Senior Policy Adviser

6 months ago

Darlington, United Kingdom HM Treasury Full time

**Details**:
**Reference number**:

- 348600**Salary**:

- £39,500 - £45,720- A Civil Service Pension with an average employer contribution of 27%**Job grade**:

- Senior Executive Officer**Contract type**:

- Permanent
- Loan
- Secondment**Length of employment**:

- This post is available on a permanent basis, or on a 2 year loan or secondment**Business area**:

- HMT - Financial Stability**Type of role**:

- Policy**Working pattern**:

- Flexible working, Full-time, Part-time**Number of jobs available**:

- 1Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- This post 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, 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.
- 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.

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. It’s central government, made more accessible to you

**Job description**:
**About the Group**

The **Financial Stability Group **advises government on ensuring the stability of the UK financial system and economy. We track 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 build and maintain systems to monitor assess and deal with financial stability risks.

**About the 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 2007-2009 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.

**About the Job**

As policy adviser for UK Asset Resolution (UKAR) within the State-Owned Banking Assets unit, you will have the opportunity to lead on all aspects of policy work relating to UKAR, a government owned company established to wind down the closed mortgage books of Bradford & Bingley plc and Northern Rock, two banks which were taken into public ownership during the financial crisis. Following disposal of its mort

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