Job summary
About HM Treasury
If you�re interested in making a difference to people�s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth.��
Our work ranges from protecting customers through the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, to promoting British trade around the world and supporting people across the country on jobs, growth and more.��
We are part of the, a pioneering new cross-government hub which brings people together to play an active role in the most important issues of the day whilst working closer to the communities we serve. The campus provides the opportunity for people from all over the UK to help shape the future of the country, and our flexible working practices ensure you can collaborate effectively with our partners. It�s central government, made more accessible to you!�
Job description
About the Group
The Economics Group leads HM Treasury�s analysis of developments in the UK economy and advises ministers on the implications for the Government�s economic strategy. It provides expert economic analysis and advice for Ministers. The Group�s data hub is transforming how the Treasury uses data across its entire business. The Group collaborates with external experts on the UK economy, including the Bank of England, Office for Budget Responsibility and leading academics. Economics Group provides support for the UK Government�s economic and social research professions, including running centralised recruitment and the annual conferences.
About the Team
The Macroeconomics Coordination and Strategy (MCS) team is a friendly and open team working across the Economics Group and the Treasury more broadly: providing analysis, advice and briefing to Ministers on economic developments, particularly GDP and inflation, the near-term outlook and macroeconomic narrative; leading on the UK�s sovereign credit rating and management of the regular IMF and OECD surveillance of the UK economy; representing the UK in G20 macroeconomic discussions; and leading the Treasury�s relationship with the ONS on economic statistics. The team has spending responsibility for the UK Statistics Authority.�
The team prepares regular updates on the macroeconomy for the Chancellor, presents economic updates to the PM, organises monthly State of the Economy meetings for HMT staff, and leads on the presentation of the government�s economic narrative in external fora.
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In its central coordination and strategy roles, working closely with other teams, MCS provides an interface between the Treasury�s specialist economists, Ministers and senior officials, as well as Parliament and Whitehall. Working in MCS is an excellent opportunity to deliver economic analysis on a wide range of topical issues critical to the work of the Treasury and government.
About the Job
This role is for an Economic Adviser in the Domestic Macroeconomic Coordination branch. The branch is responsible for bringing together the Treasury�s understanding of the current macroeconomic context, to support policymaking. The branch also ensures that key facts on the macroeconomy are communicated across the Treasury and externally in a robust and timely way. We are involved in high profile work, often at the centre of what the department is doing. We work closely with, and bring together the work of, many teams across the Economics Group and elsewhere in the Treasury.�
This role would suit someone who has experience working on the UK economy and talking and presenting to a range of stakeholders including non-experts. The candidate would enjoy working in a cross-cutting team collaborating with many colleagues around the department and beyond, often at the centre of what HM Treasury is working on. While not an analysis focused role, there will be opportunities for analytical projects where core workload allows. Around fiscal events this role will likely result in short periods of out of hours working � this is not the norm, and HMT operates a flexitime system in response to peak periods of work � more detail is provided in the Flexible Working Arrangements section.
Key Accountabilities for this role include:
1. Contribute to the assessment of the UK economy and near-term outlook, bringing together analysis across the group to tell a clear and accessible story. Work closely with our Press Office to ensure this story is articulated to the public.
2. Oversee high-quality economic briefing to be used across HM Treasury for policymaking and communications. Ensure briefing stays relevant in changing economic contexts, and meets the needs of ministers and officials.
3. Regularly present on the economy to a range of stakeholders including Ministers, wider government, and Credit Rating Agencies such as Moodys and S&P.
4. Lead the organisation of a 6-weekly meeting for the Chief Economist and officials across Treasury on the latest on the economy.
5. Help project manage and coordinate the Economics Group�s input for key events including fiscal events (Budgets) � including input for the economy sections of the Chancellor�s speech, document and briefing packs, responding to the OBR�s Economic and Fiscal Outlook.
6. Manage one economic apprentice (also based in Darlington), supporting them to develop their skills and deliver excellent work.
