job descriptions.docx  · web viewproject work is likely to involve undertaking data analysis...

52
GES Summer vacation student placement scheme 2019 Job descriptions Candidate Information Pack | 1

Upload: buikhue

Post on 19-Mar-2019

213 views

Category:

Documents


0 download

TRANSCRIPT

GES Summer vacation student placement

scheme 2019

Job descriptions

Cabinet Office (CO)Candidate Information Pack | 1

Cabinet Office

The Cabinet Office is a ministerial department at the centre of Government, coordinating policy and strategy across the Civil Service. We support the Prime Minister and ensure the effective running of government. The Department has four core priorities:

1. Support the Prime Minister and Cabinet to define and deliver the government's programme

2. Drive efficiencies and reforms that will make government work better

3. Create a more united democracy

4. Strengthen and secure the United Kingdom at home and abroad

Government Digital Service

GDS is the world's leading public sector digital transformation service. We work in innovative public service areas to drive improvements and efficiencies, providing services such as GOV.UK and Verify, an identity assurance system used across online government services. The summer vacation scheme at GDS involves projects which would be tailored to fit business needs and interests personal to the candidate.

Constitution Group Analysis

Working for the Constitution Group will give you a wide range of experience across constitutional priorities such as elections, electoral registration, Parliament, and devolution. The economic work you can expect is likely to include drafting impact assessments, performing cost-benefit analysis, producing and/or quality assuring financial modelling and preparing economic briefings on topical issues. We also work alongside social researchers and operational researchers so there might also be opportunity for cross-discipline projects.

Geospatial Commission

The Geospatial Commission’s analysis team plays a vital role in working towards our ambition of unlocking value in the geospatial sector, society, and the wider economy. The analysis team is responsible for developing a credible evidence base and economic framework for capturing and maximising the value of geospatial data. As an economist placement student, you will work on a specific project to enhance our evidence base, in addition to supporting policy development and delivery.

Analysis and Insight

Analysis and Insight is the Cabinet Office's core analytical hub, responsible for ensuring that policy development and delivery within the Cabinet Office is evidence-based, provides value for money and is monitored and evaluated to ensure the effective running of Government. Our team, headed up by the Chief Economist, provides economic support to policy areas across the Cabinet Office. As a placement student you will have the opportunity to work on a project on international indicators of government effectiveness, as well as supporting the team's role in the assurance of business cases for new investments.

Department for Education

Candidate Information Pack | 2

DEPARTMENT: Department for Education (DFE) LOCATION: Sheffield/Coventry/Manchester/Bristol/London

ABOUT US

The Department for Education is responsible for early years, schools, children’s services, higher and further education policy, apprenticeships and wider skills in England. We are also home to the Government Equalities Office, which leads on gender and LGBT equality analysis and policy. We work to achieve a highly educated and productive society in which opportunities are available to all, irrespective of background or family circumstances.

JOB DESCRIPTION

DfE economists are found right across the Department working collaboratively to build the evidence base to support policy development and delivery. We offer our skills in appraisal and evaluation, analysis of data and modelling and application of critical thinking to help ensure that the Department makes evidence-based decisions. There is no such thing as a typical day for our economists but a summer placement with us, while focusing on different aspects of DfE policy, is likely to include some of the following examples of work:

Supporting in secondary analysis of DfE data, such as the second Longitudinal Study of Young People in England (LSYPE2), or the Longitudinal Education Outcomes study. These are large and powerful datasets which can help to answer policy questions right across the Department.

Scoping and producing evidence-based briefings, synthesising and summarising domestic and international evidence on key policy areas covering a wide range of topics to aid policy decision-making.

Supporting work to undertake cost benefit analysis and assess the value for money of Departmental activity and potential policy plans

Department for Environment, Food and Rural Affairs

Candidate Information Pack | 3

Job title: Summer vacation placements

Grade: Administrative Officer

Number of posts: 3

Candidate Information Pack | 4

Welcome

John CurnowJohn Curnow is the Chief Economist at the Department for

Environment, Food and Rural Affairs. John’s previous roles include economist positions at Monitor (part of NHS Improvement) and HM Treasury.

Thank you for your interest in these roles.

In Defra, we deal with a vast range of issues that profoundly

impact on people’s lives. We are responsible for England’s

environment, our countryside and rural economy, the food

and farming sectors (which together make up around 7% of

the UK economy) and have lead responsibility for protection

from a wide range of natural threats and hazards.

This is a particularly exciting time to join Defra, not least as

an economist.  We are one of the lead Departments in

delivering a successful exit from the EU. Leaving the EU will

fundamentally change the work we do and how we deliver

it. You will have the opportunity to contribute towards and

influence the development of new approaches and policies

on a wide range of issues affecting millions of people in the

UK.

As a trainee economist, you will play an active role in

shaping and delivering Defra’s priorities, working creatively

and collaboratively with others to deliver excellent

outcomes. You will join a vibrant professional community,

delivering high-quality, impactful analysis. These roles will

provide significant opportunities to develop your own skills

and future career.

Best wishes

John Curnow

Candidate Information Pack | 5

Background to Defra, the Department for Environment, Food and Rural Affairs

Our vision is to create a great place for living for people in this country. We have four impact

objectives which explain our ambitious long- term strategic aims, and the positive differences

we will make to the UK:

To pass on to the next generation a natural environment protected and enhanced for the

future

To lead the world in food, farming and fisheries with a sustainable model of food production

To deliver a safe and ambition departure from the EU, setting global standards in protecting

and harnessing value from the natural environment

To be an outstanding organisation focused on making a difference with world class delivery

capacity

Underpinning these is our delivery objective, which describes the high level of service and value

for money we will strive for, and two organisational objectives, which explain how we will

organise ourselves to deliver:

Excellent delivery, to time and budget and with outstanding value for money;

An organisation continually striving to be the best, focussed on outcomes and constantly

challenging itself;

An inclusive, professional workforce where leaders recognise the contribution of people and

build capacity to deliver better business outcomes.

We offer an inclusive culture which embraces and supports our colleagues to achieve and sustain

increased levels of employee wellbeing, engagement and productivity.

Defra has a large and wide-ranging remit, made even more interesting by the added requirements

of EU Exit. Over the next few years, we will be taking on the once in a lifetime challenge of meeting

the hugely complex challenge presented by EU Exit. With over a thousand pieces of EU and

national legislation identified as Defra-owned and underpinning 80% of our work, we have an

unparalleled opportunity to devise policies that best meet the future needs of the UK.

