Policy Adviser - Debt Management

Are you interested in helping to shape and implement the Government's debt management policy? If so, we'd love to hear from you!

About the Team
The Debt & Reserves Management (DRM) team 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 and the Royal Mint.

This role is part of the Debt and Liabilities Branch in DRM which is small team of around 7 people. We are responsible for advising ministers on debt and cash management policy, ensuring the government can raise the money it needs to fund public services both over the course of a year and on a day-to-day basis. We work closely with the Debt Management Office (DMO), an Executive Agency of the Treasury responsible for debt and cash management operations, such as gilt (UK government bond) auctions.

About the Job
In this role, you will:

• Be a trusted source of advice across the department on government financing. Lead on aspects of the process to set the DMO's financing remit at Budget such as producing the annual Debt Management Report publication, planning stakeholder engagement, project management and contributing to ministerial advice. This will require building effective relationships with colleagues at the Debt Management Office, critical assessment of the available policy options and excellent organisation skills.


• Lead on timely and impactful projects relating to debt management policy and analysis. Conduct high quality research projects, lead on the branch's input to high priority cross-cutting workstreams and feed into broader fiscal strategy work. Recent examples from the branch include improving the Treasury and DMO's understanding of access to gilts for retail investors and providing impactful advice on the gilt market impacts of cross-government reforms to the pension system.


• Support the effective functioning of the DMO as an organisation through the sponsorship role DRM plays. Develop solutions to DMO organisational challenges (e.g. relating to its budget or recruitment and retention), lead on appointments to the DMO Advisory Board (liaising with the DMO Chair) and lead input to, and action recommendations from, any reviews of the DMO or Arms' Length Body sponsorship.


• Form part of the Treasury financial markets team. The role holder will be on the rota to produce regular updates on financial markets for ministers and senior officials and will be expected to contribute to ad-hoc financial market monitoring and analysis as required.About You


You will be able to prioritise and progress varied pieces of work in a timely and effective way; have experience of communicating complex issues to a variety of audiences and be able to collaborate effectively with a range of stakeholders, including other organisations.


• 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