Supervision explained

While much of our work is complex, our aim can be summed up in simple terms: we work to prevent any future financial crises.

Supervision has a significant part to play in this. It’s here that we work with insurers, banks, building societies, lenders, and credit unions across the UK’s banking and insurance sectors – aiming to promote their safety and soundness. We analyse, advise, support and guide. When necessary, we enforce.

If you join the team, you’ll help deliver this work. Building strong relationships with specific financial firms, you’ll take the lead on assessing and mitigating risks. This will mean digging down into everything from the firms’ business models and capital data to their operations and governance. You’ll make recommendations based on your findings, and then instigate and influence any changes that need to happen.

It’s high-profile work, and it can get very complicated. But it’s hugely rewarding. After all, by promoting a safer and more robust financial sector, you’re working to benefit every single person in the UK.

What makes an effective supervisor?

While financial experience is highly valued, and although we work at the forefront of the financial sector, that doesn’t mean that only those with a financial background work here. In fact, while an understanding of finance is an asset, it’s far from essential. Right across our team you’ll find talented people from diverse backgrounds such as science, education, civil service and the military.

Whatever your background, you’ll need to be:

An analytical

A tenacious
problem solver

A confident


Because you’ll be processing, interpreting and questioning large amounts of data
Because you’ll be tackling complex issues that need answers and dealing with multiple competing priorities
Because you’ll be talking (and writing) to all kinds of stakeholders, both inside the Bank and across the financial sector
Because you’ll often find yourself operating and influencing at board level

Meet the team

As your future colleagues, our current supervisors are ideally placed to give you a clearer picture of life and work at the Prudential Regulation Authority. Read on to find out what inspired them to join, and what motivates them about their work.

  • Ben, Supervisor, Overseas Banks
  • James, Supervisor
  • Jia, Supervisor
  • Christopher, Supervisor, US Banks
  • Helio, Senior Supervisor
  • Sailaja, Senior Supervisor
  • Rufaro, Senior Supervisor
  • Radhika, Supervisor


Supervisor, Overseas Banks

What attracted you to come and join the Bank and specifically, the PRA?
The Bank is one of the most influential and prestigious organisations in the UK. This combined with the Bank’s ethos of working for the UK population was the biggest attraction for me. It really set it apart from other financial institutions. The PRA was particularly appealing as it gave me the opportunity to gain a unique insight into the way the UK financial sector operates and the risks posed to its stability.

What, in a nutshell, does your job involve?
As a supervisor of international banks, it’s my job to assess the potential impact that these firms can have on UK financial stability. Day-to-day, this means working closely with the banks to assess and mitigate key risks, and using my supervisory powers to oversee their work.

What are the biggest or most interesting challenges you've had since joining the PRA?
Carrying out capital assessments for firms has been really interesting. Another highlight was a trip to Mumbai for the Annual Indian Bank Colleges, where I presented to other international regulators.

What, in your opinion, is the best thing about working for the Bank of England?
The best thing about the role is the work itself. It’s so varied and interesting. There are new challenges every day.

How easy was it to turn your skills to a challenge in a new sector?
The most difficult part for me was developing my knowledge of the financial sector and regulatory framework. Although there was a lot of information to take in, it was manageable thanks to the training and support the bank gave me. Once I’d developed my knowledge, I was able to use my assessment and risk-management skills to much greater effect.



What attracted you to come and join the Bank and specifically, the PRA?
My background is in science. Having read Applied Physics at university, I'd had several jobs in the science world, but I'd reached a point where I was looking for a new challenge. I was open to a career change, so when I saw the role advertised I was immediately interested – not least because there were a lot of skills I had that were transferable. Working for the ‘good of the people' also appealed.

What, in a nutshell, does your job involve?
Here's how I describe it at dinner parties: my job is essentially about ensuring that the banks I supervise follow banking regulations, have adequate capital, and, if they did fail, are able to do so in an orderly fashion. That's the simplified version, anyway.