Useful informationDepartment for Environment, Food & Rural Affairs – websitehttps://www.gov.uk/government/organisations/department-for-environment-food-rural-affairs

Candidate Information Pack | 6

The work you will be doing

You will work with economists and wider analysts in developing the evidence base to inform Defra

policy, drawing from a wide range of expertise and providing robust analytical advice.

Responsibilities will vary according to post, but could include:

Conducting and reporting analysis, to ensure policy options are underpinned by careful

synthesis of available evidence and forward-looking analysis;

Communicating with and advising policy colleagues on what the latest evidence and

analysis tells you;

Managing stakeholder engagement, analysing and reporting on outputs;

Addressing policy needs through development, testing and application of advanced Excel

models.

Defra is looking for summer placement students to work across a range of areas, including the

following:

• An exciting opportunity to work for the Floods & Water Directorate, in the Analysis &

Evidence team. In this largely policy facing role, you will be supporting the Water Services

team on the oversight of economic regulation of the private water market. This is a fast

paced, high profile topic, where the sector has come under recent criticism in terms of its

legitimacy, with recent calls for it to be brought back into public ownership. Tasks can

include modelling water bill impacts of specific policy proposals interpreting company’s

financial metrics, and providing Ministers with advice on any developments in the sector.

• Office of the Chief Economist The central economist team led by the Chief Economist,

responsible for ensuring high quality economic advice and analysis across Defra. The

Office also updates ministers on significant economic developments and leads the

economist profession across the department.

• Environmental Quality develops policies and approaches around activities that can impact

on environmental outcomes, including measures to improve air quality, regulations on use

of chemicals and pesticides and policies on waste management, many of which will be

affected by EU exit.

Candidate Information Pack | 7

The Economics Profession in Defra At Defra you will join a cohesive group of economists working to deliver high quality, impactful

economics to achieve great outcomes. To deliver our vision we are working together as a

professional group fostering a strong collective identity to ensure we are impactful, skillful, vibrant as a community, and connected to the outside world. You will join a culture where

continuous learning is encouraged and colleagues are happy to share their expertise. You’ll have

the opportunity to work alongside colleagues from alternative professions such as policy, science,

statistics, operational research and social research, in a rich learning and policy-making

environment. We will also offer you the chance to develop economic and policy competences

through in-work training and other opportunities, including to attend economic seminars.

Our office locations

The majority of posts will be based in London, York or Bristol.

Benefits of working for Defra

Equality Diversity and Inclusion.

Defra values and supports all its employees.

For example, we have strong and pro-active staff networks,

special leave policies for hospital appointments, reasonable

adjustments put in place for those who need them, and diversity

talent programmes to help everyone irrespective of background, to

achieve their potential.

Generous Annual Leave and Bank Holiday Allowance.

Annual Leave Defra offers 25 days annual leave (pro-rata) for full

time new entrants. Bank Holiday Employees receive 8 public

holidays a year, plus an additional day in May to mark the Queen’s

Birthday.

Learning and Development. Everyone in Defra is

supported to develop

their skills and

capabilities.

Induction All new employees joining (and returning) to Defra will

have an induction to the department, our work and policies.

Mentoring and Coaching. Mentoring is an effective means of

developing your career, boosting your confidence and empowering

both the mentor and mentee. All our employees have the

Candidate Information Pack | 8

opportunity to voluntarily engage and work confidentially with a

Mentor or a Coach.

Volunteering. Defra employees are entitled to 3 days (pro-rata)

special leave with pay, per year, for volunteering.

Reservists We fully support reservists and offer 15 days special

leave with pay for training

Salary Sacrifice. Childcare vouchers You can purchase childcare vouchers

through salary sacrifice, up to the value of £243 per month,

allowing for significant tax and national insurance savings on

childcare costs.

Bicycle Loan Schemes Defra offers interest-free loans towards

the cost of a bike; and a Cycle to Work Scheme. Defra loans you a

bike for your commute as a tax-free benefit. At the end of the loan

period, you have the option to buy the bike, saving 30% of the

original cost

Season Ticket Loan We offer interest-free season ticket loans, to

all Defra employees with more than three months’ service, for

purchasing train and bus season tickets, as well as car parking

Employee Discounts. Defra employees have access to our discount scheme, offering

savings at hundreds of top retailers.

Give as You Earn. Defra is registered with the Give as You Earn scheme, which

enables you to make regular deductions directly from your salary,

in support of a chosen charity. This is simple and tax efficient.

Staff Wellbeing.

We have various

measures in place to

assist with the physical

and emotional health

of our staff.

Flexible working to allow for variations in your hours from day to

day, suiting your needs, and where this is compatible with

business needs. There is further scope to work from home,

compressed hours and more.

Break the Stigma is an employee-led network in Defra which

offers support, information and raises awareness of mental health

issues.

Employee Assistance Programme is a free and confidential 24/7

telephone advice service available to our staff.

Our Occupational Health Service (OHS) provides a range of

Candidate Information Pack | 9

support services, to optimise your attendance, engagement and

performance at work.

Our Sports and Social Association promotes sports and social

activities and organises our annual sports day and staff lottery.

Our offices offer onsite facilities, including fitness centres and

staff canteens.

Candidate Information Pack | 10

Department for International Development (DFID)

The number and location of vacancies;

1 vacancy, location: either London or East Kilbride (Depends on Brexit surge requests, if line manager in London surged, student could be based in East Kilbride)

A job description for each vacancy or a generic one to cover all vacancies;

Job Description: Summer Student in the Growth Research Team (GRT)

The vacancy is for a Summer Student Economist to work in the Research and Evidence Division (RED) in the Department for International Development (DFID). RED is responsible for enabling DFID to become more systematic in using evidence as a basis for its work, and for providing high quality relevant evidence to others. It does this by commissioning research on key questions in development, conducting robust evaluations, providing high quality statistics, and engaging actively with policy makers and country offices.

The Growth Research Team (GRT) is responsible for commissioning, managing and communicating policy-relevant research on economic growth in low income countries (LICs). DFID is one of the few major donors funding economic growth research specifically focused on LICs. GRT covers a broad range of thematic areas including: transport, energy, private sector development, labour markets and skills, institutions and growth, gender equality and female economic empowerment, agricultural productivity, structural transformation, urbanization, macroeconomics, and capacity building of southern researchers/policy makers.

GRT’s future budget (subject to wider DFID decisions) is forecast to be £35-£40m per annum, a substantial budget for social science, giving us a real opportunity to increase global understanding of what causes growth in LICs, and how it can be accelerated. Research on economic growth was prioritized for funding in the Research Review (2016) as part of DFID’s wider objectives related to economic development and inclusive growth, e.g. focusing on sectors that can unlock growth, such as transport infrastructure, as set out in the Economic Development Strategy (2017).

