Location
City of Westminster, London

Hours
Full Time

Salary
£69,500 per annum

About the Role
Working at HM Treasury puts you at the heart of government, making a difference to the UK economy and ultimately to people’s lives across the UK. The Treasury offers a fast-paced, engaging environment with the opportunity to advise Ministers on decisions that directly influence the UK’s prosperity. We are committed to empowering our people to maximise their impact through interesting work regardless of role or seniority.

As Head of Monetary Policy, you will join an energetic community of analysts and policy advisers, working on a broad range of topics to develop your skills. Your key responsibilities will include advising the Chancellor, Special Advisers, and the Treasury’s Executive Management Board on the UK’s monetary policy framework and developments. You will explore policy options for the Monetary Policy Committee remit, including unconventional monetary policy tools such as Quantitative Easing and Tightening, and their implications for government economic and fiscal objectives.

You will ensure coordination between monetary and fiscal policy, supporting the Chief Economic Advisor in their role as Treasury representative to the MPC and in discussions with the Governor of the Bank of England. Leading analysis on the economic and operational implications of monetary policy decisions and potential future tools will be a core part of your role. Additionally, you will support the appointment process for external MPC members and maintain engagement with Bank of England staff.

This role includes line management responsibilities for one Higher Executive Officer and one Senior Executive Officer, providing leadership, support, and development opportunities.

HM Treasury operates a hybrid working model with an expectation of at least 60% office attendance. The role is UK-based and cannot be performed overseas.

Experience
Proven experience leading teams to deliver high-quality economic advice and analysis, preferably with a strong background in applying economic and/or policy thinking. Demonstrated ability to set clear workplans, prioritise effectively, and deliver long-term projects and tasks to tight deadlines through your team. Ability to think strategically, synthesise complex analysis, and communicate clear conclusions.

About you
Strategic thinker with excellent communication and influencing skills. Able to work at pace and manage competing priorities. Comfortable working in a high-performing, inclusive environment with a commitment to collaboration and team spirit.

Qualifications
Economics qualification to at least undergraduate level, or equivalent. Evidence of this qualification will be required if invited to interview.

Behaviours and Technical Skills
Assessment will focus on:
- Delivering at Pace
- Seeing the Big Picture
- Communicating and Influencing
- Understanding economics and economic policy issues