What are the biggest or most interesting challenges you've had since joining the PRA?
There's a lot to choose from. I've overseen enforcement action, the sale of a bank, a firm wind-down and a firm that is restarting with a new business plan after several years of dormancy. They were all massive challenges in their own way. And they were all so interesting. The complexities and nuances as to how you deal with each scenario are hugely different.

What, in your opinion, is the best thing about working for the Bank of England?
I'd say the most pleasing aspect is the culture. Coming in from a non-banking background could have been difficult, but I've not been expected to ‘know it all'. I've been given time to learn and lots of training, and absolutely everyone has been generous with their time when I've asked for support. There is a genuine desire here to help.

How easy was it to turn your skills to a challenge in a new sector?
I felt some trepidation about coming into a completely new sector. But actually a massive amount of the work is no different really. How you look at a problem, analyse it, find the root cause, how you address it – it's very akin to scientific process. My science background has been very useful, simply by enabling me to deal with problems in a logical way.



What attracted you to come and join the Bank and specifically, the PRA?
The international status of the Bank, for one. I also felt that working here would give me the bigger picture in banking. I wanted a broader experience, and I knew I'd get one here.

What was your background before you joined?
It was purely financial. I worked in Credit Risk Management for eight years, in technical modelling roles firstly with Bank of America and then Lloyds Banking group.

What, in a nutshell, does your job involve?
I speak regularly to senior stakeholders in external businesses. I analyse data, such as business analysis models and profit and loss accounts, to assess any risks. Then I report back to these businesses and advise on supervisory changes that need to be made.

What are the biggest or most interesting challenges you've had since joining the PRA?
It's been probably the communication side of things. I knew how to model and analyse capital models, but working here brought the added challenge of influencing senior stakeholders and leadership teams. The changes that we suggest have to be made, and we can face resistance. You have to know how to communicate clearly and get people onside.

What, in your opinion, is the best thing about working for the Bank of England?
They give you the training and support you need to be good at your job. I mentioned that the communication was a challenge for me. The Bank was happy to help. They provided me with training courses about impact and influence, and improving my writing skills. These, combined with more industry-specific training about financial markets and capital and liquidity, gave me the confidence to work independently.


Supervisor, US Banks

What attracted you to come and join the Bank and specifically, the PRA?
I was working as a teacher when I initially applied to join the Bank. I wanted an opportunity to continue working for the public good, whilst also being able to more directly apply my knowledge of economics. I was also keen to work in London, so overall the Bank seemed like the ideal place to be.

A few years later, I moved internally to a supervisory role in the PRA. I was really interested in the varied nature of the work and felt that the PRA would be a great place to develop my skills.

What, in a nutshell, does your job involve?
I’m part of a team that supervises international banks which operate in the UK. Our overall aim is to help build a more resilient UK financial system by mitigating the risks posed to and by these banks and the services they provide to the UK economy.

Day-to-day, I liaise closely with senior managers at the banks, other UK and international regulators, technical and risk specialists within the PRA, and other supervisory colleagues. My job involves analysing reports, management information and data in a logical way, then using my judgement to create informed supervisory views. I then present my findings back to relevant audiences.

To be a supervisor, you need to be organised and a strong communicator. You must also have the ability to focus on both fine details and the bigger picture.

What are the biggest or most interesting challenges you've had since joining the PRA?
Developing the range of knowledge you need is definitely the most challenging part. Working at the Bank, and specifically in supervision at the PRA, draws on a huge breadth of information. It’s quite difficult to become an expert in everything (although some particularly admirable colleagues seem to manage it!) so having an awareness of who to consult when help is needed, is invaluable.

Early in my career, I found meeting and working with banking industry leaders, executives and senior PRA staff very interesting. I gained knowledge and insights that continue to serve me well today.

What, in your opinion, is the best thing about working for the Bank of England?
I would say it’s working in the heart of the UK financial system and, at the same time, being at an organisation which is forward-looking, flexible and full of interesting and talented people.