As with the rest of RED, GRT places strong emphasis on close collaboration with policy teams, Economic Development Directorate, Private Sector Department, and DFID country offices. Networking and influencing skills are therefore highly valued, along with analytical skills.

GRT is multidisciplinary and includes advisory staff with core expertise in economics, infrastructure and social development. Some of our current research programmes include Economic Development and Institutions, Growth and Labour Markets, Private Enterprise Development in LICs amongst others. The team reports to the Deputy Director of RED, whilst also working closely with the Chief

Candidate Information Pack | 11

Economist’s office. The team is split between London and East Kilbride and is committed to ensuring effective cross-location working.

As a Summer Student in GRT your role will be to complete tasks such as the following:

Complete literature reviews of topics relevant to the GRT research portfolio (for example inclusive and low-carbon growth), communicate the findings to the team and other policy teams within DFID

Review and feedback on economics papers funded by GRT Support with research programme management tasks Support with thinking through future research portfolio ideas for GRT Support on producing communication tools to share with relevant DFID policy teams

The salary payable; £24,283 p/a

Candidate Information Pack | 12

Department of Health and Social Care (DHSC )

Location: London and Leeds

Salary: National £18,507, London £22,217 per annum

Posts available: 3

Job summary

Overview area of work and post

The role is based in the Department of Health, working with an experienced government economist on issues relevant to developing and current government policy.

Summer students will have the opportunity to gain experience working alongside a professional government economist to understand how academic knowledge of economics is applied in the public sector.

The team works on several topics analysing the performance of the NHS in both historical and international context and understanding the future challenges the NHS may face. In this role, the placement student will have the opportunity to work on a variety of projects and will directly contribute to briefing documents for ministers and senior civil servants.

Summer students are fully supported in developing the knowledge and skills they require to contribute to the work of the team, this includes support in learning analytical techniques used by government analysts and developing existing I.T. skills.

Many previous placement students have joined the GES as fast stream analysts following graduation. In this role the placement student will have the opportunity to meet and work with current fast streamers to gain understand and gain experience in the work they do.

Key objectives for this role

Key objectives for the role include:

Gaining knowledge and skills of government economics Experience of working in the Civil Service Working alongside an experienced government Economist. Raise awareness of the Department of Health Fast Stream.

Candidate Information Pack | 13

Responsibilities and tasks

Data analysis using MS Excel and other statistical software

Competences working on your own initiative, organising and prioritising time; producing results/determination

Key interactions: who will the role work closely with?

All students will be a assigned a designated line manager to work with during their duration of the placement who will be responsible for their professional development.

Candidate Information Pack | 14

Department for Work and Pensions (DWP)

Locations: Leeds, London, Newcastle and Sheffield

Salary: Outside London – no less than £19,402, London – no less than £23,574;

Number of placements: up to 7

Job description:

Economists in DWP play a pivotal role in providing high quality, influential analysis for Ministers and policy makers, to make decisions to deliver ground breaking initiatives to improve the lives of millions. We go beyond the theory and apply our economics knowledge to real-world problems. We analyse data, build models and trial the latest thinking in economic and behavioural theory, to ensure that high quality evidence is brought to bear on all aspects of policy and delivery design, implementation and evaluation.

In doing so, we help the department to tackle a huge range of interesting and high-profile policy challenges such as:

How can we provide greater security, choice and dignity for people in retirement, while also ensuring the system is sustainable for the future?

How can we maximise the opportunities whilst minimising the risks for the UK labour market from EU Exit?

How can we most effectively support people to move into employment and achieve financial independence?

How can we halve the disability employment gap by supporting disabled people and people with long term health conditions to get in and stay in employment?

How can we create a fair and affordable welfare system which improves the life chances of children and of adults?

How can we ensure value for money for the taxpayer by reducing our operating costs, whilst continuing to improve the efficiency and effectiveness of our services and delivery?

Student economists in DWP are highly valued and have the chance to work on high-profile areas. They will be part of our thriving economist community, with regular economist debates, economist reading groups, annual conference and socials across all our hub locations.

As economists, we are also part of the analytical community and will often work in teams with a mixture of analysts, including not just other economists, but also statisticians, social researchers and operational researchers. The DWP has the biggest analytical community across government which means there are always lots of exciting activities going on from analytical training courses, seminars and socials.

The exact roles which students will be placed in will be decided nearer the time, depending on departmental priorities. Our previous student cohort worked on a range of high-profile topics such

Candidate Information Pack | 15

as EU Exit analysis, Universal Credit data development and fraud & error modelling, so you can expect to contribute to our most influential analysis.

Summer placements should last a minimum of 10 weeks. During their time in the Department, summer students will gain an excellent insight into what it is like to work in the GES, and the skills they need to become an effective economist, such as:

Technical analytical skills including how to undertake applied data analysis using statistical software.

How to communicate analysis clearly and effectively, both verbally and in writing, to a wide range of stakeholders ranging from ministers to the general public.

The ability to work with a huge range of stakeholders of various professions, from across DWP, other government departments and beyond.

DWP recruits a large student cohort each year, so you will have lots of opportunities to build links with each other, and shape your placements to get the most out of them.

Lots of our students choose to return to us after graduating, which is a testament to how much our students enjoy their time with us at DWP. Many cite the breadth of roles available to analysts in DWP – and therefore the range of new challenges available – as a reason for choosing to return. Indeed, 100% of our previous cohort would recommend DWP as a great place to work, and in their feedback specifically mentioned how much they enjoyed the work, how strong the DWP Economist Community was, and how much they valued being treated as full members of staff.

Useful Information:

Locations: if successful, you will provide a preference for which office you would like to be based from.

Nationality requirements: Open to UK, Commonwealth and European Economic Area (EEA) and certain non-EEA nationals. Further information on whether you are able to apply is available here.

Candidate Information Pack | 16

Foreign and Commonwealth Office (FCO)

Location: London Posts available: 6Salary: £25,962pa

SUMMER PLACEMENT IN THE FOREIGN & COMMONWEALTH OFFICE 2019

The purpose of the Foreign and Commonwealth Office is to work for UK interests in a safe, just and prosperous world. Economists in the FCO have an exciting opportunity to promote this agenda by providing analysis and advice on a wide range of foreign policy issues.

Economists at the FCO are at the heart of the FCO’s economist network in London, and are involved in many of the organisation’s most pressing and high-profile topics. These go beyond the traditional definition of economic policy and recently have included contributing to the agendas on climate change and energy, G7, World Trade Organisation and World Economic Forum, development issues, debt relief, energy security and food security.