7. Play your part in delivering on corporate priorities across the team, group or Department as a whole. The Treasury, and Economics Group within it, have strong corporate agendas to continue to improve the department as a great place to work.�
As this role is for economists, you may apply for professional membership of the Government Economics Service during your tenure if you meet the relevant criteria:�
8. have a first or upper second-class honours degree in economics (or international equivalent), or a postgraduate degree in economics. If it is a joint degree, at least 50% of the course modules must be in economics.
9. have studied both macroeconomics and microeconomics.
10. be a civil servant or be on Civil Service terms and conditions.
11. be in an economics role at the time of joining or have previously been a member of the GES and have chief economist support for re-joining.�
More details are available at: .GES members have access to events and L&D opportunities, have a professional membership, and can build a career across government as a GES economist.����
Candidate Drop-In Session � Microsoft Teams��
The hiring manager will be running a candidate drop-in session for this role to give you greater insight about the role as well as the chance to learn more about HM Treasury and ask any questions you may have. If you would like to join us, then use the link below to join the call at the right time.�
Friday 20th September at 12:30: �
Person specification
We are looking for the below skills, experience and behaviours and we will ask you to demonstrate these in your application form. Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application form. ��
12. Provide your assessment of the performance of the UK economy in 2024 so far, for an audience that does not have an economics background. (Technical Skill)
13. Ability to manage multiple competing pieces of work, including some with tight deadlines, as well as keeping business as usual work on track (Delivering at Pace)
14. Ability to deliver work that draws together inputs from other colleagues and teams (Working Together)�
The lead criterion is: Provide your assessment of the performance of the UK economy in 2024 so far, for an audience that does not have an economics background. (Technical Skill)�
If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.�
Candidate Guidance Support Session�� Microsoft Teams�
We will be running an overview of Success Profiles and the STAR approach including top tips for the application and interview process and an opportunity to ask general questions around our recruitment practices. Please note that this session is not role specific, so we will be unable to answer specific questions about roles we are advertising. If you would like to join us, please use the link below to join the call at the right time.��
Thursday 19th September at 12:30:
Qualifications
Degree level or higher in economics.
Behaviours
We'll assess you against these behaviours during the selection process:
15. Delivering at Pace
16. Working Together
17. Seeing the Big Picture
We only ask for evidence of these behaviours on your application form:
18. Delivering at Pace
19. Working Together
Technical skills
We'll assess you against these technical skills during the selection process:
20. Provide your assessment of the performance of the UK economy in 2024 so far, for an audience that does not have an economics background.
Benefits
Alongside your salary of �55,760, HM Treasury contributes �16,153 towards you being a member of the Civil Service Defined Benefit Pension scheme.
21. 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) �
22. Flexible working patterns (part-time, job-share, condensed hours) �
23. Generous parental and adoption leave package.�
24. A which provides an attractive pension, benefits for dependants and average employer contributions of 28% �
25. Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room �
26. Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving �
27. Access to a retail discounts and cashback site �
28. A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes �
29. A range of active staff networks, based around interests and diversity
Flexible Working Arrangements
HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they can enjoy a long-lasting career with us. All employees have the right to apply for flexible working and there are a range of options available including; part-time, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees the flexibility to adjust their working patterns throughout the week which is subject to operational needs and line management approval. �
At HM Treasury we have an incredibly broad remit; our work touches every citizen of the country. So, it�s important our employees come from the widest possible range of backgrounds, bringing us the widest possible range of perspectives and ways of thinking. We are committed to ensuring that all staff can realise their potential and achieve a healthy work-life balance.�
HM Treasury operates an office based working approach across all Treasury sites - Darlington, London, and Norwich, and along with the rest of the Civil Service, has an expectation of a minimum of 60% attendance in the office, along with working remotely. This blended working approach allows you to work collaboratively, meet stakeholders face to face, support others and promotes a healthy work life balance (please be aware that this role can only be worked in the UK and not overseas). Some roles will not be suitable for Hybrid Working. Similarly, Hybrid Working will not suit everyone�s circumstances. Arrangements will be discussed and agreed with the successful candidate(s) and subject to regular review. All our offices have been recently modernised and designed to collaborate and connect with colleagues as well as desk and quiet space to allow a range of ways to work.
The office working expectation is linked to the location of the role. If you apply to a post in a single location, then you will not be able to meet this expectation at any of our other sites or move your role to another location.