Job summary
HM Treasury
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. �
Our work ranges from protecting customers through the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, to promoting British trade around the world and supporting people across the country on jobs, growth and more. �
HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We know that having a range of experiences, ways of working and thinking makes us stronger and better at developing policy that reflects the needs of every community. We embrace different views and experiences and value the new perspective that people from a variety of circumstances bring to the work we do. We welcome applications from candidates who have not previously worked for the Civil Service, mid- and late-career changers with transferrable skills, people from all backgrounds and circumstances regardless of disability, gender, age ethnicity, LGBT+ identity and socio-economic status. �
We are part of the, a pioneering new cross-government hub which brings people together to play an active role in the most important issues of the day whilst working closer to the communities we serve. The campus provides the opportunity for people from all over the UK to help shape the future of the country, and our flexible working practices ensure you can collaborate effectively with our partners. It�s central government, made more accessible to you!
Job description
About the Group
The Financial Services Group advises the government on how to promote a stable and efficient financial services sector, to deliver excellent outcomes for consumers and business, enhance the UK�s position as a global hub for financial services and support economic growth across the country.
The financial services sector is important to the UK economy � providing million jobs and representing over 10% of tax receipts, making a huge contribution to the UK�s economic output. It also provides essential services to individuals � for example, helping them to purchase goods, buy their first home, and plan for their retirement.�
We ensure that financial services businesses such as banks, investment firms, financial advisors and insurers are well-regulated. Ensuring firms treat customers fairly, customers have access to a range of financial services as a result of competition in the market, and there are appropriate remedies in place when things go wrong.
We work on a significant international agenda, which includes promoting openness and trading links between the UK and countries all around the world, including through Free Trade Agreements and other international dialogues and negotiations. To do this we work closely with colleagues in offices overseas from the Foreign Commonwealth & Development Office and the Department for International Trade.
Working with stakeholders is key in Financial Services � for example, we collaborate with the independent regulators to help them fulfil their roles, consult consumer groups on issues affecting them, and work with the sector on wider issues like the net-zero agenda.
About The Team
The Financial Services Strategy (FSS) team is a diverse, collaborative and inclusive team of 19 people. It sits in the centre of the Financial Services Group and is responsible for ensuring a coordinated approach to the department's overarching financial services strategy. The team provides a central hub to develop and drive overarching strategy and co-ordination on a range of sector wide initiatives. This includes leading the group's input into key events in the financial services and economic calendar such as Mansion House and Budget. We are also responsible for the group�s governance structures and programme management processes to monitor the delivery of financial services priorities.
The team also has responsibility for the Treasury�s regulatory strategy for financial services. This includes the relationship and key accountability mechanisms between the government and the financial services regulators. We also lead on the government�s financial services legislative programme. This includes delivering the legislative programme to replace the very large body of assimilated EU law relating to financial services with rules and regulations designed specifically for the UK. It involves determining and delivering the future legislation necessary to support the Treasury�s strategic priorities for the future of financial services.
The work is fast-paced and wide-ranging. The team works very closely with Treasury Ministers and senior leaders, setting strategic direction for the group and supporting the implementation of the government�s objectives across the financial services sector.
The Deputy Director of FSS is expected to take an active leadership role in Financial Services Group (around 150 people), alongside your DD and Director colleagues in the Group Management Team. Our Group is a supportive and exciting place to work, one which takes diversity and inclusion and staff wellbeing very seriously, championing these through its Great Group programme.
About the Job
Key responsibilities of the role include:
1. Playing an active role in the leadership of the Financial Services Group through membership of the Group Management Team. This will include leading on key corporate projects, change management, and playing a visible role connecting the Group with colleagues across the Treasury.
2. Leading the FSS team of around 19 FTE, setting a strong strategy for government�s priorities in financial services policy, helping the team deliver its policy objectives, and fostering a high-performing and supportive team.
3. Building relationships of trust with Ministers, supporting them to meet their goals with evidence-led advice and providing appropriate challenge.
4. Building outstanding and influential relationships with senior leaders at the financial services regulators, in industry and across Whitehall, to further HMT�s objectives on financial services.
5. Balancing competing objectives and priorities in making strategic recommendations to Ministers, undertaking horizon-scanning to spot upcoming opportunities and risks that the group should prepare for.
6. Developing and delivering strategies for ensuring the effective functioning of the Financial Services Group, ensuring a joined-up approach to strategy, policy and delivery across the group.
Candidate Drop-In Session�
We will be running a candidate drop-in session for this role to give you greater insight about the role as well as the chance to learn more about HM Treasury and the recruitment process. If you would like to join us, then use the appropriate link below to join the call on 14 May 14:00-15:00.�
Meeting ID: 372 577 281 957
Passcode: qgxGX2
If you would like further details prior to the closing date for applications, please contact�
Person specification
Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application.
Required Skills, Experience and Behaviours:
For your application, please send us a CV and a statement of suitability setting out how you meet the following behaviours and experience. This should be no longer than 1,500 words, and include no more than 250 words on each criteria below;
7. Ability to lead and motivate a team within a demanding, changeable and highly political environment�
8. A track record of working across a large, complex and often technical area of policy to identify key issues and opportunities and develop creative policy responses
9. Work across team and organisational boundaries to develop strong partnerships that enable you to deliver a joined-up and strategic approach to financial services policy
10. Translate strategic priorities into clear, outcome-focused objectives and workplans, responding quickly and effectively to changing circumstances and cutting through ambiguity to set clear direction for the team and wider group�
11. Ability to build excellent and influential relationships with very senior stakeholders across a range of sectors and on a very diverse set of issues A track record of public policy-making and working closely with regulators, in financial services or a similarly technical and highly-regulated area�
12. A track record of public policy-making and working closely with regulators, in financial services or a similarly technical and highly-regulated area�
At interview stage, you will be assessed on the below criteria:�
13. Experience
14. Strengths
15. Behaviours: Seeing the Big TogetherDelivering at PaceLeadershipCommunicating and Influencing
Interview Task
Prior to your interview, we will contact you about a task that the interview panel would like you to complete as part of the assessment. The exact details will be communicated to you nearer the time.�
Behaviours
We'll assess you against these behaviours during the selection process:
16. Seeing the Big Picture
17. Delivering at Pace
18. Leadership
19. Communicating and Influencing
Benefits
Alongside your salary of �75,000, HM Treasury contributes �20,250 towards you being a member of the Civil Service Defined Benefit Pension scheme.
20. 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)��
21. Flexible working patterns (part-time, job-share, condensed hours)��
22. Generous parental and adoption leave package.�
23. A which provides an attractive pension, benefits for dependants and average employer contributions of 27%��
24. Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room��
25. Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving��
26. Access to a retail discounts and cashback site��
27. A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes��
28. A range of active staff networks, based around interests ( analysts, music society, sports and social club) and diversity ( women in the Treasury, ethnic minority network, LGBT* network, faith and belief network)�
Flexible Working Arrangements
HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they can enjoy a long-lasting career with us. All employees have the right to apply for flexible working and there are a range of options available including; part-time, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees the flexibility to adjust their working patterns throughout the week which is subject to operational needs and line management approval.��
At HM Treasury we have an incredibly broad remit; our work touches every citizen of the country. So, it�s important our employees come from the widest possible range of backgrounds, bringing us the widest possible range of perspectives and ways of thinking. We are committed to ensuring that all staff can realize their potential and achieve a healthy work-life balance.�
HM Treasury operates an office based working approach across all Treasury sites - Darlington, London, and Norwich, and along with the rest of the Civil Service, has an expectation of a minimum of 60% attendance in the office, along with working remotely. This blended working approach allows you to work collaboratively, meet stakeholders face to face, support others and promotes a healthy work life balance (please be aware that this role can only be worked in the UK and not overseas). Some roles will not be suitable for Hybrid Working. Similarly, Hybrid Working will not suit everyone�s circumstances. Arrangements will be discussed and agreed with the successful candidate(s) and subject to regular review. All our offices have been recently modernised and designed to collaborate and connect with colleagues as well as desk and quiet space to allow a range of ways to work.