Working in the Foreign and Commonwealth Office will give an excellent insight into the organisation’s priorities and way of working. It will also be a good opportunity to learn about the skills and qualities needed to succeed as a government economist.

N.B. Applicants must be British Citizens and have been resident in the UK for at least two of the previous ten years, at least one year of which must have been a consecutive twelve-month period.

We are looking for six placement students to work in the central Economics Unit, Economic Diplomacy Directorate, the Prosperity Fund and Europe Directorate.

The successful candidates will be expected to assist members of their team in their duties. This includes helping produce briefing for Ministers, Ambassadors and senior officials and collating, presenting and disseminating data and other information. The role in the Europe Directorate is less analytically focused, though allows successful candidates to work on the strategically important issue of forging a new relationship with the EU. The successful candidates will be expected to add to their team’s knowledge base by producing at least one free-standing piece of analysis on a topic of direct relevance. Previous summer students have produced reports evaluating the impact of improving the business environment in middle income countries, analysed the development of the Russian economy over the last 20 years and produced updates on the World Economic Outlook.

The key skills required are an ability to:

• Absorb and process a large amount of information quickly;

• Explain economic concepts persuasively to a non-economic audience;

• Present analysis clearly, both in speaking and writing.

• Work effectively with others.

Experience in these teams would stand a graduate in good stead for a career in the Government Economic Service or outside government, for example in a business organisation or NGO.

Candidate Information Pack | 17

Food Standards Agency (FSA)

Job Description & Person Specification

DETAILS OF THE POSTJOB TITLE: ASSISTANT ECONOMIST

GRADE: HEO POST TYPE: PERMANENT FSA DIRECTORATE: SCIENCE EVIDENCE RESEARCH DIVISION (SERD)TEAM DIVISION: ANALYTICS UNIT ROLE LOCATION OR REGION COVERED:

LONDON

TRAVEL REQUIREMENTS: NONE

REPORTS TO (JOB TITLE AND GRADE):

VANNA ALDIN (HEAD OF ANALYTICS AND CHIEF ECONOMIST)

Main Purpose of the PostBackground

Candidate Information Pack | 18

About FSA

The Food Standards Agency is an independent Government department set up by an Act of Parliament in 2000 to protect the public’s health and consumer interests in relation to food safety and standards. The Agency is led by a Board that has been appointed to act in the public interest. The Agency is advised by a number of expert advisory Committees, including the Advisory Committee for Social Science (ACSS).

The Team

The Analytics Unit provides central analytical support to the Agency. It includes economists, statisticians, operational researchers and social science research. The Unit sits within the Science & Evidence Research Division (SERD) and is led by a G6 Head of Analytics and Chief Economist.

The economics team is comprised of one sandwich placement student (AO) and four Assistant Economist (AE) posts at HEO level supporting two G7 Economic Advisers. Most of our economists, including Assistants, are recruited through and are members of the Government Economic Service (GES).

The Post

The post offers an exciting opportunity to be involved in the development of this area of economics, applied to a high profile and fast developing policy environment. The work requires both a capacity for original thinking and an ability to apply existing economic theory and knowledge. Reporting to the Head of Branch, the post holder will have direct responsibility for providing economic advice to policy colleagues, in providing ongoing support and advice on policy development, economic appraisal and evaluation, guided by priorities within the strategic plan and emerging issues.

Working as an assistant economist at the FSA is challenging but exciting. Flexibility and the ability to think through problems from first principles are essential.

The post holder will work closely with other analytical colleagues within the social science, statistics and operational research teams in delivering high quality analysis supporting a comprehensive portfolio of research.

The post holder will have the opportunity to lead and help shape a number of high profile research projects in areas including for example:

EU Exit - supporting policy teams as the Agency develops a new regulatory system that is both flexible and resilient within a rapidly evolving global food system and market outside the EU; by developing a robust evidence base to assess the economic impact of trade effects and compliance costs of repatriating (domestic) food safety regulation in the UK.

Food crime, where the FSA is looking to develop a resilient and adaptable system of economic evaluation that would support our strategic objectives and allow us to assess food crime impacts more efficiently. A greater understanding of the extent and the result of these criminal activities would contribute to the development of future interventions.

This list is not exhaustive, as there may be opportunities to support other research areas.

Candidate Information Pack | 19

Activities and ResponsibilitiesKey Responsibilities

The focus of the role will be to:

Promote and manage the cost-effective use of economic appraisal; Provide general economic advice on economic appraisal and evaluation, working closely with

policy and project teams (covering Strategic Plan targets, Impact Assessments (IAs) and other areas requiring economic advice);

Provide timely advice on economic inputs to IAs, promote a better understanding of the IA process within the FSA;

Develop effective working relations with a variety of stakeholders, including other analysts, policy leads, scientists within and outside the Agency and stakeholders in industry and central and local government;

Keep abreast of developments outside the Agency in the economics of food safety; Provide cross-Agency advice and economic analysis that applies behavioural insights in explaining

economic decision-making to support policy development and design. On occasion, commission and/or manage research projects. Provide secretariat support to the Advisory Committee for Social Science (ACSS).

This list is not exhaustive, there may be a need to flex and change for business needs.

PERSON SPECIFICATIONPlease ensure that the person specification requirements are capable of being objectively assessed.

Experience: the knowledge of mastery of an activity or subject gained through involvement in or exposure to itEssential: Be proficient in using Excel and other

relevant software packages.

Desirable: Project Management Staff management experience

Technical: the specific profession skills, knowledge or qualifications. To include any Memberships or Licences.Essential: In-depth theoretical and empirical

knowledge of markets forces, market failure, and how these impact on the incentives of economic agents.

PROFESSIONAL GES COMPETENCIES

APPLICATION OF KNOWLEDGE (LEVEL HEO)

APPLY ECONOMIC TOOLS AND TECHNIQUES, AND SYNTHESISE EVIDENCE FROM A RANGE OF SOURCES, AS APPROPRIATE. REFERENCE SHOULD BE MADE TO THE GREEN AND MAGENTA BOOKS THAT CONTRIBUTE TO

Desirable: Health economics Evaluation methods Competition analysis – particularly regarding

regulatory change

Candidate Information Pack | 20

THE POLICY. PROVIDE EXPERT ADVICE WITH REGARDS TO APPRAISAL, IMPACT ASSESSMENTS, EVIDENCE-BASED BUSINESS CASES, AND EVALUATION.

