BRITISH BUSINESS BANK PLC
Role Profile
Job Title
Director of Economics and Market Analysis
Team
Strategy, Economics and Business Development
Grade
Director
Salary
£70,000 – £100,000
Responsible to
MD, Strategy, Economics and Business Development
Responsible for
Senior Managers and Managers, Economics
OVERALL PURPOSE OF JOB
The British Business Bank is a unique and exciting new institution. Its
overarching mission is to change the structure of the finance markets for smaller
businesses, so these markets work more effectively and dynamically. This will
help businesses prosper and build economic activity in the UK.
This is an exciting role within the Bank’s Strategy, Economics and Business
Development team. The team works across all areas of the Bank on a variety of
issues. It leads on the overall strategy for the Bank – owning the business
planning process and the negotiations with Government over its funding
envelope.
The team also coordinates the product development process, working with
product teams, Risk, Legal and Finance to ensure the Bank has a clear set of
product development priorities and, and also contributes resource to cross-Bank
virtual development teams. It is also responsible for producing cutting edge
market analysis of the smaller business finance markets and evaluations of the
Bank’s programmes.
MAIN RESPONSIBILITIES
The key aspects of the role will involve:
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Line manage a team of 3 to 5 economists, including taking a lead role in
recruiting, setting objectives, mentoring / supporting professional
development, and performance management for half year and full year
Be a thought leader on economic insights into the UK SME market and
how the BBB can achieve its goals, including through active external
engagement with, for example, academics, multilateral organisations,
other national development banks, other government departments, etc.
Lead the research, writing and publication of the annual the Bank’s State
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of the Market report.
Lead development of the evidence base for the BBB’s existing and new
products in collaboration with business unit colleagues including
evaluation of programme efficacy via value for money analysis; do so
independently as well as by commissioning and managing original
research executed by external third parties
Manage multiple projects in varying stages of development for durations
of 3 to 18 months, sometimes with responsibility for team members within
each
Support the our business insight and management information capability
Represent and defend the BBB’s economic capability externally with, for
example, academics, multilateral organisations, other national
development banks, other HMG departments, etc.
PERSON SPECIFICATION
(Qualifications, skills and competencies required for role)
1. Good economics degree (2:1 or above / 3.2 GPA or above) from a
respectable university; masters from a leading programme preferred
2. Financial services experience required with deep understanding of how FS
balance sheet works, key FS performance drivers, and broad FS product
set
3. Experience in delivery of core government economic analysis such as
value for money and GVA analyses, estimates of market gaps, support for
spending bids required. Strong technical background in applied
microeconomics preferred.
4. Pragmatic, flexible attitude and strong pro-active problem-solving ability;
good market / commercial sense preferred
5. At least 6 years of relevant work experience from a economics consulting
firm, economics department of a financial institution, or economic analysis
unit of public sector entity; material experience leading multiple projects
and managing multiple senior stakeholders with divergent agendas
6. Experience attracting, developing and retaining talent including
experience line management for multiple staff
7. Ability to communicate clearly and persuasively, by advising senior
management and other stakeholders in a structured, convincing and
concise way. Ability to structure and tailor story lines for stakeholders.
8. Right to work in the EEA is essential