The UK government has formally kicked off the search for a successor to Mark Carney as governor of the Bank of England, confirming he will step down at the end of January next year.

The post, advertised today on the government’s public appointments website, carries an annual salary of £480,000. Candidates must be able to “successfully lead, influence and manage a complex and powerful financial institution” and demonstrate capabilities in macroeconomics, financial markets, macro- and micro-prudential supervision.