Head of Monetary Policy
£59.69k - £66.5k per annumFull-time
Head of Monetary Policy
- Salary: National: £59,690 - £66,500 (If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.)
- Contract Type: Permanent
- Working Pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.
- Location: Darlington (Feethams House)
- Strategy and Framework – Leads analysis and advice on the Government's macroeconomic strategy and coordinates cross-HMT macroeconomic discussions.
- Monetary Policy – Advises on the monetary policy framework, supports engagement with the Bank of England, and provides analysis ahead of Monetary Policy Committee meetings and key ministerial engagements.
- Projects – Delivers short-term analytical and strategic projects on priority macroeconomic issues.
- Research – Leads deeper analytical work on fiscal and monetary policy issues and builds the team's external research and academic engagement.
- Advising the Chancellor, Special Advisers and the Treasury’s Executive Management Board (EMB) on the evolution of the UK’s monetary policy framework, exploring policy options for the remit of the Monetary Policy Committee (MPC) to support the delivery of the government’s economic objectives, and the implications of trends.
- Advising the Chancellor and EMB on UK monetary policy developments, including changes in the stance of monetary policy and the consequences for the government’s economic and fiscal objectives.
- Ensuring the coordination of monetary and fiscal policy by supporting the Chief Economic Advisor in their role as Treasury representative to the MPC and the Chancellor’s discussions with the Governor of the Bank of England.
- Leading the branch’s analysis on the economic and operational implications of monetary policy decisions, and potential future monetary policy tools.
- Supporting the Treasury’s Chief Economic Advisor in appointing external members to the MPC. This involves designing and running a fair, open and competitive recruitment process.
- Developing and maintaining engagement with the Bank of England staff.
- Leading and developing a small team, providing clear direction, support and opportunities for growth.
- 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). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month
- Flexible working patterns (part-time, job-share, condensed hours)
- Generous parental and adoption leave packages
- Access to a generous Defined Benefit pension scheme with employer contributions of 28%
- Access to 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
Vacancy posted 2 days ago
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