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- Tasks: Lead key government financial strategies and engage with senior leadership.
- Company: Join a vital government department shaping the UK's economic future.
- Benefits: Generous leave, outstanding pension, flexible working options, and discounts.
- Why this job: Make a real impact on national finance and public services.
- Qualifications: Experience in programme delivery and understanding of financial markets preferred.
- Other info: Diverse and inclusive team culture with excellent career development opportunities.
The predicted salary is between 55000 - 65000 £ per year.
Are you interested in playing an important role in a key government Department that offers an exciting opportunity to be part of the decision making that affects the whole of the UK? We are seeking a highly motivated individual to join our Debt & Reserves Management (DRM) team. The team comprises 28 people, with a fascinating range of responsibilities.
About the Team
The Fiscal Group works on a wide-ranging set of issues at the heart of the Treasury’s objectives and of fiscal events such as Budgets. We are responsible for ensuring the sustainability of the government’s finances, overseeing its macroeconomic policy framework, and stable and efficient financing of government liabilities. Work includes advising the Chancellor on the appropriate levels of borrowing and debt (as well as broader commitments like guarantees & insurance), providing analysis of the government’s finances, overseeing financing raised for the government by the Debt Management Office and National Savings & Investments. We work with teams across the Treasury to support decisions on the full range of policy. We also have a particularly wide and deep range of relationships beyond the Treasury including the Office for Budget Responsibility, Bank of England, and the Office for National Statistics.
The Debt & Reserves Management (DRM) team ensures the government can effectively and efficiently raise the finance it needs to fund public services through the gilt market and from retail savers, working with the Debt Management Office and National Savings & Investments. The team is responsible for Treasury’s financial relationship with the Bank of England. It manages key government assets such as the foreign exchange reserves, working with the Bank of England as its agent. It also works with the Royal Mint and Bank to ensure the supply of cash to the economy.
About the Job
- Lead Treasury’s sponsorship and spending function of NS&I engaging with senior Board level leadership.
- Lead Treasury’s interests in the delivery of NS&I’s major business transformation programme and development of their customer remediation programme.
- Represent Treasury on NS&I’s Audit and Risk Committee, providing effective senior challenge.
- Lead Treasury’s role in strategic policy development of sources of government financing from retail savings instruments by National Savings and Investments, ensuring value for money and efficient financing of government debt.
- Lead Treasury’s policy work on innovative government debt financing, including the gilts and retail savings products under the Green Financing Framework, delivering the pilot digital ledger gilt, DIGIT, and overseeing the sovereign sukuk structure.
- Lead the team’s work to ensure the effective and efficient distribution of cash across the economy, working with the Bank of England on the distribution of notes and with the Royal Mint on the distribution of coins.
- Oversee the Treasury’s coin contract with the Royal Mint.
- Jointly lead and develop a diverse, inclusive and highly motivated team, ensuring the team has the right capabilities to deliver its responsibilities.
- Play an active role in the Fiscal Group management team promoting a positive culture in the Group, including supporting staff engagement and wellbeing.
- Show a clear commitment to promoting diversity, inclusion and belonging in the team and Group.
About You
This is a varied and challenging role with accountabilities including: monitoring, challenging and supporting programme delivery and budgets; and setting strategic direction for developing sources of government financing. The role would suit those with experience of programme delivery, commercial acumen, and an understanding of financial markets, though the latter expertise can also be developed in the role. An ability to establish and maintain effective working relationships with senior leaders in our partner organisations (National Savings and Investment, Debt Management Office and Bank of England) is also essential.
Some of the Benefits our people love!
- Generous Annual Leave – 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
- Outstanding Pension Scheme – Defined Benefit pension with employer contributions of 28%.
- Parental Leave Packages – Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
- Flexible & Hybrid Working – Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
- Advance Schemes & Discounts – Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.
For more information about the role and how to apply, please follow the apply link. If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk.
Deputy Director, Debt and Reserves Management team in Durham employer: HM TREASURY-1
Contact Detail:
HM TREASURY-1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Director, Debt and Reserves Management team in Durham
✨Tip Number 1
Network like a pro! Reach out to people in the Debt & Reserves Management team or related areas. A friendly chat can open doors and give you insights that might just set you apart from other candidates.
✨Tip Number 2
Prepare for interviews by diving deep into the Treasury's recent fiscal policies and initiatives. Show us you’re not just interested in the role, but that you understand the bigger picture and how you can contribute.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email. It shows your enthusiasm and keeps you fresh in their minds as they make decisions.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the latest roles and updates right there.
We think you need these skills to ace Deputy Director, Debt and Reserves Management team in Durham
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application to highlight how your skills and experiences align with the specific responsibilities of the Deputy Director role. We want to see how you can contribute to our Debt & Reserves Management team!
Showcase Your Experience: Don’t hold back on sharing your relevant experience, especially in programme delivery and financial markets. We’re looking for someone who can hit the ground running, so let us know what you've done that makes you a great fit!
Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon where possible. We appreciate clarity, and it helps us understand your qualifications better!
Apply Through Our Website: Remember to submit your application through our official website. It’s the best way to ensure we receive your details directly and can process your application smoothly. We can’t wait to hear from you!
How to prepare for a job interview at HM TREASURY-1
✨Know Your Stuff
Make sure you have a solid understanding of the Debt & Reserves Management team's responsibilities and how they align with the Treasury's objectives. Brush up on current fiscal policies, recent budgets, and any innovative financing methods being discussed, like the Green Financing Framework.
✨Showcase Your Leadership Skills
As a Deputy Director, you'll need to demonstrate your ability to lead and motivate a diverse team. Prepare examples from your past experiences where you've successfully managed teams or projects, especially in challenging situations. Highlight your commitment to diversity and inclusion as well.
✨Build Relationships
This role involves working closely with senior leaders from various organisations. Think about how you can showcase your relationship-building skills during the interview. Be ready to discuss how you've established effective partnerships in previous roles and how you plan to do so in this position.
✨Prepare Thoughtful Questions
Interviews are a two-way street! Prepare insightful questions that show your interest in the role and the team. Ask about the challenges the DRM team is currently facing or how they measure success in their initiatives. This not only shows your enthusiasm but also helps you gauge if the role is the right fit for you.