Effective Communication (Level HEO)

COMMUNICATE EFFECTIVELY WITH NON-ECONOMISTS, CONVEYING THE RELEVANCE AND IMPACT OF ECONOMIC CONCEPTS WITHOUT THE USE OF SPECIALIST TERMINOLOGY. SHOULD BE ABLE TO TAILOR COMMUNICATIONS, ENSURING THAT IT IS APPROPRIATE TO THE NEEDS TO THE AUDIENCE.

Analysis of data (Level HEO)

Work with and understand economic models and interpret output data for the purposes of providing supporting evidence. Should be able to source, handle and process data sets based on best evidence/economic theory to form estimates about outcomes of likely policies. Explain key assumptions feeding into the model, ensure that they are transparently presented with results and that key risks and sensitivities are assessed.

Ability: list any aptitudes / ‘able to’, that the person will be required to have to fulfil the role.

Be able to analyse and handle data for the purposes of producing evidence for policy advice. BUILD EFFECTIVE WORKING RELATIONSHIPS WITH POLICY COLLEAGUES AND OTHER ANALYTICAL PROFESSIONS, TO

FACILITATE CONTINUOUS DISCOURSE AND BUILD MUTUAL UNDERSTANDING OF HOW TO WORK TOGETHER. Appraise and quality-assure economic research and proposals - challenge assumptions and

interpret outputs.

HM Treasury (HMT)

Candidate Information Pack | 21

Job Title:

GES Summer Student Range: Student

Group:

Business and International Tax (BIT)

Team: Strategy, Devolution and Cross-Cutting (SDX)

Line Manager:

Vladimir Novatchev

Background information

The Group, BIT, provides strategic oversight of business, environmental, transport, property, VAT and excise taxes that together raise revenue of over £200bn a year. BIT’s role is to deliver policy change in consultation with key stakeholders, to handle the UK’s relationships with other countries, the EU and international institutions on tax issues, and to manage and mitigate risks to the UK’s tax base including through tackling avoidance and evasion.

Within BIT, SDX supports and develops strategic thinking about the business tax system as a whole, leads on cross-cutting projects and priorities, and acts as a source of expertise and engagement on tax devolution policy. SDX also leads BIT’s fiscal event coordination and stakeholder engagement.

This post is within the cross-cutting analytical function of the team. The team leads on modelling the business impacts of the package of tax measures announced at fiscal events and also analyses how the burden of tax differs across all sectors of the economy.

Role Profile

The precise projects will be identified closer to summer. The student will likely focus on a combination of the following work:

Helping improve and update the team’s analytical models Contributing to the team’s work on exploring the relationship between tax and productivity Scoping and executing a strategic project with economic underpinning

The role will develop all GES competencies:

Analysis of data (modelling in Excel and potentially Stata/EViews/R; summarising and presenting the key messages)

Application of knowledge (micro and macroeconomics with a specific focus on tax and fiscal economics/policy)

Effective communication (prioritisation and presentation skills, written and oral communication, and project management)

Rather than focus on individual taxes, the student will be able to familiarise themselves with the wider tax system, understanding more about the economics underpinning tax policy design. The role will require collaborative work with other teams within HMT and will also include engagement with HMRC analysts. Due to the strategic nature of the team, the student will have the opportunity to attend meetings with senior stakeholders.

No prior experience with modelling or econometric software is required but eagerness to learn is essential. An interest in tax/public economics is preferable.

Candidate Information Pack | 22

Job Title:

GES Sandwich Student Range: Student

Group:

Public Services Team: Local government (LGR)

Line Manager:

Thomas Collins

Background information

We have had a student in the team for as long as we can remember. The last one intends to apply to HMT through the GDP after graduation, and the one before has already joined. LGR is a relatively small team and our structure is based on having a student to do a range of routine and more stretching work.

Role Profile

The LGR student has three broad areas of work:

Twice a year we do a fiscal forecast for OBR. The placement student loads data into models, runs the models, does sensitivity testing of results, and does the time-intensive but relatively straightforward work of reconciling data from different data sets. This takes around two months full time twice a year.

The student has an operational role in the administration of the capital finance mechanism for local government. Every day the student checks loan applications and confirms that the appropriate interest rate is being charged, and logs transactions in our records. The loan facility is led by a board of Commissioners who are Crown appointments; when we have identified a candidate for this board, the student manages the HMT side appointment process. This takes about six months of on-and-off work and we have to do a few of them in the next year (there are some economies of scale to doing them in a batch).

When not in the intensive 2x2 month forecasting periods, the student works on our programme of long-term analysis and responsive work. We give the them a mix of routine and more interesting/challenging analysis with a view to have them operating at or near Range D level by the end of the placement.

Candidate Information Pack | 23

Job Title:

GES Sandwich Student (summer)

Range: Student

Group:

Financial Services Team: Securities, Markets and Banking

Line Manager:

George Duffin

Background information

Securities, Markets and Banking team

This team brings together policy on securities and markets with prudential banking policy. The Security and Markets part of the team deals with policy and regulatory issues relating to financial markets, including market infrastructures (trading venues, clearing houses and settlement) and derivatives and foreign exchange markets where the UK and City is the pre-eminent global centre. The financial services industry is a significant sector of the UK economy, and one in which the nature and implications of the UK’s current membership is particularly complex. We are currently in a period of unprecedented change for many of these markets, to a large extent driven by regulatory changes in response to both the global financial crisis and high profile conduct scandals.

The team plays an important role in EU withdrawal, with responsibility for providing the internal Treasury expertise and advice needed to inform the UK’s negotiation and implementation of policy for this part of the FS sector.

The team delivers its policy objectives through close working with colleagues within the Bank of England, FCA, UKREP, and routinely engages with industry and EU stakeholders such as the European Commission and European Parliament. The team is also responsible for supporting major international negotiations, at the EU and FSB/G20 level.

Role Profile

We are looking for a GES summer student to work in the Capital Markets branch assisting on the UK’s post-Brexit strategy for Capital Markets. This is an exciting role with lots of room for creative thought, policy development and the opportunity to work on something of real economic importance.

Your main responsibility will be to lead a project on prospectuses. These are a type of information document used by companies when they want to raise money on public markets. They help investors to understand more about a company’s risk and prospects for growth, but they are also costly to produce.

For this project, you will focus on the cost/benefit of prospectuses to prospective investors and any policy interventions that could improve their utility, such as changes to their content. This will involve an extensive literature review, analysis of current market trends, engagement with the Financial Conduct Authority and industry bodies, and a final paper setting out conclusions and recommendations.

In addition, you will be able to feed into other priority areas of work for the Capital Markets

Candidate Information Pack | 24

branch, including the implementation of financial services legislation, briefing for ministers and seniors in the primary markets space, and more generally our longer-term strategic thinking.

