Senior Macro Modelling & Forecasting Analyst

Bank of England; City Of London; On-site; GBP 50,000 - 63,000; Full time

Benefits offered by this job

Pension scheme

Discretionary performance award

Benefits allowance (8%)

Annual leave 26 days

Private medical insurance

Income protection

Job summary

Bank of England in Leeds and London seeks an experienced economist to mature and deploy a semi-structural macroeconomic forecasting model for scenario analysis. You will work with forecasting and modelling experts to design, estimate and implement models, emphasising governance and reproducible research.

You will advise on model specification, produce policy notes, and communicate technical results to senior stakeholders while leading end-to-end analytic projects using emerging data and tools.

Qualifications

• Proven expertise in developing and estimating semi-structural macroeconomic models.
• Experience forecasting or scenario analysis for macro policymakers: feeding modelling into high-stakes policy debates, designing scenarios, writing policy notes or providing real-time technical briefings.
• Ability to influence senior stakeholders and communicate complex information to non-technical audiences.
• Demonstrated ability to lead projects or think strategically about programmes of work, with minimal oversight.
• Strong programming skills in at least one major language (Python, R, MATLAB, Julia) and comfort with larger datasets.

Responsibilities

• Design, estimate and implement the Bank's macroeconomic models, with focus on semi-structural approaches and potential contribution to time series, DSGE and model combination.
• Produce policy notes and technical briefings for key stakeholders as the transformation progresses.
• Lead analytic projects end-to-end, building new capabilities from emerging data sources.
• Coordinate across Bank policy areas and leverage central bank networks.
• Set and embed high standards for model governance, maintenance, evaluation and reproducible research.
• Mentor and contribute ideas to the wider community.

Skills

Semi-structural modelling

Forecasting & scenario analysis

Stakeholder engagement

Project leadership

Programming (Python/R/MATLAB/Julia)

Tools

DataBricks

Git/version control

AI tools for modelling

Job description

Bank of England in Leeds and London seeks an experienced economist to mature and deploy a semi-structural macroeconomic forecasting model for scenario analysis. You will work with forecasting and modelling experts to design, estimate and implement models, emphasising governance and reproducible research.

You will advise on model specification, produce policy notes, and communicate technical results to senior stakeholders while leading end-to-end analytic projects using emerging data and tools.