General Counsel

The Bank of England’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. The creation of the Prudential Regulation Authority as part of the Bank places responsibility for microprudential supervision, resolution, macroprudential policy and monetary policy within the same organisation, recognising the fundamental connection between monetary and financial stability. In line with the One Bank strategy announced earlier this year, every part of the organisation is executing this mission.

A critical role, the General Counsel provides legal advice to the senior leadership of the Bank on the very wide range of legal issues that affect the institution. The General Counsel reports to the Governor and is expected to attend and provide legal advice at various Bank committees, including the Bank’s Court of Directors (the board of the Bank), the Financial Policy Committee and the board of the Prudential Regulation Authority.

The role

  • Advise on the statutory framework applicable to the Bank, which includes advising in relation to the PRA’s own rule-making powers.
  • Advise on a very broad spectrum of legal issues, including corporate governance, European law, public/administrative law and litigious matters. Additionally, advising on the Bank’s position in relation to legislative reforms that concern the Bank, whether in the UK or internationally.
  • Lead a legal function of over 90 people in delivering a complex and diverse agenda.

The candidate

  • A qualified lawyer with a strong and detailed understanding of wholesale markets and prudential regulation as well as European and administrative law.
  • An individual who possesses excellent judgement and the willingness to operate as a principal in highly challenging and complex issues.
  • A genuine interest in the work of a Central Bank and the desire to work alongside a highly committed and talented group of people in ensuring the Bank delivers its mandate as effectively as possible.
  • Proven leadership skills.
  • Experience in interacting with a wide range of internal and external stakeholders.