Do you have up-to-date expertise in banking capital rules and regulations, as well as broader experience of financial services policy and legislation? If so, we’d love to hear from you! About the Team 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 significant numbers of jobs and making a large contribution to the UK’s economic output. It also provides essential services to individuals – for example, helping them to purchase goods with ease, buy their first home, and plan for their retirement. During the COVID pandemic, it played a critical role in supporting individuals and businesses – for example, in providing payment holidays for individuals and businesses affected by the pandemic and working with the government to deliver Bounce Back Loans. 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. The Prudential & Sustainability team are a friendly team with a multifaceted and high-profile remit, responsible for policy on sustainable finance and prudential banking. The team is broadly split between London and Darlington, and works closely with the rest of the group, and the department, in particular the Financial Stability and International Groups. About the Job In this role, you will specifically work on: Implementing Basel 3.1: Finalising the framework for Basel 3.1, the post-crisis reforms to banking capital, including legislation, stakeholder engagement, and ministerial advice. Securitisation: Tracking developments in other jurisdictions and considering ways for the UK securitisation environment can be optimised. Overseas Regimes: Developing and legislating the UK’s approach to overseas regimes in banking regulation, and analysing the case for new regimes, ensuring consistency with HMT’s overarching approach to overseas regimes in financial services Investment firm prudential regulation: Engaging with the FCA on improvements to the UK’s prudential regulation for investment firms. Overall capital strategy: This role shares responsibility with other Treasury teams for taking forward a regulator-led review of the overall capital framework in the UK. This involves a combination of regulatory and industry engagement, and policy analysis of the banking capital rulebook. Broader banking regulatory issues: The unit also picks up broader financial and banking regulation issues as they arise. Leading the Unit: The post-holder will lead the three-person Prudential Banking Unit which is spread between London and Darlington, and will be expected to demonstrate strong managerial skills in line with the Management Compact About You You will use your up-to-date expertise in banking capital rules and regulations, as well as broader experience of financial services policy and legislation. You will be able to understand and analyse policy detail, identifying key issues and how they fit into overall organisational objectives to make policy recommendations and build relationships, work effectively with partners, and align incentives across stakeholders, including senior staff across your organisation and external stakeholders. 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. 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.