We’re the central bank of the UK. We are not like other Banks in the UK, our role is unique. Our job is to promote the good of the people of the UK by making sure we have a stable financial system and robust monetary policy in place.
We do this with the support of the below central bank functions.
A stable financial system is one that can provide crucial services to households and businesses in both good times and bad.
Our departments are listed below. For more information see Financial stability.
It is intellectually rewarding and personally meaningful to work on the future of central bank money and payments, and to bring my expertise and unique perspective to such a critical area of innovation.
Jeville, Central Bank Digital Currency Unit
Monetary policy is action that a country's central bank or government can take to influence how much money is in the economy and how much it costs to borrow. As the UK’s central bank, we use two main monetary policy tools; interest rate and quantitative easing.
Our departments are listed below. For more information see Monetary policy.
“The best part of working at the Bank is collaborating with brilliant colleagues and learning something new from them every day. And I enjoy using my skills in quantitative economic modelling on projects that make a real difference, such as the response to the Bernanke review.”
Harry, Monetary Analysis
Our balance sheet – the assets we hold and the liabilities used to fund them – is one of our most important tools for delivering monetary and financial stability. And that is where the Market, Banking, Payments and Resolution Division comes in.
If you are looking for work that is of national importance for our economy and the financial system, there are many exciting opportunities for you to join our team of more than 200 professionals from both the private and public sectors as well as different countries and backgrounds.
The Markets Directorate leads the Bank's market operations. We use our presence, expertise and influence in financial markets to inform and shape the Bank's policy decisions and priorities.
For more information see Markets.
The Banking Directorate is responsible for managing the Bank’s customer banking and settlement operations. As part of this the Directorate makes sure that people have confidence in the banknotes, which means ensuring they are using the latest anti-counterfeit technology, as well as working with financial institutions, banknotes suppliers and retailers to ensure enough high quality banknotes are in circulation.
For more information see Banking services.
The Payments Directorate is responsible for operating the Real Time Gross Settlement service and CHAPS the wholesale payment service.
For more information see Payment and settlement.
"Helping to build a secure and efficient payment infrastructure for the UK is rewarding work. Through inclusive leadership and cross-functional collaboration, the Bank encourages me to bring my unique background and insights to the table."
Roberta, Payments Directorate
Our mission is to protect and enhance Financial Stability through making firms resolvable. If a bank or building society fails, we make sure that happens in an orderly way. So disruption to any of its vital services is minimised.
For more information see Resolution.
If you have a passion for economics and are driven by producing impactful economic analysis to drive decisions for the greater good, we have a role for you.
We want people who are eager to learn and serious about building a career at the heart of the UK economy. You will also need to share our purpose, and be genuinely motivated to join the Bank of England.
As an economics apprentice, it is exciting to apply what I learn at university to my work at the Bank - turning firm data into insights for monetary policy.
Veenaa, Monetary Analysis
