HM Treasury
Economic Adviser, Financial Services Strategy
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This post can be based in London (1 Horse Guards Road), or Darlington (Feethams House).
Job Summary
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
This is an exciting and unique analytical opportunity to lead and shape economic analysis across Financial Services Group, overseeing the evidence base for one of the UK’s most strategically important sectors.
As the economist leading the Group’s analytical function, you will have significant scope to shape the analytical agenda, combining quantitative and qualitative analysis to inform policy, strategy and Ministerial decision-making. The role offers exceptional variety, ranging from long-term strategic analysis and evaluation through to responding to fast-paced Ministerial priorities, working closely with policy colleagues and economists across government, regulators, and external stakeholders.
In This Role You Will Be Responsible For:
- Leading the Group's analytical function, developing and delivering the analytical workplan related to one of the UK's most strategically important sectors. You will have significant scope to identify emerging analytical priorities, bring new evidence and approaches into policy development, and shape the Group's strategic direction.
- Developing the evidence base underpinning the delivery of the Financial Services Growth and Competitiveness Strategy, through a range of analytical approaches including economic frameworks, policy appraisal, data analysis, sector and market intelligence, and monitoring and evaluation. This will prioritise key areas of focus for the Chancellor and build on recent metrics publications, and policy analysis which the previous postholder led including for the Financial Services and Markets Bill Impact Assessment.
- Leading high-profile analytical projects on Ministerial priorities and presenting your analysis to Ministers, Special Advisers and senior officials. Early priorities are likely to include AI and regional growth with scope to shape analysis across the Group's wider portfolio.
- Responding to Ministerial commissions and supporting senior officials and Ministers across the Group's wide-ranging portfolio. This includes shaping analytical input to the Chancellor's annual Mansion House speech and package, fiscal events and wider government growth priorities.
- Building and delivering through a strong analytical network across HMT, across government including with DBT on the Industrial Strategy, and externally with regulators and academia. This includes representing the Group in internal and external forums, bringing economic thinking and evidence into policy development, and helping strengthen the impact of analysis in this area.
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The role does not currently have direct line management responsibilities, although there may be opportunities to oversee and task manage temporary analytical staff in support of priority analytical projects.
The FS Strategy and Analysis Unit is a friendly, inclusive unit that values curiosity and bringing a wide range of perspectives to bear to inform our work. We encourage applications from a wide-range of individuals with an enthusiasm and interest in applying analysis to shape policy and strategy on financial services issues. Previous financial services policy or sector experience is not required to succeed in the role.
If you would like to speak to the hiring manager informally prior to the closing date, please contact Ciara Lenoach (Ciara.Lenoach@hmtreasury.gov.uk)
Visa sponsorship is not available for this role.
Person specification
Application Stage
Required Qualifications
An undergraduate degree in Economics, or equivalent work experience. You must possess or be expected to have a first or upper second-class honours degree with at least 50% of the modules in economics or have a master’s 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.
Please note that only applications submitted through Civil Service Jobs will be accepted.
Technical Skills
- Strong analytical skills and ability to deliver an analytical project from start to finish, applying sound economic theory, selecting the right methodology, and communicating results with impact.
Communicating and Influencing
- An ability to communicate clearly in written and verbal communications, bring technical analysis to life for non-specialists and policymakers, and build effective relationships to influence stakeholders with different priorities.
Seeing the Big Picture
- An ability to respond to a changing policy and stakeholder environment and apply strong judgment to shape plans and situate analysis within a wider strategic context to maximise impact.
Making Effective Decisions
- An ability to apply strong judgement and use imperfect data and evidence to effectively inform analytical plans and policy development, and to support senior or Ministerial decisions.
The lead criterion is: Technical skills
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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
- Strong analytical skills and ability to deliver an analytical project from start to finish, applying sound economic theory, selecting the right methodology, and communicating results with impact.
Behaviours
- Communicating and Influencing
- Seeing the Big Picture
- Making Effective Decisions
Qualifications
An undergraduate degree in Economics, or equivalent work experience. You must possess or be expected to have a first or upper second-class honours degree with at least 50% of the modules in economics or have a master’s in economics.
Behaviours
We'll assess you against these behaviours during the selection process:
- Communicating and Influencing
- Seeing the Big Picture
- Making Effective Decisions
Technical skills
We'll assess you against these technical skills during the selection process:
- Strong analytical skills and ability to deliver an analytical project from start to finish, applying sound economic theory, selecting the right methodology, and communicating results with impact.
Alongside your salary of £59,690, HM Treasury contributes £17,292 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).
Benefits
- Generous Annual Leave - 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
- Outstanding Pension Scheme - Defined Benefit pension with employer contributions of 28.97%
- Parental Leave Packages - Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
- Flexible & Hybrid Working - Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
- Advance Schemes & Discounts - Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.
You can review HM Treasury’s full offer here.
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 (opens in a new window) for more information on appropriate and inappropriate use.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.
The reference to Experience above is system generated. For this role, experience is not assessed at any stage. We will ask for some CV details in your application form, but this is for reference only and will not be scored.
Candidate Guidance
Please review the candidate guidance for an overview of the Success Profiles and STAR approach, along with top tips for applications and interviews.
Recruitment Timeline
- Closing date: 27th September 2026 before 23:55
- Shortlisting: w/c 28th September
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