Managing Director - Financing Strategy

UK Debt Management Office; City Of London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A UK government agency is seeking a Managing Director for Financing Strategy to shape and deliver the UK Government's debt and cash management strategy. This leadership role involves co-leading a multidisciplinary team and engaging with senior stakeholders. The ideal candidate has a strong background in financial markets, particularly in sovereign debt, and demonstrates public service values and integrity.

Qualifications

• Deep understanding of financial markets, particularly in fixed income and sovereign debt.
• Proven track record of delivering high-quality policy advice and leading complex market operations.
• Ability to communicate effectively with senior stakeholders.

Responsibilities

• Co-lead the Financing Strategy function.
• Shape and deliver the UK Government’s debt and cash management strategy.
• Contribute to strategic decision-making across the organisation.

Skills

Understanding of financial markets

Strategic insight into public debt management

Communication skills

Leadership capabilities

Job description

An exceptional opportunity to influence the UK’s sovereign financing strategy has arisen, working at the interface of government and global financial markets

This is a pivotal executive leadership role in a high-performing, purpose-driven organisation with a world-class reputation for excellence and integrity

Reporting directly to the Chief Executive, you will co-lead the Financing Strategy function, shaping and delivering the UK Government’s debt and cash management strategy.

About the DMO

The DMO is an Executive Agency of HM Treasury, responsible for managing the Government’s debt and cash, administering local authority lending, and overseeing certain public sector funds. Since its inception in 1998, the DMO has raised over £3.7 trillion in gilt issuance and manages annual cash operations exceeding £5 trillion.

The Financing Strategy area plays a central role in delivering the DMO’s mandate, with responsibilities spanning debt issuance, cash management, policy development, investor engagement, and strategic research.

About the role of Managing Director, Financing Strategy

You will be a key member of the Executive Committee and Advisory Board, contributing to strategic decision-making across the organisation and representing the DMO at the highest levels externally, ensuring that its reputation for professional excellence, integrity and cooperation is maintained and enhanced.

As one of two Managing Directors, you will lead a multidisciplinary team covering key areas such as:

• Policy & Research – Providing strategic advice to HM Treasury, backed by rigorous analysis and market intelligence. You will develop proposals to be presented within government and externally.
• Markets – Overseeing gilt and cash desks, managing relationships with investment banks and market counterparties.

The Candidate

We are seeking an accomplished senior leader with a deep understanding of financial markets, particularly in fixed income and sovereign debt. You will bring strategic insight into public debt management, liquidity risk, and the implementation of monetary policy, alongside a proven track record of delivering high-quality policy advice and leading complex market operations.

Your ability to communicate clearly and effectively—especially when distilling technical issues for senior stakeholders—will be essential. You will be a collaborative leader, capable of inspiring specialist teams and working seamlessly across organisational boundaries.

Above all, you will demonstrate a strong commitment to public service values, integrity, and the mission of the UK Debt Management Office.

Candidates will be assessed against Civil Service Success Profiles throughout the process. More information on this can be found here: Success Profiles: Candidate overview - GOV.UK.

Closing date: Sunday 7th December 2025

For more information please contact Andrew Timlin(07887777735) or Owen Quant (07867695217) at Hays Executive:

Diversity is vital to the success of this role, and to the Civil Service as a whole. We actively welcome applications from candidates from all backgrounds, with different experiences and perspectives—and we are committed to ensuring that we work in an inclusive way that means everyone in the Civil Service can perform at their best.