HM Revenue & Customs
Banking Sector Specialist
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Job Summary
Discover what it’s like to work in a compliance role that makes an impact. Could you help us shape a stronger, fairer future? Your next career move starts here.
Large Business (LB) is responsible for over 2,000 of the UK’s largest businesses, which pay a significant proportion of total HMRC business taxes and duties.
LB operates a regional structure with each region led by a Deputy Director (DD) who is accountable for delivering the LB Strategy, Operational Delivery and People Leadership across the regions.
LB London specialises in the banking and asset management sectors.
This is a high-profile Banking Sector Specialist role within HMRC and is a chance for you to add value to Large Business’ strategy to address compliance risks and emerging trends in the UK banking sector.
The role requires strategic and commercial thinking, and technical capability to help influence and develop compliance approaches to address areas of risk within the banking sector.
We are looking for dynamic individuals to lead areas of sector risk and to work collaboratively with Customer Compliance Managers, Sector Leads, and stakeholders across Large Business to identify and drive effective compliance interventions in the banking sector.
Job Description
As a Banking Sector Specialist, you will be responsible for handling the most complex matters relating to banking sector compliance, including risk assessment, sector profiling, and providing commercial insight. This role is central to HMRC’s efforts to address emerging risks and trends in the banking sector by leading and supporting high-profile, technical enquiries and shaping future compliance approaches in this area.
Your workload will be varied. You will lead our response on complex sector enquiries through risk assessment, sector monitoring, real-time working, and interacting with external customers and their representatives across the banking industry. You will also inform and support our operational strategy for addressing banking sector risks. You will work with a number of key colleagues across the organisation including Customer Compliance Managers, Sector Leads, Policy teams, and commercial specialists.
Successful applicants will be responsible for technical leadership in banking sector matters; focusing on building colleagues’ capabilities through mentoring, training, and knowledge sharing.
This is a leadership role with no line management responsibilities.
Travel may be required from time to time to fulfil this role, for example to attend customer meetings or sector forums.
You Will:
- Provide expert knowledge of banking sector operations, products, and risk frameworks to inform compliance strategies and act as a trusted consultant to case teams.
- Develop sector-wide profiles to identify emerging tax risks, trends, and gaps in policy or legislation, recommending compliance interventions.
- Support the design, building, and delivery of a commercial awareness programme for HMRC colleagues, enhancing sector-specific expertise and demystifying banking practices.
- Shape discussion points and contribute to internal and external forums on banking, collaborating with HM Treasury and policy teams, and feeding into proposals impacting the banking sector (e.g., bank levy, banking surcharge).
- Track regulatory changes, competitive pressures, and emerging trends within the banking industry, translating these into practical insights for HMRC colleagues.
Person Specification
The successful applicant will need to demonstrate relevant experience and effective delivery of the following essential criteria.
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Essential Criteria
- Recent and demonstrable experience of working with or within the UK banking sector.
- Ability to interpret how banks operate, including their products, revenue streams, and risk frameworks, enabling identification of emerging trends and sector-wide risks.
- Strong communication skills, with the ability to convey complex sector concepts clearly and produce high-quality briefings and training materials.
- Familiarity with UK tax principles as they apply to banks.
- Familiarity with regulatory frameworks such as PRA/FCA requirements and Basel standards.
Further Location Information
Please ensure that you only apply for a location that you are willing and able to work from, as we will only make one offer of employment. Any additional notes included in a ‘Further Location Preferences (optional)’ field within the application form, will not be considered. Please be aware that you cannot change your location preference after submitting your application.
Technical Skills
We'll assess you against these technical skills during the selection process:
- Assessment based on the technical skills listed in the essential criteria.
Salary and Benefits
Alongside your salary of £78,988, HM Revenue and Customs contributes £22,882 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
HMRC operates both Flexible and Hybrid Working policies, allowing you to balance your work and personal commitments. We welcome applications from those who need to work a more flexible arrangement and will agree to requests where possible, considering our operational and customer service needs.
We offer a generous leave allowance, starting at 25 days and increasing by a day for every year of qualifying service up to a maximum of 30 days.
- Pension - We make contributions to our colleagues’ Alpha pension equal to at least 28.97% of their salary.
- Family friendly policies.
- Personal support.
- Coaching and development.
To find out more about HMRC benefits and find out what it’s really like to work for HMRC hear from our insiders or visit Thinking of joining the Civil Service.
Artificial Intelligence
Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.
Selection Process Details
This vacancy is using Success Profiles, and will assess your Experience and Technical skills.
How To Apply
As part of the application process, you will be asked to provide the following:
- A name-blind CV including your job history. Your CV should be up to your last 5 roles and for each job role included, please provide a brief description of the role, key responsibilities and key achievements (max 300 words per role).
- Please reference how you meet the essential criteria.
Further details around what this will entail are listed on the application form.
Sift
At full sift your CV will be assessed, with the successful candidates being invited to interview.
We may also raise the score required at any stage of the process if we receive a high number of applications.
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Interview
During the panel interview, you will be assessed on Experience and Technical skills.
The interview will begin with a technical question/assessment. You’ll be given the question prior to interview and will have 10 minutes to present your answer to the panel. The technical assessment will be based on the skills listed within the essential criteria.
You will also be asked questions with reference to the job specification and essential criteria, to assess your experience and explore in detail what you are capable of. This will be an opportunity to evidence your expertise.
Interviews will take place via video link.
Sift and interview dates to be confirmed.
Eligibility
Please take extra care to tick the correct boxes in the eligibility sections of your application form. Mistakes sometimes happen but if you contact us later than two working days (Monday-Friday) before the vacancy closes, we may not be able to reopen your application for you. If you do make a mistake with your eligibility form, or have withdrawn yourself in error and need your application reinstated whilst the campaign is still live, please contact us via: unitybusinessservicesrecruitmentresults@hmrc.gov.uk – Use the subject line to insert appropriate wording for example – ‘Please re-open my application – [insert vacancy ref] & vacancy closing date [insert date]’.
To check that you are eligible to apply for this role, please review the eligibility information before submitting your application.
Exceptionally, candidates who are not successful at this grade may be considered for appointment to similar roles at a lower grade where the eligibility criteria are met. If this applies, we will contact you directly.
The HMRC App
The HMRC app can help you with your application
The HMRC app can provide you with your past 5 years' employment history, making the process of filling in your application quicker and easier.
If successful in your application, you will need your National Insurance number for the onboarding process.
Download the HMRC app now and save your National Insurance number to your digital phone wallet.
How to download the HMRC app and sign up for an account
Download the free HMRC app from the App Store or Google Play store.
If you have an HMRC online account already, sign straight in using your ID and password. If not, you can prove your identity by answering some questions or providing your photo ID.
You’ll then be able to access the app quickly and easily by signing in using a 6-digit PIN, your fingerprint, or facial recognition.
You can find guidance for technical issues on GOV.UK: Technical support with HMRC online services.
Reserve List
A reserve list may be held for up to 12 months from which further appointments may be made for the same or similar roles – if this applies to you, we’ll let you know via your Civil Service Jobs account.
Criminal Record Check
Applications received from candidates with a criminal record are considered fairly in accordance with the DBS Code of Practice and the Recruitment of ex-offenders Policy.
Merit List
After interview, a single merit list will be created, and you will only be considered for posts in locations you have expressed a preference for. Appointments will be made in strict merit order in line with the set number of roles in each location.
Hybrid Working at HMRC
HMRC is an office-based organisation, and colleagues are expected to spend 60% of their working time in the office. Our offices provide opportunity for interaction, collaboration which aids learning
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