Policy Adviser- UK Asset Resolution
Job Summary
Working Pattern:
Full time
Advert Start Date:
10/04/2024
Advert End Date:
Closed for applications on 28/04/2024 23:55
Salary:
£39,500 - £45,720 per annum
Job Category:
Policy/ Research
Employment Location:
Darlington
Further Information
As policy adviser for UK Asset Resolution (UKAR), 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.
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.
About the Job
The key policy objective is to resolve a number of complex legacy liabilities relating to the interventions in Northern Rock and Bradford & Bingley, to allow UKAR to be wound down in a way that delivers value for money for taxpayers. The most immediate and significant task is to develop and deliver plans for the transfer of the assets and liabilities of pension schemes for former Northern Rock and Bradford & Bingley employees to central government. Resolving its liabilities and managing the wind down of UKAR would be a significant step towards final resolution of the interventions made by the government over 2007-2009 to protect economic and financial stability.
In this role, you will:
- Lead the development of a clear strategy and plan for the timely resolution of the legacyliabilities associated with the Northern Rock and Bradford & Bingley interventions that still reside with UKAR.
- Lead on the preparation and passage of secondary legislation, directly supporting ministers in taking regulations through Parliament.
- Be responsible for the ongoing governance and operations of UKAR, working closely with UKGI.
- Lead the development of long-term planning and delivery of HM Treasury’s ultimate objective of exiting the UKAR interventions in a way that achieves value for money for taxpayers.
- Lead the management and operation of a Steering Board to oversee the delivery and implementation of this policy objective.
- Provide clear advice and briefings to ministers and handle ministerial and other correspondence on issues related to UKAR.
About You
Our successful candidate be a confident problem solver and decision maker, with the ability to handle a full workload and ensure high quality work is delivered in a timely manner. You’ll be a great collaborator, able to build relationships and work effectively with senior staff across government and external partners.
Previous experience in corporate finance and/or the pensions industry would be welcome, as well as previous experience in delivering legislation, but not essential.
About Us
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, ethnicity, LGBT+ identity and socio-economic status.
Some of the Benefits our people love!
- 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). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month
- Flexible working patterns (part-time, job-share, condensed hours)
- Generous parental and adoption leave packages
- Access to a generous Defined Benefit pension scheme with employer contributions of 27%
- Access to a cycle-to-work salary sacrifice scheme and season ticket advances
- 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)
For more information about the Treasury, role, salary, benefits, who to contact and how to apply please follow the Apply link.
If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk
Please note
This job is closed for applications.