Managing Director, Financing Strategy

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

Timetable

These dates are indicative and are subject to change:

Application deadline: 23:55 on Sunday 7 December 2025
Shortlisting: Week commencing 8 December 2025
Psychometric tests/informal conversations: Week commencing 15 December 2025
1st stage Interviews: Week commencing 5 January 2026
2nd stage Informal conversations: week commencing 12 January 2026
2nd stage Interviews: Week commencing 19 January 2026

There will be a two-stage interview process for this vacancy.

Stage 1: Shortlisted candidates will be invited to take part in the following:
- An informal conversation (not assessed) with senior members of the DMO. This is an opportunity for candidates to learn more about the role and the organisation. This conversation is informal and not assessed.
- Psychometric testing
- A formal interview

Stage 2:
Candidates who are successful at Stage 1 will be invited to the final stage 2, which will include:
- A second informal discussion with senior members of the DMO. This provides a chance to reflect and ask further questions, and gain deeper insight into the role and the organisation s culture. This conversation is informal and not assessed.
- A presentation
- A formal interview

Informal conversations will be with: Jo Whelan Deputy Chief Executive & Co-head of policy and markets & Martin Egan Non-Executive Director. Further details will be shared with shortlisted candidates ahead of each stage.

For more information please click here or contact Andrew Timlin () or Owen Quant () 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.