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Economic Adviser: Macroeconomic Modelling
£57670 - £64500
HM Treasury, Darlington
- Hybrid working
- Full time
- Permanent
Full Job Description
Do you have experience in economics or analytics and are looking for a unique opportunity to influence exciting policy issues whilst developing your skills working with macroeconomic models? If so, we could have the perfect job for you !
About the Team
Economic Risks (ER) & Analytical Projects Unit (APU) is a team with a varied remit that works flexibly and collaboratively with teams across HM Treasury and in other Departments to improve risk management. We use modelling and analytical capabilities to influence policy and strategy in responding to a wider range of risks to the economy. We play a central role in assessing the macroeconomic impact of international risks, particularly geopolitical and climate. Beyond this, the team also cover a wider set of risks such as, for example, cyber risk, energy outages, critical infrastructure, etc. The team is co-secretariat for the Economic Risks Group and Climate Analytical Sub-Board.
The APU provides analytical expertise and support to critical projects across HMT. Members of the team are deployed on projects covering a range of public policy issues – both influencing HMT’s macroeconomic policy within Economics Group and building the evidence base for policymaking across other areas.
About the Job
In this role, you will:
· Lead the application of the team’s suite of macroeconomic models across a range of high-profile policy issues. Initially this will focus on Computable General Equilibrium (CGE) models, but there is the potential to work across a wide range of models. Previous policy applications have included changes to the tax system, quantifying the impact of net-zero and climate change, and major trade policies.
· Maintain and develop the team’s models and building capability in other teams. This will require: collaborating closely with data providers to check quality and consistency; updating models to incorporate the latest data and developments in relevant academic and policy literature; working with other teams to expand the use of macroeconomic models; and developing new models to further enhance the team’s analytical toolkit.
· Provide additional analytical support for the priorities of the Economics Group. This is likely to include one-off pieces of economic analysis or model-building, working with policy colleagues across the department to deliver on departmental and ministerial objectives.
· Identify and build strong collaborative partnerships. Partner with a range of organisations to uncover and share valuable analysis that aligns with the department's strategic direction. Build effective relationships with policy teams to ensure analysis is well targeted and timely. Represent HM Treasury with key external organisations including other government departments, the Bank of England, the Office for National Statistics, the Office for Budget Responsibility and academics.
About You
You will have an economics degree (or equivalent analytical qualification), preferably at postgraduate level. You will be able to communicate technical issues in a way that is accessible and impactful and be able to build effective relationships and collaboratively work through differences of view to deliver together.
Some of the Benefits our people love!
· 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month
· Flexible working patterns (part-time, job-share, condensed hours)
· Generous parental and adoption leave packages
· Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%
· Access to a cycle-to-work salary sacrifice scheme and season ticket advances
· A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity
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.
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