Fiscal Group The Fiscal group is responsible for ensuring the sustainability of the public finances, over both the medium term and the long term, thereby supporting economic stability and growth. Operationally, it ensures that Government’s financing needs are met, over both the short and medium term.
Fiscal Statistics and Policy (FSP) team The FSP team has overall lead on UK fiscal policy issues and so plays a key role at the centre of HM Treasury’s policy-making. It has the overall lead on the UK’s fiscal framework, analysis on a range of diverse topics including fiscal scenario and projection modelling, the fiscal impact of migration, long-term fiscal sustainability and the role of fiscal policy in the macroeconomic framework. The team is also responsible for the production and assessment of the Public Sector Finances Statistical Bulletin, working jointly with the Office for National Statistics (ONS). As the sponsor team for the Office for Budget Responsibility (OBR), FSP also leads on policy with respect to the OBR.
FSP is a friendly inclusive team at the heart of advising the Chancellor and other Ministers on some of the biggest policy and analytical challenges facing the Government. We are an outstanding collaborative team from a diverse range of analytical and policy backgrounds. Flexible working patterns are encouraged, and personal and professional development is taken seriously.
Do you want an exciting role offering an opportunity to work on economics and analysis in an area of considerable political and public interest, at the heart of HM Treasury’s policy-making?
These posts sit within a team of analysts and policy professionals advising ministers on both current and future fiscal policy. Our work involves combining quantitative and qualitative analytical techniques to inform ongoing policy development and ensuring that decisions are informed by the best available evidence.
To do this we work collaboratively across the department, the government and with a diverse range of external partners from central banks, the UK’s independent fiscal watchdog, academia and research to draw on different perspectives and evidence in order to inform judgements about short and long-run fiscal strategy.
The posts will suit candidates with excellent analytical skills who are looking for a varied and dynamic portfolio of responsibilities. The post holders will need to be quick learners, delivering high quality analysis and building their own, and the team’s capacity and capability.
1. Planning and delivering analytical projects by: identifying high priority HMT workstreams and relevant fiscal policy questions; conducting research using a range of analytical techniques and research methods; and delivering high quality outputs to inform and influence policy advice.
2. Effectively communicate the conclusions of their analysis to a diverse audience of Senior Officials (including the Chief Economist), Ministers, and other partners, influencing the strategic direction of HMT policy.
3. Become an ambassador for the fiscal group and supporting the E (Grade 7) to ensure the relevant team can operate effectively, and influence HMT policy.
4. Shaping the culture of Fiscal Group through contributing to corporate work streams, which seek to make the group an excellent place to work. Responsibilities Required Qualifications:
1. Degree level economics or equivalent experience
Required Behaviours, Experience, and Technical Skills:
1. Delivering at Pace - Ability to analyse data using economic tools and techniques, and apply this knowledge effectively and at pace to advise senior officials and ministers.
2. Communicating and Influencing - Experience of shaping and delivering high quality analytical or research work, including scoping a work programme from high-level steers.
3. Working Together - Excellent people management skills and ability to work collaboratively with others, build effective working relationships and deliver joint objectives
The lead criteria is: Delivering at Pace.
If we receive a large number of applications, applications will be assessed against this criteria alone first. They will then be assessed against the other criteria if they have met the minimum score on the lead criteria.
Closing date: 2nd December 2020 Sift: 3rd December 2020 Interviews: Commencing 11th December 2020
We'll assess you against these behaviours during the selection process:
Delivering at Pace
Communicating and Influencing
Flexible working arrangements:
HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they are able to 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; working from home, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month, providing you work enough hours to meet business need.
We also offer a generous maternity/ paternity and adoption leave package.
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 are able to realise their potential and achieve a healthy work-life balance.
25 days’ annual leave (rising to 30 after 5 years), plus 8 public holidays and the Queen’s birthday (unless you have a legacy arrangement as an existing Civil Servant)
Flexible working patterns (part-time, job-share, condensed hours)
Access to a generous Defined Benefit pension scheme with employer contributions.
Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room
Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving
Access to a retail discounts and cashback site
A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes
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)