|Job Type:||Full Time, Part Time|
Contract: 12 Month Fixed Term Contract covering Maternity Leave
Hours: Full Time 37.5 hours per week OR Part Time Hours Negotiable
Salary: Up to £66,150 per annum max depending on experience
Benefits package: 30 days annual leave plus bank holidays, 15% employer contribution, flexible working, cycle to work scheme, healthcare cash plan, life assurance, buy and sell holiday scheme, lifestyle benefits and more.
You will play a leading role in providing the economic support necessary for Business Bank activities, this will involve market analysis to identify problems and gaps in the market for small business finance, working in close collaboration with the strategy team to appraise options for new Business Bank activities and engaging with product teams to evaluate existing activity.
You will conduct high quality economic analysis of the supply of finance to smaller businesses, with a focus on using economic theory and market data to identify where market failures result in sub-optimal outcomes, produce economic business cases demonstrating the value for money of new product propositions in collaboration with business development, functional and business unit colleagues, as well as external delivery partners and lead externally commissioned economic evaluation of the value for money delivered by Business Bank activities, working closely with the product teams.
Essentially, you will have experience in applying microeconomics to public policy and communicating results clearly in a policy environment, have an understanding of market failures that may arise in business finance markets, have knowledge of business case and evaluation methodologies used to assess the impact and value for money of public policy interventions and experience of contributing to published research reports.
An understanding of the challenges facing new business start-ups, in particular in accessing finance, along with experience of using statistical packages to analyse survey and market data and working with strategy or policy functions in public sector bodies would be beneficially but not essential.
The British Business Bank is a unique and exciting institution. Its mission is to make finance markets work better so smaller businesses across the UK can prosper and grow.
Established in 2014, it is a 100% government-owned economic development bank but independently managed.
To deliver its programmes, the Bank works through more than 180 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.
Currently, we employ around 410 people, split between offices in Sheffield and London.
Please note all candidates applying for this role should have the right to work in the U.K.