At a Glance
- Tasks: Lead debt management policy and advise ministers on financial strategies.
- Company: Join the Treasury, influencing UK economic decisions for a better future.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
- Why this job: Make a real impact on public spending while developing your expertise in finance.
- Qualifications: No formal qualifications needed, just a passion for economics and a willingness to learn.
- Other info: Work in a dynamic team with opportunities for personal and professional growth.
The predicted salary is between 43200 - 72000 £ per year.
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:
- 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).
- 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.
- 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.
- Actively contributing to the Treasury’s financial markets team, building expertise to synthesise complex market developments for ministers and senior officials.
- 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.
Senior Policy Adviser - Debt Management employer: HM TREASURY
Contact Detail:
HM TREASURY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Policy Adviser - Debt Management
✨Tip Number 1
Familiarise yourself with the current debt management policies and recent fiscal events in the UK. Understanding the context and recent developments will help you engage in meaningful discussions during interviews.
✨Tip Number 2
Network with professionals in the field of public finance and debt management. Attend relevant seminars or webinars to connect with individuals who can provide insights into the role and the Treasury's work.
✨Tip Number 3
Prepare to discuss your analytical skills and how they can be applied to debt management policy. Think of examples from your past experiences where you've successfully analysed complex information and made informed decisions.
✨Tip Number 4
Showcase your interest in economics and financial markets by staying updated on current trends and issues. Being able to discuss these topics confidently will demonstrate your commitment to the role and its responsibilities.
We think you need these skills to ace Senior Policy Adviser - Debt Management
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key accountabilities and responsibilities. Highlight how your skills and experiences align with the requirements, especially in areas like debt management policy and financial analysis.
Tailor Your CV: Customise your CV to reflect relevant experience in public finance or economic policy. Use specific examples that demonstrate your ability to influence decision-making and manage complex financial matters.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your motivation for applying. Discuss your interest in debt management and how you can contribute to the Treasury's goals.
Prepare for the Interview: Anticipate questions related to debt management policy and your analytical skills. Be ready to discuss your understanding of the role and how you would approach the challenges mentioned in the job description.
How to prepare for a job interview at HM TREASURY
✨Understand the Role's Key Responsibilities
Make sure you thoroughly understand the key accountabilities of the Senior Policy Adviser role. Be prepared to discuss how your experience aligns with advising ministers on debt management policy and managing relationships with key partners like the Debt Management Office.
✨Showcase Your Analytical Skills
Since the role requires robust analysis to underpin decisions, be ready to provide examples of how you've used analytical skills in previous positions. Discuss any relevant experiences where your analysis influenced decision-making or policy development.
✨Demonstrate Interest in Financial Markets
Even though a formal background in economics isn't required, showing a genuine interest in financial markets is crucial. Prepare to discuss recent developments in the financial sector and how they might impact government debt management.
✨Prepare for Motivational Questions
The interview will likely explore your motivations for applying. Reflect on what excites you about the role and how it aligns with your career goals. Be honest and articulate your passion for making a difference in public spending and economic growth.