HM Treasury
Head of Monetary Policy
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Head of Monetary Policy
Salary: London: £62,690 - £69,500 / National: £59,690 - £66,500 (If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.)
Contract Type: Permanent
Working Pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.
Location: London (1 Horse Guards Road) or Darlington (Feethams House)
About the Job
We are recruiting for a Head of Monetary Policy based in our London or Darlington Office. This is an opportunity to lead the team responsible for developing HM Treasury’s thinking and advice for the Chancellor on macroeconomic policy.
This role sits at the heart of economic policymaking, leading HM Treasury's work on monetary policy and supporting engagement with the Bank of England. You will provide advice to ministers and senior officials on some of the most important macroeconomic issues facing the UK, while leading a high-performing team in a fast-paced and high-profile environment.
Key Accountabilities
- Advising the Chancellor, Special Advisers and the Treasury’s Executive Management Board (EMB) on the evolution of the UK’s monetary policy framework, exploring policy options for the remit of the Monetary Policy Committee (MPC) to support the delivery of the government’s economic objectives, and the implications of trends.
- Advising the Chancellor and EMB on UK monetary policy developments, including changes in the stance of monetary policy and the consequences for the government’s economic and fiscal objectives.
- Ensuring the coordination of monetary and fiscal policy by supporting the Chief Economic Advisor in their role as Treasury representative to the MPC and the Chancellor’s discussions with the Governor of the Bank of England.
- Leading the branch’s analysis on the economic and operational implications of monetary policy decisions, and potential future monetary policy tools.
- Supporting the Treasury’s Chief Economic Advisor in appointing external members to the MPC. This involves designing and running a fair, open and competitive recruitment process.
- Developing and maintaining engagement with the Bank of England staff.
- Leading and developing a small team, providing clear direction, support and opportunities for growth.
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We're looking for someone with a strong track record of leading across teams to deliver high-quality analysis and advice. You will be able to think strategically, exercise sound judgement and prioritise effectively in a fast-paced environment. The successful candidate will hold an economics qualification at undergraduate level or above.
Some of the Benefits
- 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%
- 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.
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