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Senior Policy Adviser – Consumer Credit

3 months ago


Darlington, United Kingdom HM Treasury Full time

If you’re interested in making adifference to people’s lives, the Treasury can offer you anexciting opportunity to influence decision making that affects thewhole of the UK. Working at the heart of government, we collaborateacross government to promote responsible public spending and drivestrong and balanced economic growth

About theTeam


PersonalFinances and Funds

The PersonalFinances and Funds team (PFF) brings together the strategicoversight of the asset management, financial advice, consumercredit and debt advice sectors in the UK, with responsibility forthe protection of consumers who use their products and services.The work is challenging, fast-paced and high profile, but it isalso a friendly, encouraging and inclusive team – of around 20people – with consistently high staff engagement. The team consistsof three units:

  • The Consumer CreditUnit, which leads Government policy towards the £250 billionconsumer credit market. The Unit has led on high profile policyover the last few years, including COVID-19 payment holidays, partsof the Bounce Back Loan Scheme, a No Interest Loan Scheme pilot,and the regulation of Buy-Now Pay-Laterproducts.
  • The Asset Management and High-RiskInvestments Unit, which sets Government's strategy for the UK’sasset management industry to ensure it supports a competitive andinnovative sector, but also ensures that riskier investments areonly offered appropriately and to the rightconsumers.
  • The Financial Inclusion, Capabilityand Consumer Debt Unit which ensures that financial products andservices are available and affordable to all, consumers areequipped to navigate them, and appropriately supported when theyfall intodebt.


Aboutthe Job

The successful candidatewill:

  1. Lead on work to consider whatdifferent types of consumer credit activity should be subject toFCA regulation, and work with lawyers to develop the legislationthat delivers any policy decisions. This includes detailed work inthe high-profile area of Buy-Now Pay-Laterregulation.
  2. Consider the provision ofresponsible credit for all consumers. Developing policy to overcomea number of market barriers that currently prevent many consumersfrom accessing small sums of credit at affordablerates.
  3. Develop the expertise to be able tocredibly lead discussions within government on the UK consumercredit market. Engage credibly with senior partners and recognisenew policy opportunities and risks.
  4. Line managean HEO, ensuring that they have clear objectives and are supportedin their development. In addition, the post-holder will beencouraged to input to broader leadership across the team, with thehead of unit and other Range E, to help handle resource and workflexibly where priorities change.
  5. Engageclearly, both in writing and in person, with ministers and othersenior colleagues on a range of issues relating to consumercredit.
  6. Form effective and collaborativerelationships with a wide range of partners. From small communitylenders and the civil society organisations that seek to supportthem, to a range of trade bodies who represent the large anddiverse set of firms operational in consumer credit. As well as,key industry players and a range of colleagues at the FinancialConduct Authority who seek to regulate thesefirms.


AboutYou

You don’t need to be a policyprofessional or have any specific qualifications to apply to workas a Policy Adviser at HM Treasury. We are looking for people whohave the right set of skills for the role, who demonstrate thevalues of our organisation, and who are motivated to come and workwith us on a range of issues that are at the heart of how we spendmoney and deliver public services.

The role willrequire the post-holders to work flexibly, supporting their unit tobrief and support ministers in Parliamentary debates, providingadvice on issues in their area of policy expertise as they arise,including drafting responses to ministerial correspondence andparliamentary questions.

HM Treasury is proud ofa diverse and inclusive work environment, committed to fairness andthe promotion of equality of opportunity for all. We know thathaving a range of experiences, ways of working and thinking makesus a stronger organisation, better at developing policy that isreflective of the communities we serve. We embrace different viewsand experiences and value the fresh perspective that people from avariety of circumstances bring to the work we do. We welcomeapplications from candidates who have not previously worked for theCivil Service, mid- and late-career changers with transferrableskills, people from all backgrounds and circumstances regardless ofdisability, ethnicity, LGBT+ identity and socio-economicstatus.


Someof the Benefits our peoplelove

  • 25 days annualleave (rising to 30 days after 5 years), plus 8 public holidays andthe King’s birthday (unless you have a legacy arrangement as anexisting Civil Servant). Additionally, we operate flexitimesystems, allowing you to take up to an additional 2 days off eachmonth.
  • Flexible working patterns (part-time,job-share, compressed hours).
  • Generous parentalleave and adoption leave packages.
  • A CivilService Pension which provides an attractive pension, benefits fordependants and average employer contributions of27%
  • Access to a cycle-to-work salary sacrificescheme and season ticket advances.
  • A RentalDeposit Advance Scheme to help meet the total costs of deposits forprivately rented homes.
  • Access to HM Treasury’sbenefits portal allowing you access to a range of discount codesfor online shopping.
  • A range of active staffnetworks, based around interests (e.g. analysts, music society,sports and social club) anddiversity