Assistant Economist - Balance Sheet Analysis

Job Description

Assistant Economist - Balance Sheet Analysis £29,320 - £38,000 London £32,320 - £38,000 National - £29,320 - £35,000 Working pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated. Location:This role will be based in London or Darlington, United Kingdom. Most Treasury employees will work a hybrid pattern, spending half their working week in the office and half working remotely. For a full time employee, this means spending 2-3 days a week inan office, on average. Are you interested in playing an important role in a key government Department that offers an exciting opportunity to be part of the decision making that affects the whole of the UK We are seeking a highly motivated individual who isproactive and has a can do attitude to join our Balance Sheet Analysis team as an Assistant Economist. The Balance Sheet Analysis team, is leading the Fiscal Groups work to improve analysis, policy and risk management across trillions of pounds of assetsand liabilities owned by government. We also lead on fiscal policy advice for new balance sheet interventions such as guarantees, loans and equity transactions. This is an innovative area for fiscal policy, but also central to the Treasurys role as a financeand economics ministry and its an exciting time to join the team. We draw on a diverse network, including international institutions, colleagues across Treasury and departments and utilise expertise from the Government Actuarys Department, UK GovernmentInvestments and Cabinet Office.The team recently completed a Balance Sheet Review, publishing a concluding report (available here) at Spending Review 2020. The review identified opportunities to dispose of assets that no longer serve a policy purpose, improvereturns on assets retained and reduce the cost and risk of liabilities. The teams work has been recognised for its innovation internationally. We are regularly invited to participate in IMF, OECD and professional accounting body discussions and our advicehas been sought out by officials in governments around the world!The importance of our work has been underlined by the increasing use of balance sheet interventions to support businesses during the Covid-19 crisis. The pandemic has added new, complex assets,liabilities and risks onto the governments balance sheet. Future balance sheet interventions could play a role in addressing some of the UKs biggest policy challenges and supporting the governments economic priorities, but they also expose government tofiscal risks. Joining the team offers scope to influence how government balances these issues while promoting fiscal sustainability.HM TreasuryThe role is based in London or Darlington. The Darlington Economic Campus is a pioneering new cross-government hubwhich will bring together people across departments and public organisations to play an active role in the most important economic issues of the day. The work of the Campus will make a real difference to people both across the UK and internationally. Therewill be substantial career opportunities and exciting prospects - a career at the Campus means you will be working at the heart of Government, with access to the benefits and fantastic opportunities offered by a civil service. This role is based at HM Treasuryand we will be joined on the campus by: Department for International Trade Department for Business, Energy and Industrial Strategy Office for National Statistics Ministry of Housing, Communities and Local Government Department for Education You can find outmore information about Darlington here - www.enjoydarlington.co.uk HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We know that diversity of thought makes us a strongerorganisation, better at developing policy that is reflective of the communities we serve. We embrace different views and experiences and value the fresh perspective that people from a variety of circumstances bring to the work we do. We welcome applicationsfrom candidates who have not previously worked for the Civil Service, mid- and late-career changers with transferrable skills, people from all backgrounds and circumstances regardless of disability, ethnicity, LGBT+ identity and socio-economic status. Someof the Benefits our people love! 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the Queens birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employeesto take up to an additional 2 days off each month Flexible working patterns (part-time, job-share, condensed hours) Generous maternity, paternity and adoption leave packages Access to a generous Defined Benefit pension scheme with employer contributions. Accessto 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 (e.g. women in the Treasury, ethnic minority network, LGBT*network, faith and belief network) More information about the Treasury can be found here. For more information about the role, salary and benefits and how to apply please follow the "Apply" link. If you would like to speak to the hiring manager informallyprior to the closing date for applications to find out more about the job, please contact Kelly Dobson by an email.If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speakto the recruitment team by an email.Our recruitment process is underpinned by the principle of appointment based on fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners Recruitment Principles. If you feel yourapplication has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email.If you are not satisfied with the response you receive, you can contact the Civil Service Commission,which regulates all Civil Service recruitment.