Details

Reference number

406458

Salary

£33,450 - £42,000

London: £36,450 - £42,000 / National: £33,450 - £39,000. If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.

A Civil Service Pension with an employer contribution of 28.97%

GBP

Job grade

Higher Executive Officer

Contract type

Permanent

Business area

HMT - Fiscal

Type of role

Policy

Working pattern

Flexible working, Full-time, Part-time

Number of jobs available

Location
About the job
Benefits
Things you need to know
Apply and further information

Location

This post can be based in London (1 Horse Guards Road) or Darlington (Feethams House).

About the job

Job summary

HM Treasury

If youre interested in making a difference to peoples 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. Its central government, made more accessible to you!

Job description

About the Group

Fiscal Group works on a wide-ranging set of issues at the heart of the Treasurys objectives and fiscal events such as the Budget. We are responsible for ensuring the sustainability of the governments finances, overseeing its macroeconomic policy framework, and the 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 and insurance), providing analysis of the governments finances, and 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 breadth of government policy. We also have 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 as a Group.

About the Team

The Balance Sheet Team leads work to improve analysis, policy, and risk management across trillions of pounds of assets and liabilities owned by government. It also leads on policy advice for new balance sheet interventions such as guarantees, loans and equity investments. This is an innovative area for fiscal policy and central to the Treasurys role as a finance and economics ministry. We draw on a diverse network, including international institutions, colleagues across Treasury and departments, utilising expertise from across the public sector.

The team (composed of 13 people) is split into four branches:

Frameworks, Capital Assets and Metrics
Financial Assets and Investments
Contingent and Implicit Liabilities
Balance Sheet Management

The importance of our work has been underlined by an increasing focus on the balance sheet in fiscal policy and the growing use of balance sheet interventions, such as during the Covid-19 pandemic and energy price shock. Over the past year, the team have led work to support the decision by the Chancellor to target a broader measure of debt in the fiscal rules, developed a new framework for managing financial investments published at Spring Statement 2025, and have been involved with various major policy decisions on issues varying from the financing of Sizewell C nuclear power station to the governments fiscal support for Ukraine.

We are passionate about helping our people thrive, by building an encouraging and friendly team. We champion diversity and team members work flexible working patterns. The team is home to staff based in each of our Darlington and London offices, and we work together to provide a supportive and inclusive home in each location.

About the Job

This role is working in the Frameworks, Capital Assets and Metrics branch of the team, who recently led the work to develop an alternate measure of debt in the fiscal rules, which was announced by the Chancellor at Autumn Budget 2025. You do not need to have any specific knowledge or experience in the areas set out below to apply we encourage candidates with the relevant skills who are willing to develop their understanding.

The post-holder will be responsible for:

Supporting policy development on a new Balance Sheet Framework, which will set out how major assets and liabilities on the public sector balance sheet should be managed and deliver a step-change in how government maximises value from the balance You will lead policy work on various aspects, such as articulating governments policy on how to commercialise public sector assets and a framework for managing state-owned enterprises.
Undertaking specific policy projects on asset management, depending on the priorities of the Chief Secretary to the Treasury and senior officials. Past examples include undertaking an assessment of opportunities across government to raise funds via sales of public sector assets and developing a policy position on when government should hold investment funds to meet the costs of long-term liabilities like nuclear decommissioning and pensions.
Providing fiscal input to major infrastructure projects involving private financing, which covers key sectors like transport, energy and housing. This will involve understanding different models for combining public and private finance, assessing their long-term costs, and inputting into advice for the Chancellor on how best to deliver major projects. Examples of projects the team have been involved with include Sizewell C nuclear power station and the financing of Euston station as part of High Speed 2.
Acting as secretariat to the Balance Sheet Transaction Group, which is co-chaired by the Chief Economic Adviser and Director General of Public Spending. This group oversees and scrutinises all major balance sheet interventions government enters, ranging from financial investments to commercialisation of public sector assets, and you will get a fascinating insight into a broad range of government policy and strategic decision-making.

This is an expanding area of work with broad coverage across the Treasurys fiscal and economic policy responsibilities, so the post-holder will be able to have a significant impact and shape aspects of the job to their interests.

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.

Wednesday 28th May 2025 @ 17:00 17:30: 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 Kelly.Dobson@HMTreasury.gov.uk

Person specification

About Your Application

We are looking for the below 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.

Making Effective Decisions: ability to use evidence to come to a sound judgement on complex problems.
Working Together: ability to collaborate effectively across a range of stakeholders, including outside your own organisation.
Delivering at Pace: ability to deliver work to tight deadlines and balance a mix of short- and long-term work priorities.

The lead criterion is: Making Effective Decisions

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

Candidate Guidance Support Session

We will be running an overview of Success Profiles and the STAR approach; top tips for the application and interview process and an opportunity to ask general questions around our recruitment practices. If you would like to join us, then use the link below to join the call at the right time.

Thursday 29th May 2025 12:3013:15 Join the meeting now

Behaviours

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

Making Effective Decisions
Working Together
Delivering at Pace
Communicating and Influencing

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

Making Effective Decisions
Working Together
Delivering at Pace

Benefits

Alongside your salary of £33,450, HM Treasury contributes £9,690 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, its 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 everyones 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.

Things you need to know

Selection process details

This vacancy is using Success Profiles , and will assess your Behaviours, Strengths and Experience.

Recruitment Timeline

Closing date: 5th June 2025
Shortlisting: From 6th June 2025
Interviews: w/c 16th 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 Counter Terrorist Check (CTC)

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.

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 counter-terrorist check .

See our vetting charter .

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)
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

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.

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 and the Civil Service Diversity and Inclusion Strategy .

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 (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 : Kelly Dobson
Email : Kelly.Dobson@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.

HM Treasury

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