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- Tasks: Lead the Treasury's approach to debt and financial markets, shaping key government policies.
- Company: Join a dynamic team at the heart of the UK Treasury.
- Benefits: Enjoy flexible working hours, generous leave, and a strong pension scheme.
- Other info: Be part of a diverse team committed to inclusion and professional growth.
- Why this job: Make a real impact on the UK's financial stability and government financing.
- Qualifications: Experience in economics or finance, with strong leadership and analytical skills.
The predicted salary is between 81000 - 81000 £ per year.
Salary: £81,000
Contract Type: Permanent
Working Pattern: This post is available on a full-time, part-time or job-share basis, and flexible working hours can be accommodated.
Location: London or Darlington
Are you ready to shape the UK government’s approach to debt, reserves and financial markets? In this high-impact leadership role, you will help steer decisions at the heart of the Treasury, working with Ministers, senior officials and key institutions including the Bank of England, the Debt Management Office and National Savings & Investments. If you bring strong leadership, sound judgement and an interest in complex economic and financial policy, this is an opportunity to make a real difference.
About the Team
The Fiscal Group works on some of the Treasury’s most important priorities, including the sustainability of the public finances, the macroeconomic framework, and the financing of government liabilities. The team supports major fiscal events such as Budgets and advises on borrowing, debt, guarantees and other financial commitments. We work closely with colleagues across the Treasury and with partners including the Office for Budget Responsibility, the Bank of England and the Office for National Statistics. We value a broad mix of skills and backgrounds, and we are proud of the diversity of our people.
The Debt & Reserves Management team is a 28-person team with responsibility for some of the government’s most significant financial activities. The team helps ensure government can raise finance efficiently through the gilt market and retail savings, manages key relationships with the Debt Management Office, National Savings & Investments and the Bank of England, and oversees important assets such as the UK’s foreign exchange reserves. It also supports the supply of cash across the economy.
About the Job
In this role, you will:
- Lead Treasury’s role in policy development and ministerial advice on government financing through conventional debt instruments issued by the Debt Management Office, ensuring value for money and the efficient, smooth financing of wholesale government debt.
- Lead Treasury’s sponsorship of the DMO.
- Lead the team’s work on financial markets, including monitoring and assessing developments in financial markets, including gilts and wider sterling rates markets, and ensuring timely, relevant information and advice is provided to senior officials and Ministers; and supporting ministerial and senior official engagement with financial market participants.
- Lead oversight of the management of the government’s foreign exchange reserves held in the Exchange Equalisation Account, working with the Bank of England as management agent and supporting the Treasury’s Chief Economic Adviser.
- Oversee the team’s role in representing Treasury’s interests as shareholder of the Bank of England, including monitoring risk exposure to the Bank’s balance sheet and the implications for its capital, as part of guardianship of the Memorandum of Understanding on the Financial Relationship between Treasury and the Bank.
- Lead the team’s work on the governance of the indemnified Asset Purchase Facility and policy on indemnifying any Bank of England interventions in crises.
- Jointly lead and develop a diverse, inclusive and highly motivated team, ensuring it has the right capabilities to deliver its responsibilities.
- Play an active role in the Fiscal Group Management Team, promoting a positive culture across the Group, including staff engagement and wellbeing.
- Show a clear commitment to diversity, inclusion and belonging in the team and wider Group.
This is a high-impact role spanning macroeconomic and financial stability policy, government financing and balance sheet management. It would suit someone with experience in economics, finance or financial markets, and the ability to build strong relationships, lead complex analysis and shape policy with confidence. You will work alongside a co-Deputy Director to lead a large, high-performing team across a broad and connected portfolio.
About You
We’re looking for people who can lead inclusive, high-performing teams in a complex and fast-paced environment, build strong relationships with senior leaders across organisations, develop clear and creative solutions to difficult policy challenges, and communicate technical analysis with confidence and clarity to senior decision-makers.
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.
Deputy Director - Fiscal Group, Debt and Reserves Management 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 - Fiscal Group, Debt and Reserves Management in Durham
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the organisation and its recent projects. Tailor your responses to show how your skills align with their goals, especially in areas like financial markets and government financing.
✨Tip Number 3
Practice your pitch! Be ready to explain why you're the perfect fit for the Deputy Director role. Highlight your leadership experience and ability to navigate complex economic policies with confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Deputy Director - Fiscal Group, Debt and Reserves Management 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 role of Deputy Director. We want to see how you can contribute to our mission in managing debt and reserves effectively.
Showcase Your Leadership Skills: This role is all about leading a diverse team and making impactful decisions. Be sure to include examples of your leadership experience and how you've successfully managed teams or projects in the past.
Be Clear and Concise: When writing your application, clarity is key! Use straightforward language and get straight to the point. We appreciate well-structured applications that are easy to read and understand.
Apply Through Our Website: Don’t forget to submit your application through our official website. It’s the best way for us to receive your details and ensure you’re considered for this exciting opportunity!
How to prepare for a job interview at HM TREASURY-1
✨Know Your Stuff
Make sure you brush up on the latest trends in fiscal policy, debt management, and financial markets. Familiarise yourself with the Treasury's recent initiatives and how they impact government financing. This will show your genuine interest and help you engage in meaningful discussions during the interview.
✨Showcase Your Leadership Skills
Prepare examples that highlight your leadership experience, especially in high-pressure environments. Think about times when you've led a team through complex challenges or made significant decisions. Be ready to discuss how you foster inclusivity and motivate your team to achieve their best.
✨Build Relationships
Demonstrate your ability to build strong relationships with senior leaders and stakeholders. Prepare to talk about your experience collaborating with various organisations, like the Bank of England or the Debt Management Office. Highlight how you’ve successfully navigated complex relationships in the past.
✨Communicate Clearly
Practice explaining technical concepts in a straightforward manner. You might be asked to present complex analysis, so think about how you can break it down for someone who may not have your background. Clear communication is key, especially when advising senior officials and Ministers.