To note, you are not expected to have any prior experience of Financial Services – everything you need to know can be learnt on the job, and the Capital Markets branch will actively support you in your learning.

Candidate Information Pack | 25

ROLE PROFILE AND PERSON SPECIFICATION

Job Title:Analyst (intern), Labour Markets and Distributional Analysis

Range: Intern

Group:PTWP Team: Labour Markets and

Distributional Analysis

Line Manager:

TBD Current post-holder: N/A

Background information

The Labour Markets and Distributional Analysis (LMDA) team sits within the Personal Tax, Welfare, and Pensions Group (PTWP).PTWP aims to promote a personal tax and welfare system which supports Government objectives of deficit reduction, economic growth and fairness. This includes high profile areas of personal tax, labour market, welfare, pensions and savings, such as tax avoidance and evasion, automatic enrolment, and Universal Credit. The Group also owns spending control for both HMRC and DWP.  These are key areas for the Treasury, with fiscal significance and risk. The Group also has a wider HMT role providing analysis of the overall distributional impacts of tax and benefit reforms on households.LMDA is made up of three branches: Labour Markets Economics, Labour Markets Policy and Distributional Analysis. The team is responsible for providing analysis and policy advice in order to (i) understand, influence and communicate the distributional impact of government decisions; and (ii) support effective labour market outcomes and ensure spending control and value for money in labour market policy. Role Profile

Working in one of LMDA’s three branches, you will contribute to LMDA’s analytical expertise and policy development by undertaking one or more economic projects. Your work will relate to some of the most central issues in UK economic policy, such as productivity, wages, inequality and standards of living. It will involve applying your economic understanding and analytical skills to one or more analytical projects. Specific projects will be decided closer to the time, based on evolving priorities. Previous students have analysed changes in “insecure” work, comparisons between inequality in the UK and other countries, and the link between productivity and earnings. Project work is likely to involve undertaking data analysis using statistical software and reviewing economic literature and other evidence, as well as writing reports and presenting your conclusions to other analysts and

Candidate Information Pack | 26

policy makers. The ability to communicate your findings to a range of stakeholders, including to non-technical and senior audiences, will be crucial. Key competences & skills

Key competences: Seeing the big picture Making effective decisions Leading and communicating Collaborating and partnering

Skills specific to this role: Strong analytical and problem-solving skills Ability to communicate analysis to non-technical audiences, The ability to proactively manage your workload and deliver to

deadlines

Candidate Information Pack | 27

Job Title:

GES Summer Student Range: Student

Group:

Public Services Group Team: TBC

Line Manager:

TBC

Background information

Public Services Group

The Public Services Group is a friendly and collaborative group at the heart of the Treasury’s work to secure fiscal consolidation. Our principal objective is to manage public spending of over £250 billion covering the key public services and departments – including health, education, the police, the criminal justice system, local government, housing, culture, defence and the devolved administrations.

We do this by working with Departments, Ministers, special advisors, senior officials and other Treasury teams to ensure spending plans support high quality public services and provide value for money for the taxpayer. We also lead for the Treasury on a number of high profile and challenging reform agendas – in areas such as the NHS, schools, local government funding and fiscal devolution.

Our work offers a range of opportunities to develop and demonstrate core Treasury competencies, such as working with senior stakeholders in other Departments and managing risks to public service delivery. Across the Group we are increasingly working in a flexible, cross-cutting way to take maximum advantage of people’s skills, create new opportunities for staff and ensure a good work/life balance.

Role Profile

Working alongside a variety of different teams within the group, you will be able to be involved in the heart of public spending.

Activites you will be expected to complete during your time is:

1. Project work2. Infostore3. some accountability casework in support of other team members: this would allow

him or her to understand, at ground level, the way we account to parliament for the proper use of taxpayers’ resources;

4. preparations for accounting officer training courses over the summer run jointly by HM Treasury and Civil Service Learning: this will give the intern an opportunity to

Candidate Information Pack | 28

learn, at a more strategic level, the public accountability regime we operate in the United Kingdom. As a sort of bonus, it will also allow the intern to meet with a number of accounting officers of government departments and arm's length bodies; and

5. reviewing and improving system for government responses to Public Accounts Committee reports and recommendations (Treasury Minutes) with a view to streamlining processes and making the exercise less cumbersome and more efficient etc.

GES Summer Student Range: Student

Fiscal Team: DRM

Candidate Information Pack | 29

TBC

Background information

The post is within the Debt and Reserves Management (DRM) team and offers an excellent opportunity to develop profound analytical and communication skills in the areas of monetary economics, financial markets, and central banking.

DRM is one of the three teams within the Fiscal Group, which is in charge of ensuring the sustainability of the government’s finances to support economic stability and growth. DRM manages key financial assets and liabilities on the government balance sheet, working closely with the Bank of England and overseeing its balance sheet operations, including its Quantitative Easing (QE) program. The team has four branches – Debt Liabilities, Balance Sheet Analysis, Operational Oversight, and Assets, Interventions and Markets – and its composed of a mixture of friendly and collaborative economics and policy officials.

Role Profile

This placement offers an excellent opportunity for an economics student with a keen interest in macroeconomics, financial markets, and central banking activities, but does not require prior knowledge of these areas.

The successful student will carry out some focused research and produce short pieces of analysis relating to financial market developments, involving a mixture of qualitative and quantitative work. The successful candidate will benefit from training in both financial market software and the development of policy advice.

The exact work profile will be decided nearer the time, but possible work projects include:

1. International comparisons of Quantitative Easing (QE) schemes2. An assessment of global monetary policy and the implications for financial markets3. The effects of interest rate benchmark reform: transitioning from LIBOR to SONIA

We are looking for a motivated and committed individual, with a strong interest in developing their economics skills further, especially in the areas of financial markets, central banking, and monetary economics. We strongly encourage applications from female candidates. The successful candidate will be highly numerate and organised with a good eye for detail, and will make extensive use of software packages including Excel and PowerPoint, and bespoke software for financial market analysis. Familiarity with these packages is not a prerequisite, as training will be provided, but would be an advantage. We strongly encourage you to apply even if you feel you do not fit all the criteria.

Candidate Information Pack | 30

Job Title:

GES Summer Student Range: Student

Group:

Personal Tax, Welfare and Pensions (PTWP)

Team: Pensions and Savings Team

Line Manager:

TBC

Background information

The Group, PTWP, spans personal taxes, welfare payments and labour market policies. A variety of tax and spending roles are performed within the Group, and robust, high quality analysis is needed to support policy making.The post is within the Pensions and Savings policy team. The team is responsible for setting tax policy on private pensions, changes to the State Pension, and policy in relation to savings (e.g. ISA allowances, crowdfunding). The team also houses PTWP’s Strategic Projects unit, which aims to improve the Group’s strategic policy-making function by running projects on cross-cutting and long-term issues across the Group’s policy teams, as well as leading on high-profile strategic issues and capability-building on new and creative policy development opportunities.

