Research Assistant – International

The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The International Directorate seeks:
to analyse developments in, and risks to the United Kingdom from, the global economy and financial system;
to devise, together with other directorates, appropriate responses to them in support of all the Bank’s policy objectives; and
to ensure that the Bank’s engagement in international forums advances the Bank’s international strategy for achieving these policy objectives.
An exciting opportunity has arisen to join the International Directorate (ID) as a Research Assistant (RA), sitting within the ID RA team. As an RA, you will have the opportunity to work on a variety of international issues, using a wide range of datasets and collaborating with colleagues across the Directorate.

International Division is fully committed to diversity, guided by the Diverse and Talented pillar of the Bank’s Strategic Plan.

Department Overview

The Bank’s International Directorate (ID) is responsible for analysing current and expected economic and financial developments, and the risks around those developments, in each of the main regions and countries of the world. That analysis supports all three of the Bank’s policy committees.

ID’s objective is to form a single, powerful and coherent view of the global economic outlook and risk environment and its implications for the UK. That informs the debates among the MPC, FPC and PRC and also supports the views that seniors present in international fora. We also undertake analysis to shed light on the domestic policy debate from natural experiments abroad.

The ID RA team comprises of a lead research assistant, two RAs, and an industrial placement student. The team works across the Directorate through supporting products and processes in the International Surveillance Division (ISD), Global Analysis Division (GAD) and Policy and Strategy Division (PSD).

Job Description

The position sits within the ID RA team, though the jobholder would be a key part of the range of work carried out across the directorate. The jobholder will participate in the full range of the Directorate’s activities, including:
Becoming an expert in ID’s range of global macroeconomic and financial datasets.
Supporting regular ID products and processes, including pre-MPC, pre-FPC, the international forecast for the MPR, preparation for international meetings, the risks monitor, and global data responses.
Working closely with the ID RA team to respond to data requests, both from within ID as well as stakeholders around the Bank.
Supporting analytical projects, including ID’s priorities, and working closely with analysts within ID on projects.

Role Requirements

Essential Criteria
Good Excel skills and experience of working with large datasets
Good analytical skills and ability to take away key messages from data
A keen interest in the global macroeconomic and financial environment
Ability to manage workload and prioritise effectively
Ability to identify problems in processes and suggest possible solutions/improvements
Strong teamwork and communication skills to work across the team and the directorate

Desirable Criteria
Experience in using DataStream and FAME
Experience in using R

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which

are summarised here. This is something we strongly endorse and encourage in the International Directorate, where our local business area Diversity, Wellbeing & Inclusion Group is actively working to promote an inclusive environment where everyone is supported to thrive.

We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.

Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this. We are a member of the Disability Confident scheme, summarised here, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.

This specific role offers a base salary of £24,225 per annum, along with our comprehensive benefits package as follows:
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.
A discretionary performance award based on a current award pool.
A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
25 days annual leave with option to buy up to 13 additional days through flexible benefits.
Private medical insurance and income protection.

The closing date for applications is 19 July 2022.

Please apply online, ensuring that you answer the application questions, complete the work history and submit your CV.

Primary Location

UK-ENG-London

Job

Research

Organisation

234000 – GLOBAL ANALYSIS DIVISION

Job Posting

05-Jul-2022, 6:39:21 AM