Head of Central Financial institution Digital Foreign money
Apply earlier than 11:55 pm on Tuesday seventh February 2023
The profitable candidate might be liable for management of HM Treasury’s work on a possible digital pound – a UK central financial institution digital forex (CBDC). This work is necessary, complicated and cross-cutting, and the management will contain in depth engagement throughout and past HM Treasury.
Digital innovation is altering the panorama for funds and cash. Using bodily cash is declining whereas new types of non-public sector digital cash are rising. These adjustments supply thrilling alternatives for UK companies and customers, but in addition current new challenges and dangers. This has motivated international locations around the globe to discover digital variations of central financial institution cash.
Right this moment, the Financial institution of England points solely bodily financial institution notes. A digital pound could be a brand new type of digital cash to be used by households and companies issued immediately by the Financial institution of England.
Treasury and the Financial institution of England are working collectively by way of the CBDC Taskforce to discover the case for a digital pound. Treasury and the Financial institution of England have dedicated to seek the advice of collectively on a possible digital pound, and the profitable candidate will lead the Treasury workforce within the wake of the session’s issuance, together with working with the Financial institution of England to think about session responses. The ahead timeline for the work has been set out by Ministers and the Financial institution of England, and the profitable candidate might be liable for setting strategic path inside Treasury to ship on that plan.