JOB DETAIL

Details
Reference number
264004
Salary
£29,970 - £35,500
If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.
Job grade
Higher Executive Officer
Senior Executive Officer
This is a Range D post. Successful HEO and SEO applicants will transfer on a level basis.
Contract type
Permanent
Business area
HMT - Financial Services
Type of role
Policy
Working pattern
Flexible working, Full-time, Part-time
Number of jobs available
1
Contents
Location
About the job
Benefits
Things you need to know
Apply and further information
Location
This role is based in Darlington (Feethams House)
About the job
Job summary

About HM Treasury

If you’re interested in making a difference to people’s lives across the country, the Treasury is the department for you! We sit at the centre of everything that the Government does and have provided advice on economic policy and decisions that affect the public finances throughout the country’s history. A Treasury career continues to offer an exciting opportunity to be part of the decision making that affects the whole of the UK.

Working at the heart of government, we collaborate with other departments to ensure public money is spent well and to drive strong and sustainable economic growth. Our work ranges from protecting customers through to the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, supporting people across the country through the COVID 19 furlough scheme and Plan for Jobs as well as helping first time buyers buy their first home.

HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We know that having a range of experiences, ways of working and thinking makes us a stronger organisation, better at developing policy that is reflective of the communities we serve. We embrace different views and experiences and value the fresh perspective that people from a variety of circumstances bring to the work we do. We welcome applications from candidates who have not previously worked for the Civil Service, mid- and late-career changers with transferrable skills, people from all backgrounds and circumstances regardless of disability, gender, age ethnicity, LGBT+ identity and socio-economic status.

The Darlington Economic Campus is a pioneering new cross-government hub which will bring people together across departments and public organisations to play an active role in the most important issues of the day.

HM Treasury in Darlington will be joined by the Department for International Trade, the Department for Business, Energy and Industrial Strategy, the Office for National Statistics, the Department for Levelling Up, Housing and Communities, the Competition and Markets Authority, the Department for Education and the Department for Digital, Culture, Media and Sport.

Job description

About the Group - Financial Services Group

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.

Working with stakeholders is key in Financial Services – for example, we work closely with the independent regulators to help them fulfil their roles, consult consumer groups on issues affecting them, and work with the sector on wider issues like the net-zero agenda.

About the Team - Payments and Fintech Team

The Payments and Fintech Team sits at the forefront of government policy making to put the UK payments sector at the forefront of technology and innovation, protect access to cash, and ensure that UK financial services can take advantage of developments in fintech and cryptoassets.

The team is an exciting and supportive place to work, with high staff engagement, made up of around 20 people in size. We place a strong focus on championing a supportive team culture, seek to model best practice as a policy team, and explore new and innovative ideas, recognising the fast-moving nature of the team’s policy area.

Key Accountabilities

The successful candidate will take a key role in the team delivering HM Treasury’s work on a potential digital pound, or UK central bank digital currency (CBDC). This work is a high-profile, complex and cross-cutting, and the role will involve engagement across and beyond HM Treasury.

Digital innovation is changing the landscape for payments and money. The use of physical money is declining while new forms of private sector digital money are emerging. These changes offer exciting opportunities for UK businesses and consumers, but also present new challenges and risks. This has motivated countries around the world to explore digital versions of central bank money.

Today, the Bank of England issues only physical bank notes. A digital pound would be a new form of digital money for use by households and businesses issued directly by the Bank of England.

HM Treasury and the Bank of England are working through the CBDC Taskforce to explore the case for a digital pound. HMT and the Bank have committed to consult jointly on a potential digital pound. The exact division of work in the team will be set on the basis of the skill sets and interests of the new team members. The forward timeline for the work has been set out by HMT ministers and the Bank of England (link).