Role Profile

The post provides an excellent opportunity to work at the centre of policy development – the team routinely advises the Chancellor, Chief Secretary and Economic Secretary to the Treasury on possible policy changes and announcements. Experience of tax, welfare, pensions and savings policy could put the candidate in a good position for graduate applications to work at the Treasury, other Government Departments, the FCA or the financial services industry.The student will be expected to work flexibly across the pensions and savings team, and is likely to undertake a couple of projects during their time in the team. The precise content of the work will depend on the policy landscape; illustrative examples include:

Performing the analysis for changes to savings tax incentives in order to advise Ministers on policy change, e.g. the economic case for changing ISA limits.

Undertaking an analytical project on a long-term, strategic issue that intersects PTWP’s policy areas, for example on the economic pressure from the ageing UK population

Building capability within PTWP on new and creative policy development opportunities, such as behavioural insights and data science

The student will also respond to Ministerial and public correspondence and Parliamentary Questions on pensions and savings.

Candidate Information Pack | 31

Job Title:

GES Summer Student Range: Student

Group:

BIT Team: EPT

Line Manager:

Tbc – contact for now: Chloe Evenson

Background information

EPT is responsible for the aspects of the tax system that encourage investment and entrepreneurship in and by business, including capital allowances, tax advantaged venture capital schemes, the new social investment tax relief, employee share schemes, creative sector reliefs and research and development tax credits. The team deals with all aspects of commercial and residential property taxation from business rates and council tax to stamp duty. The team also leads HMT engagement with the Office of Tax Simplification (OTS), and we work very closely with HMRC, who lead on the technical details and implementation of the policy.

Role Profile

The team works closely with other teams in HMT, to ensure policy meets HMT’s economic as well as fiscal objectives, for example growth and productivity, and economics group.

The student would work on an economics project which would directly influence our tax strategy and policy at future fiscal events. Two projects they could work on would be: an assessment of whether business rates or a sustainable tax revenue given the trends in economic activity and move towards digitalisation; and a project looking at employer tax incentives to provide training to encourage investment in staff skills, as part of HMT’s productivity agenda.

The role would provide broader development opportunities that could be tailored to the individual. For example, working collaboratively with analysts in HMRC, meeting external stakeholders, and briefing Ministers and senior officials for events.

Candidate Information Pack | 32

Job Title:

GES Summer Student Range: Student

Group:

Government Financial Reporting

Team: Financial Reporting Policy

Line Manager:

Ruth Ward

Background information

The Financial Reporting Policy team is part of the wider Government Financial Reporting group within HM Treasury. We work on a range of projects, providing financial reporting policy, financial management and related spending risk advice and support to colleagues within HM Treasury and across government.

One of the Financial Reporting Policy team’s responsibilities is to maintain and update the Financial Reporting Manual (FReM) used by all central government departments in preparing their annual reports and accounts. The FReM gives guidance on how to adopt International Financial Reporting Standards (IFRS) for use in the public sector, and sets out requirements for other elements of the annual report and accounts such as the Accountability Report and the Performance Report. Illustrative statements published along with the FReM give preparers a point of reference for their reports.

Another significant document produced by the Government Financial Reporting group is the Consolidated Budgeting Guidance (CBG). The CBG sets out the rules for the budgeting system that is used across government. This budgeting system is the primary means through which HM Treasury controls public expenditure in support of the government’s fiscal framework. The budgeting system also provides strong incentives for departments to manage spending well so as to provide high-quality public services that offer value for money to the taxpayer.

In 2019 we are planning zero-based reviews of both the FReM and CBG. These projects will involve complete reassessments of the structure and presentation of the guidance included in the guidance. The documents will be redesigned for clarity, concision, and usability.

Role Profile

On student placement with the Financial Reporting Policy team, you will get involved with both zero-based reviews.

You will work closely with the Financial Reporting Policy team members leading on each project, bringing a fresh perspective to existing guidance, and will have opportunities to suggest design improvements to either or both documents.

This is a chance to get deeply familiar with the some of the core guidance on government finance, and to learn how central government departments allocate their resources and get held accountable for their spend. Over the course of the placement you will have opportunities to join meetings with senior finance staff from across government, and to see how your contributions fit into the bigger picture of public sector finance.

Candidate Information Pack | 33

You may be asked to set up and attend meetings with senior figures; to take minutes and record decisions; to provide your own views and potentially even to draft sections of the guidance. You will have a professional attitude and presentation, both in person and in your emails and other writing.

No previous knowledge or experience of budgeting or financial reporting is required, but you will need to be eager to learn and ready to hit the ground running.

Job Title:

GES Sandwich Summer Student

Range: Student

Group:

Fiscal Team: DRM

Line Manager:

TBC

Background information

Candidate Information Pack | 34

Debt and Reserves Management (DRM) manages key assets and liabilities on the government balance sheet. We work closely with the Bank of England and oversees its balance sheet operations including its quantitative easing program. The team is a mixture of economics and policy officials.

Role Profile

We are looking for a student to carry out some focussed research relating to central bank operations and financial market developments.

This would be suitable to an economics student with an interest in macroeconomics, financial markets, or central banking activity, but does not require prior knowledge of the area. The work will be a mixture of qualitative and quantitative work.

The exact work profile will be decided nearer the time, but some possible work projects area set out below.

4. International comparisons for quantitative easing (QE)a. How is QE implemented in different countries? E.g. US, Japan, Eurozone.b. Does the governance and fiscal treatment of QE vary across different countries? c. Has this varied over time?

5. Central bank balance sheets a. How does the composition of central bank balance sheets vary by country? b. What are the implication of unwinding QE for the balance sheets of different

central banks? 6. Markets

a. How have markets responded to the replacement of LIBOR with SONIA?b. What are the implications of the transition?

Ministry of Defence (MoD)

The number and location of vacancies: 2 – both in Whitehall, London. The salary payable – £20,932 annual equivalent (TBC). If there are any specific requirements for residency – Need to be a UK National and pass

Security Check (this normally requires residency in the UK for a minimum of 5 years).

