Priya
International Finance Division
Economics, Cambridge; MSc Economics, UCL
After nearly two years in my first job, I decided to move to a different area of the Bank. I wanted to widen my skill set and also understand how another part of the Bank operates. I’m now in the International Finance division, which is part of the Financial Stability directorate.
Briefing senior people in the Bank
My main responsibilities include assessing risks in certain sectors and countries that I’ve been assigned to cover. My work involves carrying out analysis and talking to market participants. Then I use this information to brief senior people in the Bank, either in meetings or through written work, about the implications for UK financial stability.
For example, I might come into work to find that a key economic indicator has just been published. I would have to summarise the news, analyse whether it was in line with what we would expect and come to a conclusion about what this means for the country in question. I might send this around my team, or if it’s of interest, to staff in other areas of the Bank.
Seeing projects through from start to finish
My job is great, because I can take my time and really think deeply about policy issues. It’s satisfying to see a project develop from the planning stages to data collection and analysis, and then through to the final write-up.
I also have really good opportunities to interact with staff across the Bank and the rest of the Tripartite (the Financial Services Authority and HM Treasury). It’s important that we build good working relationships so that we can work effectively together to mitigate threats to the UK financial system. So I speak to my colleagues at the FSA and HMT every week, and often have lunch with colleagues from other areas of the Bank.
Taking on more responsibility
As my experience has grown within the Bank, I’ve been able to take on more responsibility – and that will help prepare me for a future management role. For example, I already act as a coach for someone who has recently joined the Bank, and I will also become a buddy to a new entrant when they join my division in October. My job will be to make sure that they settle into working life comfortably and understand the workings of the whole Bank and our division in particular.