How easy was it to turn your skills to a challenge in a new sector?
Obviously, it’s all about being able and willing to show versatility. Skills I developed earlier in my career have been very transferable to my work at the PRA. There are also always plenty of colleagues eager to share their wisdom and expertise if you need help with a new challenge.


Senior Supervisor

What attracted you to come and join the Bank and specifically, the PRA?
What is there to not like? The PRA is on top of insurance regulation. When I came to the UK from Brazil, my plan was to work in insurance, and I went through a very winding route to get where I am. The job is very interesting and exciting, the team is great and the work we do is referenced worldwide. I wanted to be part of that!

What was your background before you joined?
I've worked in a number of roles within the Insurance industry, including Insurance Companies and Insurance Brokers where I was responsible for developing products and managing them. Before joining the PRA I was working at a rating agency that focuses on the insurance industry. There I further developed my analytical and financial analysis skills.

What, in a nutshell, does your job involve?
My team and I look at insurance companies' financials, risks and business models, to come to a judgement on where the key risks to the financial industry and policyholders lie. We then draw a supervisory plan on the back of that and ensure that any gaps found are addressed. We also have to build relationships with firms.

What are the biggest or most interesting challenges you've had since joining the PRA?
It is very challenging to meet insurance companies' senior managers and to deliver negative messages. It can be tough to get your head around the volume of information we have here, and the same goes for applying a number of supervisory frameworks to the firms in your portfolio. It is very challenging to arrive at our recommendations and then present them to a panel of insurance market veterans.

What has surprised you about working at the PRA?
I've been pleasantly surprised by the number of technical specialists in a number of areas who are there to support you with their particular expertise.

Aside from the role, is there anything else you're enjoying about working at the Bank?
The job environment is great. And the PRA supports anyone who would like to get a different experience, whether that's working for a different team in the PRA, or a completely different part of the Bank.


Senior Supervisor

What attracted you to come and join the Bank and specifically, the PRA?
Having taken a planned career break from the financial services industry, I was keen to come back to the sector. It was important to me that I found a role where I could draw on my previous financial services experience, be part of a collaborative work environment, and have a deeper sense of purpose. That's what really drew me to join the Bank.

What was your background before you joined?
I have an investment banking industry background. I used to work in Project Finance, which involves taking a very comprehensive and forward-looking view with regard to risk and mitigants. I felt this made me a good match for the work of a Supervisor and the PRA's objectives. My experience, and the fact that I enjoy building relationships with stakeholders, also translated well to the new challenge.

What has the process been like to join the PRA?
I found the application and onboarding process quite seamless. Once I applied for the role I heard back from the Bank quite quickly, and from there things moved at a consistent pace through each stage. The Human Resources team remained in touch within the agreed timeline on each occasion and if there was any delay, they made sure I was kept informed. It was definitely one of the most positive application processes I have been through.

What has been the best aspect of the Bank or role since joining the bank?
There are a number of great aspects to the Bank and role itself, but the one that immediately comes to mind is the atmosphere. It's definitely the most open and collegiate place I have ever worked in. The regulatory environment is complex and constantly evolving, which means you often need to draw on the experience of team members, as well as collaborate with colleagues and technical experts across business areas and functions. I'm still getting used to how approachable people are, and how generous they are with their time.


Senior Supervisor

What attracted you to come and join the Bank and specifically, the PRA?
The challenge the job would give me and the opportunity to learn from some of the best. I was also attracted by the opportunity to work in a different part of the Bank if I felt I needed a change as the Bank actively encourages secondments and permanent internal moves for that matter.

What was your background before you joined?
I started my career with Lloyd's of London working in the Exposure Management and Market Analysis teams. I also worked for a Lloyd's members' agent and RSA, all of which gave me solid insurance experience.

What, in a nutshell, does your job involve?
I supervise six insurance firms within the London Market. I am responsible for formulating and delivering supervisory strategies to promote the safety and soundness of the firms I regulate.

