Policy Adviser, Central Bank Digital Currency

Policy Adviser, Central Bank Digital Currency

Salary: £29,970 - £35,500

Working pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.

Location: This post is based in Darlington

Are you interested in playing an important role in a key government Department that offers an exciting opportunity to be involved in the decision making that affects the whole of the UK? We are seeking a highly motivated individual to join our Financial Services Group.

This post is in the Payments and Fintech Team, which sits at the forefront of government policy making to put the UK payments sector at the forefront of technology and innovation, protect access to cash, and ensure that UK financial services can take advantage of developments in fintech and cryptoassets.

The successful candidate will take a key role in the team delivering HM Treasury’s work on a potential digital pound, or UK central bank digital currency (CBDC). This work is a high-profile, complex and cross-cutting, and the role will involve engagement across and beyond HM Treasury.

Digital innovation is changing the landscape for payments and money. The use of physical money is declining while new forms of private sector digital money are emerging. These changes offer exciting opportunities for UK businesses and consumers, but also present new challenges and risks. This has motivated countries around the world to explore digital versions of central bank money.

Today, the Bank of England issues only physical bank notes. A digital pound would be a new form of digital money for use by households and businesses issued directly by the Bank of England.

HM Treasury and the Bank of England are working through the CBDC Taskforce to explore the case for a digital pound. HMT and the Bank have committed to consult jointly on a potential digital pound. The exact division of work in the team will be set on the basis of the skill sets and interests of the new team members.

Key Accountabilities

1. Play a vital role in a growing CBDC team. Work closely within and help coordinate a core virtual team reflecting the cross-cutting character of the work.
2. Analyse CBDC policy issues in order to advise Ministers on how they can achieve their ambitions and the government’s wider agenda.
3. Work closely with a wide array of stakeholders to identify and address emerging issues and ensure a joined-up approach with other related areas of work.
4. Support the Treasury’s project management and governance approach for CBDC.
5. Support Ministers’ activities in Parliament.
6. Participate in international engagement on CBDC.
7. Lead on the branch’s correspondence and briefing responsibilities.

The Darlington Economic Campus is a pioneering new cross-government hub which will bring together people across departments and public organisations to play an active role in the most important issues of the day. The work of the Campus will make a real difference to people both UK and internationally. There will be substantial career opportunities and exciting prospects - a career at the Campus means you will be working at the heart of Government, with access to the benefits and fantastic opportunities offered by the civil service. This role is based at HM Treasury and we will be joined on the campus by:

• Department for International Trade
• Department for Business, Energy and Industrial Strategy
• Office for National Statistics
• Ministry of Levelling up, Housing, Communities
• Department for Education
• Department for Digital, Culture Media and Sport
• Competition and Markets Authority

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.
• 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 role, salary, benefits and how to apply please follow the "Apply" link.

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 Frankie Evans ([email protected])

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 [email protected]

Our recruitment process is underpinned by the principle of appointment based on fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners’ Recruitment Principles. If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email: [email protected]

If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.

Please let HM Treasury know that you found this job role on CryptoJobs.gg