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This role can be based in either London or Darlington, with an expectation of regular travel to the London office and to the City of London, where in-person meetings are likely to be required. There is scope for some hybrid working.
Job Summary
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.
We are part of the Darlington Economic Campus, 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
This is an exciting and challenging leadership role as one of the Directors of Financial Services and a part of the collective leadership of the Treasury.
The Director jointly leads the Financial Services Group, which collectively advises the government on how to promote a stable and efficient Financial Services sector, to deliver excellent outcomes for consumers and businesses, and enhance the UK's position as a global hub for financial services and support economic growth across the country.
The postholder will be responsible for leading on the domestic side of the Financial Services agenda, including:
* Reforming the regulatory framework for Financial Services.
* Improving outcomes for consumers and business users of Financial Services.
* Driving forward the competition agenda, including how to adapt regulatory policy to keep pace with the rapid pace of technological change in the Financial Services industry.
* Ensuring the growth of the sector
You will also be responsible, with the Co-Director (Richard Knox), for leading a large and dynamic Group which has inclusion, diversity and belonging at its core.
The postholder will report to the Director General of Financial Services, Gwyneth Nurse.
Key Responsibilities:
* Advising the Chancellor and Economic Secretary on financial services policy, taking account of the Treasury’s fiscal and economic objectives and helping them to achieve their mission to grow the sector.
* Delivering new policies to drive the Chancellor’s financial services strategy forwards including on the regulatory environment, domestic competition, payments, innovation, consumer issues (making sure the financial services industry treats customers fairly and provides innovative new products and services to deliver better consumer outcomes) and financial technology (FinTech).
* Jointly leading the Financial Services Group and its Group Management Team with the Co-Director. This will include direct line management and oversight of Banking and Credit, Financial Services Strategy, Insurance and Pension Markets, Payments and FinTech; and Personal Finances and Funds (currently 6 Deputy Directors).
* Jointly leading the delivery of HM Treasury’s Spending Review settlement for the Financial Services Group.
* Undertaking a significant representational function with the top players in the financial services industry including banks, insurers, asset managers, building societies and financial technology firms.
* Leading the Treasury’s relationship with the Financial Conduct Authority, the Financial Ombudsman Service and jointly leading Treasury’s relationship with the Prudential Regulatory Authority. This requires building trust and credibility with senior regulators and working together on key issues of financial services policy.
* Building relationships with Ministers, special advisers, other government departments (particularly BEIS, DCMS, DLUHC, DWP, No. 10), financial services firms, and consumer groups on financial services issues. As a Director, you will also be part of the visible leadership of HM Treasury as a whole.
This is an exciting and challenging leadership role as one of the Directors of Financial Services and a part of the collective leadership of the Treasury.
The Director jointly leads the Financial Services Group, which collectively advises the government on how to promote a stable and efficient Financial Services sector, to deliver excellent outcomes for consumers and businesses, and enhance the UK's position as a global hub for financial services and support economic growth across the country.
The postholder will be responsible for leading on the domestic side of the Financial Services agenda, including:
* Reforming the regulatory framework for Financial Services.
* Improving outcomes for consumers and business users of Financial Services.
* Driving forward the competition agenda, including how to adapt regulatory policy to keep pace with the rapid pace of technological change in the Financial Services industry.
* Ensuring the growth of the sector
You will also be responsible, with the Co-Director (Richard Knox), for leading a large and dynamic Group which has inclusion, diversity and belonging at its core.
The postholder will report to the Director General of Financial Services, Gwyneth Nurse.
Key Responsibilities:
* Advising the Chancellor and Economic Secretary on financial services policy, taking account of the Treasury’s fiscal and economic objectives and helping them to achieve their mission to grow the sector.
* Delivering new policies to drive the Chancellor’s financial services strategy forwards including on the regulatory environment, domestic competition, payments, innovation, consumer issues (making sure the financial services industry treats customers fairly and provides innovative new products and services to deliver better consumer outcomes) and financial technology (FinTech).
* Jointly leading the Financial Services Group and its Group Management Team with the Co-Director. This will include direct line management and oversight of Banking and Credit, Financial Services Strategy, Insurance and Pension Markets, Payments and FinTech; and Personal Finances and Funds (currently 6 Deputy Directors).
* Jointly leading the delivery of HM Treasury’s Spending Review settlement for the Financial Services Group.
* Undertaking a significant representational function with the top players in the financial services industry including banks, insurers, asset managers, building societies and financial technology firms.
* Leading the Treasury’s relationship with the Financial Conduct Authority, the Financial Ombudsman Service and jointly leading Treasury’s relationship with the Prudential Regulatory Authority. This requires building trust and credibility with senior regulators and working together on key issues of financial services policy.
* Building relationships with Ministers, special advisers, other government departments (particularly BEIS, DCMS, DLUHC, DWP, No. 10), financial services firms, and consumer groups on financial services issues. As a Director, you will also be part of the visible leadership of HM Treasury as a whole.
Person specification
When in post, the successful candidate will be expected to perform well across the full range of Senior Civil Service behaviours set out in the Success Profile framework and demonstrate commitment to the Civil Service values.
The essential Criteria for The Purpose Of Selection Are:
* A detailed understanding of financial regulation and the financial services industry
* Outstanding leadership skills including a proven track record of leading high-performing, inclusive teams to deliver in a complex, fast-paced environment (Leadership).
* Strong strategic vision and the ability to develop creative, innovative policy in an environment of rapid technological change (Seeing the Big Picture).