What are the biggest or most interesting challenges you've had since joining the PRA?
The biggest challenge has been trying to understand Solvency II requirements for the firms I supervise. I have been helped by the workshops run by the Bank to coach supervisors and there are also experienced team members who have provided invaluable help.

What, in your opinion, is the best thing about working for the Bank of England?
Gaining a unique insight into the financial markets and the financial services industry, with the opportunity to contribute to the safety and soundness of the UK financial system

What has surprised you about working at the PRA?
It is the diverse backgrounds of those I have worked with – a pleasant surprise as the difference in perspective and problem solving is very useful for tackling difficult problems.



What attracted you to come and join the Bank and specifically, the PRA?
What I liked about this role was the combination of technical expertise and public service. You develop a really strong understanding of the industry you regulate, and you apply that knowledge to implement policies and decisions that can help deliver a more stable financial system. It sounds a cliché, but knowing that your work has public value can be a really satisfying element of the job. Additionally, the Bank has excellent development opportunities; I can't think of any other institution that offers expertise in so many financial, monetary and policy areas.

Where did you hear about this role?

I was actually approached by a recruiter who asked me if I would be interested in applying for this role. I'm glad I took up the offer to find out more!

What was your background before you joined?

Before I joined the Bank I worked as a Parliamentary Researcher for a Member of Parliament. The skills I use at the Bank are actually very similar to those I used in Parliament: being analytical, scrutinising proposals and data, and engaging with very senior stakeholders. Those skills are just applied to a different subject area, and the Bank trains you up fully to give you that industry-specific knowledge.

What has the process been like to join the PRA?

The joining process is smooth: upon joining you're given a combination of training and practical tasks, so it's a good mix of theory and practice. I've also noticed that everyone is willing to help their colleagues; there will inevitably be times where you have questions or don't understand something, and the willingness of people to invest their time in you really does make the learning process a lot easier.

What has been the best aspect of the Bank or role since joining the bank?
I'd probably point to two different aspects: the first is the quality of training offered by the Bank, and the second is the opportunity to engage with senior individuals right at the start of your career. A lot of trust and responsibility is given to you, and that can be very rewarding.

Are there are any other points relating to your experience at the PRA you'd like to add?

Yes – the balance! You can get your teeth into some really technical and high-profile work at the PRA, while still maintaining a work-life balance. Again, I don't know many institutions where you can be trained to such a technical level and still maintain a life away from your desk. It's a healthy working culture to be in and I know many of my colleagues also appreciate this.


The high profile, challenging work and sense of purpose are not the only benefits to working here. Within this unique institution, you’ll also enjoy a benefits package that sets us apart from other organisations. We won’t list every individual benefit here, but there are some highlights that are well worth a closer look.

Competitive salary and rewards

This specific role offers a base salary of c. £35,000 - £54,000 (subject to experience and skillset). You’ll also enjoy a discretionary performance award based on a current award pool and target award of 10%, with a maximum potential award of 25%. On top of that, there’s a 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.

The Bank of England pension fund

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. The current cost to the Bank of providing this pension is 35% of your salary.

Annual leave

We offer 25 days annual leave with option to buy up to 13 additional days through flexible benefits.

Health and wellbeing

You’ll receive private medical insurance and income protection insurance, as well as benefiting from an on-site medical and dental unit.

Flexible working

Our approach to flexible working is unparalleled. We take the work-life balance of our people very seriously, and we recognise that everyone here has a life outside of work. As such, we are open to all kinds of flexible working options. Right across the PRA, and the wider Bank, you can find examples of people benefiting from arrangements such as flexible hours, part-time working, job shares and career breaks.

To apply

Due to the importance of our work, and the fact that we are one of the fastest growing parts of the Bank of England, this is an exciting time to join us.

We have a range of Supervisor and Senior Supervisor opportunities across our Insurance Teams. To apply, and to become part of work that will create a safer financial sector for everyone in the UK, just click on the box below.

The assessment process for these roles will involve a number of stages and may last between 3 - 6 weeks from initial application, although we will be in touch with you along the way.

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