This post is based in Darlington (Feethams House) only.
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.
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
The Group
Fiscal Group works on a wide-ranging set of issues at the heart of the Treasury’s objectives and of fiscal events such as Budgets. We are responsible for ensuring the sustainability of the government’s finances, overseeing its macroeconomic policy framework, and stable and efficient financing of government liabilities. Work includes advising the Chancellor on the appropriate levels of borrowing and debt (as well as broader commitments like guarantees & insurance), providing analysis of the government’s finances, overseeing financing raised for the government by the Debt Management Office and National Savings & Investments.We work with teams across the Treasury to support decisions on the full range of policy. We also have a particularly wide and deep range of relationships beyond the Treasury including the Office for Budget Responsibility, Bank of England, and the Office for National Statistics.
Delivering these objectives requires a range of skills and backgrounds, and we are proud of our diversity.
The Team
The Debt & Reserves Management (DRM) team manages key financial assets and liabilities on the public sector balance sheet. We use analysis, oversight and our connections with the Bank of England, the UK Debt Management Office (DMO), National Savings & Investments (NS&I) and the Royal Mint.
Within DRM, the Innovative Financing Branch (IFB) is a small team leading on novel government financing instruments, including green bonds (‘green gilts’), sovereign Sukuk (Sharia-compliant government bonds), the pilot Digital Gilt Instrument, and exploring other potential innovative debt instruments. The branch works with the DMO, the Bank of England, climate policy colleagues, and the financial services sector.
We expect that this role will be focused upon green financing and Sukuk, subject to business needs and the role holder’s interests.
About The Job
This will be a stretching and high-profile post. Previous policy or analytical experience is desirable but not necessary – the most important thing is to be intellectually inquisitive and enthusiastic about finding solutions to complex problems.
The successful candidate will support the development and delivery of the UK’s Green Financing Programme, through which the government issues green gilts and retail Green Savings Bonds. Having raised almost £48 billion for projects with positive environmental impacts since 2021, this is a policy area of high interest to ministers, and a centrepiece of the government’s green finance agenda. They will work closely with the DMO, NS&I and government spending departments, as well as climate, public spending and financial services colleagues in the Treasury. They will support high profile events, such as the Budget or Mansion House address, and contribute to policy advice for ministers.
The successful candidate will also have a significant role in managing the government’s sovereign Sukuk, which is a key pillar of the UK’s Islamic Finance Strategy. Working with colleagues, the candidate will help consider how Sukuk issuance might support the UK’s objectives in this important area of global finance. The role holder will have significant exposure to ministers and senior officials as HM Treasury approaches a decision on whether to issue a third Sukuk.
The role will involve regular engagement with influential market participants, such as global banks and Sukuk or green gilt investors. There may be opportunities for international engagement with other governments pursuing or considering their own green bond programme or other innovative debt instruments.
The successful candidate will have opportunities to access learning and development relevant to the role. They will contribute to DRM team’s market monitoring for ministers as they build expertise in the role.
Key Accountabilities For This Role Include:
* Conduct analysis and cross-government engagement for the next Green Financing Programme report in autumn 2025.
* Build positive relationships with HM Treasury colleagues, spending departments and the UK Debt Management Office.
* Write advice to senior officials and ministers on innovative financing workstreams, including at high profile fiscal events.
* Develop expertise in green financing policy and identify further areas to deliver government climate and environmental objectives.
* Develop expertise and be Fiscal Group’s point of contact for the UK sovereign Sukuk.
* Represent HM Treasury to innovative finance partners, gilt market participants and other governments.
* Contribute to wider team corporate workstreams, including monitoring gilts markets for ministers.
Candidate Drop-In Session – Microsoft Teams
The hiring manager 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 ask any questions you may have. If you would like to join us, then use the link below to join the call at the right time.
Friday 6th June at 12pm Join the meeting now
Monday 9th June at 5:15pm Join the meeting now
If you would like to speak to the hiring manager informally prior to the closing date for applications to find out more about the job, please contact Jon Campbell, jon.campbell@hmtreasury.gov.uk
The Group
Fiscal Group works on a wide-ranging set of issues at the heart of the Treasury’s objectives and of fiscal events such as Budgets. We are responsible for ensuring the sustainability of the government’s finances, overseeing its macroeconomic policy framework, and stable and efficient financing of government liabilities. Work includes advising the Chancellor on the appropriate levels of borrowing and debt (as well as broader commitments like guarantees & insurance), providing analysis of the government’s finances, overseeing financing raised for the government by the Debt Management Office and National Savings & Investments.We work with teams across the Treasury to support decisions on the full range of policy. We also have a particularly wide and deep range of relationships beyond the Treasury including the Office for Budget Responsibility, Bank of England, and the Office for National Statistics.