* Proven ability to operate in a policymaking environment and the ability to lead a large, technical and complex portfolio of policy development and legislation (Delivering at Pace).
* Proven track record of working successfully and influencing senior industry leaders either in the field of financial regulation or a similarly technical environment (Communicating and Influencing).
Behaviours
We'll assess you against these behaviours during the selection process:
* Leadership
* Seeing the Big Picture
* Delivering at Pace
* Communicating and Influencing
Alongside your salary of £100,000, HM Treasury contributes £28,970 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
* 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)
* Flexible working patterns (part-time, job-share, condensed hours)
* Generous parental and adoption leave package.
* A Civil Service Pension which provides an attractive pension, benefits for dependants and average employer contributions of 28%
* Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room
* Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving
* Access to a retail discounts and cashback site
* A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes
* A range of active staff networks, based around interests and diversity
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 realise 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.
The office working expectation is linked to the location of the role. If you apply to a post in a single location, then you will not be able to meet this expectation at any of our other sites or move your role to another location.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Experience.
How To Apply
Applications should consist of a CV (of no more than 3 sides) and a 1000-word personal statement demonstrating evidence of how you meet the skills, behaviours and experience detailed in the person specification.
Please note only applications submitted via Civil Service Jobs will be accepted.
HM Treasury will acknowledge receipt of your application and update you once the selection panel has reviewed all applications, after the closing date.
Virtual Staff Engagement Exercise
Those shortlisted will be invited to attend a staff engagement exercise. This is in the style of a focus group with around 4-6 members of staff and the session will be observed by a psychologist facilitating a two-way discussion on a pre-agreed topic.
Informal Conversations
Shortlisted candidates will have the opportunity to have a conversation with the hiring manager to discuss the role.
Interview
Finally, candidates will be invited to an interview in order to have a more in-depth discussion of previous experience and professional competence. The interview will include a presentation, with details to be communicated to candidates in advance. Please review the attached candidate pack for full details of the Success Profiles that will be assessed during the interview.
Recruitment Timeline
* Closing date: 29 June 2025, 23:55
* Shortlisting: w/c 30 June 2025
* Staff Engagement Exercise: w/c 7 July 2025
* Interviews: w/c 21 July 2025
This timeline is indicative and may be subject to change. We will inform you if there is a substantial change to the recruitment timeline.
If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile.
Reserve Lists
You will be placed on a reserve list if your application is successful, but we cannot offer you a post immediately. Where more than one location has been advertised, candidates will be approached for roles in merit order according to the first preferred location stated on your application form.
Please note that a place on the reserve list does not guarantee an offer. We would still encourage you to apply for other HM Treasury opportunities that you are interested in. If you are offered a role in your first preferred location and you decline the offer or you are unable to take up the post within a reasonable timeframe, you will be removed from the reserve list, other than in exceptional circumstances.
Those on the reserve list may also be approached for similar roles at a lower grade. If you are offered a role at a lower grade and choose to decline, you can remain on the reserve list.
Eligibility Statement
A candidate is not eligible to apply for a role in the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government. Checks will be performed as part of pre-employment checks in line with this. Please refer to the Candidate FAQ document attached to the advert for more information.
Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks. Additionally, individuals appointed to the Treasury group will be subject to National Security Vetting. The level of security vetting required for this role is Security Check (SC)
To allow for meaningful checks to be carried out, applicants will need to have lived in the UK for at least 3 out of the past 5 years. In exceptional circumstances, for example if you have been working abroad on a government posting, a lack of residency would not be a bar to security clearance however the Department will need to consider eligibility on a case-by-case basis once the advert closing date has passed.
Please read the Vetting Charter for information on what to expect during the vetting process and what will be expected from you. Many areas of your life may be explored during your vetting journey, and it is important that every individual, regardless of their background and experiences, should feel comfortable going through this personal process, whilst having confidence that it is fair, proportionate, and inclusive.
These short videos address common concerns and preconceptions which applicants may have about national security vetting. If you have questions relating to security clearances, please contact HMTSecurityV
Feedback will only be provided if you attend an interview or assessment.
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Experience.
This role has a minimum assignment duration of 3 years. An assignment duration is the period of time a Senior Civil Servant is expected to remain in the same post to enable them to deliver on the agreed key business outcomes. The assignment duration also supports your career through building your depth of expertise.
As part of accepting this role you will be agreeing to the expected assignment duration set out above. This will not result in a contractual change to your terms and conditions. Please note this is an expectation only, it is not something which is written into your terms and conditions or indeed which the employing organisation or you are bound by. It will depend on your personal circumstances at a particular time and business needs, for example, would not preclude any absence like family friendly leave. It is nonetheless an important expectation, which is why we ask you to confirm you agree to the assignment duration set out above.
Security
Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).See our vetting charter (opens in a new window).
People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).See our vetting charter (opens in a new window).
People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Nationality requirements
This Job Is Broadly Open To The Following Groups:
* UK nationals
* nationals of the Republic of Ireland
* nationals of Commonwealth countries who have the right to work in the UK
* nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
* nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
* individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
* Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)
Working for the Civil Service
The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Contact point for applicants
Job Contact :
* Name : Gwyneth's Private Office
* Email : George.G
Recruitment team
* Email :
Further information
Complaints Process: Our recruitment process is underpinned by the principle of appointment based on fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners’ Recruitment Principles. If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email at:. If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.
Seniority level
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