Senior Policy Adviser- State-owned Banking Assets - London, United Kingdom - HM Treasury

HM Treasury

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Details:

Reference number:

Salary:

- £50,550 - £57,500-
Job grade:

Grade 7
Range E
Contract type:
Permanent
Business area:
HMT
Financial Stability
Type of role:
Policy
Working pattern:
Flexible working, Fulltime, Parttime
Number of jobs available:
1Contents

Location

About the job

Benefits:

Things you need to know

Location

The post can be based in London (1 Horse Guards Road) or 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.

- 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 Stability Group

The Financial Stability Group advises government on ensuring the stability of the UK financial system and through that the stability of the UK economy.

We monitor new and existing risks to the financial stability of the UK and the global financial system, taking action to mitigate risks and combat these when needed.

We intervene directly to manage any public support for the financial services sector - including stewardship of (and exit from) the government's interests in NatWest Bank.

We're also responsible for ensuring that the financial authorities have the appropriate legal powers and resources to deal with future failures in the financial sector, as well as planning for future stability events.

The Group works with the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, the intelligence agencies and international partners, to develop and maintain systems to monitor assess and deal with financial stability risks.

About the Team

The Banking Assets and Resolution Strategy Team

The Banking Assets and Resolution Strategy team is a friendly and inclusive team of 15 people, with a varied and interesting range of work within the Financial Stability Group.

The team has a full and active forward agenda, with significant exposure to Ministers and senior officials.

The team comprises two units - the State-Owned Banking Assets unit and the Resolution Policy Unit.

The State-Owned Banking Assets unit is responsible for policy relating to financial sector assets taken on as a result of the financial crisis, including the Treasury's shareholding in NatWest Group (NWG) and ongoing interest in UK Asset Resolution (UKAR, a government owned company handling the government's exposures to the legacy liabilities of Northern Rock and Bradford & Bingley).

The unit works closely with UK Government Investments (UKGI) as it develops and advises Ministers on policy to exit these multi-billion pound interventions in the financial sector.

The Resolution Policy Unit is responsible for developing the UK's resolution regime, which handles the failure of financial sector firms.

The unit ensures the UK authorities have the legal powers and tools they need to manage the failure of financial sector firms, in a way that protects the wider economy and public funds.

The unit works closely with the Bank of England, Prudential Regulatory Authority, Financial Conduct Authority, industry, and Parliament to deliver the vital legal powers and tool; and also with international counterparts to craft international standards for resolution regimes.

Key Accountabilities
You will be responsible for planning and developing