Based in the City of London, the UK Debt Management Office operates at the heart of the financial markets, interacting with major financial institutions on a daily basis. As an Executive Agency of HM Treasury it is a public sector organisation operating in a private sector environment. Its focus is on achieving value for money in its provision of services to the public sector and it aims to follow best practice in financial and risk management.
The DMO has grown rapidly since it was established in 1998 and currently has approximately 113 staff. About a third of the staff work in the Policy and Markets area which is responsible for debt and cash management policy and related transactions as well as for local government lending and for fund management. Finance, settlements and risk management are segregated and the Office has full in-house IT, HR and Facilities support.
Although organised into a number of functional teams (see DMO Functional Structure) staff operate flexibly to deal with issues as they arise and the office operates with few management layers. All staff have access to training and development opportunities and are actively encouraged to take them.
Vacancies arise on an ad hoc basis and are all normally openly advertised on various websites and in specialist journals, the press and also on the DMO website. By clicking the link below you will be able to access job details and where appropriate download application forms.
The DMO values skills and expertise and is committed to training and development. It is a rewarding place to work, respecting people, with an open management culture and a common sense of purpose.
The Investors in People award, (achieved initially in June 2000 and reaccredited most recently in October 2017), illustrates the commitment of the Office to the training and development of its staff.
The DMO provides financial support to employees undertaking professional qualifications relevant to the role.
The DMO offers a choice of pensions, giving the individual the opportunity to choose the pension that is best suited to their needs. More details are available on www.civilservicepensionscheme.org.uk/.
The DMO offers a season ticket loan and a subsidised gym membership and childcare vouchers (the terms & conditions of such benefits may vary over time).
Applications are welcome from UK nationals, other Commonwealth citizens, British protected persons and nationals of states in the European Economic Area (and Switzerland) and certain members of their families. Commonwealth citizens must be free of any restrictions to reside and take up employment in the UK.
The DMO held recruitments for 19 posts during 2017-18.
The DMO has a flat organisational structure without grades or pay bands and individuals are appointed to specific posts with individual pay points - it is therefore not possible to report the numbers appointed by level within the organisation.
All recruitment to new posts was carried out on the basis of fair and open competition and selection on merit in accordance with the provisions of the Civil Service Commissioners' Recruitment Principles and was also subject to an internal compliance audit.
Candidates were also selected in accordance with the provisions of the DMO's Equal Opportunities Policy.