HM Treasury
Assistant Economist – International Economics
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Job Summary
These posts can be based in London (1 Horse Guards Road) or Darlington (Feethams House).
Working at HM Treasury puts you at the heart of government, making a difference to the UK economy and ultimately to people’s lives right across the UK.
Jobs at the Treasury are fast-paced, fun and can offer unparalleled perspective – not least the opportunity to advise Ministers on the decisions which directly determine the UK’s prosperity. Deep in our DNA is a commitment to empowering our people: maximising individual and collective impact, with interesting work no matter your role or seniority.
Day-to-day you could be supporting Ministers to decide the right level of a specific tax or line of government spending; helping maintain the stability of financial markets; analysing the long-term trends impacting the future of the economy; or enabling this work as part of our vital corporate functions.
We are a high-performing department and proud to have outstanding staff from a wide range of backgrounds. We are also a friendly, inclusive and sociable workplace that prides itself on fostering great team spirit. Our two largest offices are 1 Horse Guards Road in London, opposite St James’ Park, and the Darlington Economic Campus, which also contains eight other departments. We work seamlessly across all our sites, including Norwich, Birmingham and Leeds, as one Treasury.
We are both a 1,000-year-old institution and dynamic, forward-looking economics and finance ministry, with a strong direction set by our organisational strategy, the Future Treasury Vision. The 21st century offers huge opportunities and poses new challenges for the UK. Working at the Treasury is your chance to help the country chart the right course.
Job Description
Secure Growth
Secure Growth are seeking a proactive and curious economist to play a key role in developing strategy and policy across several fascinating work areas. The work will vary in style and approach: ranging from appraisal of specific policy interventions, or developing data-led insights into specific technologies, industries and sectors – through to developing conceptual frameworks that can guide the development of robust strategies for economic resilience. The core responsibilities of the post holder will be:
- Economic resilience strategy – Lead analytical input into the development of economic resilience strategy. How can the UK build prosperity that is secure and resilient in a fast-changing world? Partner with analysts across domestic- and international-facing teams in HMT to build an evidence base to inform the Department’s strategic thinking.
- Economic resilience appraisal methods – Support the development of new analytical methods and frameworks for quantitatively estimating economic resilience impacts. This will include contributing to existing frameworks (such as the Green Book) to ensure that they sufficiently factor in resilience impacts, and promoting these across HMG.
- Sectors, industries and technologies analysis – Develop analysis and sectoral expertise to support the Department’s policy and strategic positions relating to the resilience and security of vulnerable goods and sectors – such as critical minerals, semiconductors, and other critical supply chains. Work collaboratively with analysts and policy advisors across HMT and other government departments to conduct analysis.
- Lead HMT external engagement on resilience analysis – Build and maintain a network of contacts from across government of officials working on similar issues. Draw on external expertise – within and without government – to ensure the robustness of HM Treasury’s assessments of economic resilience.
- Ad-hoc analysis – deliver data-driven insights in response to ad-hoc demand from economic resilience or economic security policy teams.
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Global Economics
The Role In Global Economics is a Stretching SEO Post Within The Emerging Markets Branch Covering The Middle East And North Africa (MENA), Central (incl. Russia & Ukraine), South (excl. India And China) And Southeast Asia Regions. It Offers The Opportunity To Work On Important International Policy And Macroeconomic Issues, In An Exciting And Fast Paced Area With High Ministerial And Senior Official Interest. The Role Will Be a Key Contributor To Several Of The Unit’s Core Responsibilities:
- Analysis of Emerging Markets – Lead on HMT’s economic analysis for a geographic portfolio including the MENA, Central, South and Southeast Asia regions working closely with FCDO Posts. Analyse the economic developments in these regions and raise awareness of the implications for the UK and global economy. Produce in-depth country analysis based on current priorities and contribute to GE’s regular analytical products.
- IMF programs and OECD economic surveys – Lead on producing recommendations to inform the UK’s position at the IMF Board on key country programmes (including Pakistan, Sri Lanka, Bangladesh, Egypt, Ukraine), working closely with FCDO and IMF UKDel. Lead on HMG comments on regular IMF and OECD country reporting to inform UK interventions at IMF and OECD board meetings.
