Banking - Investment banking forums, career advice and talk


Login to an existing account

Investment banking news forum
Investment banking interviews forum
Investment banking career advice forum
Investment banking education and courses forum
Investment banking technical forum
Investment banking commununities
Investment banking off topic forum

Search forums
About us
Contact us



Competition and Markets Authority (CMA) is looking to hire an Econometric Adviser in London, UK

Back to Career Advice forum


Post time14:21 26-02-2014
(Post updated by Joberate 12:58 27-02-2014)

Econometric Adviser OCEA Econometrics Team ROLE PURPOSE The role holder will contribute to ensuring that the econometrics work carried out by the economics teams in the Enforcement/ Markets & Mergers Directorate is of high quality, represents state-of-the-art thinking, and plays a key role in ensuring that the activities of the Directorates have maximum impact in contributing to the CMA making markets function effectively. The role holder will also contribute to improving the understanding of econometrics by non-economists. The role holder will be part of a small team of econometricians undertaking econometric analysis on CMA work and will help develop the econometrics capability of economists working in the Enforcement and Markets & Mergers Directorates. KEY RESPONSIBILITIES The Econometrics Team has five key responsibilities: act as sub-contractors providing analysis to case teams act as consultants advising case teams on analysis undertaken by case teams scrutinize analysis undertaken by case teams and external advisers lead its own projects (e.g. commission specialist research, produce own working papers), and generate appreciative demand for econometrics within the CMA Within this, the key responsibilities of the role are: to be accountable to the Head of Econometrics for the quality of econometrics work on cases in the Directorates by: --contributing to scoping of empirical work on cases and projects, identifying data-testable hypotheses regarding economic theories of harm --identifying appropriate econometric techniques to deliver usable output to case teams, bearing in mind potential data and time constraints --conducting econometric analysis, often on large datasets and/or using complex techniques --attending case team meetings and maintaining regular communication with case team members --identifying relevant statistical or econometric work strands within a project, the level of resources required and likely timescales; --interacting with the case teams and other members of OCEA in order to identify the need for and, where appropriate, commissioning research from external economic consultants or academics, then taking responsibility for managing the delivery and providing quality assurance --helping to manage the quality control process, including the quality of econometric analysis conducted elsewhere in the CMA and escalating to the Head of Econometrics, Directors of Economics in OCEA and Chief Economic Adviser --presenting details of complex analysis through a variety of channels to both economists and non-economists and supporting the drafting of empirical analysis for publication in CMA reports, and --working closely with members of the statistics team in order to ensure that the statistical and econometric work is well joined up To improve the understanding and appreciation of econometrics among non-economists To assist the Head of Econometrics in driving forward talent management for the Econometrics Team, and improving staff capability through recruitment, coaching, mentoring and staff and work management To contribute to the professional development of economists throughout the CMA including helping to organise seminars and training programmes. Maintaining and developing the econometrics skills of economists throughout the CMA Where appropriate, providing training on econometric theory and applications and on the use of statistical programming software Working as a proactive member of the team and influencing widely on a broad range of economic issues Managing an Assistant Economist, providing structured support and development This job description is not exclusive or exhaustive. It is intended as an outline indication of the areas of activity and may be amended in light of the changing needs of the organisation. MINIMUM CRITERIA Post-graduate degree in economics with econometrics specialisation Practical work experience in the use of a range of econometric techniques, preferably in a competition or consumer policy environment Demonstrable experience of communicating technical econometric analysis and sounds judgment based on economic analysis to non-technical audiences and of Good understanding of industrial organisation and competition economics Experience of working in cross-disciplinary teams delivering high-impact outcomes to tight deadlines CIVIL SERVICE COMPETENCIES LEVEL 4 For more information about the organisation please visit PLEASE APPLY THROUGH HERE: