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- Tasks: Lead macroeconomic modelling on high-profile policy issues and collaborate with teams for impactful analysis.
- Company: Join HM Treasury's Economic Risks & Analytical Projects Unit, shaping economic policy and strategy.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme, plus active staff networks.
- Why this job: Make a real impact on economic policy while developing your analytical skills in a collaborative environment.
- Qualifications: An economics degree or equivalent analytical qualification is essential; postgraduate level preferred.
- Other info: This is an entry-level, full-time role with opportunities for growth and development.
The predicted salary is between 28800 - 48000 ÂŁ per year.
Economic Adviser: Macroeconomic Modelling
Economic Adviser: Macroeconomic Modelling
4 days ago Be among the first 25 applicants
This range is provided by jobs24.co.uk. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Do you have experience in economics or analytics and are looking for a unique opportunity to influence exciting policy issues whilst developing your skills working with macroeconomic models? If so, we could have the perfect job for you !
About The Team
Economic Risks (ER) & Analytical Projects Unit (APU) is a team with a varied remit that works flexibly and collaboratively with teams across HM Treasury and in other Departments to improve risk management. We use modelling and analytical capabilities to influence policy and strategy in responding to a wider range of risks to the economy. We play a central role in assessing the macroeconomic impact of international risks, particularly geopolitical and climate. Beyond this, the team also cover a wider set of risks such as, for example, cyber risk, energy outages, critical infrastructure, etc. The team is co-secretariat for the Economic Risks Group and Climate Analytical Sub-Board.
The APU provides analytical expertise and support to critical projects across HMT. Members of the team are deployed on projects covering a range of public policy issues – both influencing HMT’s macroeconomic policy within Economics Group and building the evidence base for policymaking across other areas.
About The Job
In this role, you will:
- Lead the application of the team’s suite of macroeconomic models across a range of high-profile policy issues. Initially this will focus on Computable General Equilibrium (CGE) models, but there is the potential to work across a wide range of models. Previous policy applications have included changes to the tax system, quantifying the impact of net-zero and climate change, and major trade policies.
- Maintain and develop the team’s models and building capability in other teams. This will require: collaborating closely with data providers to check quality and consistency; updating models to incorporate the latest data and developments in relevant academic and policy literature; working with other teams to expand the use of macroeconomic models; and developing new models to further enhance the team’s analytical toolkit.
- Provide additional analytical support for the priorities of the Economics Group. This is likely to include one-off pieces of economic analysis or model-building, working with policy colleagues across the department to deliver on departmental and ministerial objectives.
- Identify and build strong collaborative partnerships. Partner with a range of organisations to uncover and share valuable analysis that aligns with the department\’s strategic direction. Build effective relationships with policy teams to ensure analysis is well targeted and timely. Represent HM Treasury with key external organisations including other government departments, the Bank of England, the Office for National Statistics, the Office for Budget Responsibility and academics.
About You
You will have an economics degree (or equivalent analytical qualification), preferably at postgraduate level. You will be able to communicate technical issues in a way that is accessible and impactful and be able to build effective relationships and collaboratively work through differences of view to deliver together.
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.
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Economic Adviser: Macroeconomic Modelling employer: jobs24.co.uk
Contact Detail:
jobs24.co.uk Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Economic Adviser: Macroeconomic Modelling
✨Tip Number 1
Familiarise yourself with Computable General Equilibrium (CGE) models, as this role will focus on them. Understanding how these models work and their applications in policy-making will give you a significant edge during discussions.
✨Tip Number 2
Network with professionals in the economics field, especially those who have experience working with HM Treasury or similar organisations. Building relationships can provide insights into the team dynamics and expectations.
✨Tip Number 3
Stay updated on current macroeconomic issues, particularly those related to climate change and international risks. Being able to discuss recent developments will demonstrate your engagement and knowledge during interviews.
✨Tip Number 4
Prepare to showcase your analytical skills through practical examples. Be ready to discuss past projects where you've applied economic analysis or modelling, as this will highlight your capability to contribute effectively to the team.
We think you need these skills to ace Economic Adviser: Macroeconomic Modelling
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in economics and analytics. Focus on any work you've done with macroeconomic models, as this is crucial for the role.
Craft a Strong Cover Letter: In your cover letter, explain why you're passionate about macroeconomic modelling and how your skills align with the team's objectives. Mention specific projects or experiences that demonstrate your analytical capabilities.
Showcase Communication Skills: Since the role requires communicating technical issues effectively, include examples in your application where you've successfully conveyed complex information to non-experts.
Highlight Collaborative Experience: Emphasise any previous experience working in teams or partnerships. The job involves building strong collaborative relationships, so showcasing your teamwork skills will be beneficial.
How to prepare for a job interview at jobs24.co.uk
✨Understand Macroeconomic Models
Make sure you have a solid grasp of macroeconomic models, especially Computable General Equilibrium (CGE) models. Be prepared to discuss how these models can influence policy decisions and provide examples from your past experiences.
✨Communicate Clearly
Since the role requires explaining complex economic concepts, practice articulating technical issues in a straightforward manner. Use examples to demonstrate your ability to make intricate ideas accessible to non-experts.
✨Show Collaborative Spirit
Highlight your experience in building partnerships and working collaboratively with different teams. Be ready to share specific instances where you successfully navigated differing viewpoints to achieve a common goal.
✨Stay Updated on Current Issues
Familiarise yourself with current economic risks and policy issues, particularly those related to climate change and international trade. Being knowledgeable about recent developments will show your genuine interest in the field and the role.
