Senior Technical Specialist
Operations & Supply ChainPosted 14 Jul 2026
Advertised as “Cyber Underwriting & AI Risk Senior Technical Specialist (23 month FTC)”
Posted 14 Jul 2026
Advertised as “Cyber Underwriting & AI Risk Senior Technical Specialist (23 month FTC)”
The original posting with the fluff stripped out
| Base salary | £98,000 – £122,500 / yr |
|---|
Senior Technical Specialist Cyber Underwriting, Cat Risk & Exposure Management, Data and General Insurance Risk Division (DGIRD) - Insurance Supervision
Location: Leeds or London
Up to 23 month FTC
Insurance Directorate
The Insurance Supervision Directorate has responsibility for the supervision of over 500 UK insurance companies and branches of international insurers. We fulfil the PRA's primary objective of UK insurers safety and soundness and policyholder protection.
Data and General Insurance Risk Division (DGIRD)
The Data and General Insurance Risk Division (DGIRD) brings together actuarial, risk specialist and data analytics expertise to support the PRA's supervision of the UK insurance sector. DGIRD combines technical expertise across catastrophe risk, exposure management, climate risk, cyber underwriting risk, capital, reserving, reinsurance and general insurance underwriting with growing data and analytics capabilities. Working closely with supervisors, policy colleagues and specialists from across the Bank, the division provides technical advice, delivers thematic reviews, supports firm-specific supervision, undertakes research and horizon-scanning activities, and contributes to major cross-industry initiatives. The division aims to operate as one integrated division, combining technical excellence, supervisory insight and data-driven analysis to support the PRA’s objectives and financial stability.
Job Description
This is an exciting opportunity to help shape the PRA’s approach to cyber underwriting and AI risk, as part of a two-year contracting role as a Senior Technical Specialist. The role's primary focus will be cyber underwriting risk and AI-related insurance risk, including how firms identify, quantify, manage and aggregate exposures arising from cyber incidents and AI-related losses, and how these risks interact with broader prudential risks.
The role will also support work on catastrophe risk and exposure management.
Working across supervision, policy and other specialist teams, the successful candidate will provide technical leadership and judgement on complex issues, support firm-specific supervision and cross-market thematic work, contribute to horizon scanning and emerging risk identification, and help develop the PRA’s approach in these areas. The role will also support the operation and development of relevant cross-Bank technical networks, helping to coordinate specialist input, develop capability and deliver outputs that are useful for supervisors and senior stakeholders.
Key Responsibilities
Lead and develop the PRA's technical approach to cyber underwriting and AI-related insurance risk, including exposure management and underwriting, as well as collaborating with other technical specialists on areas such as pricing, capital and reinsurance.
Provide expert technical input to supervision of firms’ cyber underwriting, AI-related insurance risk and exposure management, including reviews of regulatory reporting data, risk frameworks, exposure data, aggregation controls and management information.
Contribute to horizon scanning, thematic work and views of risk, including emerging cyber and AI-related insurance risks, the development of affirmative and non-affirmative AI coverage, and the potential impact of technological developments on insurance underwriting, exposure management and business models.
Support work on natural and non-natural catastrophe risk and exposure management, drawing links between cyber, catastrophe and broader aggregation risk where relevant.
Contribute to the Catastrophe Risk & Exposure Management and Cyber cross-Bank Networks, helping set priorities, coordinate technical work, support delivery of outputs and build capability across supervision.
Support supervisors and senior stakeholders in understanding prudential risks arising from cyber underwriting, catastrophe risk, exposure management, AI and other emerging developments in insurance.
Present technical analysis and challenge at relevant internal committees, including the Insurance Risk Committee where appropriate.
Represent the PRA in engagement with firms, industry bodies, academia, regulators and other external stakeholders.
Work with colleagues to identify opportunities to use data, analytics and emerging technologies to support technical assessment and supervisory insight.
Share knowledge and support the development of colleagues through technical leadership and training, peer review and practical guidance.
Number of direct reports: 0
There are no direct people-management responsibilities, however the role-holder is responsible for the day-to-day technical development of specialists and network members.
Role Requirements:
Minimum Criteria
Essential Criteria
Desirable Criteria
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
The salary ranges on offer are:
Leeds: £97,920 - £110,160
London: £108,800 - £122,400
In addition, we also offer a comprehensive benefits package as detailed below:
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
The Application Process
Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages.
This role closes on 4th August 2026
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.
We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.
Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.
It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.
There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
Join us and find a bank like no other. Together, we can make a difference.
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If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice