451701 Policy Adviser - Cash Issuance (Senior Executive Officer)
Salary: National: £43,090 - £46,500. If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.
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: Darlington (Feethams House)
We are looking for an enthusiastic and driven person to manage HMT’s interests in Cash Issuance and become a subject matter expert in coin policy and the wider wholesale cash system.
About the Team
The Debt & Reserves Management (DRM) team is a friendly, busy and outwards facing team of c.28 people, which manages key financial assets and liabilities on the public sector balance sheet – using analysis, oversight and our stakeholder links to Bank of England, the Debt Management Office, National Savings & Investments (NS&I) and The Royal Mint. The team is within DRM, the Retail Debt and Cash Issuance branch and are a supportive and dynamic team leading on a wide ranging, and high profile set of policy issues, with significant engagement from Ministers and Special Advisers.
The branch is responsible for developing strategy and legislation related to banknote and coins; working closely with the Bank of England and The Royal Mint; and sponsorship and spending for NS&I
The key responsibilities of the post-holder will be:
This role is in the Retail Debt and Cash Issuance branch in the Debt and Reserves Management Team within Fiscal Group. We are looking for an enthusiastic and driven person to manage HMT’s interests in Cash Issuance and become a subject matter expert in coin policy and the wider wholesale cash system. In role, the successful candidate will collaborate widely across HMT, The Royal Mint, and The Bank of England. They will regularly advise and brief HMT ministers and seniors in writing and orally on key issues they lead on.
Exact responsibilities will be resolved based on skills, experience and preference, but will include:
Lead on circulating coin matters.
Working closely with The Royal Mint to develop policy related to coinage (particularly with respect to coin production and ordering) ensuring HMT objectives, including meeting demand, affordability and value for money, are reflected.
Supporting the G7 on structuring and developing the department’s future relationship with TRM on coin production.
Lead on commemorative coin
3. Advising the Chancellor of the Exchequer in her role as Master of the Mint on the approval of new coin designs and themes.
4. Sponsorship of the Royal Mint Advisory Committee, including running processes to appoint new members and responding to relevant departmental commissions.
Support on wholesale cash policy
5. Regular engagement with the Bank of England in embedding the Wholesale Cash Distribution Oversight Regime. Advising seniors and Ministers of risks and policy solutions as required.
Shape and understand policy developments in related, wider areas.
6. Building strong relationships across HMT and proactively seeking out areas of joint interest. This will include ensuring HMT objectives in coin issuance are reflected in workstreams and advice, such as Access to Cash and the sponsorship of The Royal Mint.
7. Lead the branch’s response to commissions, correspondence, Freedom of Information Act requests and Parliamentary Questions.
8. Being flexible to Ministerial requests and priorities.
About You
We are looking for people who have the ability to look at complicated information, weigh up different options and clearly explain your recommendation as well as being able to communicate effectively with senior leaders and break down complicated information. We also want you to build good relationships with colleagues from different teams and use these connections to drive goals forward.
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%
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.