Delivering these objectives requires a range of skills and backgrounds, and we are proud of our diversity.
The Team
The Debt & Reserves Management (DRM) team manages key financial assets and liabilities on the public sector balance sheet. We use analysis, oversight and our connections with the Bank of England, the UK Debt Management Office (DMO), National Savings & Investments (NS&I) and the Royal Mint.
Within DRM, the Innovative Financing Branch (IFB) is a small team leading on novel government financing instruments, including green bonds (‘green gilts’), sovereign Sukuk (Sharia-compliant government bonds), the pilot Digital Gilt Instrument, and exploring other potential innovative debt instruments. The branch works with the DMO, the Bank of England, climate policy colleagues, and the financial services sector.
We expect that this role will be focused upon green financing and Sukuk, subject to business needs and the role holder’s interests.
Key Accountabilities For This Role Include:
* Conduct analysis and cross-government engagement for the next Green Financing Programme report in autumn 2025.
* Build positive relationships with HM Treasury colleagues, spending departments and the UK Debt Management Office.
* Write advice to senior officials and ministers on innovative financing workstreams, including at high profile fiscal events.
* Develop expertise in green financing policy and identify further areas to deliver government climate and environmental objectives.
* Develop expertise and be Fiscal Group’s point of contact for the UK sovereign Sukuk.
* Represent HM Treasury to innovative finance partners, gilt market participants and other governments.
* Contribute to wider team corporate workstreams, including monitoring gilts markets for ministers.
Candidate Drop-In Session – Microsoft Teams
The hiring manager 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 ask any questions you may have. If you would like to join us, then use the link below to join the call at the right time.
Friday 6th June at 12pm Join the meeting now
Monday 9th June at 5:15pm Join the meeting now
If you would like to speak to the hiring manager informally prior to the closing date for applications to find out more about the job, please contact Jon Campbell, jon.campbell@hmtreasury.gov.uk
Person specification
We are looking for the below skills, experience and behaviours, and we will ask you to demonstrate these in your application form. Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application form.
* Seeing the Big Picture – Understand the wider context of your work, remaining alert to emerging issues and trends and aligning with wider priorities.
* Delivering at Pace – Work autonomously to deliver high-quality work across short-and long-term objectives in the face of a changing work environment.
* Working Together – Understand a variety of perspectives and build strong working relationships with colleagues across different teams and institutions, and effectively use these to progress priorities.
* Experience - Experience of leading a team to come up with innovative solutions to complex problems.
The lead criterion is: Seeing the Big Picture
If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.
Candidate Guidance Support Session – Microsoft Teams
We will be running an overview of Success Profiles and the STAR approach including top tips for the application and interview process and an opportunity to ask general questions around our recruitment practices. Please note that this session is not role specific, so we will be unable to answer specific questions about roles we are advertising. If you would like to join us, please use the link below to join the call at the right time.
Thursday 5th June 2025 13:30-13:15 Join the meeting now
At interview stage, you will be assessed on the below criteria:
* Strengths
* Experience
* Behaviours:
o Seeing the Big Picture
o Delivering at Pace
o Working Together
Behaviours
We'll assess you against these behaviours during the selection process:
* Seeing the Big Picture
* Delivering at Pace
* Working Together
Alongside your salary of £41,630, HM Treasury contributes £12,060 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, Strengths and Experience.
Recruitment Timeline
* Closing date: 15th June 2025 at 23:55
* Shortlisting: w/c 16th June 2025
* Interviews: w/c 30th June 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.
Please note that only applications submitted through Civil Service Jobs will be accepted.
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 HMTSecurityVetting@hmtreasury.gov.uk
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, Strengths and Experience.
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 : Jon Campbell
* Email : jon.campbell@hmtreasury.gov.uk
Recruitment team
* Email : hrrecruitment@hmtreasury.gov.uk
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: hrrecruitment@hmtreasury.gov.uk. If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment. #J-18808-Ljbffr