About the UK Debt Management Office
The UK Debt management Office (DMO) is an executive agency of His Majesty s Treasury. We are responsible for debt and cash management for the UK government, local authority lending operations and managing certain public sector funds. The DMO s remit is to carry out the government s debt management policy of minimising financing costs over the long term, taking account of risk, and to minimise the cost of offsetting the governments net cash flows over time, while operating within a risk appetite approved by ministers in both cases. Since its creation in 1998, the DMO has successfully established itself as an integral part of wholesale financial markets, raising in excess of £3.1 trillion in total gilt issuance, while annual turnover in its cash management operation is currently around £8 trillion.
The DMO employs around 140 people. Approximately one third work within the Financing Strategy area, which is responsible for debt, cash and balance sheet management teams, and related transactions, as well as local government lending operations and the management of certain public sector funds. The remaining staff work in the Operations directorate which comprises Finance, Settlements, Risk Management, Business Delivery, and Facilities teams. Business Delivery is the term used in the DMO to cover the Technology teams including Infrastructure, Applications, Testing, Business Analysis, Project & Programme management and Service Desk functions. It comprises approximately 60 staff. Although structured into a number of functional teams, the DMO operates with a flat management structure and a collaborative, flexible approach. This enables teams to respond quickly to operational demands and evolving business needs. All staff have access to and are encouraged to undertake training and development opportunities.
About the Role
This is a new role for the organisation. The DMO is looking to enhance and develop its technology service to ensure that it continues to support the delivery of the DMO s critical business objectives, whilst providing a clear strategy and roadmap for the future.
Maintaining the resilience, availability, standards and security of the systems that support the DMO s market-facing operations is critical. The ability to operate seamlessly with Market Counterparties is paramount, and the safe and reliable delivery of these services will always be the DMO s highest priority.
Alongside this, the DMO requires a forward-looking technology strategy to modernise, enhance and facilitate the implementation of new tools and services to support the delivery of the DMO s mission-critical objectives. This includes further controlled adoption of automaton, business and data analytics, a strategy for further use of the cloud and artificial intelligence.
The DMO requires a technology leader who will lead the design and delivery of the technology strategy, ensuring the DMO continues to benefit from modern technologies and ways of working while preserving the resilience, security and reliability of its critical operations. This is a new role, reflecting the importance the DMO places on both current and future technology.
Key Focus
The Managing Director, Technology (MD, Technology) is a senior leadership role that is accountable for setting out a medium and long-term technology strategy, driving innovation and digital transformation, alongside overseeing the maintenance of a secure, resilient, and scalable technology environment that meets the critical business needs of the UK Debt Management Office (DMO).
The role provides strategic leadership for the technology function and contributes to the management and delivery of the broader business aims and objectives. The role reports jointly to the Deputy CEO, Operations and the Deputy CEO, Financial Strategy, which reflects the significance of the role across all parts of the DMO.
The MD, Technology has overall accountability for the DMO s technology architecture, platforms, data, and infrastructure, ensuring they continue to meet the highest standards of resilience and operational performance. The role is also responsible for ensuring the DMO is well positioned to adopt new technologies and services to meet current and future business objectives.
The technology area within the DMO covers both operational and strategic activities, with the MD, Technology being directly responsible for the technology strategy. The MD, Technology will be supported by a deputy in the role Head of Business Delivery, who is in turn responsible for leading the DMO s technology operational delivery capability. Working in close partnership, the MD, Technology and Head of Business Delivery are responsible for the management and leadership of the following teams
- Programme & Project Management
- Testing
- Application Development & Support
- Service Desk
- Business Analysis
- Business Continuity
- Infrastructure & Platforms
- Business Services, which covers Procurement, Contracts Management & Facilities
Person Specification
Experience
• Significant executive leadership experience leading a technology function within a complex, operationally critical or highly regulated environment.
• Proven experience of developing and successfully delivering a technology strategy aligned to organisational objectives.
• Demonstrable experience of maintaining secure, resilient and business-critical technology services whilst delivering complex technology change.
• Experience of modernising technology environments through initiatives such as cloud adoption, automation, AI and platform transformation.
• Experience of working effectively with Executive teams, Boards and external stakeholders to influence strategic decision-making.
• Experience of operating within financial services, capital markets or other critical national infrastructure environments.
Skills and behaviours
• Strategic thinker, able to anticipate future technology needs and translate vision into practical delivery.
• Inclusive and authentic leader, able to build high-performing teams and bring people with them through change.
• Excellent communicator, able to explain complex technical concepts clearly and influence technical and nontechnical audiences.
• Sound judgement, balancing innovation with operational resilience, governance and risk.
• Collaborative and values-led, demonstrating integrity, credibility and a strong commitment to public service.
• Able to respond confidently to changing organisational priorities, emerging technology risks and evolving business needs, while maintaining sound judgement, focus and delivery in a complex, operationally critical environment
Candidates Please note that you will be asked to give evidence in your application of how you meet these criteria.
Benefits
• Annual Leave - You will have an annual leave allowance of 27.5 days (pro-rata, dependent on start date) plus paid bank holidays.
• Civil Service Pension. The current employer contribution rate for this salary level is 28% of salary as explained at Civil Service Pension Scheme.
• Subsidised gym membership
• Interest free season ticket loan
• Family friendly HR policies including paid maternity, paternity and adoption leave
• A working culture which encourages inclusion and diversity 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.
Professional Qualifications, Training & Development
The DMO provides financial support to employees undertaking professional qualifications, skills training and development that are relevant to the role. The DMO will also pay individual subscriptions to professional bodies.
Applications should be received by 23.55 on Monday 26 th October.