Are you looking a high-performing individual looking for a role offering an exciting mix of policy and analytical work? If so, we’d love to hear from you!
About the Team
The Macroeconomic Policy team is 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:
- 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.
- 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.
- 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.
- 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
In this role, you will:
- Build and maintain effective knowledge of monetary policy issues and use this to lead the Treasury’s policy thinking on the UK’s monetary framework.
- Support the relationship between the Treasury and Bank of England, including by leading on briefing for the Permanent Secretary and Chancellor’s discussions with the Governor of the Bank of England.
- Lead on the Monetary Policy Committee remit, advising ministers and updating it annually according to legislation.
- Lead policy and economic analysis and advice on quantitative easing and quantitative tightening.
- Support the Chief Economist in the appointment of external members to the MPC, including working closely with the Permanent Secretary’s office.
- Deliver timely and high-quality input into responses to ministerial correspondence and parliamentary questions relating to monetary policy issues.
- Some of these responsibilities could be adapted as the branch/team changes.
About You
It is important that you have an interest in macroeconomic issues and are enthusiastic. You will have experience of communicating economic issues to a range of audiences; working independently in a fast-paced environment, to successfully progress short-term and long-term priorities at the same time and can use evidence and knowledge to support policy advice.
Some of the Benefits our people love!
- Generous Annual Leave – 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
- Outstanding Pension Scheme – Defined Benefit pension with employer contributions of 28%
- Parental Leave Packages – Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
- Flexible & Hybrid Working – Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
- Advance Schemes & Discounts – Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.
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 at hrrecruitment@hmtreasury.gov.uk.
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