About the job

Job summary

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.  

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 Corporate Centre Group delivers a wide range of corporate services to enable people at HM Treasury and many of the other organisations who form part of the Treasury Group (including the Government Internal Audit Agency and the Debt Management Office) to operate effectively and efficiently. We are a diverse group, both in terms of our professions and in our ways of working. Our colleagues are based across 3 sites in London, Darlington and Norwich. 

The Corporate Centre Group consists of a range of teams and is led by two directors (one of Finance and one of Operations); 

• Correspondence and Information Rights
• Finance & Commercial 
• People & Capability 
• Diversity, Inclusion & Belonging 
• Treasury Business Solutions 
• Multisite Darlington Economic Campus team 
• Exchequer Funds & Accounts team 

About the Team

The Exchequer Funds and Accounts Team are a forward-thinking team, managing the central treasury function within HM Treasury. We are responsible for ensuring the smooth flow of public finances through a suite of cash management operations, and we are critical in providing forecasts to the Debt Management Office (DMO) to inform their cash management operations with the market.

We instruct the Bank of England and Government Banking Service to ensure public funds move efficiently across the Exchequer to departments and their Arm’s Length Bodies. We have a rolling programme of continuous improvement to strengthen our control environment, resilience and delivery.

Our team is 20 strong and divided into four branches covering funds, cash management, accounts, and business continuity.

We are part of the wider Government Finance Function (GFF), which represents and supports the finance community across the Civil Service. GFF offers a range of developmental opportunities, resources, tools and networks to support us in our roles.  We are also a part of the Government Digital and Data profession which aims to transform lives through technology, providing further resources and networks.

About the Job

As an Exchequer Forecast Analyst, your role will be to determine how much money we’ll have in the future, where it’ll come from and who will spend it. You’ll work closely with different teams across Government to understand our financial needs and risks, and use your experience in modelling and coding to define and maintain models that can help us predict the future more accurately.

We need your expertise to help us predict where the money’s going, so our partners at the UK DMO can plan their market activities as efficiently as possible. Come and join us as we deliver our modern Cash Management strategy, making best use of the latest technology to enable better decisions and shape the future of finance!

Key Accountabilities for this role include:

1. Owning the cashflow forecast process and models. Taking responsibility for the accuracy and integrity of data, monitoring model performance against service level agreements and targets and providing insights, assumptions, and advice.
2. Evaluating and recommending appropriate tools and solutions that address stakeholder requirements within constraints. Ensuring collaboration with a wide selection of stakeholders.
3. Building and maintaining a wide selection of internal and external stakeholder relationships.
4. Working with partners to review process issues and implement a program of continuous improvement which leverages emerging technology and best practices.
5. Creating documentation and providing training to ensure stakeholders understand the solution, how to use it effectively and its limitations.
6. Working closely with cross functional teams to ensure alignment, and promote best practice across government.

Candidate Drop-In Session 
 
We will be running a candidate drop-in session for this role to give you greater insight about the role as well as the chance to learn more about HM Treasury and the recruitment process. If you would like to join us, then use the link below to join the call at the right time. 

Monday 03 June at 5pm

Tuesday 04 June at 1pm

If you would like to speak to someone informally prior to the closing date for applications to find out more about the job, please contact Madeline.Dugmore@hmtreasury.gov.uk 

Person specification

We are looking for the below skills, experience and behaviours and we will ask you to demonstrate these in your application form. Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application form.  

1. Experience in forecast analysis, whether financial or otherwise, that is valued by stakeholders and delivers high quality outcomes (Experience).
2. Ability to communicate effectively (written and verbally) with staff and stakeholders at all levels (Communicating and Influencing).
3. Problem solving ability; to identify problems, provide solutions and implement them (Changing and Improving).
4. Ability to work together across multiple teams, and establish effective working relationships with a variety of stakeholders (Working Together).
5. An understanding of, or an aptitude to learn, economic and data science tools and techniques (e.g. R, Python, and SQL) (Technical).

The lead criterion is: Experience in forecast analysis.

If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.

Benefits

Alongside your salary of £39,500, HM Treasury contributes £10,665 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Ability, Experience and Technical skills.

Recruitment Timeline 

Closing date: 11 June 2024

Shortlisting: from 12 June 2024

Interviews: week commencing 24 June 2024

This timeline is indicative and may be subject to change. We will inform you if there is a substantial change to the recruitment timeline. 

If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile. 

Please note that only applications submitted through Civil Service Jobs will be accepted.

Location-Based Reserve Lists 

You will be placed on a reserve list if your application is successful, but we cannot offer you a post immediately. Where more than one location has been advertised, candidates will be approached for roles in merit order according to the first preferred location stated on your application form. 

Please note that a place on the reserve list does not guarantee an offer. We would still encourage you to apply for other HM Treasury opportunities that you are interested in. If you are offered a role in your first preferred location and you decline the offer or you are unable to take up the post within a reasonable timeframe, you will be removed from the reserve list, other than in exceptional circumstances. 

Eligibility Statement  

A candidate is not eligible to apply for a role in the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government. Checks will be performed as part of pre-employment checks in line with this. Please refer to the Candidate FAQ document attached to the advert for more information. 

Individuals appointed to the Treasury Group will be subject to National Security Vetting. To allow for meaningful checks to be carried out applicants will normally need to have lived in the UK for at least 3 out of the past 5 years. A lack of UK residency in itself is not always a bar to security clearance but the Department will need to consider eligibility on a case by case basis using all information that can be obtained following a successful application. 

Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks.  

For many roles, security clearance is also required. Successful candidates must meet the security requirements of the role before they can be appointed. The level of security clearance required for this role is Security Check (SC)  

Please read the Vetting Charter for information on what to expect during the vetting process and what will be expected from you.  

Many areas of your life may be explored during your vetting journey, and it is important that every individual, regardless of their background and experiences, should feel comfortable going through this personal process, whilst having confidence that it is fair, proportionate, and inclusive.  

These short videos address common concerns and preconceptions which applicants may have about national security vetting.  

If you have questions relating to security clearances, please contact HMTSecurityVetting@hmtreasury.gov.uk

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window). People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.