Department Ministry of Defence, London (Whitehall)

Candidate Information Pack | 35

Brief description of post The two posts will be in the small Ministry of Defence (MOD) economics team, which is the first port of call for most types of MoD economic advice. The branch provides regular advice on macro- and microeconomic issues, and ad hoc work on the UK economy to guide Defence policy. The branch also conducts original research on a wide range of defence economics topics.

2018’s summer students were fully incorporated as members of the economics team: they developed and applied a number of skills, from undertaking modelling on foreign exchange and briefing over other international macroeconomic issues to analysing the UK labour market, as well as adding to MOD’s in-house longer-term research base.

Five Key skills the post holder will gain/develop

- Application of economics knowledge

- Communication with non-economists

- Analytical and innovative thinking

- Excel skills and use of R statistical programming software

- Report drafting

Clearance requirements Security Clearance (SC) and UK National

Ministry of Housing, Communities & Local Government (MHCLG)

Location: 2 Marsham Street, London, SW1P 4DFPosts available: 4Salary: £18,000 pro-rata

Job title: Summer student - Economist

Candidate Information Pack | 36

Directorate: Analysis and Data Directorate, Ministry of Housing, Communities and Local Government

Please note that successful candidates will need to pass the CTC security checks to work at MHCLG. This requires candidates to have been CONTINOUOUSLY resident in the UK for the past 3 years.

The Ministry of Housing, Communities and Local Government’s job is to create great places to live and work; and give more power to local people to shape what happens in their area. Our work is focused on four main areas:

Better local services for people;

Helping people to have a home of their own;

Supporting businesses to grow and create job

Supporting strong communities where people feel they belong.

As an analytical summer student within MHCLG you will be responsible for a variety of unique and interesting pieces of analytical work supporting our policies. These roles vary across different business areas, but frequently involve liaising with other government departments and external stakeholders, working collaboratively across teams within MHCLG to deliver research outputs, and provide analytical solutions for customers.

The posts are based in MHCLG’s Analysis and Data Directorate and this is a multi-disciplinary team comprising data scientists, economists, operational researchers, social researchers, statisticians, IT specialists and data collection teams. The Directorate is a vibrant, fast-moving and high-profile place to work and is at the heart of delivering critical evidence for the Department and other stakeholders. You will be expected to work alongside policy colleagues and provide analysis to support their work.

Analysis and Data Directorate provides analysis on all MHCLG’s policies. Our priority areas include:

Expert analysis and advice on the housing market; planning and key policies such as Right to Buy

Policy analysis on local public service reform and public-sector efficiency including key policies such as the Fair Funding Review and business rates retention

Undertaking economic analysis in preparation for key fiscal events such as the 2019 Spending Review

Cities and local economic growth, and Enterprise Zones

The annual Local government finance settlement

Homelessness and domestic abuse

Robust National and Official Statistics including on house building, planning, affordable housing and land use

the English Housing Survey (EHS) - https://www.gov.uk/government/collections/english-housing-survey

Wellbeing and the Indices of Multiple Deprivation

Candidate Information Pack | 37

Open Data Communities - http://opendatacommunities.org/

As a summer student with MHCLG you can expect to work with experienced government analysts on high priority projects. You will have the opportunity to use your technical skills on the job and will be able to acquire new skills as part of the internship role. Working in MHCLG will give you the chance to work alongside experienced policy makers and give you a real insight into policy making today.

Opportunities

We will agree the precise nature of your work with us nearer the time depending on the skills and interests of candidates, but opportunities include:

Providing economic analysis to inform high priority policy issues;

Applying economic theories and principles to public policy issues;

Working closely with analysts across government, including HM Treasury;

Gaining experience of working in an analytical team in government;

Explaining economic concepts and analytical results in plain English to policymakers;

Gaining exposure to work on developing innovative new tools and techniques for analysing data and sharing results;

Working in a multi-disciplinary environment with analysts of different specialisms and helping to build the evidence base in key policy areas;

Person specification

This post would suit individuals who:

Have an interest and/or experience in applying their economic skills to public policy and the public sector;

Have a background in microeconomic theory and excellent analytical skills;

Have knowledge and/or experience of using MS Office – i.e. PowerPoint, Word, and Excel;

Are interested and/or have experience in taking an evidenced based approach to help inform, and make recommended decisions;

Enjoy working in a team and can build relationships and work collaboratively;

Have good communication skills; and;

Are self-starters and can work independently.Ofwat

LOCATION: Birmingham or London (flexible)

NUMBER OF PLACEMENTS: 2

Candidate Information Pack | 38

SALARY: £22k pro rata

A job description for each vacancy or a generic one to cover all vacancies;

Ofwat is the economic regulator of the water sector in England and Wales. We set the bills companies can charge, challenge the sector to deliver what customers and society expect, and work with many organisations to achieve our vision of a sector which inspires trust and confidence in vital public water and wastewater services.

It is an exciting time to be a part of Ofwat – over the course of 2019 we will scrutinise companies’ business plans and charging proposals for 2020-25, challenging them to commit to delivering a reliable, resilient service whilst managing bill increases down via efficiency improvements. We will also continue to monitor the financial resilience and conduct of water companies, and cultivate prospects for increased competition to drive efficiencies and better service.

Joining a small (~200 FTE) government department on your summer placement, you will have the opportunity to work within a multidisciplinary community of economists, econometricians, engineers, lawyers, and corporate finance experts - playing an important role in the analysis underpinning the policies and operational activity of our programmes, which include:

PR19: The 5-yearly process of deciding the package of water company deliverables and bills for 2020-25, entering its final year.

Market outcomes and Enforcement (MOE): Promoting innovation and choice in markets opened to competition (e.g. business retail) and stepping in to protect customers where necessary.

Finance and Governance: Monitoring company financial resilience to shocks and working with companies’ boards so that their actions engender trust and confidence in customers and wider society.

Thames Tideway Tunnel: Oversight and monitoring responsibilities on the progress of construction on the 25km tunnel under the Thames.

The post offers a variety of potential opportunities to develop economic competencies, particularly:

Econometrics: Using the wealth of company data on

Candidate Information Pack | 39

costs and services to help conduct econometric benchmarking to challenge laggard companies to catch up.

Financial economics: Using theories of the firm and developments in capital markets to help set accurate allowances and identify risks to financial resilience.

Behavioural Economics: Helping to design and oversee incentives to achieve positive behaviour change in regulated companies and customers.

Impact measurement: Using valuation techniques to appraise options and advise on proposals which are most likely to add value.

All economist interns would be an integral part of a dynamic and supportive economics community spread across Birmingham and London. This provides analytical support to Ofwat’s programmes and initiatives, and maintains a busy schedule of training opportunities and external speaker seminars.

Candidate Information Pack | 40