- International energy markets – Support monitoring of international oil and gas markets and informing ministers and senior officials of significant events with economic implications. Conduct analysis to support policy teams on the economic impact of decisions impacting these markets (e.g. sanctions policy). Lead on scoping and undertaking pieces of research/analysis to improve the team’s understanding of international energy markets. Support HMT’s crisis response efforts where they pertain to international energy markets (e.g. Middle East).
- National security – Contribute to ministerial/senior briefing on thematic and geographic responsibilities for relevant XWH meetings (NSC, NSC(O), JIC), helping formulate HMT’s position in these discussions.
- Briefing for ministerial and senior engagement – particularly with international counterparts across countries within the role’s geographic portfolio, or where these region/country issues are being discussed, including bilateral and multilateral meetings (G20, G7, IMF).
Team members in both Secure Growth and Global Economics work flexibly and are expected to support in the delivery of ad hoc requests, which may include inward and outward ministerial/senior visits, correspondence and FOIs. Team members are expected to make a contribution to the corporate life of the team and wider group, including a corporate responsibility at the level of the team and/or group.
Candidates are invited to express a role preference in their application which, should they be successful, will be considered but not guaranteed
Developed Vetting (DV) is required for these roles. If DV is not already held, the successful candidates can start in post with Security Check (SC) whilst their DV application is underway.
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Candidate Drop-In Session
The hiring managers will be running a candidate drop-in session to give you greater insight about the roles and HM Treasury, and ask any questions you might have. If you would like to join us, use the link below to join the call at the right time.
- Tuesday 20th October @ 12:30 Join the meeting here
- Wednesday 21st October @ 17:00 Join the meeting here
If you would like to speak to the hiring manager informally prior to the closing date, please contact Dilesh.patel@hmtreasury.gov.uk (Global Economics) or Alexander.Campbell@hmtreasury.gov.uk (Secure Growth).
Visa sponsorship is not available for this role.
Person Specification
Application Stage
Required Qualifications
- Undergraduate degree in economics (for joint degrees at least 50% of the credit value of the course modules should be in economics).
In your application form, you’ll be asked to confirm that you hold this qualification. You will need to provide evidence of this qualification if you are invited to interview.
Application Form
Applications should consist of a CV including your employment history, and a 250-word statement demonstrating evidence of each of the below shortlisting criteria. Your CV and employment history won’t be scored. It’s used to give context to your application and support discussions at interview.
The panel will review applications and invite those that best demonstrate evidence of the shortlisting criteria below for interview. Please keep this in mind when writing your application.
- Making Effective Decisions: Using strong analytical ability to draw on data and/or other evidence in order to generate insights and provide high quality advice and recommendations.
- Technical: Developing novel or bespoke quantitative economic analysis
- Seeing the Big Picture: Identifying developments and risks that can have an impact on your work and developing a plan for how to proceed.
- Working Together: Ability to build good relationships with colleagues from different teams and use these connections to drive forward a coherent work plan.
The lead criterion is: Making Effective Decisions
If we receive a high volume of applications, we’ll first sift using the lead criterion only. Those meeting the minimum score will then be assessed against all remaining criteria.
Interview Stage
If You Are Successful At The Application Stage, You Will Be Invited To Interview Where You Will Be Assessed Against The Following Criteria:
- Technical Skills – developing novel quantitative economic analysis
- Strengths
- Behaviours:
- Making Effective Decisions
- Seeing the Big Picture
- Working Together
Interview Task / Presentation
Prior to your interview, we will contact you about a task / presentation that the panel would like you to deliver as part of the assessment. Further details will be communicated to you nearer the time.
Qualifications
- Undergraduate degree in economics (for joint degrees at least 50% of the credit value of the course modules should be in economics).
Behaviours
We'll assess you against these behaviours during the selection process:
- Making Effective Decisions
- Seeing the Big Picture
- Working Together
Technical skills
We'll assess you against these technical skills during the selection process:
- Developing novel or bespoke quantitative economic analysis
Benefits
Alongside your salary of £44,600, HM Treasury contributes
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