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- Tasks: Support macroeconomic analysis and guide HM Treasury's strategy for impactful policies.
- Company: Join HM Treasury, shaping economic policy for the UK with a dynamic team of experts.
- Benefits: Enjoy 25 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Make a real difference in tackling issues like cost of living and climate change while developing your skills.
- Qualifications: Degree in economics required; no prior civil service experience needed.
- Other info: Engage in diverse projects and build relationships across teams and external bodies.
The predicted salary is between 28800 - 43200 £ per year.
Job Description
Are you analytically minded with the right skillset and motivation to apply your skills and economic insight to complex issues ranging from the cost of living to climate change ? If so, we’d love to hear from you !
About the Team
The Macroeconomic Policy Team has 15 staff, responsible for developing HM Treasury’s thinking and advice for the Chancellor on macroeconomic policy! This includes short-term fiscal policy and monetary policy strategy. The team consists of four branches:
1) Strategy and Framework – We provide advice, analysis and briefing on the macroeconomic strategy. We also work with office of the Chief Economic Advisor to coordinate the weekly macroeconomic strategy meetings, arranging presenters and providing readouts.
2) Monetary Policy – We advise on the monetary policy framework and support Chief Economist in her role as the Treasury representative at the Bank of England’s Monetary Policy Committee (MPC) meetings. The branch produces monetary policy analysis ahead of MPC meetings, speeches and select committee hearings. We also own the appointment process for external members to the MPC.
3) Projects – We solve a variety of pressing macroeconomic questions in short-term projects commissioned by seniors within HMT that typically span over a month or two. These projects can be either analytical or strategic.
4) Research – We look more deeply into analytical issues on fiscal and monetary policy including the fiscal stance and automatic stabilisers. We develop a research agenda across the team and build links with other teams, academics and external organisations on policy issues.
About the Job
As head of projects branch, you will support macroeconomic policy analysis for HMT. Our team’s work involves developing analysis to guide HM Treasury’s macroeconomic strategy and the policies ultimately used in the Budget!
Role responsibilities will include:
· Supporting HM Treasury’s programme of macroeconomic analysis. This will require excellent analytical skills paired with the initiative and curiosity to undertake research into new areas to develop genuine expertise. A good understanding of public finance statistics is helpful but not crucial, provided you have a curiosity about developing your knowledge.
· Effective communication skills in both oral and written work. You will present your work regularly so you will need to boil down your understanding of macroeconomics and econometrics into simple and easily understandable terms for different audiences.
· Developing and maintaining effective relationships with colleagues in HMT and external bodies. Your ability as a great teammate and your enjoyment for meeting new people will help you to draw on their skills and knowledge.
· Developing, managing and prioritising a large portfolio of work consisting of a range of urgent short-term projects and long-term research. This will draw on your strengths as a leader, managing one assistant economist whose work and pastoral care you will oversee as well as effective upward management of senior staff.
· Working on a mix of projects depending on your development needs, interests and wider HMT priorities. A willingness to learn and develop knowledge of specialist topics, drawing on the understanding of colleagues you work with will be key.
About You
You don’t need to be an existing civil servant or have an in-depth knowledge of the public finances to do well as an analyst in HM Treasury. We want a candidate who holds degree level or higher in economics and who is up for a challenge and willing to learn and upskill on the job.
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
Macroeconomic Policy Adviser employer: HM TREASURY
Contact Detail:
HM TREASURY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Macroeconomic Policy Adviser
✨Tip Number 1
Familiarise yourself with current macroeconomic issues and policies. Stay updated on recent developments in fiscal and monetary policy, as well as the latest reports from HM Treasury. This knowledge will help you engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the field of macroeconomics. Attend relevant seminars, webinars, or conferences where you can meet people working in HM Treasury or similar organisations. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to demonstrate your analytical skills through practical examples. Be ready to discuss specific projects or research you've undertaken that showcase your ability to analyse complex economic data and communicate findings effectively.
✨Tip Number 4
Showcase your teamwork and leadership abilities. Think of instances where you've successfully collaborated with others or led a project. Highlighting these experiences will align with the role's emphasis on developing relationships and managing a portfolio of work.
We think you need these skills to ace Macroeconomic Policy Adviser
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Macroeconomic Policy Adviser position. Understand the key responsibilities and required skills, such as analytical abilities and effective communication.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your analytical skills, any experience in macroeconomic analysis, and your ability to communicate complex ideas clearly.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for macroeconomic policy and your motivation to work at HM Treasury. Use specific examples from your past experiences to demonstrate how you meet the role's requirements.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that your writing is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at HM TREASURY
✨Showcase Your Analytical Skills
As a Macroeconomic Policy Adviser, analytical skills are crucial. Be prepared to discuss specific examples of how you've applied your analytical abilities to solve complex problems, particularly in areas like fiscal policy or economic research.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex economic concepts in simple terms. You might be asked to present your ideas, so ensure you can articulate your thoughts clearly and confidently.
✨Demonstrate Curiosity and Initiative
The job requires a willingness to learn and explore new areas. Share instances where you've taken the initiative to deepen your knowledge or tackle unfamiliar topics, showing your enthusiasm for continuous learning.
✨Build Relationships
Highlight your ability to work collaboratively with colleagues and external bodies. Discuss experiences where you've successfully built relationships and how those connections have enhanced your work or projects.
