Location: City of London
Job summary
The DMO is an Executive Agency of HM Treasury. We are responsible for debt and cash management for the UK government, lending to local authorities and managing certain public sector funds.
The DMO’s Policy team is looking to recruit a Senior Policy Advisor.
About the Team
The Policy team’s main responsibility is to develop robust evidence-based advice to HM Treasury on the government’s wholesale debt management strategies, taking account of the government’s debt management policy objective and framework, investor preferences and developments in financial markets. This is a highly important role within the team and the DMO – the successful candidate will lead on a wide range of high profile and high impact workstreams, acting as a senior and trusted advisor and contributing to maintaining and enhancing the UK’s reputation and credibility as a borrower of the highest international standing.
The Policy team is part of the Financing Strategy area, which also includes the Gilt and Cash Dealing Desks, and the Research, Investor Engagement and Strategic Research, and Business Development teams. The successful candidate will work flexibly alongside colleagues across the area on a variety of topics.
The successful candidate will enjoy working as part of a specialised team in which professionalism and cross-team collaborative working are highly valued.
Job description
The jobholder will develop expertise on a portfolio of specific topics in the area of sovereign debt markets. The jobholder will contribute to, and in some cases lead on, the development of policy, including managing individual policy projects and preparing analysis and advice. The applicant should have a strong interest in financial markets including government bond markets, and an aptitude for and interest in financial market analysis and policy development, particularly government debt and cash management policy.
The key responsibilities of the successful candidate will, therefore, be to contribute high quality evidence-based policy analysis and advice in the form of written reports, quantitative evidence and analysis on a variety of policy issues, as well as putting forward ideas persuasively to colleagues internally.
Key Responsibilities and Accountabilities:
Lead in the development of policy analyses and recommendations that will contribute to the DMO’s remit advice to HM Treasury.
- Prepare analysis and advice for senior management at the DMO to inform decisions on the operational delivery of the gilt and Treasury bill borrowing programme within the financial year.
- Contribute to, and at times lead, the Policy team’s involvement in joint policy projects and key strategic initiatives.
- On a rota basis, lead internal committee meetings (including preparation of the agenda and chairing the meeting) at which decisions based on data and analyses are made.
- Respond to ad hoc policy issues or queries (sometimes with a very short turnaround time) from HM Treasury, and from internal and external stakeholders.
Person specification
Essential skills:
- Policy analysis and advice
- Ability to develop high-quality, evidence-based policy analysis and recommendations.
- Experience contributing to, or leading, policy projects or strategic workstreams.
- Strong analytical capability
- Comfortable gathering, analysing and interpreting data.
- Ability to use quantitative evidence to support policy advice and decision-making.
- Confident using Excel to analyse data and produce charts/tables.
- Excellent written communication
- Ability to draft clear, concise and accurate written advice, reports and briefing material.
- Strong attention to detail, particularly when communicating complex policy issues.
- Interest in financial markets / debt management policy
- Demonstrable interest in sovereign debt markets, fiscal policy and monetary policy.
- Stakeholder engagement and collaboration
- Ability to work collaboratively across teams and with internal/external stakeholders.
- Confidence putting forward ideas persuasively to colleagues and senior stakeholders.
- Independent working and delivery
- Ability to work independently, take ownership of work areas and drive activity forward.
- Ability to respond effectively to ad hoc issues or urgent requests, sometimes at pace.
- Leadership of workstreams / meetings
- Ability to lead elements of policy work, strategic initiatives and committee discussions.
- Comfortable preparing agendas, chairing meetings and supporting decision-making based on evidence.
Desirable:
- Some familiarity with UK debt management policy and the role of relevant institutions would be beneficial.
Benefits
- Learning and development tailored to your role
- An environment with flexible working options
- A culture encouraging inclusion and diversity
- A Civil Service pension with an employer contribution of 28.97%
- Annual Leave - You will have an annual leave allowance of 27.5 days (pro-rata, dependent on start date) plus paid bank holidays.
- Subsidised gym membership
- Interest free season ticket loan
- Family friendly HR policies including paid maternity, paternity and adoption leave
Things you need to know
Artificial intelligence
Selection process details
Sift Criteria | ||
For this vacancy, we will use the Civil Service Success Profiles to assess you against the following Experience and Technical Skills: 1. Experience – Lead criterion: Either: 2. Experience – Lead criterion: Experience of producing clear, accurate and concise written reports or policy papers, demonstrating excellent drafting skills and strong attention to detail. Candidates – please ensure your supporting statement and CV clearly demonstrate how you meet the sift criteria. The supporting statement and CV will be assessed. Please note a sift based on the lead criteria may be conducted in the event of a large number of applications being received. Candidates who pass the initial sift may be progressed to a full sift or progressed straight to interview.
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