Treasury office
The Treasury is advertising a £100,000 role for a director of financial services based in London or Darlington.
The director jointly leads the Treasury’s Financial Services Group, which advises the government on how to promote a stable and efficient financial services sector.
Whoever gets the job will have to advise the Chancellor on financial services issues as well as suggesting new policies on the sector.
They'll also be expected "to deliver excellent outcomes for consumers and businesses, and enhance the UK's position as a global hub for financial services and support economic growth across the country."
Key responsibilities will be:
- Advising the Chancellor and Economic Secretary on financial services policy, taking account of the Treasury’s fiscal and economic objectives and helping them to achieve their mission to grow the sector.
- Delivering new policies to drive the Chancellor’s financial services strategy forwards including on the regulatory environment, domestic competition, payments, innovation, consumer issues (making sure the financial services industry treats customers fairly and provides innovative new products and services to deliver better consumer outcomes) and financial technology (FinTech).
- Jointly leading the Financial Services Group and its group management team with the co-director. It will include direct line management and oversight of banking and credit, financial services strategy, insurance and pension markets, payments and fintech; and personal finances and funds.
- Jointly leading the delivery of HM Treasury’s spending review settlement for the financial services group.
- Undertaking a significant representational function with the top players in the financial services industry including banks, insurers, asset managers, building societies and financial technology firms.
- Leading the Treasury’s relationship with the FCA, the Financial Ombudsman Service and jointly leading Treasury’s relationship with the PRA, building trust and credibility with senior regulators and working together on key issues of financial services policy.
- Building relationships with Ministers, special advisers, other government departments (particularly BEIS, DCMS, DLUHC, DWP, No. 10), financial services firms, and consumer groups on financial services issues.
The postholder will report to the director general of financial services, Gwyneth Nurse.
As well as the £100,000 annual salary, the postholder will benefit from a Civil Service pension with an employer contribution of 28.97%.
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