Head Of Non-Bank Finance Analysis

Are you intellectually curious and collaborative with good interpersonal skills and an interest in financial stability? If so this may be the job for you! This is an exciting time to join a friendly team of motivated colleagues, the non-bank financial sector has grown in size of scope over the past decade and poses a range of distinct challenges to financial stability, evidence by a number of high profile recent events.

About the Team

Financial Stability Strategy and Analysis (FSSA)is a friendly and inclusive team in the Treasury’s Financial Stability Group. It is staffed with around twenty-five economists and policy advisers, and has a broad and diverse remit, covering both domestic and international financial stability issues.

The team monitors and assesses system-wide financial stability risks. This includes the health of the banking sector, non-bank financial intermediaries, and funding markets. It reports on key risks to the Treasury’s Executive Management Board and co-leads the Treasury’s Economic Risks Group.

About the Job

The Head of Non-Bank Finance Analysis leads HM Treasury’s assessment of the overall health and resilience of the non-bank financial sector, encompassing asset managers and investment funds, insurers and pension funds, and other market-based financial intermediaries. The role involves working closely with the Bank of England, FCA and industry, and includes the direct line management of two analysts.

Key accountabilities include:

1. Line manage two analysts, promoting their professional development, supporting their work-life balance, delegating effectively and providing mentorship on their work.
2. Play a key role in developing the government’s overall strategy in addressing risks in the non-bank sector.
3. Undertake regular monitoring of key market-based financial indicators and provide enhanced market monitoring in periods of stress.
4. Develop a relevant analytical agenda on the vulnerabilities and risks from market-based finance.
5. Develop the department’s relationship with relevant counterparts at the Bank of England and FCA, and work with international regulators and officials.
6. Coordinate the communication and presentation of the branch’s work within the department and advise seniors and Ministers on key issues.
7. Position the branch as the centre of expertise within HM Treasury on non-bank financial stability and play a key role as part of the wider team’s analytical function.

About You

We’re looking for candidates with the ability to produce high quality and policy relevant analysis. You should have an Economics, Central Banking or Finance degree, or relevant experience.

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