Career Returners Programme Monetary Analysis

Job Description

Bank of England Career Returners Programme - Monetary Analysis Location: London Start date: March/April 2021 Programme: 6 month returnship Salary: Competitive package About the Bank of England As a place of work, the Bank feels different from most other organisations. The atmosphere is relaxed but professional, research-driven and also very much connected to real events in the economy. While organisations in the private sector are focused primarily on profits, the ultimate objectives for the Bank are always the quality of thinking and the rigour of analysis. This makes for an unusually satisfying place to develop your career. The issues they deal with on a daily basis are often in the news headlines, and have implications for everyone in the country. For many of their people, this sense of contributing to the public good is one of the most rewarding aspects of working there. The environment is extraordinary too: a historic building located in the heart of the City, which combines rich tradition with up-to-date technology and facilities. Just as importantly, they have a strong culture of support that exists within each of their teams and across the organisation as a whole. About Monetary Analysis at the Bank of England Monetary Analysis (MA) provides the core analytic support that underpins the regular setting of Bank Rate by the Monetary Policy Committee (MPC) to meet the inflation target. We are closely linked to the MPC Unit, which supports the external members of the MPC. Monetary Analysis is fully committed to having a diverse and inclusive working environment. This role can be done as part of a jobshare and/or with flexible working. MA will fully support your participation in the mentoring provided by Women Returners and support your return to the working environment. Due to Covid-19, most staff are currently working remotely. This is being kept under review as the situation evolves. The job You will work in one of the five divisions in Monetary Analysis, focussing on topics related to your divisions area of interest, such as macro-financial conditions, the state of the real and nominal economy or more structural, research-orientated issues. You will take active responsibility for delivering your analytical output, working closely with other analytical staff, both within your division and beyond. You will ensure that our work is impactful and delivered on time and to the highest standards of accuracy and technical quality. This is a senior economist role but we are open to candidates at economist or management level based on the right candidates experience. The area of focus will be identified subject to your skills and interests and the business demand at the time. Subject to progression from the initial six-month placement, there may be opportunities over time to explore other areas of interest. You may have experience in forecasting, modelling, econometrics, finance, government or similar analytical areas. What you can expect

The Career Returners Programme offers a paid placement of six months, starting in September 2019, and the possibility of a permanent role at the end of the assignment.

Roles will be located in the Banks London offices (Threadneedle Street and Moorgate)

You will receive coaching support from Women Returners to help you to transition successfully back in to the workplace.

Flexible working options are available, including part-time working

The Bank is absolutely committed to having an inclusive environment. They are keen to receive applications from all candidates who might be interested in working flexibly, including part-time working. Join them, and together youll get you the training, support and tailored working options you need to potentially build a lasting and impactful career within the Bank. Who the Bank are looking for Essential CriteriaThe Programme is open to people who have had a career break of two or more years. You may have taken time out for childcare or eldercare responsibilities, for relocation or other reasons. Note that if, during your career break, you have done voluntary work, ad-hoc project work or worked on a very limited basis in a capacity unrelated to your profession, you are still eligible to apply. For a role in Monetary Analysis you will need: • An interest in economics and the work of the Monetary Policy Committee. • A postgraduate qualification, such as a Masters, or equivalent work experience. Be Be Proficient at analysing data, identifying trends and assessing the significance of changes. • Ability to produce consistently accurate work. • Capable of producing clear and compelling written analysis, adapting your content and style to the audience. • Comfortable working independently and collaboratively. • Excellent time management and organisational skills, to ensure that shorter-term requests are delivered but also longer-term project deadlines are met. Desirable Criteria• Knowledge of econometric/statistical software (e.g. R, Eviews, Matlab or Stata) would be an advantage, but training can be provided. • Confidence in presenting views to senior policymakers, and adapting style and content to the audience. • Experience of working across boundaries, bringing together views from a diverse set of perspectives to form a coherent narrative. The opportunity The salary will depend on the successful candidates experience, with a range of £45,900 to £72,400. In addition to base salary, the Bank offers an extensive benefits package, including a non-contributory pension scheme, a 7% benefits allowance, private medical and income protection insurance and 25 days annual leave with the option to buy up to 13 additional days.We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed. We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice. If you have any questions please email (please put Career Returners in the subject box). Once applications have been received and reviewed you may be invited to complete a short assessment. Those who are successful