Economic Adviser

Job Title: Economic Adviser
Contract Type: Permanent
Location: Singapore
Salary: 7,258 SGD
Reference: 1
Contact Name: Myrene Barcebal
Contact Email: myrene.barcebal@fco.gov.uk
Job Published: February 06, 2020 17:06

Job Description

The British High Commission Singapore is part of a world-wide network of 230 Posts, representing British interests around the world. This is an exciting time to work at the British diplomatic network as the UK seeks to establish deeper economic links with Southeast Asia. 

We are looking for a highly self-motivated, proactive and ambitious individual to lead the UK’s engagement with Singapore on a range of fascinating and high-profile economic policy issues. The job holder will be the lead economic expert in the High Commission, working closely with a range of teams, as well as with UK Government ministries in London to deliver on our ambitious economic and financial services objectives.

Strong interpersonal, networking and leadership skills are key skills for the post. The job holder will need to build and utilise an extensive network of local contacts in government, academia and business and use these networks to help deepen collaboration between the UK and Singapore. They will also use their economic analytical skills to deepen economic ties between the UK and Singapore. Strong oral and written communication skills will be important to represent the UK and communicate concisely and effectively with a range of senior stakeholders.

In addition to being a core part of the British High Commission team, the job holder will also be a important member of the Southeast Asia Economic and Trade Policy Network and will work to the head of the network (also based in Singapore and line manager). They will join an existing team of twelve economic, trade policy and intellectual property advisers based in diplomatic missions throughout the region, providing the opportunity to contribute to wider economic, financial and trade policy work for the wider region. In addition, there will be opportunities for the successful candidate to get involved in the UK government’s flagship economic development programme, the Prosperity Fund, which is working across the region on a wide range of economic and financial services issues.

Lead on economic advice on Singapore’s economy, ensuring the economic work of the High Commission delivers UK government prosperity objectives in Singapore (30%)

  • Lead UK-Singapore economic and financial sector policy collaboration, including on issues relating to industrial strategy, financial services, digital economic policy and infrastructure along with other emerging issues as they develop.
  • Provide regular high-quality economic and political economy analysis and reporting on economic developments in Singapore to the High Commission and UK ministries.
  • Advise senior members of the High Commission, high-level UK Government visitors, and UK businesses on the implications of economic developments in Singapore and providing policy expertise and input to bilateral economic engagement.
  • Provide expert advice to other sections in the British High Commision and to the Head of the Network, especially working closely on emerging strategic issues and developing insights in wider political economy issues.
  • Plan and deliver key Ministerial (and other) senior visits from the UK to help deliver on economic objectives.
  • Build and maintain an extensive network of contacts in government, academia, and the private sector to help inform economic reporting, develop deeper partnerships and promote UK policy objectives. Represent the UK in external engagements and occasionally speaking engagements.
  • Engage with Singapore to support international and multilateral economic objectives.

 Deepen UK-Singapore economic and financial policy cooperation (50%)

  • Lead on emerging economic initiatives and economic diplomacy priorities at post including creating new areas of collaboration and facilitating knowledge sharing across posts.
  • Lead on the annual UK-Singapore Financial Dialogue, working closely with HM Treasury, the Financial Conduct Authority (FCA) and Bank of England. Use economic and financial services expertise to identify new areas and opportunities for deepening UK-Singapore economic collaboration.
  • Understand and analyse key financial services issues and challenges facing the UK and UK business, with a particular emphasis on FinTech, financial regulation and digital issues.
  • Assess the trade relationship between Singapore and the UK to understand priorities, cross-cutting issues and areas for opportunity. Build and maintain relationships with key decision makers and stakeholders.
  • Provide input into efforts by the UK Department for International Trade (DIT) trade promotion team in the High Commission to help increase UK-Singapore trade and investment, for example by working with the team’s trade policy adviser on market access issues and briefing British businesses.
  • Ensure high-quality analytical and economic policy leadership for the UK’s economic development fund, the Prosperity Fund, where it is delivering in across the region, particularly the direction of current programmes on financial services (including capital markets, and FinTech) working closely with the Prosperity Fund programme management team based in Singapore and across the region.

Play an active role in the SE Asia Economic and Trade Policy network to provide analysis and expertise (20%)

  • Working with network of peers across the region on regional economic issues and leading on regional economic analyses and project work relating to hot topics.
  • Supporting and occasionally deputise for the head of the economic and trade policy network in deepening UK’s economic relationship with Singapore and ASEAN.
  • Understanding Singapore’s engagement and priorities within ASEAN and deepening contacts with key government agencies on these issues.
  • Support UK-ASEAN economic objectives through engagement with Singapore and broader analytical expertise to the Head of the SE Asia Economic & Trade Policy Network.

Essential Qualifications:

  • Degree in economics, or a degree with a strong economics component (at least 50%)
  • Experience working as an economist/economic adviser
  • Expertise in financial services policy and regulation

Desirable Qualifications:

  • Good knowledge of Singapore economic, business and political environment and track record of economic work on the Singapore economy
  • A good network of relevant existing contacts in government and the private sector
  • Expertise in economic policy relating to the industrial policy/fourth industrial revolution

The British High Commision has an active L&D Committee which works hard to provide a comprehensive L&D offer. There are a wide range of options available for personal development including training courses, coaching and mentoring, job-shadowing, presentations and learning sets. Staff have access to a wide variety of online resources through the Diplomatic Academy and Civil Service Learning. Staff are strongly encouraged to take advantage of all the available opportunities. The job-holder will be required to take some specific training courses related to their role. All new staff undertake a workplace induction and there are a number of mandatory e-learning courses covering areas such as diversity, health and safety, and information management.

There is a global and regional network of economic advisers that share expertise and provide specific specialist training. In addition, there are opportunities to visit the UK on work visits and to attend the biennial economic officers conference in London (next one in September).

Normal working hours are 37.5 per week: 8.30am to 5.00pm from Monday to Friday. 

British High Commission Singapore supports and promotes flexible working as a crucial part of our inclusive offering. This particular role allows for flexibility in start and end times, working compressed hours, working remotely on one or a couple of days in a week, and the possibility of a job share arrangement, subject to agreement with management.

No accommodation or relocation expenses are payable in connection with this position. You must have or be able to obtain a local work permit

Staff recruited locally by the British High Commission are subject to terms and conditions of service according to local Singapore employment law.

Employment offers are subject to successful clearance of pre-employment checks. 

The British High Commission is an equal opportunities employer and does not discriminate on grounds of ethnic origin, race, religious beliefs, age, disability, gender or sexual orientation.

To apply, please click on this link - https://fco.tal.net/vx/lang-en-GB/mobile-0/appcentre-1/brand-2/user-4120775/candidate/eform/5907541/page/1

All applications must be received before 11:55PM (Singapore Time) on 23 February 2020.

Incomplete application forms will not be taken into consideration, so please ensure you provide the information requested. We regret to advise that we will only be contacting short-listed candidates. Applicants called for an interview will be assessed on the core competencies listed above.

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