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- Tasks: Analyse UK-EU economic relationships and support policy recommendations.
- Company: Join the European Policy team at HM Treasury, shaping the UK's economic ties with the EU.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
- Why this job: Work on impactful economic policies while enjoying a vibrant team culture and social life.
- Qualifications: Strong analytical skills and ability to communicate complex ideas clearly.
- Other info: Flexible hours and part-time options available; diverse staff networks encouraged.
The predicted salary is between 36600 - 39900 £ per year.
Salary: London: £44,630 - £47,500 / National: £41,630 - £44,500. This role typically attracts an Analyst Allowance of between £2,000 - £3,500 for eligible individuals. Confirmation of eligibility will be provided to the successful applicant on appointment.
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 / Darlington
Are you looking for a varied role, working very closely with other analysts and policy leads across a range of economic priorities, including the fiscal and macroeconomic impacts of aspects of the UK-EU relationship? You will also become an expert in UK-EU trade, monitoring current performance and understanding the breadth of external literature on this topic. If so, we'd love to hear from you!
About the Team
The European Policy team (EP) leads HMT’s policy advice and analysis on the UK’s multi-faceted economic and financial relationship with the EU, underpinned by the UK’s agreements with the EU, including the Trade and Cooperation Agreement (TCA) and the Windsor Framework governing arrangements in Northern Ireland. Against a challenging geoeconomic context, we are supporting cross-Government work to strengthen the UK’s strategic relationship with the EU and manage the ongoing economic and financial aspects of that relationship. We work across the International Group, the Treasury and other Government departments to ensure the Chancellor and other Treasury Ministers receive robust strategic advice, analysis and briefing on our evolving relationship with the EU and other European trading partners. EP is a team of around 20 staff based in London and Darlington, with a mix of specialists, economists and finance professionals. The team is an engaging and encouraging place to work, from the opportunity to work on varied and exciting European policy issues and develop trade expertise to a lively social life. We balance long-term policy and strategy development with reactive demands when we service ministerial meetings or committees. We support flexible working and encourage applications from all backgrounds.
About the Job
- Produce analysis on options for strengthening the UK-EU relationship – working closely with others in HM Treasury’s European Policy Team, as well as Cabinet Office and the Department for Business and Trade, this role will support analytical leadership on a range of trade and wider economic policy areas.
- Place the EU–UK relationship in the broader economic context. You will seek to leverage this key trading and broader economic relationship to aid the government aims including the growth mission, supporting public finances and the industrial strategy.
- Support the team’s programme of international engagement, which may include opportunities to present to international organisations, working with think-tanks and prepare ministers and senior officials for their own engagement.
About You
The successful candidate will have the ability to analyse information and evaluate evidence to provide clear conclusions or support recommendations to senior colleagues, officials or ministers. You will be able to communicate sophisticated and technical concepts to non-experts to help inform and shape policy decisions. You’ll be able to establish effective relationships with, and influence, people who have different roles and perspectives. Lastly you will have skills in working with economic concepts and analytical methods (e.g. data handling/analysis).
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.
Assistant Economist employer: HM TREASURY-1
Contact Detail:
HM TREASURY-1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Economist
✨Tip Number 1
Familiarise yourself with the current economic relationship between the UK and the EU. Understanding key agreements like the Trade and Cooperation Agreement (TCA) will help you engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the field of economics and policy analysis. Attend relevant seminars or webinars to connect with individuals who can provide insights into the role and potentially refer you.
✨Tip Number 3
Prepare to discuss your analytical skills in detail. Be ready to share examples of how you've used data analysis to influence decision-making or policy recommendations in previous roles.
✨Tip Number 4
Showcase your ability to communicate complex concepts clearly. Practice explaining economic ideas in simple terms, as this is crucial for the role when engaging with non-experts.
We think you need these skills to ace Assistant Economist
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and skills required for the Assistant Economist position. Tailor your application to highlight how your experience aligns with these requirements.
Craft a Strong CV: Ensure your CV is up-to-date and clearly outlines your relevant experience, particularly in economic analysis and policy development. Use bullet points for clarity and focus on achievements that demonstrate your analytical skills.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the team. Highlight specific experiences that showcase your ability to analyse information and communicate complex concepts effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for an economist role.
How to prepare for a job interview at HM TREASURY-1
✨Understand the Economic Context
Make sure you have a solid grasp of the current UK-EU economic relationship and its implications. Familiarise yourself with key agreements like the Trade and Cooperation Agreement (TCA) and be prepared to discuss how these impact trade and policy decisions.
✨Showcase Analytical Skills
Be ready to demonstrate your ability to analyse data and evaluate evidence. Prepare examples from your past experiences where you've successfully drawn conclusions or made recommendations based on your analysis.
✨Communicate Clearly
Practice explaining complex economic concepts in simple terms. The interviewers will want to see that you can communicate effectively with non-experts, so think of ways to simplify your explanations without losing the essence of the information.
✨Build Rapport
Establishing effective relationships is key in this role. During the interview, engage with your interviewers, listen actively, and show that you can connect with people from different backgrounds and perspectives.
