Policy Officer - Mutuals

Are you looking for an exciting opportunity to play a leading role in HM Treasury’s policy approach to mutuals and back the government’s dedication to doubling the co-operative and mutual sector? If so, we’d love to hear from you!

About the Team

The Banking and Credit team, which is part of the Financial services Group, leads HM Treasury’s work to ensure the UK has a resilient, competitive and inclusive retail banking and credit landscape. We work closely with major banks, alternative lenders, business groups and the wider financial services sector to support access to banking services, champion innovation, and maintain a regulatory framework that works for both firms and their customers. Within this, the team oversees policy on mutuals (building societies, credit unions, co-operatives, and community benefit societies), championing the role these members owned institutions play in supporting consumers and communities, and helping to maintain a diverse and sustainable sector.

About the Job

In this role, you will:

• Deliver Legislation – Support the delivery of primary and secondary legislation, engaging well with Treasury Legal Advisers, providing essential support to Ministers in Parliament, and responding to fast moving developments.
• Policy Development – Lead the development and shaping of policy across the mutuals sector, including identifying priorities, gripping technical nature of this portfolio, considering the risks, opportunities, and wider impacts from/on other policy areas across government and regulation, and translating this clearly into advice and reports for ministers.
• Emerging Issues – Lead on emerging issues and opportunities across the portfolio, developing strategic responses, advising seniors on next steps, and supporting HMT’s response.
• Stakeholder Engagement – Build and credibly maintain effective relationships with a broad network of stakeholders across HMT, wider HM Government, regulators, and the external financial services landscape to identify opportunities, understand emerging risks, support strategic decision making, and ensure constructive collaboration across your portfolio.
• Briefing, correspondence and Parliamentary engagement – Produce high quality briefings for senior officials and ministers and lead on relevant areas of the team’s correspondence and Parliamentary workload.

About You

This is a fantastic role for someone who enjoys working at pace on high-profile issues, thrives in a collaborative environment, and is motivated by opportunities to influence real-world outcomes. You don’t need previous experience in financial services – we are looking for someone who is curious, proactive, a strong communicator and excited about learning new areas of policy.

Whilst hybrid working will be the normal rhythm for the role, it will require some attendance in, or travel to, the London office for regular in-person stakeholder engagement.

Some of the Benefits our people love!

• Generous Annual Leave – 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
• Outstanding Pension Scheme – Defined Benefit pension with employer contributions of 28%
• Parental Leave Packages – Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
• Flexible & Hybrid Working – Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
• Advance Schemes & Discounts – Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.

For more information about the role and how to apply, please follow the apply link.

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].