Context
The Civil Service delivers public services and supports the Government of the day to develop and implement its policies. Much of this work happens in our individual Departments (of which there are over 40), but we also have 12 cross-Government functions — along with numerous arm's-length bodies who work across the public sector.
This role is based in the UK Debt Management Office (DMO), an Executive Agency of HM Treasury. Treasury Ministers determine the policy and financial framework within which the DMO operates. Treasury Ministers delegate operational decisions on debt and cash management and the day-to-day management of the DMO to the CEO. Treasury Ministers will set, with advice from the CEO of the DMO and Treasury officials, an annual financing remit for the volume of gilts and Treasury bills to be sold (i.e. amount, structure, and timing of issuance). The DMO is uniquely placed to offer specialist advice to inform these decisions.
The Co-Head of Policy and Markets is a senior executive role. If you have never worked in the Civil Service, as a general guide, each Department is headed by a Permanent Secretary, and their direct reports are Directors Generals who oversee an area of internal operations. The Chief Executive Officer of the DMO is a Director General. This role reports to the CEO and is equivalent to an Executive Committee member in the private sector.
