Assistant Economist

  • Location

    Central London

  • Sector:

    Accountancy, Financial Services

  • Salary:

    £32 000 -£38 000 per annum

  • Published:

    7 months ago

  • Expiry date:


  • Client:


The Balance Sheet team are looking to recruit an Assistant Economist to join the team and help us take forward our work on improving analysis, policy development and risk management as it relates to the public sector balance sheets and interventions including equity transactions, loans and guarantees. We have strong working relationships with a range of partners, such as UK Government Investments and Cabinet office, and we collaborate and share expertise to ensure our priorities are delivered.

Our work covers a key area of public financial management reform and the UK is recognised internationally for leading innovation in this area. This has resulted in the team regularly participating in IMF, OECD and professional accounting body discussions and our advice is sought out by officials in governments around the world.

This is an exciting role covering economic and credit risk analysis, policy development and senior reporting officers’ management including exposure from seniors, ideal for a results-oriented candidate who wants to cover multiple work areas and develop different skillsets. This role will be a good fit for a candidate who enjoys working on new and innovative concepts. The person in post will collaborate with a wide range of policy teams in HMT and departments across government on diverse policy issues. The role will also include a lot of scope to lead innovative policy thinking and reform. There is scope to amend the role depending on the person objectives.

Accountabilities will include:

  • Responsibility for the Government stress-test model for contingent liabilities.
  • Leading Secretariat for the Balance transactions steering group.
  • Advising Ministers and other departments on Government wide asset management and investment strategy.
  • Leading on engagement with Office for Budget Responsibility (OBR) and HM Treasury teams on contingent liabilities.

Please note: a BSc degree in economics or equivalent is required for this role.

The importance of our work has been underlined by the increased used of balance sheet interventions to support businesses during the Covid-19 crisis. Balance sheet interventions could play a valuable role in addressing some of the UK’s biggest policy challenges and support the delivery of the government’s economic priorities, but they also expose government to fiscal risks. Joining the team offers scope to influence how government addresses these challenges and opportunities while promoting fiscal sustainability.


  • 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. Find out more about Civil Service pensions
  • 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)

Complaints Procedure

Our recruitment process is underpinned by the principle of recruitment based on fair and open competition with decisions made on the basis of merit, as outlined in the Civil Service Commissioners’ Recruitment Principles. If you feel your application 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.