This 12-month fixed-term Lead Economic Analyst post sits within macro modelling in the Monetary Analysis and MPC area. The core of the work is maturing a recently built semi-structural macro model and feeding it into the quarterly forecast, scenarios and MPC briefings. The post stands out for its semi-structural focus, end-to-end ownership of analytical projects and informal mentoring, with a 50% minimum office attendance from October 2026. Fit depends on proven semi-structural modelling experience and strong programming, and visa sponsorship is limited.
What the job involves
- Maturing and deploying the semi-structural macroeconomic model for forecasting and scenario analysis
- Designing, estimating and implementing the Bank's macro models, with a focus on semi-structural modelling and some time series, DSGE and model combination work
- Advising on model specification and feeding directly into the forecast and MPC process
- Producing policy notes and technical briefings for key stakeholders
- Leading analytical projects end-to-end, including building new capabilities, using emerging data and answering policy questions in real time
- Coordinating with other policy areas and central bank networks
- Setting and embedding standards for model governance, maintenance, evaluation and documentation
- Promoting best practice in programming, version control and reproducible research
- Informal mentoring and contributing ideas to the wider community
What's required
Experience
- Proven expertise in developing and estimating semi-structural macroeconomic models
- Experience of forecasting or scenario analysis for macroeconomic policymakers, including policy notes and real-time technical briefings
Skills & knowledge
- Influencing senior stakeholders and working effectively across boundaries
- Synthesising complex information for non-technical audiences
- Leading projects or planning programmes of work with minimal oversight
- Strong programming in at least one major language such as Python, R, MATLAB or Julia
- Comfort working with larger datasets
Checks & eligibility
- Passing National Security Vetting and additional Bank security checks
Nice to have
- Experience of using AI tools in model development and deployment
- Experience managing and maintaining models within agreed risk standards, including version control and reproducibility
- Experience working on Databricks or comparable platforms
What's offered
- Non-contributory career average pension at 1/80th of salary, with options to increase or decrease accrual through flexible benefits
- Discretionary performance award
- 8% benefits allowance, taken as salary or spent on flexible benefits
- 26 days' annual leave, with up to 12 additional days buyable through flexible benefits
- Private medical insurance and income protection
- Flexible, part-time and job share working welcomed, with pro-rated pay and benefits
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Contact Details:
The Methodist Church in Britain Recruitment Team
