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Are you analytically minded with the right skillset and motivation to apply your skills and economic insight to complex issues ranging from the cost of living to climate change ? If so, we’d love to hear from you !

About the Team

The Macroeconomic Policy Team has 15 staff, responsible for developing HM Treasury’s thinking and advice for the Chancellor on macroeconomic policy! This includes short-term fiscal policy and monetary policy strategy. The team consists of four branches:

1)                 Strategy and Framework – We provide advice, analysis and briefing on the macroeconomic strategy. We also work with office of the Chief Economic Advisor to coordinate the weekly macroeconomic strategy meetings, arranging presenters and providing readouts.

2)                 Monetary Policy – We advise on the monetary policy framework and support Chief Economist in her role as the Treasury representative at the Bank of England’s Monetary Policy Committee (MPC) meetings. The branch produces monetary policy analysis ahead of MPC meetings, speeches and select committee hearings. We also own the appointment process for external members to the MPC.

3)                 Projects – We solve a variety of pressing macroeconomic questions in short-term projects commissioned by seniors within HMT that typically span over a month or two. These projects can be either analytical or strategic.

4)                 Research – We look more deeply into analytical issues on fiscal and monetary policy including the fiscal stance and automatic stabilisers. We develop a research agenda across the team and build links with other teams, academics and external organisations on policy issues.

About the Job

As head of projects branch, you will support macroeconomic policy analysis for HMT. Our team’s work involves developing analysis to guide HM Treasury’s macroeconomic strategy and the policies ultimately used in the Budget!

Role responsibilities will include:  

·      Supporting HM Treasury’s programme of macroeconomic analysis. This will require excellent analytical skills paired with the initiative and curiosity to undertake research into new areas to develop genuine expertise. A good understanding of public finance statistics is helpful but not crucial, provided you have a curiosity about developing your knowledge.

·      Effective communication skills in both oral and written work. You will present your work regularly so you will need to boil down your understanding of macroeconomics and econometrics into simple and easily understandable terms for different audiences.

·      Developing and maintaining effective relationships with colleagues in HMT and external bodies. Your ability as a great teammate and your enjoyment for meeting new people will help you to draw on their skills and knowledge.

·      Developing, managing and prioritising a large portfolio of work consisting of a range of urgent short-term projects and long-term research. This will draw on your strengths as a leader, managing one assistant economist whose work and pastoral care you will oversee as well as effective upward management of senior staff.

·      Working on a mix of projects depending on your development needs, interests and wider HMT priorities. A willingness to learn and develop knowledge of specialist topics, drawing on the understanding of colleagues you work with will be key.

About You

You don’t need to be an existing civil servant or have an in-depth knowledge of the public finances to do well as an analyst in HM Treasury. We want a candidate who holds degree level or higher in economics and who is up for a challenge and willing to learn and upskill on the job.

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