At a Glance
- Tasks: Analyse economic risks and develop innovative policy responses to support the UK economy.
- Company: Join HM Treasury, a key player in shaping economic policy for the UK.
- Benefits: Enjoy flexible working hours, generous leave, and a strong pension scheme.
- Other info: Collaborative team environment with opportunities for personal and professional growth.
- Why this job: Make a real impact on the UK economy while developing your analytical skills.
- Qualifications: Degree in economics required; all backgrounds in economics welcome.
The predicted salary is between 59690 - 66500 £ per year.
We are looking for economists who enjoy working on varied questions, have a proactive, creative approach to problem solving in unfamiliar areas, and can develop quick and effective economic assessment.
About the Team
The Economic Risks team plays a central role in assessment and analysis of economic risks and the policy response of government. The team is a collaborative team, which works with colleagues across HM Treasury, other departments, and external organisations to understand how risks are developing and what they could mean for policy. Economic risks include the range of potential acute emergencies and hazards as well as longer term chronic threats facing the country that could have macroeconomic implications. The team conducts horizon-scanning for emerging and developing risks and maintains strong links across government departments with responsibility for assessment in different areas. The team is responsible for quarterly reporting on developments in economic risks, their likelihood and impact, and policy mitigation in response, through HM Treasury’s internal Economic Risks Board (ERG) and through reporting to the Executive Management Board (EMB). The team works on a broad range of issues.
About the Job
This Grade 7 Economic Advisor role involves understanding and responding to risks that could affect the UK economy. The roles sit in the Economic Risks team, part of the Macroeconomic Conditions and Risks team in HM Treasury’s Economics Group. The team is responsible for assessment of risks to the UK economy—including acute shocks, and longer-term structural challenges—through horizon scanning, economic analysis, and supporting policy development. The roles require bringing together evidence and analysis to support senior officials and ministers in understanding potential risks and policy choices. This work is extremely varied, and these roles can be suitable for economists with a range of skills. There is scope to shape the roles in line with the applicant’s experience and interests. There will be a large amount of support for development in the role.
The key responsibilities of the post-holder will be:
- Monitoring and assessment of emerging economic risks and what they could mean for the UK economy.
- Assessing the possible impact and likelihood of risks, using evidence, judgement, and qualitative and quantitative analytical frameworks.
- Develop quantitative analysis, scenarios, or tools to support risk assessment and policy advice.
- Contribute to development of HM Treasury’s policy thinking on how government can best prepare for, manage, or respond to economic risks.
- Working with colleagues across HM Treasury, other government departments, external organisations and academic partners in building a shared understanding of economic risks.
- Maintaining and developing relationships with a broad range of internal and external stakeholders, building consensus through positive and friendly communication and collaboration.
- Produce clear briefing and advice for senior officials and ministers.
About You
The team uses a range of analytical tools, including code-based working and cloud-based analysis. We welcome applications from people who already have technical analytical skills, and from people who would like to develop these skills further. Some candidates may bring specialist modelling experience, for example in macroeconomics, trade, epidemiology or other areas relevant to major risks. Others may bring broader economic, analytical or policy experience. The roles could work well for economists with more generalist or policy experience. Each type of background and experience, or a combination, would be valuable in these roles.
Qualifications Required
A degree 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.
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%.
- 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.
Economic Adviser in Darlington employer: HM TREASURY
HM Treasury is an exceptional employer, offering a dynamic work environment in Darlington where policy advisers can thrive. With a strong emphasis on personal development, flexible working arrangements, and generous benefits including a defined benefit pension scheme and extensive leave options, employees are encouraged to engage in meaningful projects that enhance their expertise and contribute to the UK's financial market innovation.
