Lead Econometrician - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

1 day ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Lead Econometrician (Causal Inference)

Salary:
National - ranging from £65,200 to £90,000 per annum and London - ranging from £67,900 to £100,000 per annum

The team/ department

Economics is at the heart of what the FCA does.

Economic thinking and analysis inform our regulatory decisions and shape how we tackle some of the biggest issues in financial services.

Our economists have been at the forefront of the FCA response to the market turbulence after Covid, the cost-of-living crisis, informing the design of the new consumer duty, shaping the future regulation of crypto-assets and sustainable finance, analysing risks to financial stability in the current high interest rates environment, and exploring the impacts of AI in financial services.

The Financial Services and Markets Act 2023 also introduces a new Cost Benefit Analysis Panel which further emphasises the importance of high-quality economic thinking in our policymaking.

We are currently recruiting for a Technical Specialist to join the Regulatory Reform and Evaluation team in the Economics Department.

They will bring outstanding applied econometric and evaluation experience into our Economics Division, with a passion for helping inform evidence-based policy to shape the future of financial services and its regulation.

The Economics Division is expanding its focussed programme of evaluation work.

The programme aims to enhance the analytical and intellectual underpinning for the FCA's strategic decision-making, and policy and regulatory work, to support it being a proactive, evidence-driven and agile regulator.

We have a rich programme of evaluation projects, seeking to evaluate the causal impact of our key policy interventions, across both consumer and wholesale markets.

The Economics Division is formed by a vibrant mix of nationalities and works closely with colleagues across the FCA to ensure high-quality analysis and effective decisions across all aspects of FCA regulation.

The Division is made up of teams covering policy analysis in consumer and wholesale financial markets, economic strategy, horizon scanning, research, behavioural and economic data science, regulatory reform and evaluation, and financial stability and international engagement.

Teams work closely with other domestic and international regulators, the academic community, the Bank of England and central government.

There is an established FCA Economics Profession that offers networking, learning and development opportunities, while its members are also eligible to be associate members of the Government Economic Service and participate in activities of the Royal Economic Society as institutional members.

What you will be doing (the role)

As part of our team, you will play a key role in leading and delivering our analytical work in financial markets.

You will have responsibility for the delivery of evaluation projects that draw on extensive datasets and seek to infer the causal impact of our policy interventions.

You can see recent impact evaluations we have conducted

here

In addition to providing robust, evidence-based analysis, you will be skilled in communicating your findings to a range of internal and external audiences (including non-technical senior stakeholders).

A key aspect of your role will be developing capability in the causal inference space, drawing on the full spectrum of econometric methods that are now available.

We are keen to be at the forefront of impact estimation methods and your role will be to keep up to date with the latest academic research and bring new methods in so that we grow internal capability at more junior level.

You will be responsible for leading, developing and supporting more junior members of the team.

You will also be responsible for ensuring that appropriate quality assurance systems are in place for our evaluation projects so that our findings can stand up to external scrutiny and challenge.

As part of your role, you will act as an advocate for the Economics Division - seeking out ways to share your economic knowledge.

You will have opportunities to present your work to other regulators, industry and academia. There is also scope to undertake your own or collaborative research projects.- Experience carrying out econometric analysis to inform evaluation- Experience in devising evaluation methodologies and delivering evaluation projects that primarily (if not exclusively) rely on quantitative analysis of big datasets- Leading teams undertaking complex analyses using innovative thinking and dealing with uncertainty- Communicating analysis to non-specialist audiences

What you will get from the role

You will have a rare opportunity to understand and shape the workings of the financial sector.

You will enjoy a unique aerial view of the financial services industry, doing meaningful work that makes a real difference.

You will have the opportunity to be a thought leader in applied econometric methods for evaluation, driving in