Key accountabilities for this role:
With the Ranges E2 and E, play a vital role in a growing CBDC team. Work closely within and help coordinate a core virtual team reflecting the cross-cutting character of the work, which spans financial services, financial stability, economics and spending teams.
Analyse CBDC policy issues in order to advise Ministers on how they can achieve their ambitions and the government’s wider agenda.
Work closely with a wide array of stakeholders including other teams across the Treasury, the Bank of England, Cabinet Office, No10, wider government, financial services regulators, industry and other relevant stakeholders, to identify and address emerging issues, and ensure a joined-up approach with other related areas of work. For example, to ensure that overall digital currencies policy is shaped coherently and in a joined-up way across Treasury.
Support the Treasury’s project management and governance approach for CBDC, supporting HMT’s leadership of the project in working across government, and drawing together the right expertise and resources across many organisations.
Support Ministers’ activities in Parliament, including responding to Committee enquiries, supporting debates on relevant issues, and responding to requests for information from MPs and Lords.
Participate in international engagement on CBDC, including continued UK input into G7 work on CBDC, as well as considering security and resilience issues relating to CBDC with relevant parts of government. Ongoing engagement with other finance ministries will be important.
Lead on the branch’s correspondence and briefing responsibilities.

The postholder will join a supportive and close-knit wider team – Payments and FinTech – that is leading a number of policy agendas of significant interest to Ministers and the public.

The level of security clearance required for this role is Security Check but Developed Vetting (DV) or willingness to undergo it is desirable.

If you are judged to be a near miss at interview, you may be considered for other positions in HM Treasury, for which you have the appropriate skills to be appointed.

Person specification

Required Skills, Experience and Behaviours

The below criteria will be assessed in your application form.

The lead criterion is:
Seeing the big picture – The ability to understand how your role fits with and supports organisational objectives. Recognise the wider Civil Service priorities and ensure work is in the national interest.

If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.

We will assess the below further criteria in your application form:

Making effective decisions – The ability to use evidence and knowledge to support accurate, expert decisions and advice. Carefully considering alternative options, implications and risks of decisions.

Experience – We are requesting a statement setting out how your experience of working on cross-cutting, complicated policy or projects qualifies you for the unique coordination challenges of this role, considering whether the UK should issue a new form of money.

Candidate Guidance on Completing your Application Form

Where will we assess success profiles across your application form:

Behaviours – these will be assessed individually with a 250-word statement per behaviour. The application form will indicate which behaviour is being assessed each time you provide a statement, and we are ideally looking for an example using the below STAR method to demonstrate this behaviour in line with the full criteria stated
Experience – this will be assessed individually with a 250-word statement per experience criteria. You will give the answer in the personal statement section under “statement of suitability” using the below STAR method, and be given direct guidance at this stage on the experience we are looking for you to demonstrate.

All elements of the success profiles will be linked to a defined criterion that demonstrates the behaviour, experience or technical skills. It is beneficial to ensure your answer focuses on the full criteria, and not just the related success profile, to give you the best chance or providing the evidence the panel wants to assess.

In your statements, it is best to focus on one example in each section to allow you to provide enough detail in your answer and use all the words you have been allocated. Examples from a range of roles across your application will demonstrate that you have the skills, experience and behaviours we are looking for. We would also advise you to use examples that best meet the criteria, even if it is a few years old.

How to Structure your Answer

Please use the STAR (Situation, Task, Action, Result) approach when writing your application answers.

Situation – Describe the situation you found yourself in and what happened.
Task – The Hiring Manager will want to understand what you tried to achieve from the situation that you found yourself in.
Action – What actions did you take and how did you do it. Make sure to use “I”, not “we” to explain how your actions lead to a result.
Result – Use facts and statistics to demonstrate the results that your actions produced. Explain whether it was a successful outcome, and if not, what you learned from the experience.

Notes to Candidates

Please refer to the candidate FAQ document which is a link on the job advert – this will provide you with guidance on completing the application form. Please contact hrrecruitment@hmtreasury.gov.uk if you have any issue accessing this document
At HM Treasury, to maximise diversity and inclusion within our workforce, we operate a fair, open and anonymous recruitment process. This means that the sift panel will only be able to assess you on the written evidence supplied in your application answers. They will not have access to personal information.
You may be asked to provide some CV details during your application; however these will NOT be assessed during the process, but will be used to support discussions at interview – please ensure you put all information you would like to be scored against in your behaviour, experience and technical skill statements
You will be assessed on your skills, experience and behaviours through the online application form. When completing your application form, please outline how you meet the requirements as detailed in the ‘Essential Criteria ‘section of this job description. This will give you the best chance to provide the evidence that the panel wants to assess. More guidance can be found here – completing you application
If we receive a large number of applications, applications will be assessed initially against the lead criterion alone. You will then be assessed against the other criteria if you have met the minimum score on the first criterion.
Find out more about how the Civil Service assesses candidates and uses Success Profiles (opens in a new window) to test skills, experience and behaviours in applications and interviews.
Applications are not reviewed until the closing date has passed. You will be notified of the outcome of your application as soon as the recruitment panel has reviewed all the applications.

