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.  

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 Enterprise and Growth Unit (EGU) promotes sustainable economic growth and higher productivity for the UK. We provide analysis and advice on enterprise, innovation, private sector investment and a cost-effective transition to a low-carbon economy. The Enterprise and Growth Unit has a varied and exciting agenda and we work closely with a wide variety of other teams across the Treasury.    

We also work alongside other departments and government organisations to ensure that we are thinking creatively, spending wisely, and acting boldly to deliver these goals. These organisations are:  

• the Department for Business and Trade,  

• the Department for Energy Security and Net Zero,  

• the Department for Environment, Food & Rural Affairs,   

• the Department for Science, Innovation and Technology,  

• the Department for Transport,   

• the Department for Culture, Media & Sport,   

• the Competition and Markets Authority,  

• HM Land Registry, and  

• UK Export Finance  

About the Team

As part of its plans to kickstart economic growth, the Government has set out its intention to deliver a National Wealth Fund to invest in jobs, deliver growth and clean energy and make transformative investments across the country. To deliver this commitment, we are creating a new National Wealth Fund team within HM Treasury to lead on the design and establishment of the NWF. The team will engage across HMT, other departments, UK policy banks and the private sector to ensure that the NWF meets the government’s objectives, including on speed to market and providing simplicity and clarity for customers and investors. 

The NWF team will sit within the Infrastructure and Growth Group within EGU. 

EGU welcomes, values, and includes people from all walks of life, and is a friendly, open, and supportive place to work. This is a varied and exciting agenda and we need a diverse skill set to help us deliver it. There is no one type of person or particular background we are looking for. We work in a flexible, cross-cutting way with many other teams across EGU and other groups across Treasury. We are committed to work-life balance and flexible working. If you are interested in a flexible working pattern, please feel free to discuss this with the line manager for this post. 

About the Job

This is a very high-profile and exciting role, leading and shaping the work to establish the National Wealth Fund. This is a top priority for the government, and a core component of the Chancellor’s central growth strategy. HMT is creating a new team to deliver this project.   

The postholder will be an active part of the team that is built to have a positive, inclusive and open ethos. You will lead on specific deliverables that move towards the establishment of a new National Wealth Fund in a fast-paced environment, including legislation, legal, financial and strategic matters. You will work closely across HMT and relevant institutions, in close partnership with other teams leading on industrial, sectoral, major projects, infrastructure and green objectives.   

The shape and deliverables of the team will be determined by the overall work programme. It is anticipated the role will be part of a branch working collaboratively to deliver a workstream across a variety of policy and operational outputs.  

Responsibilities are likely to include: 

• Managing HEO/SEO staff as part of your workstream, deploying your resource across a range of challenges to deliver high quality products and role modelling supportive, inclusive and effective management behaviours. 

• Deliver against a strategic work programme to establish the National Wealth Fund, solving problems and finding practical ways to deliver to tight deadlines.  

• Build and manage relationships with a diverse range of stakeholders, taking account of their levels of influence and interests.  

• Establish and maintain internal and cross-Whitehall governance structures and arrangements for the delivery of the project, ensuring that senior officials and Ministers are well briefed. 

• Develop and agree any operational, financial and legal documents, including consultancy, building premises and IT contracts.  

• Lead on parliamentary handling, including designing the legislative programme. 

• Play an active role in the Economic and Growth Unit, leading on corporate workstreams and ensuring it is a great place to work 

Experience of working on public spending and/or institutional investment would be advantageous but not essential. 

Candidate Drop-In Session – Microsoft Teams 
 
The hiring manager 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 ask any questions you may have. If you would like to join us, then use the link below to join the call at the right time.  

Wednesday 24 July at 4pm: Join the Meeting Now.

If you would like to speak to the hiring manager informally prior to the closing date for applications to find out more about the job, please contact Tracey Donnelly (Tracey.Donnelly@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 attached to this advert for guidance on how to complete your application form. 

1. Making Effective Decisions: proven ability to solve complex problems while understanding stakeholder needs and expectations. Able to make decisions at the right level, in a timely manner, using information from variety of sources to inform and support decision making. Ability to make decisions confidently, even in ambiguous or uncertain environments.
2. Delivering at Pace: The ability to work independently at pace on a number of complex issues, prioritising effectively, demonstrating excellent resilience and intellectual curiosity to respond to shifting requirements. Collaborate as part of a team in a changing environment, taking responsibility for delivering timely and quality results.
3. Communicating and Influencing: a confident, persuasive communicator with the ability to set out complex ideas with clarity and be able to convey these to a variety of partners including seniors through excellent written and verbal communication skills. The ability to build strong relationships of trust with an array of stakeholders both internally and externally. 

The lead criterion is: Making Effective Decisions 

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

Benefits

Alongside your salary of £52,960, HM Treasury contributes £14,828 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, Strengths and Experience.

Recruitment Timeline 

Closing date: 31 July 2024

Shortlisting: w/c 5 August 2024

Interviews: w/c 12 August 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.

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. 

Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks. Additionally, individuals appointed to the Treasury group will be subject to National Security Vetting. The level of security vetting required for this role is Counter Terrorist Check (CTC) 

To allow for meaningful checks to be carried out, applicants will need to have lived in the UK for at least 3 out of the past 5 years. In exceptional circumstances, a lack of residency would not be a bar to security clearance however the Department will need to consider eligibility on a case by case basis once the advert closing date has passed. 

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 counter-terrorist 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.