75,658 jobs in England & Wales

If you’re interested in making a difference to people’s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth. 

About the Team

Within Fiscal Group, the Debt & Reserves Management (DRM) team manages key financial assets and liabilities on the public sector balance sheet using analysis, oversight and through links to our main partners: the Bank of England (the Bank), the Debt Management Office, National Savings & Investments, and the Royal Mint.

This role is part of the Debt and Liabilities Branch in DRM. We are responsible for advising ministers on debt and cash management policy, ensuring the government can raise the money it needs to fund public services both over the course of a year and on a day-to-day basis. We work closely with the Debt Management Office (DMO), an Executive Agency of the Treasury responsible for debt and cash management operations, such as gilt (UK government bond) auctions.

About the Job

Key Accountabilities:

1.      Being the department’s lead on debt management policy, setting the policy direction in this space and underpinning all decisions with robust analysis (for example, setting the DMO’s financing remit at fiscal events and leading the process for producing and publishing the annual Debt Management Report).

2.      Building and contributing expertise to shape developments in wider areas of government policy and their interaction with debt management (for example broader fiscal strategy, and changes to the pension system), thinking strategically about future challenges and opportunities for delivering debt management policy.

3.      Leading the DMO sponsor branch/policy partner function, overseeing a wide set of policy and sponsor issues such as public appointments and framework/governance issues, and managing the working level relationship between the DMO and HMT.

4.      Actively contributing to the Treasury’s financial markets team, building expertise to synthesise complex market developments for ministers and senior officials.

5.      Line managing one Senior Executive Officer, plus additional task management depending on live priorities.

This is a technical and stretching Grade 7 role, where the postholder will be responsible for overseeing a varied workload covering technical financial market policy matters. You do not require a formal background or qualifications in economics and/or financial markets to apply for, or be successful in, the role – but you must be able to demonstrate an interest in these subjects and a willingness to learn in post. We will examine your motivations in applying for the role at interview.

About You

The postholder will be responsible for leading all aspects of a varied portfolio on government debt management policy. This will include advising ministers on the DMO’s financing remit, which sets out how much the DMO should borrow in financial markets and how that should be split between different financial instruments, as well as related policy development and analysis.

The postholder will need to quickly get to grips with a technical policy area and speedily establish credibility with key policy partners, both within the department and beyond (e.g. with the UK Debt Management Office)

Some of the Benefits our people love!

·      25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month

·      Flexible working patterns (part-time, job-share, condensed hours)

·      Generous parental and adoption leave packages

·      Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%

·      Access to a cycle-to-work salary sacrifice scheme and season ticket advances

·      A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity

For more information about the role and how to apply, please follow the apply link.