Candidate Drop-In Session – Microsoft Teams

We 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 the recruitment process. If you would like to join us, then use the link below to join the call at the right time.

Wednesday 1st February 16:30 – 17:30: Click here to join the meeting

Behaviours

We'll assess you against these behaviours during the selection process:

Seeing the Big Picture
Making Effective Decisions
Communicating and Influencing

We only ask for evidence of these behaviours on your application form:

Seeing the Big Picture
Making Effective Decisions
Benefits
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)
A Civil Service Pension which provides an attractive pension, benefits for dependants and average employer contributions of 27%
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 (e.g. analysts, music society, sports and social club) and diversity (e.g. women in the Treasury, ethnic minority network, LGBT* network, faith and belief network)

Flexible Working Arrangements

HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they are able to 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; working from home, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month, providing you work enough hours to meet business need.

We also offer a generous parental and adoption leave package.

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 are able to realise their potential and achieve a healthy work-life balance.

HM Treasury offers Hybrid Working arrangements where business need allows. This is an informal, non-contractual form of flexible working that blends working from your workplace location, and from home (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.

Things you need to know
Selection process details
This vacancy is using Success Profiles, and will assess your Behaviours, Strengths and Experience.

As part of our pre-employment security checks, if you are invited to interview and are not a current HM Treasury member of staff, you will need to bring:

Proof of identity, e.g. your passport or driver’s licence. Documents must be in date and valid.
Proof of address, e.g. a utility bill or bank statement issued within the past 3 months
Proof of your National Insurance (NI) number, e.g. letter from DWP confirming your NI number, or P60
If you do not bring a UK or EU passport, you will need to bring other documentation of your right to work in the UK, e.g. your visa, biometric residence permit or birth certificate.
If your right to work is granted through the EU Settlement Scheme, alongside you proof of identity you will need to provide either a letter of application or status outcome letter from the Home Office. If you are successful in being appointed to the role you will also be required to provide a Right to Work Share Code

Further details regarding acceptable documents will be provided in the invitation to interview. If you cannot provide in the first instance, the above documentation required for employment checks, at interview, please contact hrrecruitment@hmtreasury.gov.uk, If you are offered the role, we will require all documentation, as this is part of the security vetting process. If you do not provide this at interview stage, this may slow down the process and delay your start date.

If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile.

Eligibility Statement

Individuals appointed to the Treasury Group will be subject to National Security Vetting. To allow for meaningful checks to be carried out applicants will normally need to have lived in the UK for at least 3 out of the past 5 years. A lack of UK residency in itself is not always a bar to security clearance but the Department will need to consider eligibility on a case by case basis using all information that can be obtained following a successful application. You will be asked to provide information regarding your UK residency during your application, and failure to provide this will result in your application being rejected.

Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks.

For many roles, security clearance is also required. Successful candidates must meet the security requirements of the role before they can be appointed. The level of security clearance required for this role is Baseline Personnel Security Standard (BPSS) / Counter Terrorist Check (CTC) / Security Check (SC) / Developed Vetting (DV).

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.
Security
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check.

See our vetting charter.
People working with government assets must complete basic personnel security standard checks.
Nationality requirements

This job is broadly open to the following groups:
UK nationals
nationals of Commonwealth countries who have the right to work in the UK
nationals of the Republic of Ireland
nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS)
relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service
relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service
certain family members of the relevant EU, EEA, Swiss or Turkish nationals
Further information on nationality requirements
Working for the Civil Service
The Civil Service Code 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.
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.
Apply and further information
This vacancy is part of the Great Place to Work for Veterans initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment.
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 :
Frankie Evans

Email :
frankie.evans@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.


JOB INFORMATION
Job Location : Darlington
Company : Hm Treasury
Position : Policy Adviser
Sector :
Employment : Full-Time
Post Code :
Contact : E-Mail Adress : hrrecruitment@hmtreasury.gov.uk
Please contact between 09:00-18:00.


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