Senior Research Assistant in Structural Economics Division

Monetary Analysis (MA) provides the core analytic support that underpins the setting of Bank Rate each month 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. Structural Economics Division Structural Economics Division (SED) has following mission: To deliver incisive, impactful medium-term analysis and research on the evolving structure of the UK economy both cross-sectionally and over time, giving the MPC and wider Bank a clear picture of key structural changes and their underlying drivers. Through considered, rigorous and policy-relevant staff work - typically produced over a period longer than the six-week cycle between MPC policy meetings - the division provides analysis and insights that influence policymakers across the Bank. That analysis draws on a wide range of approaches, both theoretical and empirical. Our areas of responsibility include: pricing and inflation dynamics, the labour market, the corporate sector including the economy's productive potential, the household sector, trade, and the macroeconomics of climate change. We look to set the agenda on, and foster links between, these areas. We comprise:

• a Leadership Team - a Head of Division, four Senior Managers, a Senior Technical Advisor and a Senior Research Manager
• around 20 economists, many with PhDs
• one to two research assistants, We are recruiting for a Senior Research Assistant with an interest in economics and strong data analysis skills.
You will play a meaningful role in supporting the Bank's policy committees by:
• Playing a key role in analysing and coordinating the Decision Maker Panel survey of firms - a key source of data for the Monetary Policy Committee
• Maintaining a range of other datasets relating to the UK economy e.g. on the labour market, prices, households, companies, trade, productivity etc.
• Providing analytical support to SED teams
There will also be scope for you to broaden the role depending on your preferences and experience. This could include, for example, applying data science tools and techniques to the division's datasets or working on analytical pieces of work to answer policy questions., Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.


• An interest in economics and the work of the Monetary Policy Committee
• Strong IT skills, and experience of working with data (e.g. time series or micro datasets)
• Good analytical and numeracy skills
• Ability to produce consistently accurate work, working independently, sometimes to tight deadlines
• Proactivity in identifying opportunities for further work
• Strong communication skills
• Ability to escalate issues when appropriate
• Good interpersonal skills, including active listening
• Effective workload and time management skills
• Strong attention to detail
Desirable Criteria
• Experience/knowledge of programming (such as R, STATA or Python) and advanced data manipulation techniques.
• In particular, knowledge of Stata and/or R might be helpful, but training can be provided.
• Hold qualifications relevant to the analytical work of the division, particularly A-level maths and/or economics, or other quantitative subjects e.g. STEM subjects.
  
  The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public. We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.

We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate. This role offers a salary of circa: Leeds range: £27,280 - £30,690.London range: £30,320 - £34,110.In addition, we also offer a comprehensive benefits package as detailed below:
• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days' annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.
National Security Vetting Process